Author: azeeadmin

31 Aug 2018

Mynewsdesk acquires web monitoring service Mention

Communications workflow company Mynewsdesk is acquiring French startup Mention for an undisclosed sum. Norwegian business media group NHST currently owns Mynewsdesk.

Mention lets you monitor keywords around the web. It’s a good way to hear what customers are saying about your brand on their blog, on Twitter, on Facebook or anywhere public.

You can also use Mention to generate reports, study competitors to see if people are talking about them and find influencers who use your products. It can be a useful tool for PR and marketing companies for instance.

Mynewsdesk wants to be an all-in-one tool for PR agencies. It can also help you track media coverage, but it goes a bit further than that. You can organize your media contacts in the service and segment your distribution list, write and distribute press releases and measure your campaigns.

It’s clear that Mention fits well with Mynewsdesk. Mention will stick around as a standalone product for now. But it feels like the monitoring feature of Mynewsdesk could benefit from Mention’s expertise in this area.

Mention currently has 750,000 users, including 4,000 customers. It generates $6 million in annual recurring revenue with a 35 percent growth rate year-over-year. Investors include eFounders, Alven and Point Nine Capital. Mention co-founder and CEO Matthieu Vaxelaire is becoming COO at Mynewsdesk.

31 Aug 2018

Apple’s new iOS 12 beta fixes the annoying ‘please update’ bug

iOS 12 beta testers have been plagued with a frustrating bug that continually pops up messages alerting them that a new iOS update is available when, in fact, it’s not. Apple has now fixed this bug, which is patched in the latest iOS 12 betas rolling out now, we understand.

The bug first made headlines on Thursday, when a number of iOS 12 beta testers – including developers and those on the public beta program – began to complain on social media about the problem. All users were seeing a pop-up message that read, “A new iOS version is now available. Please update from the iOS 12 beta.”  

Users could close this window with a tap, but the same pop-up would reappear at regular intervals. There was nothing to be done about it, because the message itself was wrong – there was no new beta available for download at the time.

While it’s true that beta versions of software can have glitches and bugs, the iOS 12 beta has been, arguably, one of the most stable to date. For many people, the bug was one of the first times they had a serious issue with running the beta software.

Some had figured out yesterday that you could adjust the system date and time to turn off the non-stop notifications, but this was bad advice. Messing around with the system clock can introduce a host of other issues, like missing calendar appointments or reminders, for example.

Apple was aware of the issue, and has thankfully introduced a fix before the long holiday weekend here in the U.S.

The fix is available in both the new developer beta and the public beta, out now.

31 Aug 2018

Wish, Netflix, Uber and ~100 others testing WhatsApp’s new Business API

Earlier this month, WhatsApp announced the launch of its first revenue-generating enterprise product, the WhatsApp Business API. The API allows businesses to respond to messages from WhatsApp users for free up to 24 hours, then charges for any responses after that point on a per message basis. Though still in a limited preview, the company is now supporting around 100 businesses directly on its API platform, including airlines, e-commerce companies, banks, and others like Uber and Netflix, and plans to onboard many more in the months ahead.

Because businesses have to first apply to gain access the API, there’s some misinformation floating around on backchannels about how to get approved.

For example, some industry sources have been telling partners that no U.S.-based businesses are being onboarded to the API at this point. This is untrue, WhatsApp says. In fact, there’s a public site where U.S. companies Uber and Wish are featured as “customer stories.” We also understand that U.S.-based Netflix is testing the API, though not for use in the U.S. for the time being.

Others listed on WhatsApp’s website include Booking.com, MakeMyTrip, B2W, iFood, Singapore Airlines, Melia Hotels, KLM, Bank BRI, absa, Coppel, and Sale Stock.

WhatsApp isn’t limiting access to the API based on where companies are located, it says, nor does it have requirements for those businesses  – like how many messages they need to send per month.

The latter is another piece of misinformation out there, as businesses try to decipher who’s getting in. Some have been saying that API customers need to send at least 100,000 messages a month, if they expect WhatsApp to approve them during this preview phase. This is inaccurate, WhatsApp says.

There’s no requirement related to the number of messages being sent. Although the API is intended to be used by larger businesses, some today are using it for customer service which often means they’re receiving more messages than they’re sending, the company noted.

The API is now how WhatsApp generates revenue, as it ditched its subscription fee years ago. That’s why it’s worth tracking its progress. Businesses can also buy Facebook News Feed ads that launch customers into WhatsApp conversations they can respond to.

WhatsApp officially launched its Business app at the beginning of the year, which makes sense for smaller companies, and then rolled out the API this summer for the larger ones.

Bringing businesses into the WhatsApp ecosystem is a significant shift for the Facebook-owned company, as it turns what’s been a place where family and friends communicate into a place of business.

With that delicate balance in mind, WhatsApp says that businesses cannot reach out to customers using the API without the customers’ specific permission.

Instead, the API is designed to allow businesses to respond to customer inquiries, or provide them with other information they’ve requested. For example, an airline may send a boarding pass via the API; an e-commerce business may send a receipt; a bank may send over a bank statement.

Uber is using WhatsApp with its drivers to all them to connect to members of its team about questions and Netflix is sending account messages and suggestions as a part of its test.

Further down the road, the API could enable other types of customer interactions as well, like handling two-factor authentication requests, perhaps, instead of using SMS. But that’s not happening at present.

WhatsApp says there are now around 100 companies globally on the API platform.

The company is also working with a dozen or so solution providers. Businesses like VoiceSageNexmoInfobip, Twilio, MessageBird, Smooch, Zendesk, and others are already advertising their services in this area.

Companies interested in gaining access to the API can work with one of the solution providers or sign up directly via the WhatsApp website.

As WhatsApp brings on more businesses, it’s only vetting requirement of sorts is that it’s looking for those interested in creating quality experiences for customers, the company says.

Of course, even the invited intrusion of businesses into WhatsApp changes the nature of the platform.

As users invite more businesses to communicate with them, WhatsApp may start to feel like more like an email inbox or even a Twitter-like support channel.

Making sure there are easy-to-find settings that let users terminate their connections with businesses will be just as critical as the API becomes more widely adopted going forward.

 

31 Aug 2018

YC-backed travel startup Duffel inks $4.7M round led by Blossom Capital, but stays coy on the details

A new London-based travel-industry startup is slowly coming out of stealth mode, but although it’s releasing it’s funding round, it’s keeping the actual product close to its chest. For now.

Y Combinator -backed travel startup Duffel says it is working on “a new way to book travel online, aiming at the booking experience “end to end”. A hint at what this might mean is the fact that the team contains alumni from GoCardless and is objectively very experienced in the FinTech world.

So far, that’s all we’re getting. But what we do know is that Duffel is today announcing an investment round of $4.7 million.

Blossom Capital is the lead investor in the round and has built a syndicate with other major investors: The Crankstart Foundation and Index Ventures. Crankstart is the charitable investment vehicle of Michael Moritz .

It’s also revealed that it’s currently participating in the Y Combinator S18 Cohort.

The UK headquartered company was founded by two former early GoCardless employees: Steve Domin and Tom Bates, as well as Vincent Pastor. Steve and Tom join the list of GoCardless-alumni startups, which include the founders of Monzo and Nested. They say the money will be used to expand their engineering team in London.

Steve Domin, founder of Duffel said: “We are building a platform from scratch that will completely redefine the nature of travel experiences booked on web or mobile. The travel industry hasn’t evolved its technology to service the demand and behaviours of its most important customers and the providers – airlines, hotels, transport companies – and their customers are hurting as a result. Travel agents still work on terminals that look like they’re from the 70s and travel buyers still have to browse 10 websites before finding that perfect fare. This shouldn’t be the case any more and we’re planning to solve this issue from the ground up.”

Commenting Blossom Capital founder Ophelia Brown said: “The Duffel team have very ambitious plans to completely reinvent the travel space, so we are very excited to support them in their mission. Similar to payments, before the emergence of next-gen companies like Adyen or Stripe, this is an industry that hasn’t witnessed innovation in decades, still running on antiquated rails and infrastructure. We see huge opportunity for innovation in this multi-trillion dollar industry.”

This is the second firm London-based Blossom has invested in straight out of Y Combinator. Recent investments include Fat Llama, an online marketplace for renting belongings like audio, video, sound and DJ equipment.

31 Aug 2018

Alexa routers are a thing now

Some things are inevitable — stock market fluctuations, thunderstorms, your favorite band reuniting to offset poor financial planning. And then there’s Alexa. Amazon’s smart assistant is slowly making its way onto every aspect of of the smart home, and Google’s own offering isn’t too far behind.

As far as these things go, routers make a lot of sense. They’re a key part of stay connected, and in the case of mesh ones, they’re everywhere. So why not have them do double duty, right? Clearly Huawei and Netgear were struck by the same thought, and Amazon was more than happy to oblige. 

Both companies debuted a take on the concept this week at IFA. Huawei’s AI Cube, which despite not being a cube at all, is the more straight forward of the two offerings. The device looks remarkably like a Google Home (and, by extension, a Glade air freshener, but I digress) and does LTE via a 4G SIM card, along with both the 2.4GHz and 5GHz bands.

The fabric bottom of the router is a larger speaker so Alexa can talk back, featuring a “400ml sound cavity and an aluminum diaphragm.” The “AI” appears to refer to the Alexa functionality. No word on what specific router skills Alexa will have here, but speed readings seem like a pretty good start.

Netgear, meanwhile, beat Huawei to the draw by a day with the Orbi Voice. The addition to the popular line takes advantage of the fact that mesh routers are designed to be placed throughout the home to help cover WiFi dead spots. It’s a bit like putting Echo Dots everywhere, except they’re helping keep your network covered in the process.

No word on price for the Huawei, but the Netgear’s gonna run you $300. Either one seems like a pretty solid addition for those looking to Alexa up the place.

31 Aug 2018

Apple will require all apps to have a privacy policy as of October 3

Apple is cracking down on apps that don’t communicate to users how their personal data is used, secured or shared. In an announcement posted to developers through the App Store Connect portal, Apple says that all apps, including those still in testing, will be required to have a privacy policy as of October 3, 2018.

Allowing apps without privacy policies is something of an obvious hole that Apple should have already plugged, given its generally protective nature over user data. But the change is even more critical now that Europe’s GDPR regulations have gone into effect. Though the app makers themselves would be ultimately responsible for their customers’ data, Apple, as the platform where those apps are hosted, has some responsibility here, too.

Platforms today are being held accountable for the behavior of their apps, and the data misuse that may occur as a result of their own policies around those apps.

Facebook CEO Mark Zuckerberg, for example, was dragged before the U.S. Senate about the Cambridge Analytica scandal, where data from 87 million Facebook users was inappropriately obtained by way of Facebook apps.

Apple’s new requirement, therefore, provides the company with a layer of protection – any app that falls through the cracks going forward will be able to be held accountable by way of its own privacy policy and the statements it contains.

Apple also notes that the privacy policy’s link or text cannot be changed until the developer submits a new version of their app. It seems there’s still a bit of loophole here, though – if developers add a link pointing to an external webpage, they can change what the webpage says at any time after their app is approved.

The new policy will be required for all apps and app updates across the App Store as well as through the TestFlight testing platform as of October 3, says Apple.

What’s not clear is if Apple itself will be reviewing all the privacy policies themselves as part of this change, in order to reject apps with questionable data use policies or user protections. If it does, App Store review times could increase, unless the company hires more staff.

Apple has already taken a stance on apps it finds questionable, like Facebook’s data-sucking VPN app Onavo, which it kicked out of the App Store earlier this month. The app had been live for years, however, and its App Store text did disclose the data it collected was shared with Facebook. The fact that Apple only booted it now seems to indicate it will take a tougher stance on apps which are designed to collect user data as one of their primary functions going forward.

31 Aug 2018

Google and Mastercard reportedly partner to track offline purchases

According to a report from Bloomberg, Google and Mastercard have signed a secret deal so that Google could track retail sales using Mastercard transaction data. This is yet another proof that Google’s true customers are its advertising partners.

Online advertising have now overtaken all other advertising methods. Companies spend more on online ads than TV ads, newspaper ads and more.

And the reason why online ads have become so popular is that it’s much easier to track the effectiveness of your ad campaign. If you spend money on Google or Facebook ads, you can directly track the number of customers who end up on your online store because of your campaign. You can even see what they end up buying.

And yet, what if you see an online ad for a TV and then you buy a TV in store? Tech companies have tried for years to bridge the gap between online ads and offline sales. That’s why Google tracks your location all the time, even if you turn off location history. And that’s also why Google and Mastercard may have signed a deal.

According to Bloomberg, all Mastercard transaction data in the U.S. is encrypted and transmitted to Google. Google is paying Mastercard, and potentially other card networks, to access this information.

Google can’t see individual transactions. But the company can extract relevant information from this pile of data. For instance, it could match offline purchases with user profiles. And the company knows if a user clicked on an ad.

Advertisers can upload an email database to match up offline sales with Google profiles and ad clicks. Google sends them reports with total offline sales. Advertisers then see how much money they generated thanks to their online ad campaign.

It’s a good way to convince advertising clients that their campaign was effective. When those companies are thinking about their advertising budget, chances are they will end up spending more money on Google if they see that it leads to a lot sales.

This strategy shows once again that building an advertising business at scale requires some privacy concessions. It’s even more offensive that Google doesn’t talk about these deals more publicly. Users deserve to know what happens.

You can reportedly opt out of this Mastercard deal by turning off “Web and App Activity” in your Google account. But this setting is hard to find and encompasses a ton of stuff. Offline purchases are neither “web” nor “app” data for instance.

31 Aug 2018

Tesla’s drama, China-based companies are listing in the U.S., and SurveyMonkey is (finally) going public

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

This week, we were a man down, with the excellent Alex Wilhelm of Crunchbase News on a vacation that someone seems to have sanctioned, though it was not us, as we don’t believe in vacations. (Wilhelm, get back here.) We did, happily, have the very knowledgeable Kirsten Korosec of TechCrunch join us on the line; we were also joined by this week’s personable in-studio guest: Lauren Kolodny, a partner at the San Francisco-based, early-stage venture firm Aspect Ventures.

It was the perfect mix to talk about car makers and more car makers, including Tesla and CEO Elon Musk’s seemingly ill-planned plans to take the publicly traded company private, then vacillating a bit before changing his mind again, much to the chagrin of his board, the company’s shareholders, and poor Kirsten, who was trying to enjoy her evening last Friday when Musk decided (for now) to leave well enough alone and drop the whole cockamamie idea of switching out Tesla’s investor base.

We also talked about Toyota’s announcement this week that it’s sinking $500 million into Uber and forming an intriguing if confusing driverless-car pact in the process. And we lingered on Nio, a four-year-old, Shanghai-based electric car vehicle that, if it has its way, will begin trading on the New York Stock Exchange in roughly two weeks — even though it only made $7 million in the first half of this year and reported a net loss of $503 million. Who’s counting, though? Not U.S. investors, it hopes.

Speaking of IPOs, we knew we’d be remiss not to talk about the IPO filing this week of SurveyMonkey, a now 19-year-old, San Mateo, Ca., company that’s beloved by both personal and business users of its analytical tools and surveys, but which is still not making money, owing in part to expensive debt that the company is currently servicing (and will pay down using its IPO proceeds). Will public shareholders embrace the company, which was last valued at $2 billion during its last private round in 2014 but whose value has subsequently been marked down by fully 25 percent since by fund manager Fidelity? Stay tuned!

We did not get to our favorite topic of scooters, running out time to chat about this major development and also this one. Knowing how much we love to toot about les scoots, rest assured that they will back next week, as will we, so tune in again then!

Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast, Pocket Casts, Downcast and all the casts.

31 Aug 2018

Chat app Line hopes its own crypto token can solve its user growth problem

Line, the Japanese messaging app firm that’s best known for its cutesy characters and stickers, is pushing deeper into crypto after it launched its own token to help grow its stagnant user base.

Line went public two years ago with 218 million monthly active users, but it hasn’t been able to kick on. The company no longer gives out its worldwide user number, but the number of active users in its four biggest markets has fallen from 169 million in Q2 2017 to 164 million in its recent Q2 2018 period.

Link — Line’s token — isn’t being minted through an ICO, instead, it’ll be given out to Line users as an incentive for using certain services. Line hasn’t said exactly how it can be earned yet, although it is likely that it’ll be tied to specific activities to promote engagement.

Line plans to use Link to incentive user activity on its messaging app and other services

The token will be listed on Bitbox — Line’s crypto exchange — and it’ll be used it to buy content like stickers and webcomics, as well as other Line services. It’ll also be possible to use Link to get a lower commission rate on trading in the same way that Binance, the world’s largest exchange, uses its BNB token.

Line currently has a virtual currency for its in-app content and services, and you’d imagine that Link will replace it in the future.

It’s worth noting, however, that Link hasn’t launched in Japan yet. That’s because Line is awaiting regulatory approval for its token and exchange, so, for now, those in Japan — which is Line’s largest market — will earn virtual tokens which can be traded for Link in the future.

Line is struggling to grow its user numbers

Link will launch next month, and it follows the announcement of BitBox in July and the launch of a dedicated crypto fund in early August.

Line has dodged the legal questions around token sales by not holding an ICO, and the fact it is using the currency to incentivize user engagement and activity isn’t a huge surprise. Line went public in a dual U.S-Japan IPO that raised over $1 billion in 2016 but, despite user numbers declining, it has grown its revenue through additional services.

Increased competition from the likes of Facebook Messenger and WhatsApp is likely its biggest threat, so incentivizing users is a logical strategy. Of course, that depends on how useful Link becomes. If users can exchange it for a decent amount of cash or credits inside Line’s platform it may gain appeal, but if they just pick up trivial amounts, it may be less interesting to them. The bigger picture will be when Link replaces Line’s virtual currency for all purchases but that alone isn’t likely to boost user engagement.

Despite declining user numbers, Line has grown revenue by pushing out services that connect to its messaging platform.

Line also plans to use Link — and the blockchain it has developed to power it — to host decentralized applications (dapps) that will connect to its messaging platform. The company already does a lot more than messaging — for example payments, ride-hailing, music and videos — and it plans to tap third-party developers to build dapps. Generally, though, dapps haven’t taken off. The collectibles game Cryptokitties did blow up late last year, but studies have suggested user activity is massively down this year as the fad has slowly worn off.

Crypto enthusiasts will no doubt take positives from Line’s latest move — it is arguably the largest company to embrace crypto, in terms of end-user audience reach — but it remains to be seen whether Link and its dapps platform can help it crack its user growth and retention issues.

“Over the last seven years, Line was able to grow into a global service because of our users, and now with Link, we wanted to build a user-friendly reward system that gives back to our users. With Link, we would like to continue developing as a user participation-based platform, one that rewards and shares added value through the introduction of easy-to-use dapps for people’s daily lives,” said Line CEO Takeshi Idezawa in a statement.

Unlike Bitcoin, which is mined, Line has minted a total of one billion Link tokens which it said will be “gradually issued according to how this ecosystem develops.” The company plans to keep 200 million tokens, with the remaining 800 million made available as user rewards.

Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.