Uber Picks Up Another $200M From LetterOne To Push Into Emerging Markets

uber car with sign Along with its new branding, it looks like Uber has picked up some new funding, too. LetterOne (L1), a fund based out of Luxembourg and headed by Russian billionaire Mikhail Fridman, is putting $200 million into the transportation and logistics juggernaut to help it push further into emerging markets. This is a new, strategic investment, rather than a past investment only being disclosed… Read More

Rakuten Writes Down $340M In Assets, Shutters Marketplaces In Southeast Asia And Brazil

rakuten Japan-headquartered e-commerce firm Rakuten has written down $340 million from a range of businesses, including its Kobo e-reader division and France-based e-commerce site PriceMinister, and announced plans to close a number of its global operations as part of a new strategic focus. Read More

A Recap Of The 9th Annual Crunchies Awards

Screen Shot 2016-02-09 at 12.54.30 PM The 9th Annual Crunchies took place at the War Memorial Opera House in San Francisco last night. Host Chelsea Peretti had us laughing before our presenters came on stage to announce the winners of this year’s Crunchies. Follow along for some of the highlights of the show, including an operatic musical number, our favorite speeches and some of your social media posts. Read More

SolarCity Beats Q4 Estimates, But Stock Plunges 30 Percent On Soft Outlook

solarcity-earnings-red SolarCity, which is down more than 50 percent over the past year, just released its Q4 2015 earnings. The market has reacted negatively, with the stock trading down about 30 percent after-hours at a price of around $17.50 per-share. While Q4 revenue of $115M and loss of $2.37 per share beat estimates of $111M in revenue and a loss of $2.59 per share, the company’s Q1 2016 forecast… Read More

U.S. Version Of Politwoops Comes Back Online To Track Politicians’ Deleted Tweets

politwoopsUS Politwoops, a service that tracks politicians’ deleted tweets in an effort to hold elected officials accountable for the statements they make on social media, is now back online in the U.S. The restoration of the service, announced today by the Sunlight Foundation, follows Twitter’s earlier decision to restore Politwoops’ access to its API after previously having… Read More

Fox Marks Down Its DraftKings Investment By 60 Percent

In this photo taken on Tuesday, Dec. 1, 2015, an ad for daily fantasy sports operator DraftKings is displayed in a subway station in Philadelphia. A state judge has barred daily fantasy sports sites DraftKings and FanDuel from doing business in New York.  The order issued Friday, Dec. 11, 2015, by state Supreme Court Justice Manuel Mendez also denied the country’s two biggest daily fantasy sports sites’ attempts to block the state’s attorney general enforcement action. (AP Photo/Oskar Garcia) Twenty-First Century Fox, which invested $160M in DraftKings over the summer, has written down the investment by about 60 percent, according to its 10-Q filed today. Specifically, Fox noted that “based on information concerning DraftKings’ current valuation in a recent financing transaction, the Company determined that a portion of its investment in DraftKings was impaired and… Read More

The Money In Open-Source Software

moneywave It’s no secret that open-source technology — once the province of radicals, hippies and granola eaters — has gone mainstream. According to industry estimates, more than 180 young companies that give away their software raised roughly $3.2 billion in financing from 2011 to 2014. Despite the growing popularity of open-source software, though, many open-source companies are… Read More

Fintech Savings Service Qapital Launches Android App

moneytrees Qapital, the financial management service integrated with most banks, is launching its Android app today. First available only in iOS, the new service offers the same breadth of functionality to new Android customers which comprise the bulk of mobile phone users in the world. For investors and boosters like acclaimed behavioral economics researcher Dan Ariely, the launch of the new Android… Read More

The Trashbot Will Eat And Sort Your Garbage

shutterstock_320894498 Robots need excitement. If their lives don’t provide instead they’ll incite violence. Common sense. Simple common sense. But robots also need trash. That’s why the Trashbot is so cool. This robotic trash can will automatically sort all of your garbage, pitching metals into one can and non-recyclables into another. The project is still in its relative infancy but it’s… Read More

The Next Tesla Will Start At $35,000 But Don’t Expect To Pay That Price

FILE - In this April 1, 2015, file photo shows the Tesla Motors new showroom in Salt Lake City. State lawmakers said Wednesday, May 20, 2015 they hope to work out a compromise law this year that would allow Tesla Motors to start selling its electric cars at its $3 million showroom in Salt Lake City. Two weeks before the showroom's planned opening in March, the Utah attorney general's office ruled that it couldn't sell cars under state laws barring a manufacturer from owning more than 45 percent of any dealership. (AP Photo/Rick Bowmer, File) Tesla has yet to unveil the Model 3, but the company just confirmed that it will be available starting at $35,000. The Model 3 has long been rumored to cost about this price, and today, Bloomberg is quoting a Tesla spokesperson who confirmed the starting price. At that price, the car will retail at a price point slightly higher than the average car sells for in the States. It will retail… Read More

GitHub Updates Its Enterprise Product With Clustering Support, Updated Design

2b38e278-8c46-11e5-8a25-06aa80342ad1 GitHub Enterprise, the company’s on-premises solution for managing code, is getting a major update today. It comes at a time when there seems to be some upheaval in the company around the importance management has been putting on this product. The marquee feature of GitHub Enterprise 2.5 is support for clustering. With this, businesses can now set up a cluster of GitHub Enterprise… Read More

Oculus-Ready PC Bundles From ASUS, Alienware, Dell Pre-Sell For $1499 Next Week

kv Oculus wants to make it easy to get everything you need to dive into virtual reality. Thanks to team-ups with ASUS, Alienware, and Dell, Oculus will open pre-sales of Oculus-ready PC bundles starting at $1499 on February 16th at 8am PST. Buying as a bundle gets people a $100 to $200 discount on the PCs. The bundles include an Oculus Rift, a gaming PC powerful enough to run it, motion sensors,… Read More

LendEDU Is Making Student Loan Refinancing Easier

Screen Shot 2016-02-09 at 12.25.06 PM When 21-year-old college students Nate Matherson and Matt Lenhard started their first business for tutors, they didn’t really know that they would soon embark on a journey to help solve the $1.2 trillion student loan problem in the U.S. Launched out of their University of Delaware dorm room, their first business was designed to help college tutors. The two even made it into an… Read More