One of the early investors in payment processing start-up Stripe is upping its investment. Not in the company itself, valued earlier this year at near $2bn, but in the ecosystem of other start-ups that is slowly coalescing around it.
General Catalyst, an early investor in Stripe, is putting up $10m fund to invest in start-ups that offer services, like analytics or other business analysis tools, tied to the company’s Stripe Connect platform. Read more
Google has mocked News Corp for this anti-EU headline in the Sun
Google has responded to criticism from Rupert Murdoch’s News Corp that it is dominant, anti-competitive and bad for media companies. So where are the key battle lines, and how convincing are Google’s arguments?
Point 1: How dominant is Google?
News Corp said: “[Google’s] power increases with each passing day”. Read more
Apple’s latest iPhone has been has been hailed as the thinnest and biggest mobile device it has created yet. But those qualities may have created an unexpected problem: the gadget may have a tendency to “bend”.
Lewis Hilsenteger of product review site Unbox Therapy has published a video that has gone viral (over 3m views and counting), in which he conducted a not-so-scientific “bend test” on the phone. Using his hands to apply pressure on the back of the device while pulling the edges back, he found that the device was warped.
“Will this happen in your front pocket?” asked Mr Hilsenteger. “That probably depends on how tight your pants are.”
Ray Ozzie, the man who once filled Bill Gates’ very big shoes as chief software architect at Microsoft, is back.
His latest start-up – a voice-powered collaboration tool for workers – looks like a not-so-subtle snub of his former employer. It is, he says, what Skype (now owned by Microsoft) might have become, had it not given up on “innovation in depth”. Read more
The virtual-reality creations on show at this weekend’s Oculus Connect event were as varied as they were bizarre.
Some 800 overwhelmingly male developers gathered at the upmarket Loews Hotel in Hollywood to attend presentations ranging from game design to “360-degree filmmaking”. A session dedicated to the Gear VR, Oculus’s collaboration with Samsung to launch a mobile VR headset later this year, was particularly busy.
Outside the talks, developers lined up to try Oculus’s new Crescent Bay prototype device and showed off their own VR software – just some of the 325 games uploaded to Oculus Share, its version of an app store. Read more
Oculus is closing in on the consumer release of its Rift virtual reality headset, accelerated by a huge hiring spree since its sale to Facebook in March.
It showed off its new ‘Crescent Bay’ prototype at the Oculus Connect developer conference in Los Angeles on Saturday. Read more
The stock market had never seen an IPO like it. At $25bn, assuming the expected high demand leads the underwriters to sell the maximum of shares available, Alibaba’s launch on the New York Stock Exchange on Friday looked set to be the biggest stock sale ever. Jack Ma, the Chinese ecommerce company’s charismatic founder, was on hand for the celebration at the New York Stock Exchange as China’s richest man became 38 per cent richer. FT reporters Sarah Mishkin, Hannah Kuchler, Eric Platt and Sujeet Indap reported it as it happened.
After weeks of hype, Apple’s big day is finally here: the iPhone 6 goes on sale in the US, UK, Hong Kong and other key markets (though not China) on Friday.
As ever, the Apple faithful are lining up outside its stores, after supplies of its supersized iPhone 6 Plus were exhausted in online preorders within a matter of hours last week. Most analysts predict pent-up demand for upgrades will push iPhone sales to a new record.
“Big” is the operative word all round. Apple has lent the FT both of the new iPhones and, after an evening playing with both devices, one conclusion feels obvious: the iPhone 6 Plus is just too big. Read more
© Photo: Getty
If Google Glass didn’t exist, guys in Silicon Valley would be having affairs or buying unsuitable motorbikes – or so claim the “White Men Wearing Google Glass” Tumblr and Twitter feeds, which mock the device’s associations with unfashionable male geekery.
Now Google’s flagship wearable is a step closer to shedding its unflattering image: high-end online fashion sites Net-a-Porter and Mr Porter have started selling Glass to UK shoppers, the first third-party retailers to do so. Read more
Don’t let anyone tell you that size doesn’t matter.
The first reviews are in for the latest iPhones and if there is one common obsession, it’s the undeniable fact that these are the largest iPhones Apple has ever made.
Here are a few highlights from reviewers’ first takes of the iPhone 6 and the supersized iPhone 6 Plus. (No sniggering at the back.) Read more
Payments start-up Square is raising at least $100m in a funding round that valued the group at $6bn, up from a $5bn valuation earlier this year, according to a new company filing.
The design of Apple’s Watch draws on the heritage of the iPod and iPhone but wears its history lightly. Read more
Expectations are high as Apple prepares for its biggest event since the launch of the iPad four years ago. At the Flint Center in its Cupertino backyard, Apple is expected to unveil not just new iPhones but a push into payments and wearable devices. Tim Bradshaw and Richard Waters bring live updates from the event, with input and insights from other FT reporters around the world.
Will the expected launch of a new iPhone later today – and perhaps an “iWatch” – give a boost to Apple’s share price or trigger a decline? Read more
Which is better value: Netflix or the BBC?
Some TV viewers – especially younger ones – seem to think the answer is Netflix. It has cool new shows, including House of Cards and Orange is the New Black. And a subscription costs UK viewers roughly half as much as the BBC – £6.99 a month, compared to the BBC’s licence fee, which works out at £12 a month.
But the BBC wants to knock down the Netflix-mania, at least when it comes to drama. Read more
Paypal will soon start to enable merchants on its payments processing network to accept bitcoin, a sign of the growing acceptance and maturation of the volatile digital currency sometimes derided as magic internet money.