TECH CRAWL

Tech Crawl: Details start to leak  out about new iPhone

Walmart buys Jet.com and is Uber headed for an IPO soon?

Posted August 8th, 2016

Good morning, Austin! Here's the most buzzed-about tech news from the last 24 hours:

Details leak out about new iPhone, to be unveiled maybe next month

Apple Inc. will reveal the successor to the iPhone 6s and 6s Plus "as early as next month," Bloomberg reports. 

The new phones come with a few interesting tweaks: advanced photography capabilities with a dual-camera system, a home button that responds to pressure with "haptic" feedback, and no headphone jack.

These new iPhones will be "critical" to Apple's fourth quarter,  Bloomberg reports. The phones will look similar to the 6 and 6s. 

Walmart buys Jet.com for $3.3 billion

The rumors are true. Walmart announced it is buying online retailer Jet.com for $3.3 billion in cash and stock

Recode reports that Jet's co-founder and CEO will continue to run Jet. And they note that this purchase amounts to a "giant bet" on an unproven startup, and a way to fight back against Amazon.com.

Signs point to Uber going public sooner than later

The Wall Street Journal offers up an interesting analysis for why Uber Technologies might be going public soon

Uber's recent sale of its China ride-hailing business, which helped eliminate big losses, "makes an IPO more likely," the Journal reports. 

And another factor that makes an IPO likely is that Uber's revenue growth is projected to slow significantly. For Uber's shareholders, then, it's a good idea to have an IPO sooner than later. 

Comments