It’s not a big addition, and it’s not confirmed yet, but more power is always welcome.
Source: CNET
Last week, the internet was locked in heated discussions about Michael Cohen, Facebook, and House Speaker Paul Ryan.
Source: Wired
The TechCrunch Tel Aviv conference on mobility is in June and we’re excited to announce that Raj Kapoor, the Chief Strategy Officer for Lyft, will be joining as a speaker.
TechCrunch Tel Aviv will focus on mobility and all that it implies, such as autonomous vehicles, drones, you name it.
As well as being the Chief Strategy Officer, he is also the Head of Business for Lyft’s self-driving division. And he also serves as a board advisor for ClassPass, and a Venture Advisor at Mayfield Fund.
Prior to Lyft, Kapoor was a co-founder and CEO of both Snapfish (acquired by HP in 2005) and Fitmob (acquired by ClassPass in 2015), as well as a managing director at Mayfield Fund. Raj holds a BS in Mechanical Engineering and Robotics from Carnegie Mellon University and an MBA from Harvard Business School.
The event will be on June 7, 2018, at the Tel Aviv Convention Center. Israel is one of the world’s fastest growing and most impressive startup ecosystems, and we simply can’t resist coming back. Buy tickets here!
Source: TechCrunch
With the Nokia 3310 and 8110, feature phones are back and better than ever.
Source: Wired
Decades after stumbling upon a stunning coincidence, researchers are close to understanding the link between two seemingly unrelated geometric universes.
Source: Wired
Reed Hastings, CEO and founder of the streaming giant said he believes in sharing information broadly, while Apple locks everything down tight.
Source: Wired
From Theodore Roosevelt to John Kennedy, presidents have often taken on big business, in both word and deed.
Source: Wired
Real estate platform Zillow changed up its business model this week, announcing that it plans to purchase and sell homes in Las Vegas and Phoenix.
Zillow will be working with Berkshire Hathaway and Coldwell Banker to make offers on homes before it finds a buyer. Zillow will pay commissions and also “make necessary repairs and updates and list the home as quickly as possible.”
Calling it “Instant Offers,” Zillow says,
“the program gives real estate agents the opportunity to acquire new listings by connecting them with motivated sellers who have taken a direct action to sell their home. Across all testing, Zillow found the vast majority of sellers who requested an Instant Offer ended up selling their home with an agent, making Instant Offers an excellent source of seller leads for Premier Agents and brokerage partners.”
Shares fell 7% on Friday, following the revelation.
This is a marked business change for the website, which is mainly a hub of information about real estate properties. Buying up homes will provide added costs and risks, so some investors didn’t like it.
Yet Zillow says it has been testing out this program for about a year and that it is optimistic about its future success.
In an interview with CNBC, CEO Spencer Rascoff said, “we’re ready to be an investor in our own marketplace.” He believes Zillow has “huge advantages because we have access to this huge audience of sellers and huge audience of buyers.”
Rascoff acknowledged that Zillow will be taking on debt to execute on its new mission.
This will also put it in competition with Opendoor.
Game on.
Source: TechCrunch
There’s big news in the world of advertising. Sir Martin Sorrell has stepped down from WPP, the world’s largest ad business.
Sorrell had been in the midst of an unspecified investigation about “personal misconduct and misuse of company assets.” He has denied the allegations.
WPP provided us with the following statement.
“Sir Martin Sorrell has stepped down as Chief Executive Officer of WPP with immediate effect. Robert Quarta, Chairman of WPP, becomes Executive Chairman until the appointment of a new Chief Executive Officer…Sir Martin will be available to assist with the transition. The previously announced investigation into an allegation of misconduct against Sir Martin Sorrell has concluded. The allegation did not involve amounts that are material…Sir Martin will be treated as having retired…
The $20.8 billion British company owns big brands in the marketing and communications world, including Olgivy & Mather, Young & Rubicam and 400 others. The company has over 200,000 employees.
73-year-old Sorrell was largely responsible for growing WPP into the advertising empire, having founded the business in 1985. He remained at the helm for decades. Some of its biggest clients include Unilever and Procter & Gamble.
A spokesperson for WPP provided a statement, attributed to Sorrell. “Obviously I am sad to leave WPP after 33 years. It has been a passion, focus and source of energy for so long. However, I believe it is in the best interests of the business if I step down now.”
The ad business has changed a lot since Sorrell launched WPP. The biggest budgets have been overhauled, gradually shifting portfolios to include more online advertising.
WPP’s stock has fallen 22% in the past year amid sluggish growth. Competitors like Omnicom and Publicis have struggled similarly.
As of last year, Sorrell was said to have a net worth of 495 million pounds, or over $700 million. His compensation exceeded $100 million in some years.
Source: TechCrunch
Who owns the rights to an image taken by a monkey? Although an agreement was reached between the photographer and PETA, the court says there are other issues to consider in the “monkey selfie” copyright case..
The post Citing monkey business, court refuses to toss simian selfie lawsuit appeared first on Digital Trends.
Source: Digital trends