Author: folgado

 Google has acquired popular VR game studio Owlchemy Labs.
In a blog post, the Austin-based VR game studio, behind some of virtual reality’s most popular gaming titles such as Job Simulator and Rick and Morty: Virtual Rick-ality detailed that it has been acquired and will be joining the team at Google.
Terms of the deal were not disclosed.
Today is a REAAAALLY BIG day for Owlchemy. Read More

Source: Tech Crunch

 Snap may have had a successful IPO, but that was pretty much wiped out after it reported its first-quarter earnings — where it completely whiffed on what Wall Street was expecting. The company said it brought in $149.6 million in revenue with a loss of $2.31 per share in the first quarter this year. Meanwhile, analysts expected the company to report a loss of 21 cents per share on revenue… Read More

Source: Tech Crunch

 Snap’s growth rate increased only slightly in Q1 2017 — a bad start to its first quarterly earnings report since going public. Snap hit 166 million daily active users at a growth rate of 5%, compared to the 158 million DAUs it had in Q4 when it hit a 3.2% growth rate. Snap’s year-over-year growth rate continued to slip, falling to 36% year-over-year from 48% in Q4. Snap… Read More

Source: Tech Crunch

 CBS has been promising a bundle of its two flagship streaming services, CBS All Access and Showtime, since last year. And on last week’s earnings call, CEO Leslie Moonves announced a combined package would soon be available. Today, that combined package has arrived. Starting now, consumers can sign up for CBS’s own take on the “skinny” bundle through either the… Read More

Source: Tech Crunch

 Back in October of last year, Tesla unveiled a new project it had been secretly cracking away at behind the scenes: solar roof tiles. Unlike traditional solar panels that sit on top of the roof, these solar tiles would replace your roof outright — and, if all went to plan, they’d look as good as any other roof. Just… maybe a little shinier. But how much will it cost? Read More

Source: Tech Crunch

 Researchers at Dartmouth have created a system that uses 3D modeling, fabrication, and other techniques to recreate popular outdoor rock climbing routes. The system watches climbers as they scale these routes and then recreates the experience with handholds strategically placed to mimic the natural crevices in a rock.
From the release:
The research team reconstructed the most challenging… Read More

Source: Tech Crunch

 Although Uber has launched a program for people with disabilities to use the car-hailing service, the program is not available in all the markets in which Uber operates. Two people who use wheelchairs have filed a lawsuit against Uber alleging that Uber has violated Title III of the Americans with Disabilities Act, the California Disabled Persons Act and California’s unfair competition law. Read More

Source: Tech Crunch

 San Francisco-based Tubi TV has raised an additional $20 million for its advertising-supported streaming service for TV and movies. Investors in the round are betting on the fact that the next big streaming competitor won’t be a direct rival to Netflix and others with a subscription-based business model, but rather a free service that offers a wide variety of titles for free viewing. Read More

Source: Tech Crunch

 Public data breach lists are a symptom of a deeper problem: U.S. cybersecurity laws place a disproportionate emphasis on notifying the public after a breach has occurred. While notice always will play a role in remediating harm, policymakers should shift their focus to preventative measures, such as more robust and clearer data security standards and incentives for investments in cybersecurity. Read More

Source: Tech Crunch

 Fresh off closing a $10 million fund earlier this year for Latin American startups, 500 Startups has pulled together capital for a new $15 million fund that will exclusively target startups in the Middle East and North Africa (MENA). Despite just closing today, 500 Startups has already made 39 investments in MENA out of other funds, so the group does have experience deploying capital in… Read More

Source: Tech Crunch