Uber-SoftBank deal “very likely” to be finalized in the next week

Uber-SoftBank deal “very likely” to be finalized in the next week

 The Uber-SoftBank deal is almost done, said Arianna Huffington on stage at WSJ D.Live in Laguna Beach on Monday. When pressed whether SoftBank’s multi-billion dollar investment in Uber could be finalized within the week, the Uber board member replied that it’s “very likely.” She confirmed media reports that the proposed deal would involve both a direct investment in… Read More Read full story

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Opternative sues Warby Parker for allegedly stealing its online eye exam

Opternative sues Warby Parker for allegedly stealing its online eye exam

 Eyewear ecommerce giant Warby Parker is accused of signing partnership contracts and NDAs with online eyeglass prescription test startup Opternative, then stealing the technology to launch its own competing “Prescription Check” feature. That’s according to a legal complaint filed by Opternative last month that was unsealed today as the lawsuit unfolds. Opternative is… Read More Read full story

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Indiegogo is now an e-tailer, too

Indiegogo is now an e-tailer, too

 Indiegogo, the nine-year-old, crowdfunding site, is changing things up, it announced today. Not only can startups now raise money through the site, but in what seems like a natural evolution, they can now sell what they make once their goods are in production. In what seems a bigger twist, the San Francisco-based company will also now sell other items, too, opening its new platform —… Read More Read full story

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Upload exec tasked with turning things around at the troubled VR startup has already quit

Upload exec tasked with turning things around at the troubled VR startup has already quit

 The executive tasked with building back community trust in Upload, the VR startup shaken by a sexual harassment lawsuit filed by a former employee earlier this summer, has quit less than six weeks after officially announcing she had joined the team as COO, multiple sources tell TechCrunch. Anne Ahola Ward joined as COO of Upload, which runs co-working spaces in its LA and SF offices as well as… Read More Read full story

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Netflix’s original content costs are ballooning

Netflix’s original content costs are ballooning

 Netflix today once again showed that its subscriber growth is on a tear — especially its growth internationally — but a note in the report may indicate one of the biggest challenges the company faces going forward. Netflix took home 20 Emmy awards this year, and that’s thanks to its enormous investments in original content. Shows like “Stranger Things,”… Read More Read full story

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Alphabet’s Project Wing now delivers burritos by drone in southeastern Australia

Alphabet’s Project Wing now delivers burritos by drone in southeastern Australia

 It’s been a while since we last heard from Project Wing, X‘s moonshot drone delivery project. But after a few fallow months, the team posted an update today and it looks like the project has made quite some progress. Alphabet’s X unit is now testing the Project Wing drones in southeastern Australia, where its flying machines are making deliveries right to its testers&#8217… Read More Read full story

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Netflix crushes its own expectations for subscription growth again

Netflix crushes its own expectations for subscription growth again

 Netflix is still on its rounded-up-to-pretty-great run as it continues to add more and more subscribers, and once again is outstripping its own estimates for growth. Today the company said it added 5.3 million new total subscribers, with 850,000 coming in the U.S. and 4.45 million coming from international markets. Netflix is spending very aggressively on original content, and so far it looks… Read More Read full story

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Facebook acquires anonymous teen compliment app tbh, will let it run

Facebook acquires anonymous teen compliment app tbh, will let it run

 Facebook wants tbh to be its next Instagram. Today, Facebook announced it’s acquiring positivity-focused polling startup tbh and will allow it to operate somewhat independently as it’s done with Instagram and WhatsApp. tbh had scored 5 million downloads and 4 million daily active users in the past 9 weeks with its app that lets people anonymously answer kind-hearted… Read More Read full story

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