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Technology
Coworking and flexible office space has become a hot business in the last few years, as attested by the rise and rise of WeWork. Startups and entrepreneurs needed flexible working space that could flex up and down as their companies changed. The days of signing a 5-year lease were very, very over. But others have arrived in this office space arena. In the US, the company beginning to breathe down the neck of WeWork is Knotel, which last year raised a Series A round of $25 million, then another round of $70m, and then another $5m in debt (not previously announced). It now claims it has one million square feet in NYC versus WeWorkfour million, achieved in the last 2 years.
Itnow pushing out internationally, with the acquisition today of Ahoy!Berlin, a workspace operator in Berlin, Germany. The deal follows Knotelexpansion in Europe & first in London, in the first quarter of 2018.
Amol Sarva, co-founder and CEO of Knotel said in a statement: &Many innovative CEOs have been making Berlin their HQ. Now they have the first of many agile offices to locate and achieve their ambitions.&
Ahoy is in Berlinhistoric Mitte district and has clients such as Daimler-backed Fleetboard Innovation Hub, and Bringmeister, an online food and home delivery service.
Ahoy was co-founded in 2012 by Nikita Roshkow and Nikolas Woischnik, who previously launched the entrepreneurship community TechBerlin. Woischnik also cofounded the 20,000 person tech event Tech Open Air Berlin, on this week.
&We&re thrilled to join up with Knotel and expand deeper in Berlin and beyond,& said Roshkow. &What they&ve achieved in a short period, combined with our local expertise, is a signal for growth.&
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Read more: In a push into Europe, WeWork competitor Knotel acquires Ahoy!Berlin
Write comment (93 Comments)Mobile app subscriptions are a big business, but consumers sometimes hesitate to sign up because pausing and cancelling existing subscriptions hasn&t been as easy as opting in. Google is now addressing those concerns with the official launch of its subscription center for Android users. The new feature centralizes all your Google Play subscriptions, and offers a way for you to find others you might like to try.
The feature was first introduced at GoogleI/O developer conference in May, and recently rolled out to Android users, the company says. However, Google hadn&t formally announced its arrival until today.
Access to the subscriptions center only takes one tap & the link is directly available from the &hamburger& menu in the Play Store app.
Applepage for subscription management, by comparison, is far more tucked away.
On iOS, you have to tap on your profile icon in the App Store app, then tap on your name. This already seem unintuitive & especially considering that a link to &Purchases& is on this Account screen. Why wouldn&t Subscriptions be here, too But instead, you have to go to the next screen, then scroll down to near the bottom to find &Subscriptions& and tap that. To turn any individual subscription off, you have to go to its own page, scroll to the bottom and tap &Cancel.&
This process should be more streamlined for iOS users.
In Google PlaySubscriptions center, you can view all your existing subscriptions, cancel them, renew them, or even restore those you had previously cancelled & perfect for turning HBO NOW back on when &Game of Thrones& returns, for example.
You can also manage and update your payment methods, and set up a backup method.
Making it just as easy for consumers to get out of their subscriptions as it is to sign up is a good business practice, and could boost subscription sign-ups overall, which benefits developers. When consumers aren&t afraid they&ll forget or not be able to find the cancellation options later on, they&re more likely to give subscriptions a try.
In addition, developers can now create deep links to their subscriptions which they can distribute across the web, email, and social media. This makes it easier to direct people to their appsubscription management page directly. When users cancel, developers can also trigger a survey to find out why & and possibly tweak their product offerings a result of this user feedback.
Therealso a new subscription discovery section that will help Android users find subscription-based apps through both curated and localized collections, Google notes.
These additional features, along with a good handful of subscription management tools for developers, were all previously announced at I/O but weren&t in their final state at the time. Google had cautioned that it may tweak the look-and-feel of the product between the developer event and the public launch, but it looks the same as what was shown before & right down to the demo subscription apps.
Subscriptions are rapidly becoming a top way for developers to generate revenue for their applications. Google says subscribers are growing at more than 80 percent year-over-year. Sensor Tower also reported that app revenue grew 35 percent to $60 billion in 2017, in part thanks to the growth in subscriptions.
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Read more: Google Play now makes it easier to manage your subscriptions
Write comment (100 Comments)Instagram meteoric rise continues, dwarfing the stagnant growth rates of Snapchat and Facebook. Today Instagram announced that it has reached 1 billion monthly active users, after passing 800 million in September 2017 with 500 million daily users.
That massive audience could be a powerful draw for IGTV, the longer-form video hub itlaunching for creators today. While IGTV monetization options are expected in the future, content makers may flock to it early just to get exposure and build their fan base.
While Snapchatdaily user count grew just 2.13 percent in Q1 2018 to 191 million, and Facebookmonthly count grew 3.14 percent to reach 2.196 billion, Instagram is growing closer to 5 percent per quarter.
Hitting the 1 billion user milestone could put pressure on Instagram to carry its weight in the Facebook family and bring home more cash. Facebook doesn&t break out Instagramrevenue and has never given any guidance about it. But eMarketer estimates that Instagram will generate $5.48 billion in U.S. ad revenue in 2018, up 70 percent from last year. It reports that Instagram makes up 28.2 pecent of Facebookmobile ad revenue.
IGTV could open even more premium mobile ad inventory that traditional television advertisers crave, which helped push Facebookshare price up more that 2.2 precent to $202.
The Instagram brand increasingly looks like Facebooklife raft. Sentiment toward Facebook, especially amongst teens, has been in decline, and itconstantly rocked by privacy scandals. But many users don&t even realize Facebook owns Instagram, and still love the photo-sharing app. With the 1 billion user badge, businesses and content creators may take the photo and video app even more seriously. Selling windows into your friends& worlds is a lucrative business.
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Read more: Instagram hits 1 billion monthly users, up from 800M in September
Write comment (95 Comments)Sesame Workshop, the nonprofit organization behind beloved public television series Sesame Street, will be creating childrenTV programs for Apple .
The partnership will involve multiple shows, including live action and animated series, as well as a show with puppets. The deal does not include Sesame Street.
I&m guessing that many (most all) of you watched Sesame Street on the public TV network PBS, where it still airs — but in 2015, Sesame Workshop made a five-year dealwhere episodes are broadcast on HBO months before they make it to PBS.
Apple, meanwhile, continues to make one big content deal after another — just this week, it placed a series order for Little America, an anthology show about immigrants from Big Sick writers Kumail Nanjiani and Emily V. Gordon, as well as Office producer Lee Eisenberg and Master of None producer Alan Yang.
Unless you count unscripted efforts like Carpool Karaoke and Planet of the Apps, none of these announced shows have actually launched yet. Apple reportedly plans to launch the first wave of its original content initiative in March of next year, presumably as part of a new subscription streaming service.
And while italso been reported that Apple is focused on funding family-friendly shows (as opposed to the edgier fare that you might find on Netflix or HBO), this is time itannounced programming created specifically for kids.
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Read more: Sesame Workshop will produce children’s shows for Apple
Write comment (100 Comments)Instagram is ready to compete head-on with YouTube. Today at a flashy event in San Francisco, the company announced it will begin allowing users to upload videos up to one hour in length, up from the previous one-minute limit. And to house the new longer-form videos from content creators and the general public, Instagram is launching IGTV. Accessible from a button inside the Instagram homescreen, as well as a standalone app, IGTV will spotlight popular videos from Instagram celebrities.
The launch confirms TechCrunchscoops over the past month outlining the features and potential of IGTVthat we said would arrive today, following the WSJreport that Instagram would offer videos up to an hour in length.
&Ittime for video to move forward, and evolve,& said Instagram CEO Kevin Systrom onstage at the event. &IGTV is for watching long-from videos from your favorite creators.& Just before he took the stage, Instagrambusiness blog outed details of IGTV.
Kevin Systrom onstage at the IGTV launch
How IGTV Works
IGTV will let anyone be a creator, not just big-name celebrities. People will be able to upload vertical videos through Instagramapp or the web. Everyone except smaller and new accounts will be able to upload hour-long videos immediately, with that option expanding to everyone eventually.
The IGTV app will be available globally on iOS and Android sometime today, as well as in the Instagram app through a TV shaped button above Stories. &We made it a dedicated app so you can tap on it and enjoy video without all the distraction,& Systrom explained.
In IGTVdedicated app or its in-Instagram experience, viewers will be able to swipe through a variety of longer-form videos, or swipe up to visit a Browse tab of personally recommended videos, popular videos, creators they&re following and the option to continue watching previously started videos. Users will also get callouts from the IGTV button alerting them to new content.
IGTV will also let creators develop Instagram Channels full of their different videos that people can subscribe to. Creators will be able to put links in the description of their videos to drive traffic elsewhere.
No Commercials In IGTV…Yet
&Thereno ads in IGTV today,& says Systrom, but he says it&obviously a very reasonable place [for ads] to end up.& He explained that since creators are investing a lot of time into IGTV videos, he wants to make that sustainable by offering them a way to monetize in the future. Instagram isn&t paying any creators directly for IGTV videos either, like Facebook did to jump-start its flopped Facebook Watch video hub.
With 1 billion users on Instagram, IGTV could be popular with creators not only trying to earn money but grow their audience. Instagram is expected to build out a monetization option for IGTV creators, potentially including ad revenue shares. The big user base could also attract advertisers. eMarketer already expects Instagram to earn $5.48 billion in U.S. ad revenue in 2018. Facebook shareholders loved the sound of more premium ad inventory that businesses crave as they shift spend away from television. Facebookshare price is up over 2.2 percent today to nearly $202.
Instagram has evolved far beyond the initial simplicity of just filtering and sharing photos. When it launched, mobile networks, screens and cameras weren&t ready for longer-form video, and neither were users. As more families cut the cord or teens ignore television altogether, though, Instagram has an opportunity to become the TV of mobile. YouTube may always have a wider breadth of content, but through curation of creators and publishers& video content, Instagram could become the reliable place to watch something great on the small screen.
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Read more: Instagram releases IGTV app for creators, 1-hour video uploads
Write comment (98 Comments)Tesla is suing a former employee for $1 million, alleging the man hacked the companyconfidential and trade secret information and transferred that information to third parties, according to court documents. The lawsuit also claims the employee leaked false information to the media.
The lawsuit against the former process technician Martin Tripp was filed Wednesday in Nevada. Tesla declined to comment on the lawsuit,which was first reported by CNBC.
The lawsuit only lists the legal team representing Tesla. Efforts to reach Tripp have so far been unsuccessful.
Tesla CEO Elon Musk has made allegations of sabotage and filed lawsuits against former employees claiming theft before, at least one of which was dropped after the parties reached an agreement and no wrongdoing was discovered. Earlier this week, Musk sent an email, which CNBC first reported on, about a factory fire and referenced possible sabotage. Another email from Musk alleged that he had discovered a saboteur at the company.
Two years ago, an investigation into possible sabotage was launched at Muskother company, SpaceX, after a rocket exploded while being fueled up.
And in Muskview, sabotage is a forever looming and real threat.
Musk tweeted Wednesday that &there is more,& referring to sabotage at the company. &There is more, but the actions of a few bad apples will not stop Tesla from reaching its goals,& he tweeted. &With 40,000 people, the worst 1 in 1000 will have issues. Thatstill ~ 40 people.&
According to the lawsuit, Tesla has only begun to understand the full scope of Trippillegal activity. The lawsuit claims Tripp has &admitted to writing software that hacked Teslamanufacturing operating system (&MOS&) and to transferring several gigabytes of Tesla data to outside entities.&
The confidential data includes &dozens& of photographs and a video of Teslamanufacturing systems. Tesla alleges that Tripp wrote computer code toperiodically export Tesladata off its network and into the hands of third parties. And the lawsuit says Tripp made false claims to the media about the information he stole.
&For example, Tripp claimed that punctured battery cells had been used in certain Model 3 vehicles even though no punctured cells were ever used in vehicles, batteries or otherwise,& Tesla claims in the lawsuit. &Tripp also vastly exaggerated the true amount and value of ‘scrap& material that Tesla generated during the manufacturing process, and falsely claimed that Tesla was delayed in bringing new manufacturing equipment online.&
Tesla appears to be referring to a Business Insider storyon June 4 about internal documents showing thecompany expects that as much as 40 percent of the raw materials used in battery and driving unit production would need to be scrapped or reworked.
Tesla claims that Tripp, who was hired in October 2017 at the companymassive battery factory near Reno, committed these acts out of retaliation for being reassigned to a different job.
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Read more: Tesla takes legal action against previous employee for $1 million over trade secret theft
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