ExclusiveReport

This is Uber's playbook for sabotaging Lyft

Uber is arming teams of independent contractors with burner phones and credit cards as part of its sophisticated effort to undermine Lyft and other competitors. Interviews with current and former contractors, along with internal documents obtained by The Verge, outline the company’s evolving...

Apple's iOS ads are about to take over your whole screen

Apple's assuredly making phones with bigger screen sizes, and ahead of that, its ads are getting bigger too. Today the company announced two new ad formats for developers as part of its iAd platform: full-screen interstitial banner ads, and pre-roll videos. Both are designed to take over the entire screen while using an app, and bring developers higher revenue than they'd get with smaller, less...

Investors reportedly buying into Snapchat at $10 billion valuation

It may have seemed strange when Snapchat turned down Facebook's reported $3 billion buyout offer last year, but here's the reason why: the startup is now raising money at a valuation of nearly $10 billion, according to The Wall Street Journal. Back in May, the venture-capital firm Kleiner Perkins reportedly committed to investing up to $20 million in Snapchat at this high valuation. At least one other investor is also said to be taking part in this round of funding, which reportedly is not yet closed. Alibaba was previously reported to be involved as well, though it's now said to have passed. Snapchat has raised several rounds of funding prior to this, but all at a lower valuation.

Snapchat is bored by funding news

Ads are coming to SoundCloud

All good things must come to an end and SoundCloud's ad-free existence is one of them. The popular music- and podcast-sharing platform is today launching an ad-supported On SoundCloud program to enable creators to monetize the audio they post to it. Starting out in the US and...

UPS says hackers may have stolen credit card data from 51 of its stores

Logistics firm UPS said on Wednesday that customer credit and debit card data may have been stolen from 51 of its UPS Stores across the United States. The company found malware capable of recording card information and sending it to a third party on cash register systems in one percent of its 4,470 UPS Store locations — 51 stores in 24 states. UPS started to investigate a possible breach on July 31st, after the Homeland Security Department released a report warning that hackers would use...


Uber announces Cornerstore, a delivery service to compete with Amazon and Google Express

Uber announced on its blog today that it is launching a test of a new delivery service called Cornerstore. Uber users in the Washington, DC area will see an option in their app to order from a list of 100 household items. If an Uber driver is available, the goods will be picked up and delivered to their door. There is no charge, no expectation of a tip, and no minimum purchase. It's one of many ambitious delivery services from tech companies...

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