附近上门

Business Startups Venture

Morning Report: Yahoo To Shutter App Built By The Founder Of A Different App It Bought Who Already Quit

Morning Report:Yahoo’s acquisition binge continues to impress.

This morning news broke that Yahoo, now part of the Franken-Oath which exists under the auspices听of Vertical Horizon, will “[kill] off the best app it’s ever made,” in of my former employer, The Next Web.

Yes, News Digest is going away. In its stead, Yahoo is recommending a different app from its stable, namely the “Newsroom” application. While you might not have known that Yahoo had two news apps, it apparently does. Or, in a short bit, will have had two news apps.

Regardless, the shutdown of a single app isn’t really the sort of thing we try to cover in these Morning Reports. But this app is a bit different.

We’ll tell the story in headlines:

  • March 25, 2013:听
  • October 17, 2013:听
  • January 8, 2014:听
  • October 29, 2015:
  • June 14, 2017:
  • June 22, 2017:听

And today: “Morning Report: Yahoo To Shutter App Built By The Founder Of A Different App It Bought Who Already Quit.”

Snark aside, this makes for a good moment to recall Yahoo’s startup buying spree. Here is Yahoo’s听听for a few years, to refresh your mind:

  1. 2007: 6 companies.
  2. 2008: 4 companies.
  3. 2009: 1 company.
  4. 2010: 5 companies.
  5. 2011: 3 companies.
  6. 2012: 2 companies.
  7. 2013: 28 companies.
  8. 2014: 18 companies.
  9. 2015: 2 companies.
  10. 2016: 0.
  11. 2017: Itself.

So much for that strategy.

From the听:

Benchmark鈥檚 Gurley leaves Uber听board

  • , the venture capitalist who led a push to oust Uber CEO Travis Kalanick, has stepped down from the ride-hailing company鈥檚 board of directors. He will be replaced by听, another partner at Gurley鈥檚 firm Benchmark.

Snap buys social map tool Zenly

  • Snap has acquired听, a developer of social mapping tools, for between $250 million and $350 million, TechCrunch听. The startup鈥檚 technology is being used in a new Snap feature called Snap Map. Paris-based Zenly, founded in 2015, previously raised $35 million in venture funding.

JD.com tosses $397M into Farfetch

  • Chinese e-commerce giant听听is investing $397 million into online luxury retailer听听as part of what鈥檚听听a broader partnership to expand that latter鈥檚 reach in China. London-based Farfetch, which features online boutiques of high-end fashion designers, previously raised more than $300 million.

Brick and mortar gets a tech boost, too

  • E-commerce may be seeing faster growth, but venture capitalists are still bullish on potential for technology to spur brick and mortar sales. Startups working on tools for traditional retailers raised over $380 million in 2016 and have pulled in over $130 million so far this year, according to a听. In other news, we look at what鈥檚 behind the听听of tech IPOs this year.

Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.

67.1K Followers

CTA

Discover and act on private market opportunities with predictive company intelligence.

Copy link