Daily Archives: May 1, 2014

Tim Bradshaw

Snapchat’s best feature is not disappearing messages: it’s simplicity. Sending a picture message to a friend takes just five taps of a smartphone screen, including one to open the app. This immediacy is a big part of what makes the pictures feel more personal and fun than more traditional messaging apps.

Now, in the biggest changes the young start-up has yet made to its app, Snapchat is adding text messaging and video chat to the ephemeral photos that made it famous. 

Fridges that talk, watches that listen and thermostats that learn your secret domestic habits: these are some of the most visible examples of the so-called “internet of things” (or “IoT” for aficionados).

Cisco, the global computing hardware group, is a big supporter of IoT. It announced yesterday that it was increasing its investment in early-stage companies in the sector to $250m over two to three years, up from the $100m it announced in January. It also unveiled three minority investments: in the enterprise start-up accelerator Alchemist Accelerator, as well two IoT software start-ups, Ayla Networks and Evrythng

Tim Bradshaw

What a difference a month makes. When Box filed to go public in late March, hot tech stocks such as Google, Facebook and Tesla were trading at close to their all-time highs.

Now, the cloud storage company’s timing looks a little less fortuitous. A month after the “tech rout” began, the financial markets don’t look quite so welcoming to a fast-growing but heavily loss-making new listing, however ‘sexy’ its enterprise technology might be.