Uber sells its Eats business to Zomato in India

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Uber sold Uber Eats, the ride-hailing company’s food delivery arm, to rival Zomato today in India. In an all-stock deal, valued anywhere between $300-$500 million, the former will gain a 9.99 percent stake in Zomato. Uber Eats arrived in India back in 2017. Due to stalled growth and increasing Read More

Instagram deletes the IGTV button no one was using

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Instagram has removed that IGTV button that’s been sitting in the upper corner of the app, thankfully putting it out of its misery before it atrophies from disuse. IGTV is Instagram‘s answer to YouTube, a separate-but-not-really app for longer-form videos than the base app allowed for. It launched in June Read More

Snap founder says TikTok could dethrone Instagram

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Evan Spiegel knows a thing or two about the social space. For eight years, his startup, Snapchat, has been chasing giants in this space. And now he thinks a new competitor, TikTok, the short-form video app, has the potential to dethrone Instagram as the world’s third-largest social application — if Read More