Wednesday, May 23rd, 2018

Softbank is Selling its Stake in Flipkart
The Economic Times India
The Wall Street Journal

According to Reuters, Japan’s Softbank Group plans to sell its 20% stake in Flipkart to Walmart.

Earlier this month, Walmart announced that it would be purchasing up to a 77% stake in the India based e-commerce company for $16 billion.

Terms of the Softbank sale to Walmart were not disclosed.

Youtube Officially Rolls Out Youtube Music
Youtube Blog Post

Youtube announced on Tuesday that it has officially launched early access of Youtube Music which is now available in the U.S., Mexico, Australia, New Zealand and South Korea.

Customers will now be able to access albums, live performances, and Youtube Exclusives. Other benefits include an offline version that will allow paid users to access the tool without an internet connection.

The new service is expected to be the company’s answer to Spotify and Apple Music. Announces a New Round of Funding
Company Blog Post
Company Press Release

The company announced on Tuesday that it has closed a $65M Series D round of financing led by Spark Capital.

The new funds will be used to accelerate product development with a specific focus on machine learning. The company also plans to extend the platform to every company customer-facing role.

The company’s total funding to date is $125M.

Qualcomm Partners with Facebook to Offer High Speed Internet
Qualcomm Company Blog Post

Qualcomm announced earlier this week that it plans to work with Facebook to offer high speed internet to urban areas.

Qualcomm’s 60GHz chipsets will be integrated into Facebook’s wireless high speed internet solution called Terragraph.

Facebook plans to roll out Terragraph field trials in 2019.

Instagram Introduces a Mute Feature
The Verge
Instagram Story Mute Option

According to the Verge, Instagram is rolling out a mute option with its app.

The new feature will provide users with the opportunity to block photos from certain individuals without actually unfollowing them.

According to the report, any individual who has been muted will not be notified. The rollout will allow the feature to be available over the coming weeks.