• Essential Products Could Go Up For Sale
    Essential Products is reportedly in trouble. The phone maker co-founded by Android creator Andy Rubin has canceled development on new products and is considering a potential sale, sources tell Bloomberg. “The startup has hired Credit Suisse Group AG to advise on a potential sale and has received interest from at least one suitor,” Bloomberg writes.
  • Pinterest Upped Ad Sales By 58% In 2017
    Last year, Pinterest took in $473 million in ad sales, which represented a 58% increase over 2016 sales. That’s according to Bloomberg, citing sources. “The online image search company missed internal revenue goals for the first half of 2017, but exceeded expectations in the second half,” Bloomberg writes, adding: "It’s on track to meet or beat targets for the first half of this year.”
  • StumbleUpon Is Shutting Down
    StumbleUpon is shutting down its content curation and discovery platform. “The service was arguably one of the first of its kind when it launched in 2002, providing users with a dead-simple way to find new sites to visit, articles to read, and pictures and video to gawk at,” The Next Web notes. “It also happened to arrive at a time when people were graduating from using the internet for essential functions like research and monetary transactions, to killing time and sharing things with friends.”
  • Instapaper Struggling To Meet GDPR Demands
    Due to the General Data Protection Regulation, Instapaper is telling European users that its popular “read-it-later” app will be unavailable for an undetermined period of time. As The Verge reports: “While we don’t know exactly what’s holding up Instapaper, it’s more than likely to be the GDPR’s data subject access request, which allows any EU resident to request any and all data collected and stored about them.”
  • Twitter Adding 'Badges' For Political Candidates
    Starting next week, Twitter plans to roll out a new verification badge for all major U.S. political candidates. “The new verification badge includes a small icon of a government building and the office that the person is running for,” Gizmodo reports. “The labels will be available to people running for Governor, U.S. Senate, and the House of Representatives who have qualified for the general election ballot during the 2018 U.S. midterm elections.”
  • Facebook Marketplace Adding Service Providers
    Facebook is giving users the option to search thousands of home service professionals via Marketplace. The change is thanks to a new feature “that helps users locate top-rated and vetted professionals like house cleaners, plumbers, contractors, and others, as well as receive quotes,” TechCrunch reports. “The services experience will show up on Facebook’s Marketplace, but is populated with data from Facebook’s partners on this effort: Handy, HomeAdvisor, and Porch.”
  • Snap Launches Seed Accelerator For Mobile Media
    Snap just unveiled a seed accelerator for startups interested in building media projects for mobile devices. “The new accelerator, which Snap has named ‘Yellow,’ will invest $150,000 into 10 different creators or startups beginning this fall,” Recode reports. “The company will take a small equity stake in exchange for the money, according to Snap VP of Content Nick Bell, though he wouldn’t specify how much each stake would be worth.”
  • Facebook Adds Phone Security Options
    Facebook will now let mobile users secure their accounts with alternative two-factor authentication methods like code-generating apps, Gizmodo reports “Two-factor authentication helps protect users’ accounts from unauthorized access by requiring a code in addition to a password in order to log in,” it notes. “This helps a user prove their identity, even in circumstances where their password may be stolen by a hacker.”
  • Apple Refunding iPhone Battery Replacements
    Apple plans to refund customers who paid for out-of-warranty battery replacements for newer iPhones, The Verge reports. “They’ll receive a $50 credit so long as the battery swap was done at an Apple-authorized service location,” it writes. “It’s not a total refund, but it brings the price down to the discounted one that Apple is currently offering for battery changes.”
  • Mnuchin Suggests Tech Industry Is Filled With Monopolies
    Treasury Secretary Steve Mnuchin is suggesting that the Justice Department should consider whether tech giants like Google have become monopolies. “These are issues that the Justice Department needs to look at seriously -- not for any one company -- but obviously as these technology companies have a greater and greater impact on the economy, I think that you have to look at the power they have,” Mnuchi said on CNBC on Monday.
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