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The damaging fall-out from emails leaked after the Sony Pictures cyber attack has spread to the technology industry, with details of Snapchat‘s business plan exposed in messages reported to be found in the inbox of Michael Lynton, Sony Entertainment CEO and Snapchat board member.
Munich-based carpooling is launching today in the US with an app that lets drivers offer spare seats to passengers for rides. The model has proven a hit in Europe, with multiple start-ups in the same field, but it has not taken off in the US, where cities are further apart and public transit within most cities fairly meager. Blablacar, carpooling’s French rival, told the Financial Times last week that it would not launch in the US. Read more
On Friday we reported that the European parliament is threatening to break up Google. More precisely, it is likely to approve a draft motion calling for the European Commission to consider the “unbundling” of search engines from other commercial services as one possible solution to Google’s dominance.
But would this even work in practice? The short answer is, it’s not clear.
The German MEP Andreas Schwab, a long-time Google critic who is sponsoring the draft motion, told the FT that the practicalities had still to be looked at. Read more
Is it too early to make forecasts for 2015? Not for CCS Insight, a UK-based technology research firm, which is already confidently predicting that a major internet player will buy Netflix, and Vodafone will buy Sky, by the end of next year.
“All Web players are looking for a stronger presence in paid-for video, something Netflix has achieved with remarkable success… Yahoo, Alibaba and Google are potential suitors,” CCS says in an upcoming report. If Google does not buy Netflix, it will launch its own video streaming service in 2015, it predicts.
Further bold/foolhardy predictions below. Read more
“Project Beyond” is an ambitious concept that looks a little like it belongs on top of a Google Street View car. Sixteen small cameras point out from a frisbee-sized disk, with another on the top. It can capture 3D, 360-degree video that can be streamed live to a VR headset, allowing the wearer to look around as if they were standing wherever the camera is placed. Read more
Daniel Ek, Spotify’s chief executive, has responded to her move by publishing a 1,800 word essay that defends the company’s business model and reveals some fascinating numbers about its growth. Read more
The new product, called The Economist Espresso, will be available from Friday via smartphone apps and email. It takes the form of a daily briefing that is designed to be read in a few minutes each morning, and is part of a drive to expand The Economist’s digital audience following the first circulation decline in more than a decade. Read more
As Apple readies its Watch, Jawbone is aiming for “the other wrist” with the latest update to its Up fitness tracker.
Rather than challenge the iPhone maker’s forthcoming smartwatch head on, Jawbone’s new Up3 wristband is smaller than its predecessor, packed with more sensors including heart-rate and skin temperature detectors, and costs almost half the price of Apple Watch. Read more
The deal with Warner Music will allow SoundCloud, which was valued at around $700m earlier this year, to unlock new sources of revenue through advertising and subscriptions. Read more
Faddish mobile apps and instant 20-something billionaires have become the public face of Silicon Valley’s latest boom. But some in the tech industry have ambitious ideas that could have a far more profound impact on the world.
In the latest Weekend FT magazine, we report on some of the ideas that will shape the future. Also: our take on life on the front lines of the tech boom, including what it’s really like to run a start-up (hint: it’s not all stock options and free food).
Spanish bank BBVA has struck up a partnership with payments start-up Dwolla as the Spanish group continues trying to figure out how to integrate new digital technology into its core banking business.
The number of California residents whose personal data was stolen by hackers jumped six-fold between 2012 and last year, with nearly half of California’s residents affected by one of the year’s many data breaches, according to a new report by the state’s attorney general.
The two media groups have paid a combined €3m to acquire a 23 per cent stake in Blendle, which was founded last year and styles itself as the “iTunes for journalism”.
Blendle was launched in the Netherlands in April and sells individual articles from a number of newspapers and magazines to internet users through its website and app. On average an article costs 20 cents. The pricing per article is set by the publishers and revenues are split 70:30 between the publisher and Blendle. If a reader doesn’t like an article, they can ask for a refund. Read more
London’s burgeoning fintech scene is about to get a bit bigger as a US start-up with a board of former Wall Street chief executives starts expanding internationally.
Orchard, a online direct lending platform, just raised $12m in venture funding with plans to open an office in London to tap into the UK’s growing demand, and government support, for direct lending.
But Mr Wren’s message on Tuesday may be cold comfort to network executives who are seeing digital outlets grab more money once firmly earmarked for broadcast and cable.
“I believe that trend will continue. I don’t think TV’s dead,” Mr Wren told investors on Omnicom’s earnings call on Tuesday. He is the latest industry executive to acknowledge that the digital ad business is getting a boost from the proliferation of online content and from the valuable targeting data held by companies like Facebook. Read more
The Silicon Valley crowd loves Nest’s $250 thermostats and $99 smoke alarms. But while its $3.2bn acquisition by Google confirmed Nest as a defining company of the smart home, for many its designer appliances might seem a little on the pricey side.