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With Thanksgiving hitting a record $2.87 billion in online sales in the U.S., Black Friday is shaping up to be an even bigger haul for online retailers. Figures from Adobe — which analyses 80 percent of online transactions to the 100 largest web retailers in the country to come up with its numbers — put total sales at $640 million as of 7 am Pacific time today, up 18.4 percent… Read More
Source: Tech Crunch
With Amazon as the 800-pound gorilla, many of my fellow investors choose to ignore e-commerce altogether. In fact, the industry hit recent lows in a number of deals and investments. But as Bonobos’ $310 million acquisition by Walmart and Stitch Fix’s IPO demonstrate, there are still plenty of exciting opportunities in this space for investors. Read More
Source: Tech Crunch
Snap Inc’s stock tanked after missing revenue expectations by $30 million last quarter, so Snapchat is looking to win over businesses with immersive new ads formats. This week it introduced two new forms of ads: Promoted Stories which string together multiple Snaps into a longer-form slideshows openable from a tile on the Stories page that’s shown to everyone in a given country,… Read More
Source: Tech Crunch
Black Eyed Peas frontman will.i.am took heed of Steve Jobs’ “think different” but perhaps more so, he has kept it all the way 100 by being fresh and original — the core values of golden-age hip-hop. Today, the group released an augmented reality app, available on iOS and Android, to go with its graphic novel Masters of the Sun: The Zombie Chronicles. The story,… Read More
Source: Tech Crunch
A number of bed-in-a-box startups have taken different approaches to selling their mattresses and bed ware in the last year. Casper and Tuft and Needle, for instance, launched their own branded physical store locations. However, Purple, a mattress startup out of Utah that recently merged with a New York shell company, took a different approach, instead striking a distribution deal with… Read More
Source: Tech Crunch
Black Friday, the day after a quiet Thanksgiving Thursday, traditionally has been thought of as the start of the holiday sales season, but the rise of e-commerce in the last few years has changed all that, and the action is already kicking off today.
Early numbers from Adobe and IBM, two of the companies that track traffic to a vast swathe of e-commerce properties, show that numbers are up… Read More
Source: Tech Crunch
Over in India, there are a handful of startups working to get the country’s billion-person population on bikes. One of them is Yulu, co-founded by Amit Gupta, who formerly co-founded profitable, billion-dollar startup InMobi. In the next three to four weeks, Yulu will launch its bike-sharing service in Bangalore with a few hundred bicycles. Yulu is starting with regular, dockless… Read More
Source: Tech Crunch
The Tesla Semi, the automaker’s all-electric transport truck, will retail starting at $150,000 for a version with 300 miles of range, and will also be available in a $180,000 version with 500 miles of range. Interested parties can pre-order them with a base reservation price of $20,000 – or, if they want a “Founders Series,” they can get one for $200,000, with the… Read More
Source: Tech Crunch
Welcome to Thanksgiving table talk circa 2017. It’s true that AI and machine learning are changing the world, and in a few years, it will be embedded in all of the technology in our lives. So maybe it makes sense to help folks at home better understand machine learning. After all, without deep knowledge of current tech, autonomous vehicles seem dangerous, Skynet is coming, and the… Read More
Source: Tech Crunch
The lunch took place just after well-known tech investor Moshe Hogeg announced he would invest in every Israeli blockchain that approached him. That investor group, called Alignment, consisted of the Singulariteam Technology Group, together with CoinTree Capital, and BlockchainIL. Held at Alignment’s new blockchain Hub in Tel Aviv, we got to hear from an array of new companies. Dubbed… Read More
Source: Tech Crunch