Lyft raises $600 million in funding at $15.1 billion valuation
7 years ago
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Lyft has raised $600 million in a Series 1 financing round led by Fidelity Management & Research Company on Wednesday. This additional funding pushes the company’s valuation at $15.1 billion. Lyft has more than [..]
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Instagram launches IGTV app for creators
7 years ago
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Instagram officially launched IGTV, a new service for long-form videos that is expected to rival YouTube, at an event in San Francisco Wednesday morning. The hour-long videos can be viewed directly within the Instagram app [..]
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Paypal Acquires Hyperwallet for $400 Million
7 years ago
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Paypal has made another critical move to further the efficiency of their payment system by acquiring and integrating the Hyperwallet into their platform. Paypal has made this announcement today about this acquisition [..]
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Opendoor raises $325 million to expand nationwide
7 years ago
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Opendoor, a house-flipping startup, has raised $325 million in a new fundraising round. The money raised will go towards expanding its team and increasing their market to fifty new markets.
With this newest round of [..]
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Instagram plans to launch long-form video hub
7 years ago
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Instagram plans to launch a home for new long-form video length that will take on YouTube and Snapchat Discover. Instagram will have a space where users can upload videos that are up to one hour longer, featuring scripted [..]
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Xiaomi Releases iPhone copycat
7 years ago
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Chinese smartphone firm Xiaomi has released its newest smartphone among many other products at a launch event in Shenzhen earlier today.
Xiaomi’s phones have often borne a similar appearance to the iPhone but in [..]
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Uber to open $24 million flying taxi research center in Paris
7 years ago
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Uber, the ride-hailing company, is taking over the skies next. They will open a $24 million flying taxi research center in Paris. This is Uber’s first research and development hub outside of North America.
In 2016, [..]
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Senate overturns net neutrality repeal
7 years ago
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The Senate voted 52-47 yesterday to overturn the FCC’s net neutrality repeal. All members of the Democratic caucus were joined by three Republicans to vote in favor of net neutrality.
To be clear, the Senate [..]
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Lyft’s monthly subscription plan now has a waitlist
7 years ago
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Lyft is expanding its monthly subscription plans to riders throughout the nation. Riders who signed into the app might have seen the option to sign up for a waitlist that allows them to pay a flat monthly rate for discounted [..]
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Tesla reports both record revenue and record losses
7 years ago
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Tesla had a record first quarter in 2018. It generated $3.4 in revenue, it’s highest ever but also spent more money than ever before, at nearly a $785 million loss. Tesla was expected to report a loss of $3.48 a share [..]
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