Mobile delivers high exit multiples despite broader market slowdown

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: In the world of mobile apps, numbers come in two sizes: big and bigger. More than one billion people use Facebook’s mobile app every day. Instagram — another Facebook property — has well over 100 […]

WhatsApp hits 1.5 billion monthly users. $19B? Not so bad.

Facebook’s $19 billion acquisition of WhatsApp sounds smarter and smarter. Today CEO Mark Zuckerberg announced on the Q4 2017 earnings call that WhatsApp now has 1.5 billion users and sees 60 billion messages sent per day. That’s compared to 1.3 billion monthly users and 1 billion daily active users in July. The massive growth makes […]

Facebook reduces time spent by 2 min/user/day to push well-being

Facebook is putting its short-term money where it’s mouth is, reducing the presence of viral videos in an effort to boost well-being of users of its site. Today in Facebook’s Q4 2017 earnings report CEO Mark Zuckerberg announced that “Already last quarter, we made changes to show fewer viral videos to make sure people’s time […]

Facebook survives Q4 with slowing 1.4B daily users but record $12.97B revenue

Despite worries about Russia and that passive News Feed scrolling hurts us, Facebook beat expectations again in its Q4 2017 earnings report. Facebook now has 1.4 billion daily users, up 2.18% compared to growing 3.8% to 1.37 billion users in Q3. That’s a sizeable slow down, and the lowest quarter-over-quarter percentage daily user growth ever […]

Facebook survives Q4 with slowing 1.4B daily users but record $12.97B revenue

Despite worries about Russia and that passive News Feed scrolling hurts us, Facebook beat expectations again in its Q4 2017 earnings report. Facebook now has 1.4 billion daily users, up 2.18% compared to growing 3.8% to 1.37 billion users in Q3. That’s a sizeable slow down, and the lowest quarter-over-quarter percentage daily user growth ever […]

Polymail looks to unify business email tools into a single web app

If you’re more of a Gmail power user (or even semi-power user) and other email services geared toward work, you’ve probably installed plenty of plugins like Rapportive to make your job a little bit easier. And while it’s all fine to try to pull together a suite of plugins to make that a little bit […]

Actress Maisie Williams to launch Daisie, a social app for talent discovery and collaboration

Actress Maisie Williams, best known for her role as Arya Stark on Game of Thrones, is the latest celeb to venture into tech entrepreneurship, with the launch of a new company aimed at connecting creatives, called Daisie. Available later this summer as a mobile app, Daisie will offer a platform where creators can network, like, […]

SoftBank buys into Line’s mobile service in Japan

SoftBank is partnering up with messaging app Line to help develop its Line Mobile telecom service. Line announced that it has agreed to allow SoftBank to take a 51 percent in the business via an issuance of new shares. The deal is expected to close by March. From the documents, its mobile business is valued […]

Samsung topples Intel to become the world’s largest chipmaker

Samsung has ended Intel’s 25-year run as the world’s biggest seller of chipsets after it posted its 2017 end of year financials. The Korean tech giant’s chipset division — which has long been its biggest hitter — grossed total revenue of $69 billion in 2017, eclipsing the $62.8 billion Intel reported for last year. That […]

Appeals court rules that Tinder’s pricing violates age discrimination laws

A California appeals court has sided with Allan Candelore, a man suing Tinder over the pricing for its premium service, Tinder Plus. Specifically, Candelore and his lawyers argued that by charging $9.99 per month if a user is under 30, versus $19.99 per month if you’re 30 or older, Tinder is discriminating based on age, […]