Snapchat acquires a friend location tracker app Zenly for $250M – $350M

Snapchat acquires a friend location tracker app Zenly for $250M – $350M

   Snapchat acquires a friend location tracker  app Zenly for $250M - $350M

S napchat’s newest feature, Snap Map, is based on its latest acquisition, social mapping startup Zenly. TechCrunch has learned that Snapchat has bought Zenly for between $250 million and $350 million in mostly cash and some stock in a deal that closed in late May. Snapchat will keep Zenly running independently, similar to how Facebook lets Instagram run independently.
Zenly’s app lets users see where their friends currently are on a map using constant GPS in the background. People can then message these friends in the app to make plans to hang out.
The Paris-based startup’s app has 4 million downloads according to Sensor Tower , with 28% from France but also sizeable numbers in Asia including 12% in South Korea and 8% in Japan. The app is mostly used by teens trying to keep up with their friends around town, at school, or at concerts and other events. Zenly had raised $35.1 million, including a $22.5 million Series B in September 2016 led by prestigious Silicon Valley venture capital firm Benchmark.
Zenly’s social map on the left looks extremely similar to Snapchat’s new Snap Map on the right… because Snap acquired Zenly
This morning, Snapchat launched its Snap Map location-sharing and location-based content discovery feature. It works slightly differently, only pulling your location when you open the app, but otherwise looks so similar to Zenly that we suspected Snapchat had copied it. Sources told us Snap expressed acquisition interest, but Zenly initially rejected them.
After more digging, we’ve learned from sources close to the deal that Snapchat did in fact acquire Zenly. A Zenly terms of service change on May 25th may be related to the deal. A Snapchat employee has also been spotted retweeting people congratulating Zenly’s founders.
Rather than shutting down Zenly and folding it into Snapchat, Snap Inc. will allow Zenly to run somewhat autonomously. We asked Snap, but it declined to comment, and Zenly hasn’t returned our inquiries. Instead, here’s TechCrunch’s
interview with Zenly CEO Antoine Martin at Disrupt London last year.
With both Snap Map and Zenly, Snap Inc. is hedging its bets in the social content space. Because its Snapchat Stories feature is being aggressively copied by Instagram and Facebook’s other apps, Snapchat is wise to expand into the social utility space of helping people meet up offline. Now Snap could own two different apps on people’s home screens.
Making plans with friends involves a high degree of intent — about what people want to eat or do — there are plenty of advertising and partnership opportunities down the line. You could imagine restaurants, movie studios and more hoping to hit Zenly or Snap Map users with ads as they plan to go out with friends.
Zenly’s app features
While $250 million to $350 million may seem like a lot to pay for Zenly, Snapchat has seen many of its other expensive acquisitions turn out well . It bought Looksery for $150 million in cash and bonuses, which went on to power its iconic augmented reality face filters. It bought Bitstrips for $64.2 million, which has flourished as Snapchat’s Bitmoji personalized avatar stickers. Story Search, QR Snapcodes and its Spectacles glasses were all based off its acquisitions of Vurb, and Vergence Labs, respectively.
Zenly doesn’t seem to fit with Snap’s mission to be a camera company. But buying an app for meeting up with friends could let Snapchat own the path to doing the things worth capturing on camera.
Snapchat acquires social map app Zenly for $250M to $350M

8 ways people waste their salary money unknowingly

This article was written to address the trend of wastage that is currently rampart in the society today. A man will receive his salary at the end of the month but before you know whats going on the whole salary will disappear . This usually happens because people tend to waste money on useless frivolities and that is what we will be discussing here.

   8 ways people waste their salary money unknowingly
Saving money in today’s economy can sometimes feel impossible. It’s weird how even when you earn an okay amount, it’s seems as though you don’t have enough at the end of the month? Taking a good look at our spending habits and recognizing how we use our money can go towards re-evaluating and cultivating a life where we only spend what’s necessary.
1. You justify buying the cheap stuff
We think we’re saving money if we opt for the cheaper options but in truth, quality lasts longer. Looking at more expensive options as an investment rather than an unnecessary expense is a better mindset to have but we seldom think like this because in the moment more expensive equals more money.
Spending money on items that last rather than cheap ones that need replacing more often will save you money in the long run.
2. You justify buying items on sale
We’re led to believe that buying stuff on sale is saving money. If you’re in a supermarket and what you intend to buy is on sale, then great. But we can get caught up thinking we’re getting a bargain when really we’d never have bought that item in the first place were it not on sale! So curb unnecessary purchases – don’t get sucked in to the sale items and justify buying them because you believe you’re saving money – you’re not.
3. Your savings account is too easy to access
It’s so easy these days to with internet banking, to have easy access to our savings. While your good intentions are slowly piling up in your savings account, if it’s easy to get to, you can sometimes delve into it if you feel you’re down on your money.
So find savings accounts that aren’t so accessible and can’t be linked to your current account. This will help you think twice about transferring that money if it’s not so easy to do.
4. You don’t wait 30 days before big purchases
This is a good trick if you’re more of an impulse buyer. Impulse buying can drain our money extremely quickly and we can be very good at justifying why we need an item. If it’s a big purchase then do this 30 day rule before going ahead with it. You’ll be surprised at how much your mind can change in this period and often you’ll realize you probably don’t need to buy it or, even better, find a cheaper alternative in the meantime.
5. Don’t write lists of what you need before shopping (and stick to It)
This is similar to the impulse buying but more so when we’re food shopping. When you’re hungry, you will buy around 20% more food than if you went on a full stomach. Being purposefully mindful before you leave the house by making strict lists of what you need, will cut down more spending than you realize. Research recipes in advance and stick to only what you’ve written down. If it’s not on the list, it doesn’t make the cut!
6. You waste time finding cheap deals
The emphasis here is on time. We spend so much of our time researching in order to find the best deals and often in these moments the best deals actually pass us by or sell out. Think of time as money too – overthinking and overanalyzing can waste you money despite thinking that you’re ultimately saving it.
7. You don’t carve out time to declutter your house
Decluttering your living space is one of the best things you can do to save money. Not only because you can sell many of your old items and actually make money, but also it transforms the space in your mind as well. Once you realize that you don’t need so many possessions to make you happy, it will shift your mindset and make you more aware of unnecessary spending in the future.
Cultivating this mindset is what will save you the most money in the long-term and help you to re-evaluate what’s important to you. So adopt the mindfulness of spending your money to create a better way of saving it.
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photo : 2017 19yr old world youngest dollar billionaire Alexandra Andresen

photo youngest dollar billionaire in the world  Alexandra
At 19 years old, Norwegian Alexandra
Andresen is the world’s youngest dollar
billionaire. Her big sister, 20-year old
Katharina, is the second youngest.
The Andersen family’s fortune comes mainly
from the tobacco brand Tiedemanns, which
was founded by Alexandra’s great-great-
great-grandfather. After the brand was sold in
2005 for nearly half a billion dollars,
Alexandras father, Johan F. Andresen,
transferred 84 percent of the equity in Ferd to
his two daughters in 2007.
The 42 percent of the family empire, puts
Alexandra’s and Katharina’s net wealth at
about $1.2 billion dollars each, according to
”I feel a great sense of responsibility. In a way,
I feel that I don’t deserve this, but at the same
time I want to help Ferd become even better. I
think it’s difficult to find a way to give
something back” says Alexandra on the
homepage of Ferd, the family’s centuries-old
investment firm.
Alexandra Andersen currently lives in Germany,
where she is a professional dressage
competitor. She has won several prestigious
medals in the sport. businessinsider
Alexandra Andresen is a Norwegian heiress,
and as of December 2016 aged 20, the world’s
youngest billionaire, although not the world’s
youngest self-made billionaire ( John Collison )
. Her net worth now is estimated to be $1.2
billion (£862 million).
She is the daughter of Johan H. Andresen jr. ,
the Norwegian industrialist and owner of Ferd
AS, a privately held investment company, who
in 2007 transferred 42.2% each to Alexandra
and her sister Katharina Andresen. Wikipedia
The rating was given by forbes .
A Norwegian Public Health Institute official
said ‘the Andresens are so rich partly
because their company was responsible for
a lot of suffering’
The world’s youngest billionaire inherited her
fortune from a tobacco firm that allowed child
labourers as young as 10 to harvest the
deadly crop in Africa, MailOnline can reveal. Dailymail .

telegraph .
Alexandra was only recently confirmed as the
world’s youngest billionaire because the
Norwegian government publishes the tax
returns of people over 17.
But despite her affluent upbringing in one of
the best-known Norwegian families, she isn’t
just any rich kid. Alexandra is already an
accomplished horse rider, winning several
massive competitions in dressage. businessinsider .
Follow her on INSTAGRAM .

photo: credit card for tracking climate change and users carbon footprints

Baltic sea card that tracks climate change and users carbon footprint
Photo credit Source: Ålandsbanken – Vimeo

The Finnish bank Ålandsbanken, based on the
autonomous archipelago region of Åland, is
launching a new credit card to combat climate
change. Though its only a small bank with
about 700 employees the bank is the first in
the world to offer a very innovative new
service, according to Veckans Affärer .
The Baltic Sea Card is made completely of
renewable raw materials, is non-toxic and
biodegradable, but that’s not its coolest trick
by far.
Users of the Baltic Sea Card will get an
environmental report in their mobile app or
internet bank account, effectively letting users
track the carbon footprint of their
consumption. The bank hopes that increased
transparency will constribute to changing
daily habits to become more sustainable in
the long run.
But the idea isn’t only to raise the awareness
of consumers, but also to let them actively
take part in changing saving the environment.
Working with WWF Finland, the card will also
facilitate compensating one’s negative impact
on the environment by making donations to
various projects in conjunction with paying
the credit card bill.
A carbon credit is a generic term for any
tradable certificate or permit representing the
right to emit one tonne of carbon dioxide or
the mass of another greenhouse gas with a
carbon dioxide equivalent (tCO 2 e) equivalent
to one tonne of carbon dioxide.
A carbon footprint is historically defined as
“the total set of greenhouse gas emissions
caused by an [individual, event, organisation,
product] expressed as CO 2 while A credit card is a payment card issued to
users (cardholders) to enable the cardholder
to pay a merchant for goods and services,
based on the cardholder’s promise to the card
issuer to pay them for the amounts so paid
plus other agreed charges. [1] The card issuer
(usually a bank) creates a revolving account
and grants a line of credit to the cardholder,
from which the cardholder can borrow money
for payment to a merchant or as a cash
advance . Wikipedia

Photos : xaomi communications produces Mi TV 4 with the tiniest display screen in the world.

  Xiaomi unveils ‘very thin’ modular Mi TV 4,
white ceramic Mi Mix smartphone, Mi Router
xaomi unveils    mi TV 4 tiniest TV set
tiniest smallest TV set in the world mi TV 4
Photo credit : Ken Yeung/VentureBeat

“Mi TV 4 is the thinnest TV yet, measuring 4.9
millimeters, practically disappearing when
viewed from at a flat angle,” claimed Hugo
Barra, Xiaomi’s vice president of international,
on stage at the Consumer Electronics Show.
The television has no frames and “barely any
bezels,” with a metal back cover and
transparent stand. It ships with Patchwall, the
Xiaomi proprietary user interface layer that’s
built on Android. The device uses artificial
intelligence to surface relevant content for
each user, gleaning insight from 44 million
movies, 1.52 million comments, and 600,000
in-depth reviews.
Barra boasted: “We put a lot of thought in
designing Patchwall. We believe it’s a
substantial improvement over any [smart] TV
This TV is the smallest in the world. Because the Mi TV 4 is a modular television,
it’s easier to customize the device to your
liking. The television is separate from the
electronics, so if you wanted better audio, you
need only purchase another sound bar, not
scrap your entire TV. Xiaomi said that only
one wire is needed to connect all the
electronics with the display. The Mi TV 4
comes with 10 integrated speakers, 2 wireless
satellite speakers, and a subwoofer. It also
supports Dolby Atmos.
Mi TV 4 comes in three sizes — 49 inches, 55
inches, and 65 inches — and goes on sale
later this year in China for “well under” $
2,000. venturebeat
Flat-panel displays are electronic viewing
technologies used to enable people to see
content (still images, moving images, text, or
other visual material) in a range of
entertainment, consumer electronics, personal
computer, and mobile devices, and many types
of medical, transportation and industrial
equipment. They are far lighter and thinner
than traditional cathode ray tube (CRT)
television sets and video displays and are
usually less than 10 centimetres (3.9 in)
thick. Flat-panel displays can be divided into
two display device categories: volatile and
static. Volatile displays require that pixels be
periodically electronically refreshed to retain
their state (e.g., Liquid-crystal displays (LCD)
). A volatile display only shows an image
when it has battery or AC mains power. Static
flat-panel displays rely on materials whose
color states are bistable (e.g., e-book reader
tablets from Sony ), and as such, flat-panel
displays retain the text or images on the
screen even when the power is off. As of 2016,
flat-panel displays have almost completely
replaced old CRT displays. In many 2010-era
applications, specifically small portable
devices such as laptops, mobile phones,
smartphones , digital cameras , camcorders ,
point-and-shoot cameras , and pocket video
cameras , any display disadvantages of
flatscreens (as compared with CRTs) are made
up for by portability advantages (thinness and
lightweightness) .
Most 2010s-era flat-panel displays use LCD
and/or LED technologies. Most LCD screens
are back-lit to make them easier to read or
view in bright environments. Flat-panel
displays are thin and lightweight and provide
better linearity and they are capable of higher
resolution than typical consumer-grade TVs
from earlier eras. The highest resolution for
consumer-grade CRT TVs was 1080i ; in
contrast, many flatscreens can display 1080p
or even 4K resolution . As of 2016, some
devices that use flatscreens, such as tablet
computers, smartphones and less, commonly,
laptops, use touchscreens , a feature that
enables users to select onscreen icons or
trigger actions (e.g., playing a digital video)
by touching the screen. Many touchscreen-
enabled devices can display a virtual QWERTY
or numeric keyboard on the screen, to enable
the user to type words or numbers.
A multifunctional monitor (MFM ) is a flat-
panel display that has additional video inputs
(more than a typical LCD monitor ) and is
designed to be used with a variety of external
video sources, such as VGA input, HDMI input
from a VHS VCR or video game console and,
in some cases, a USB input or card reader for
viewing digital photos). In many instances, an
MFM also includes a TV tuner, making it
similar to a LCD TV that offers computer
connectivity. Wikipedia
Congrats to xaomi communications for their ingenuity in producing televisions with the thinnest display screen in the world. [ mi TV 4 ] .