US cities Seattle and Portland are set to get ‘smarter’ following the launch of a free app which allows users to search for on-demand rides. It will be formally introduced after the completion of a successful three-month test period. The application which is entitled Migo, is basically a search engine that allows users to search, compare and hail multiple type of ride-hailing transportation like Uber, Lyft, Car2Go and Seattle Yellow Cab, without engaging in the time consuming process of jumping…
Facebook announced that it’s taking an additional step to reduce false news and hoaxes on its platform, by disallowing companies to advertize if they repeatedly share stories marked as false. This ads to Facebook’s current policy of disallowing advertisers to run ads that link to stories that have been marked as false by third-party fact-checking organizations. The update, according to a blog post by the social media giant, will help to reduce the distribution of false news which will keep…

Uber reports bookings increase and revenue jump

Written on Sunday, 03 September 2017 06:00
Uber reported an increase in bookings and revenue jump on August 23. The California-based ride-sharing company reduced its losses by 14 percent in Q2 compared to the same period the previous year. The company posted a net loss of $645 million on revenue of $1.75 billion, compared to revenue of $800 million the same period last year. Global trips increased 150 percent from the previous year, the company said, while gross bookings reached $8.7 billion, up 17 percent which is…
E-commerce giant Amazon has launched ‘Instant Pickup’ in the US – a free service where goods purchased online can be picked up by consumers from select locations within two minutes or less, instead of waiting hours for an item to be delivered, in the company’s latest move into brick-and-mortar retail. “As shopping behaviors continue to evolve, customers consistently tell us that they want items even faster,” said Ripley MacDonald, Director, Student Programs, Amazon. “Whether it’s a snack on-the-go, replacing a…
Facebook launched its ‘Marketplace’ feature in October last year – a place where users can trade and sell goods to one another without leaving the social media platform. The feature is now expanding to 17 countries across Europe, having already launched in the US, Australia, Canada, Chile, Mexico, New Zealand and the UK. Marketplace will be introduced to Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden and Switzerland. Facebook said…

Snap Inc. disappoints again with dismal quarterly results

Written on Monday, 14 August 2017 11:17
The parent company of the app Snapchat posted Q2 results on August 10 that disappointed investors. The company went public with an IPO in March last year, and reported sluggish user growth two months later in May. One year on, Snap reported net losses of $443 million, compared to $115.9 million in 2016. Snap generated revenue of $181.7 million during its second quarter for 2017, which ended on June 30, compared to $71.8 million during the same period last year.…
Facebook introduced a new platform for TV shows on August 9 called ‘Watch’. The platform will be available initially to a limited group in the United States on Facebook’s app, website, and television apps, the company said. Programming for the platform will range from professional women’s basketball to a safari show and parenting program. “Watch is personalized to help you discover new shows, organized around what your friends and communities are watching,” Facebook said in a release. For example, users…
Uber has come under fire in Spain by Madrid authorities that have asked the anti-trust watchdog to investigate whether the ride-hailing app’s new cheap airport transfer service has broken competition rules, Reuters reported. The competition regulator, CNMC, last year called for the government to lift a ban on Uber. But the app’s new Uber Airport service has brought Uber back under scrutiny, since it offers a tariff of 15-19 euros for a ride between Madrid’s Barajas international airport and the…
Samsung Electronics announced an expanded strategic partnership with PayPal, adding PayPal as a payment method within Samsung Pay wherever Samsung Pay is accepted – in-app, online and in-store. Access to PayPal will be available for all Samsung Pay users in the United States and will expand to other countries soon. Additionally, through Braintree, a PayPal service, merchants will be able to accept Samsung Pay as a method of payment in-app and online. Customers will be able to use their Samsung…
Chinese messaging app WeChat has reached an agreement with European (Dutch) operator KPN to launch a new European countries roaming SIM card for Chinese tourists travelling to Europe. “WeChat GO SIM card” is the first 4G prepaid SIM for tourists officially launched in cooperation with a European operator which has exclusive privilege for WeChat users. “WeChat GO” is an outbound tourism project of WeChat – a product of Tencent, China’s largest internet services provider and one of the most popular…
Russian messaging service Telegram has declared it will block terrorist-related channels after Indonesia’s government threatened to completely block the service expressing concerns that the app had become a breeding ground for terrorist content sharing. Telegram’s web version was blocked by the Ministry of Communication and IT on July 14. The Ministry threatened to completely block access to Telegram’s app as well if it didn’t do more to combat terror groups. The app has been used to promote radicalism, Jakarta claimed,…
UAE ride-hailing services company Careem has invested $500,000 in a start-up entity which focuses on connecting commuters with private buses in the Egyptian capital city of Cairo. Careem, which is seen as Middle East rival to global ride-hailing colossus Uber, acquired the minority stake in SWVL after weeks of negotiations. It has also been disclosed that in addition to the investment, CEO and co-founder of Careem, Magnus Olsson will also join the board of SWVL. SWVL is only three-months old,…
Page 3 of 10