It may not be the biggest Microsoft story around today, but it’s a big deal for Foursquare: Microsoft is investing $15m in the social-location app as part of a new four-year commercial partnership.
The $15m investment comes in addition to the $35m that Foursquare raised in December last year from DFJ Growth and Capital Group. The app lets users share their location with friends by “checking in” and then recommends new places based on where they’ve been in the past.
Although uptake hasn’t quite lived up to the hype when it launched in 2009, it has collected a lot of data since then: 5bn check-ins, 60m places and 40m tips, all crowdsourced from some 45m users. Read more
Microsoft has ended its search for a new CEO. Now comes the hard part: shrugging off the PC past and grabbing a lead in the growth markets of mobile and cloud computing.
These are the four main issues Satya Nadella will have to deal with if he is to have a chance of making Microsoft as relevant to the tech industry’s future as it was to the past. Read more
Arm’s share-price surge on the crest of a smartphone wave over the past five years has been impressive, but the UK chip designer is now suffering and in search of a fresh sea change in technology. Read more
“A million dollars isn’t cool. Do you know what’s cool? A billion dollars.” So early Facebook investor Sean Parker’s character said to a young Mark Zuckerberg in the film The Social Network.
Ten years on, the founder and chief executive of Facebook may have a new answer to what’s cool: a $150bn market capitalisation, almost $8bn in revenue and personal wealth estimated at $30bn. Read more
Friday’s Personal Tech column reviewed the Narrative Clip, a small wearable camera that takes a photo every 30 seconds. Although it is a well-made product, I encountered some difficulties with the privacy aspects of wearing such a device, and felt that the images it produced were not worth the social awkwardness that it created.
Narrative’s co-founders are a thoughtful bunch and Oskar Kalmaru, the start-up’s chief marketing officer, sent the FT these comments in response: Read more
A British tech entrepreneur has had his vision backed by a further $20.7m of US money, writes Andrew Bounds. Dan Wagner’s Powa group is developing a “revolutionary” ecommerce system that will allow customers to buy and order a product by photographing it with a smartphone.
PowaTag has attracted $96.5m in total, mainly from Boston-based fund Wellington Management, for around a quarter of the business. Read more
Like any widely hyped online phenomenon, Moocs – massive open online courses – are facing a reality-test.
Hardly anyone who starts one of the online courses actually finishes it. But even if the formula is being rethought, the potential impact on education hasn’t diminished. Read more
Apple speculators, take a breath.
Executives from the iPhone maker, including its head of operations, met with officials from the US Food and Drug Administration last month, public records show, to discuss “medical applications”.
What could they possibly have been discussing? Read more