Bumble buy-out buzz, Twitter tries for transparency and Uber gets hit with a new class action. All that and more in The Daily Crunch for November 15, 2017. 1. Match Group still wants to buy Bumble Whitney Wolfe departed Match-owned Tinder and sued the company for sexual harassment and discrimination, but the Bumble founder is still in talks to sell her thriving dating startup to Match for potentially upwards of $1 billion. Sale or no, this is a terrific turn of events for a founder who faced difficulty but turned it into a success story that is leading the online dating scene regardless of whether it remains independent or joins a juggernaut in the field. 2. Twitter shares info regarding its harassment review policy Twitter is revealing some more information about how it makes decisions about what it considers violations of its rules against hate speech, violence and harassment via new articles on its help center. The company has made commitments towards being more transparent about the process, likely because there's an outcry every other day about those policies and their enforcement. 3. Uber faces class action lawsuit around assault by drivers Uber is facing a new class action lawsuit claiming it hasn't done enough to tell members of the public about incident of alleged harassment and assault by drivers. The aim appears to be to prompt Uber to do more in terms of background checks. 4. US Government issues North Korea malware alerts The U.S. Government is warning citizens that North Korea-related IP addresses are involved in a series of cyber attacks, helping reaffirm the recent perception that the country proves a viable threat, despite its seeming technological shortfalls. 5. Qualcomm invests in Mobike and other Chinese startups Chipmaking giant Qualcomm has invested in nine startups from China, including bike sharing giant Mobike. The investments cover a wide range of applications, all strategic opportunities for Qualcomm's processors. 6. Tencent beats expectations on gaming revenue Asian tech giant Tencent has well exceeded profit and revenue expectations set out by analysts during its most recent quarterly earnings. The blow out quarter was due in part to strong revenue from its gaming products, including both mobile and PC-based businesses. 7. LinkedIn is opening its mentoring platform to US, UK and India LinkedIn wants to help mentor you in your career, with a new product offering called "Career Advice." After a limited beta in a couple small markets, it's now rolling out to all users in the U.S., U.K. and India. |
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