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Archivo del Autor: Belen De Leon

Ice, wind and lightning: How Mount Washington's weather watchers survive – CNET

The Northeast’s tallest peak is an unforgiving environment for people and gadgets.
Source: CNET

Google Chrome’s biggest challenge at age 10 might just be its own success – CNET

Google’s browser helped build the modern web. But what if that becomes the Google web?
Source: CNET

Facebook, Twitter and Google have a lot to prove to Congress – CNET

Facebook’s Sheryl Sandberg, Twitter’s Jack Dorsey and Google’s Larry Page have been invited to testify to Congress this week.
Source: CNET

20 years on, Google faces its biggest challenges – CNET

The search giant brought information to the masses. But two decades after its founding, Google isn’t the whimsical startup it once was.
Source: CNET

Senator Mark Warner Is Not Happy With Google

The vice chairman of the Senate Intelligence Committee talks about the search giant’s glaring absence at this week’s committee hearings, and the White House’s #stopthebias campaign.
Source: Wired

I Invented Autocorrect. Sorry About That; You're Welcome

Opinion: A longtime Apple designer explains why it’s so hard to make phones predict what you’re thinking when you type.
Source: Wired

Chat app Line to raise $1.33BN via convertible bonds to double down on financial services

Move over stickers and games: Japanese messaging app firm Line has announced it’s raising around 148.1 billion yen ($1.33BN) through convertible bonds to fund aggressive expansion into the financial services business, Reuters reports. 

Line said it plans to spend most of the money on promoting its Line Pay service and for other new financial services by the end of 2021.

The messaging platform has been involved in payment offerings for some years, launching Line Pay at the end of 2014 — to let users make payments through the app at affiliated online and offline stores by registering their credit cards.

Line Pay also supports p2p payments between users of the platform, which has some 164M monthly active users in Japan, Taiwan, Thailand and Indonesia.

While popular in parts of Asia, the messaging platform has failed to grow usage beyond its core regions — unsurprisingly given how fiercely competitive the space is — with the likes of China’s WeChat and Facebook owned WhatsApp standing in its way. But while user growth has stalled, Line has managed to grow revenue from its existing user base. And doubling down on financial services looks to be its growth strategy going forward.

It has recently started experimenting with crypto — announcing the forthcoming launch of a cryptocurrency token (called Link) late last month, and developing its own blockchain to power it, in what looks to be a bid to drive user engagement on its platform. Though it has long used a digital currency (Line Coins) on its platform.

Earlier this year Line also announced the launch of a Singapore-based crypto exchange, called BitBox.

It’s not doing an Initial Coin Offering (ICO) for the Link token launch, presumably to side-step the legal questions around token sales. So the convertible bond sale looks to be its alternative (traditional) route for raise funds for the push to grow its financial services business.

In a statement today Line said it would issue zero coupon convertible bonds maturing in 2023 and 2025.

Reuters reports that a portion of the bonds will be issued to its South Korea-based parent Naver Corp to maintain its ownership above a certain level.

It added that Naver’s stake would fall to 70.42 percent from the current 72.86 percent when all the bonds are converted into stock.


Source: TechCrunch

From 'Maniac' to 'The First,' the 15 New Fall TV Shows We're Most Excited About

From Netflix mind-benders to Hulu space dramas, the fall is looking good for new TV.
Source: Wired

A Clever and Simple Robot Hand

Researchers have developed a simple, yet capable hand that promises to help robots get a grip at a fraction of the price.
Source: Wired

Silicon Valley Wants to Use Algorithms for Debt Collection

Startups hope to disrupt the robocalls and boiler rooms by harnessing data to make collection both gentler and more efficient.
Source: Wired

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