Good morning, Austin! We have scanned the internet to bring you the latest in tech news. Here’s what’s happening;
Report: Austin-based dating app Bumble turned down a $450M buyout offer
Women-first dating app Bumble has turned down a $450 million acquisition offer from Match Group, according to Forbes.
Match Group, the umbrella company which owns Bumble competitors including Match.com, Tinder, and OKCupid, made its approach about two months ago, according to Forbes sources.
One source suggested the $450 million offer was seen to undervalue Bumble, which has quickly set itself apart in a crowded market with its 'women-first' branding: if two heterosexual users match, the woman must make the first move.
After operating out of the Bowie apartments in downtown Austin, the company just opened a sleek new headquarters off West 41st Street.
Despite scandals, Uber boosts its revenue
Even as Uber’s investors mounted a revolt against the then-CEO over a string of scandals, the ride-hailing company’s financial performance continued to improve in the second quarter of the year, based on financial results provided by the company.
Uber generated $1.75 billion in adjusted net revenue in the second quarter of this year, up 17 percent from the prior quarter. Uber narrowed losses by 9 percent to $645 million.
The results show that Uber continued to make progress on narrowing its losses while growing its business, even as the company responded to multiple challenges. They also show just how much people have come to rely on Uber as a transportation option.
Samsung is working on an Amazon Echo competitor
Samsung is working on a smart speaker that will be launched "soon", the company's mobile chief told CNBC, which will pit it against the likes of Amazon, Apple and Google in the hotly-contested space.
DJ Koh, the president of Samsung's mobile division, said a smart speaker was on the way.
"Maybe soon we will announce it. I am already working on it," Koh told CNBC in an interview ahead of the Note 8 smartphone launch which took place on Wednesday.
Samsung has big ambitions in the smart home space, hoping to connect products from TVs and refrigerators.
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