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Archivo del Autor: Belen De Leon

CGI 'Influencers' LIke Lil Miquela Are About to Flood Your Feed

Lil Miquela may be fascinating in her own right, but the rise of digital humans in social media and elsewhere is just getting started.
Source: Wired

Frontier Car Group raises another $58M for its used-car marketplace for emerging economies

We’ve seen a large wave of used-car sales startups launch across developed markets like the U.S. and Europe, disrupting a marketplace that has largely been untouched for years. Now a startup focusing on the used car-sales opportunity specifically in developing economies is ramping up its activities.

Frontier Car Group, a Berlin startup that has built a used car marketplace targeted specifically at countries outside of Western Europe and North America, is announcing $58 million in funding — $41 million in equity and $17 million in debt funding — to continue expanding its business into Africa, Latin America and Asia, where it has sold 50,000 vehicles since launching at the end of 2016 and is on track to do $200 million in annualised revenues per year.

The Series B brings was led by Balderton Capital and TPG Growth (both of which participated in Frontier’s previous $22 million round), with Fraser McCombs Capitaland Autotech Ventures — two automotive-specific funds — also participating.

Frontier is not disclosing its valuation with this round but a source close to the company said the demand to participate in this round was high and led to two unsolicited Series C term sheets — each for around $100 million — and both on a pre-money valuations of over $200 million.

Developing markets continue to be a huge focus for tech companies when their home countries become to competitive or growth there starts to slow, and that trend has inevitably tipped into startups also targeting those markets from the very start.

Sujay Tyle — Frontier’s 24 year-old American CEO (who comes with an impressive record: he went to Harvard aged 15, and has a degree from there in Economics; and he has also been a Thiel Fellow), who co-founded the company with Peter Lindholm (COO), and André Kussmann (CTO) — said that the choice to launch first and only in countries like Mexico and Nigeria, two of Frontier’s largest markets, was borne out of a couple of reasons.

“I fell in love with the Auto1 model,” he said, in reference to another Berlin startup that earlier this year laid claim to the highest-ever venture round raised by a European startup when it landed €460 million from Softbank, “and I could see how it could be applied to emerging markets. Emerging markets represents nascency.”

Used car marketplace startups in countries like the US or in Europe have been focused on making it easier or faster or more flexible to own a used car — examples being the well-capitalised Fair.com, the now-public Carvana, and Auto1. Frontier’s service (which has different branding in each market) is modelled on these. It first gives would-be sellers online quotes for how much their car might sell for. It then inspects and buys in the vehicle at that price. Would-be buyers then use an app or web to browse stock and arrange for financing.

Tyle says that one of the bigger challenges in developed markets for this model is simply competing against others doing exactly the same thing as each other, leading to a lot of price competition. In contrast, not only is the market less crowded in the countries where Frontier operates, but similar to Uber, Frontier appears to be playing on the idea that alternatives are less good than what Frontier represents.

“The number one channel for car theft in Mexico is classified advertising,” claimed Tyle. “People make deals in cash, but if you show up to a public location with $5,000, that’s a dangerous value proposition. Also, it takes a lot of time and is onerous.”

On the side of supply, he says Frontier is also providing a service that didn’t exist before. “Smaller dealers have a lot of trouble finding cars in these markets, where there are no auction houses or services to import vehicles, so for car dealers, we can provide them with a source of inventory, which also means we have a big impact,” he said.

Frontier has made some lucrative sourcing deals that have helped it get a leg up in some countries. In Mexico City, for example, it has the contract to sell ex-Alamo rentals — “a very lucaratve business,” he added.

If you’ve been following the used-car and automotive startups, you’ll know that it’s been a bumpy road for the space overall. Some of the notable fallen stars have included Beepi, Vroom (which is still going but has shuttered some operations and laid off staff), Carspring and Hellocar in the UK, among others. Tyle said he expects Frontier to be Ebitda-profitable by Q2 of 2019.

“Balderton first invested in FCG a little under 2 years ago and it is staggering what the team have achieved in such a short time, getting to significant scale and building a platform that is capable of being leveraged in many different operating environments,” said Daniel Waterhouse, a partner at Balderton Capital. “We are excited to further support the company and look forward to the next chapter of this extraordinary story.”

Mark Norman, Managing Partner at Fraser McCombs Capital, said in a statement: “Fraser McCombs Capital is excited to support the FCG team and their unique software and data platform to transform the used vehicle buying and selling experience in key growth markets around the world.  We’re pleased to bring our global automotive investment and operating experience to the board.”


Source: TechCrunch

Hasbro buys Power Rangers in $522M media deal – CNET

The Mighty Morphin Power Rangers join Transformers, G.I. Joe and other toy brands owned by Hasbro.
Source: CNET

Sonos smart home theater speaker outed by FCC filing – CNET

It could be the Alexa-enabled successor to the well-liked Playbase.
Source: CNET

Ant-Man and The Wasp trailer has size-changing battles and a giant ant – CNET

Marvel’s Ant-Man and the Wasp looks to lighten things up in the wake of the emotional Avengers: Infinity War.
Source: CNET

Facebook's Zuckerberg unveils privacy tool 'cleary history' ahead of F8 – CNET

CEO Mark Zuckerberg unveiled the feature, which lets you delete data about apps and websites you’ve interacted with, in a Facebook post before developer conference F8.
Source: CNET

‘Avengers: Infinity War’: We Need to Talk About That Ending

That was intense, right?
Source: Wired

Facebook announces way to “Clear History” of apps and sites you’ve clicked

Today is a big day for Facebook . The company is hosting its F8 developer conference in San Jose today and just before the event is scheduled to start, Facebook CEO Mark Zuckerberg dropped a bit of news: the company will soon launch a new privacy feature that will allow users to see and delete the data Facebook has collected from websites and apps that use its ads and analytics tool.

With this, you can scrub at least some of your browsing history from Facebook’s data store. Zuckerberg likens this feature to deleting cookies from your browser history.

“Once we roll out this update, you’ll be able to see information about the apps and websites you’ve interacted with, and you’ll be able to clear this information from your account,” Zuckerberg explains. “You’ll even be able to turn off having this information stored with your account.”

Facebook notes that when you delete information through this feature, the company will remove all identifying data from your history but will still provide aggregated analytics to developers.

The Facebook founder also stresses that his time before Congress taught him that he didn’t have “clear enough answers to some of the questions about data.” Unsurprisingly, he promises to make some changes there and notes that the company is working on new and clearer controls.

The Clear History feature is currently in development and will roll out in the coming months.

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Today at our F8 conference I’m going to discuss a new privacy control we’re building called “Clear History”. In your…

Posted by Mark Zuckerberg on Tuesday, May 1, 2018

 

 

 


Source: TechCrunch

Ant-Man and the Wasp trailer takes battles to big and small heights video – CNET

The latest Marvel movie trailer shows Scott Lang (Paul Rudd) and Hope van Dyne (Evangeline Lilly) teaming up for giant-size action.
Source: CNET

Google is launching .app domains, the first TLDs secured with built-in HTTPS, on May 7

Over three years after Google paid $25 million to gain the exclusive rights to the “.app” top-level domain, the company is at last making .app domains available to register starting on May 7, at 9 AM PDT through Google’s Early Access Program. The following day, the domains will go on sale for the general public, including through other registrars.

The new top-level domain (TLD) is an obvious choice for app developers and others in the tech industry, as it serves as an easy-to-remember alternative to .com domains – where inventory has long been running low for popular words.

In addition to the expected demand, Google is requiring HTTPS for all. app websites. This built-in security protects against ad malware, tracking injection by internet service providers, and safeguards against spying on open Wi-Fi networks, the company explains.

Google has been an advocate of pushing the web towards HTTPS adoption, noting last fall that 64 percent of traffic through its Chrome browser on Android was protected, up from 42 percent the year before. Chrome traffic on Mac was up to 75 percent, and on Windows up to 66 percent at the same time. The increases were due to a number of actions on Google’s part, including its decision to flag all websites using HTTP to transmit private information as “insecure.”

This year, Google said it would mark all pages without HTTPS encryption as insecure starting in July with the launch of Chrome 68.

Given its plans, it makes sense that Google’s new domain addition would also include HTTPS protection built-in.

Still, it’s something of a milestone, Google notes.

“Because .app will be the first TLD with enforced security made available for general registration, it’s helping move the web to an HTTPS-everywhere future in a big way,” the company writes in its announcement of the new TLD.

Prior to the public launch of .app, Google had reached out to potential candidates, offering them a first crack at grabbing a .app domain in order to showcase the potential use cases. Some of those who are already live on .app domains include Outdoor Voices, Cash App, Sitata, Albert, Picnic, Trail, BNEXT, Bark, CallApp, The Podcast App, Pickle, MenaVR and many others from around the world. (A list is here.)

The company also removed the requirement that limited the domain to app developers, though Google suggests the name makes the most sense in that market.

In an interview last month with Domain Name Wire, Google said that it aims to make .app domains affordable – it expects the pricing to be less than its other TLDs like .how or .soy, for example. The site said that would mean wholesale pricing would be around $10-12 and retail registrations would be $20. (Pricing was not detailed in today’s announcement, however.)

Interested .app domain shoppers can register their domain of choice on May 7, 2018 starting at 9 AM PDT, if they want to pay the additional fee for early access ahead of the domain’s launch to the public through other registrars.

More info is on the get.app website.


Source: TechCrunch

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