Good morning, Austin! We've collected some of the buzziest tech news from over the weekend:
Popularity of Pokémon Go mobile game sends Nintendo's stock soaring
Tokyo investors sent Nintendo's stock up 25 percent on Monday because of the surprising popularity of their new mobile game, Pokémon Go. Reuters explains that the game allows players to walk around city streets, parks and homes while seeking virtual Pokémon game characters on their smartphone screens. It's also one of the first popular uses of augmented reality.
So how popular is Pokémon Go? Just two days after its launch the game is installed on more Android devices than Tinder.
Business Insider also has an interesting report on how the popularity of Pokémon Go has strained the game maker's servers and led to the company "pausing" international rollout of the game until that problem is fixed.
Internal emails show Uber hired investigators to examine legal foes
The Verge has a fascinating look at how Uber hired a research firm called Ergo aka Global Precision Research to investigate the lawyer and plaintiff involved in a lawsuit against Uber. That suit alleged that Uber had coordinated its surge pricing in violation of labor laws.
The story explains that because this research firm called friends and colleagues of the lawyer and the plaintiff, pretending to be reporters interested in writing profiles, the judge ruled that there was a reasonable perception of fraud. This allowed Uber's legal foes to see internal emails about their connections to Ergo.
The result, according to The Verge, is "rare window into how one of the most powerful and litigious companies int he world responds to a major class action lawsuit."
Successful startups are still mostly in Silicon Valley
Yes, there are plenty of thriving start-ups in cities like Austin and Denver. But the Wall Street Journal takes a look at venture capital investments and finds that Silicon Valley still dominates when it comes to investment dollars.
For instance, in 1995, 30 percent of all venture capital invested in the U.S. went to companies in the Bay Area. By 2015, that figure was closer to 50 percent. The story ominously suggests that Silion Valley's share of venture capital investments has been growing at a clip of about 1 percentage point a year, and "if this trend continues, in a generation or so it will be the only place anyone can build a startup."
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