Magic Leap is the gift that keeps on giving. The company has been working for years on augmented reality technologies and raised a gigantic pile of cash on the way. German media company Axel Springer is announcing today that it is investing an undisclosed amount in Magic Leap. The German company is taking a stake in Magic Leap through its Axel Springer Digital Ventures division. In its… Read More
12
Feb
2018
Axel Springer is investing in Magic Leap for some reason
Magic Leap is the gift that keeps on giving. The company has been working for years on augmented reality technologies and raised a gigantic pile of cash on the way. German media company Axel Springer is announcing today that it is investing an undisclosed amount in Magic Leap. The German company is taking a stake in Magic Leap through its Axel Springer Digital Ventures division. In its… Read More
Burrow, the U.K. startup founded by ex-VC Pradeep Raman and backed by Passion Capital, is shutting down its online mortgage brokerage service, TechCrunch has learned. The move is the result of a change in strategy as the nascent company pivots to a B2B model, offering software tools to lenders, mortgage networks and brokers. 
On the heels of LimeBike’s expansion into e-bikes, as well as competitor Spin’s expansion into Razor-like electric scooters, LimeBike is unveiling its own take on e-scooters. LimeBike is also officially deploying its e-bikes in Seattle. “This is an exciting and competitive landscape,” LimeBike CEO Toby Sun told TechCrunch. “What you are beginning to see is that… 
Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm, the dominant e-commerce player in its country, gobbled up a 15 percent stake in Beijing Easyhome Furnishing for RMB 5.45 billion, or around $867 million, and pumped $486… 
You probably know Chamillionaire from the song “Ridin,'” but did you know the Grammy Award winner is also a successful startup investor? He has had several favorable outcomes, including Cruise, which sold to General Motors and Maker Studios, which was bought by Disney. Now he’s trying his hand at a startup of his own. If you’re a Chamillionaire superfan, you may already… 
Instagram is testing a feature that will show users when someone else takes a screenshot of their story. Users included in the test are getting a warning that the next time they take a screenshot of a friend’s story the friend will be able to see it, as shown below: Good bye freedom to screenshot IG stories. Thank you, Instagram for the warning. pic.twitter.com/y0pEaVR0Jq —… 
A small group of advertising industry insiders have developed a novel campaign for this years’ ad awards season — nominating Russia’s misinformation and manipulation efforts for an award. According to a report in The New Yorker, these ad insiders have already put the case study they made for Russia’s election interference — “ProjectMeddle.com” —… 
The Trump administration is planning to privatize the international space station instead of simply decommissioning the orbiting international experiment in 2024, according to a report in The Washington Post. According to a document obtained by the Post, the current administration is mulling handing the International Space Station off to private industry instead of de-orbiting it as…