WhatsApp eyes lending feature in India as Amazon rolls out Pay Later to tens of thousands of customers
WhatsApp, which began testing its mobile payments feature in India two years ago, could offer at least one more financial service to people in its biggest market. In a filing with the local regulator in India, the Facebook -owned messaging platform has listed credit as one of the areas it will pursue in the country. […]
Facebook stock spikes despite ‘significant reduction’ in demand for ads
The coronavirus pandemic is significantly slowing the growth of Facebook’s ads business, but investors seem pleased with the company’s performance in Q1 after Facebook released its earnings report Wednesday. The company beat Wall Street expectations on revenues, sharing that they had made $17.74 billion while falling short on earnings per share at $1.71. The company […]
Instagram ‘pods’ game the algorithm by coordinating likes and comments on millions of posts
Researchers at NYU have identified hundreds of groups of Instagram users, some with thousands of members, that systematically exchange likes and comments in order to game the service’s algorithms and boost visibility. In the process, they also trained machine learning agents to identify whether a post has been juiced in this way. “Pods,” as they’ve […]
Facebook now allows users in the US & Canada to export photos and videos to Google Photos
Facebook is today rolling out a tool that will allow users in the U.S. and Canada to export their Facebook photos and videos to Google Photos. This data portability tool was first introduced in Ireland in December, and has since been made available to other international markets. To use the feature, Facebook users will need […]
This Week in Apps: Zoom gets busted, TikTok’s new record, contact tracing API launches
This week we continue to look at how the coronavirus outbreak is impacting the world of apps, plus the use of live-streaming apps as fundraising tools and more.
Silver Lake to invest $747M in India’s Jio Platforms
Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […]
Equity Monday: Intel covets Moovit, two early stage rounds, and Uber’s earnings
Good morning and welcome back to TechCrunch’s Equity Monday, a jumpstart for your week. Equity had a busy last few days, so to help you catch up: Friday’s episode was a lot of fun (Duolingo, Figma, OMERS, and aquafaba), and we also dropped an Equity Shot on Saturday, digging into the first major technology earnings week. […]
Facebook to add gift cards, jobs and donation tools to its COVID-19 Community Help hub
Facebook is expanding its Community Help hub to better serve local communities amid the COVID-19 pandemic. The hub has already seen significant usage by those requesting food, supplies and information about local resources, as well as use by volunteers and groups willing to lend a hand. Now, Facebook is adding more features to the hub […]
Discover is Facebook’s new effort to help people access websites for free — but with limits
Facebook has a new connectivity app called Discover to help those who can’t afford to get online access information on the web. The service, available through mobile web and Android app, allows users to visit any website in text format (no video, images, audio and other elements that eat up large amounts of data) and […]
Several major iOS apps crashing at launch due to Facebook SDK issues
A number of popular apps including Spotify, GroupMe, Pinterest and TikTok were fielding user iOS crash reports Wednesday evening, the result of an apparent issues with Facebook’s SDK according to a lengthy GitHub thread on the topic. Downdetector logged tens of thousands of user crash reports on Spotify between 3:30 and 5:30 pm PT, the […]
This early Facebook investor wants to find smart students a job at the next Facebook
For many college seniors, school is a time for self-exploration, considering options, leisurely contemplating the future. Yet that’s rarely the case for computer engineering students who either attend the world’s best universities or rise to the very top of their classes. Almost immediately after choosing their courses during the first week of school, they typically […]
Vista Equity Partners to invest $1.5B in India’s Reliance Jio Platforms
Private equity firm Vista Equity Partners said on Friday it will invest $1.5 billion in Reliance Jio Platforms, joining social conglomerate Facebook and Silver Lake that have also made bets on the Indian telecom giant in recent weeks. The planned announcement, which would give the U.S.-headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake in […]
Facebook’s redesign goes live with simplified navigation and dark mode
After months of testing, Facebook’s redesign is finally official. Announced last year at F8, the more minimalist approach to its desktop design has been rolled out in waves. In March, the company added an option to try out the new version. Users could switch back and leave feedback for why they had done so. This […]
Lessons for pro-Europeans in the failed Remain cause
The anti-Brexit movement wasted energy on negative campaigning and parliamentary wrecking tactics
Lagarde must resist pressure on inflation target
The new president should ensure governments grasp the interaction of fiscal and monetary policy
Complacency could yet threaten the eurozone
If the populists gain power in France and Italy, the future of the euro will be in their hands
A grand bargain for Europe might yet be possible
Statistical comfort distorts our politics
The EU must rethink its approach to UK trade talks
Brussels was wrong to treat Brexit as a threat, rather than grasping it as an opportunity
A narrow EU trade deal is the most likely way forward
The UK should not agree to proposals to stagger the talks, with fish as part of the first course
Merkel’s successor must confront Germany’s decline
Europe is still in thrall to the analogue mindset
The eurozone is too complacent about the coronavirus threat
Europe needs a new scale of stimulus — and cash not credit
Germany’s testing success looks real — for now
Italy is in more danger than the eurozone knows
It is hard to overstate the turn to Euroscepticism. It will not go away when lockdown ends
Don’t blame German judges if they say No to ECB asset purchases
Pinn’s illustration of the week: ‘I’m too busy to watch it’
Ingram Pinn’s illustration of the week: Emergency emissions
Ingram Pinn’s illustration of the week: Rule of law
Ingram Pinn’s illustration of the week: Happy New Year
Pinn’s illustration of the week: Supply and demand
Pinn’s illustration of the week: Brothers in arms
Ingram Pinn’s illustration of the week: Your move
Pinn’s illustration of the week: ‘A beautiful timeline’
Pinn’s illustration of the week: Testing times
Pinn’s illustration of the week: America First
One year later, the future of foldables remains uncertain
Yesterday, Samsung announced that the Galaxy Flip Z sold out online. What, precisely, that means, is hard to say, of course, without specific numbers from the company. But it’s probably enough to make the company bullish about its latest wade into the foldable waters, in the wake of last year’s Fold — let’s just say […]
Bird is testing Bird Pay, which lets users purchase items from local businesses using its main app
Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them). Bird today announced the launch of Bird Pay, a service that will let people use its app to purchase items from local participating businesses alongside renting scooters. The service […]
Samsung’s Galaxy S20 Ultra is a lot of phone for a lot of money
Let’s talk about money. More specifically, let’s talk about how much things cost. A few years back, the price of flagship smartphones leapt above the $1,000 threshold, owing largely to the cost of screen technology. It’s a tough calculus, but that’s the price of innovation. The rising cost of smartphones is largely regarded as a […]
Alipay owner Ant Financial takes minority stake in Klarna
Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform, has announced it’s taking a minority stake in Swedish payments platform Klarna . Klarna has a strong European presence and a flagship product that lets shoppers buy now and pay later in interest-free installments (typically 14 or […]
5G devices were less than 1% of US smartphone purchases in 2019
No surprise, really, that 5G smartphone sales are on the way up. Frankly, there’s really no other way to go, according to the latest numbers from NPD’s Mobile Phone Tracking. The firm noted that 5G handsets accounted for less than 1% of total sales in the U.S. The hurdles are also what you’d expect: namely, […]
Online printing site Doxzoo exposed thousands of customer files
Doxzoo proudly says on its website that your “documents are in safe hands.” But for some time, that wasn’t true. The U.K. printing company left its customer files on a cloud storage bucket, hosted on Amazon Web Services, without a password. Anyone who knew the easy-to-guess bucket name could access the massive trove of customer […]
Samsung earnings guidance stays upbeat despite global macro crisis
Samsung overnight released its earnings guidance for the first quarter of 2020, stating that it expected sales of $45.4 billion and an operating profit of roughly $5.3 billion. The company’s fiscal year is aligned to the standard calendar year, and it will announce official earnings results on April 23. Those numbers are slightly up from […]
Decrypted: Zoom’s security fallout, CrowdStrike’s new CTO, Bugcrowd raises $30M
Another week in quarantine. As the world adjusts to working from home under mandatory stay-at-home orders, hackers are keeping busy. Microsoft said this week that coronavirus-related attacks are on the rise but still make up just a fraction of the overall malicious activity. Cybersecurity companies seem to be faring mostly well — in part thanks […]
Google said to be preparing its own chips for use in Pixel phones and Chromebooks
Google is reportedly on the verge of stepping up their hardware game in a way that follows the example set by Apple, with custom-designed silicon powering future smartphones. Axios reports that Google is readying its own in-house processors for use in future Pixel devices, including both phones and eventually Chromebooks, too. Google’s efforts around its […]
Samsung’s new Galaxy Watch app reminds you to wash your damn hands, dummy
A few months ago, the idea of a hand-washing app would have seemed trivial, at best. We’re all adults here, right? We’ve been washing our hands our entire lives. But things change. It’s mid-April and we’re afraid to go outside and engage with other humans — and thorough hand-washing is one of very few tools […]
Samsung’s new ‘eco’ TV packing transforms into cat houses, shelves and magazine racks
Here’s a nice thing. It’s not revolutionary or life-changing, but it’s nice. And right now we can all use a little bit of nice. Earlier this month, Samsung announced an addition to its line of “eco-packing” that will turn TV boxes in a wide variety of different “furniture.” I use furniture in quotes here because […]