Wednesday, May 25, 2016

Top Stories of the Day // May 25, 2016

Uber and Toyota confirm strategic investment and auto leasing deal | Reddit’s head of community leaves after nine months | 24 more characters, for better and worse | Money transfer company TransferWise raises further $26M at $1.1B valuation | Xiaomi unveils its first drone — and it costs just $450 for a 4K video model | Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge | E Ink brings rich color to ePaper, but not to e-readers |
DAILY
WEDNESDAY, MAY 25 2016 TODAY'S TOP STORIES:
TOP HEADLINE | Sarah Buhr

Uber and Toyota confirm strategic investment and auto leasing deal

Rideshare wars just got even more interesting. Uber has confirmed a strategic investment and auto leasing deal from Toyota. “Toyota is a global leader in... Read More…
Megan Rose Dickey

Reddit’s head of community leaves after nine months

About nine months after taking on the role of head of community management at Reddit, Kristine Fasnacht (u/krispykrackers) has left the company. In a post... Read More…
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Josh Constine

24 more characters, for better and worse

Today Twitter redefined its laws of physics. But while it’s posed as a simplification of the 140-character rule, the change will reshape information... Read More…
CATCH UP WITH CRUNCH REPORT

Twitter Changes 140 Character Limit

Twitter is changing its 140 character limit, VW is investing 300 million dollars into Uber Rival Gett, King Bach launches app Bachify, Twilio launches a sim based service, Toyota makes a strategic investment in Uber Watch Now
Steve O'Hear

Money transfer company TransferWise raises further $26M at $1.1B valuation

After months of rumours, TransferWise, the London headquartered money transfer startup and fintech darling, has confirmed that it has raised a further round of... Read More…
Jon Russell

Xiaomi unveils its first drone — and it costs just $450 for a 4K video model

Chinese smartphone maker Xiaomi officially unveiled its first drone today, ending a week of teasers about it, and the low price of the product might bring some... Read More…
Ingrid Lunden

Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge

Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the... Read More…
Devin Coldewey

E Ink brings rich color to ePaper, but not to e-readers

E Ink, maker of the ePaper displays found in many e-readers (maddening to have three different e prefixes in one sentence, but it's unavoidable), announced a... Read More…
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