Singapore-based Trax, which uses image recognition tech to digitize store aisles, raises $125M Series E as CEO says it’s valued at ~$1B ahead of a planned IPO (Yoolim Lee/Bloomberg)

July 2, 2018

Yoolim Lee / Bloomberg: Singapore-based Trax, which uses image recognition tech to digitize store aisles, raises $125M Series E as CEO says it’s valued at ~$1B ahead of a planned IPO  —  – Retail technology firm planning IPO within next two years  — Latest funding gives Trax a valuation of nearly $1 billion Source: http://www.techmeme.com

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Facebook Apologizes For Bug That Unblocked 800,000 People

An anonymous reader quotes a report from Gizmodo: Facebook disclosed a new “bug” on Monday that temporarily let some users who’d been blocked on the service send messages to the people who had blocked them. The bug also let some previously-blocked users view posts that were shared “to a wider audience,” such as publicly or with friends of friends, Facebook said. Facebook’s privacy boss Erin Egan apologized for the error,…

July 2, 2018
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Sources say Verizon spent about $1.2B on the failed go90, including the purchase of OnCue and Vessel, in an effort without clear market research (Sahil Patel/Digiday)

July 2, 2018

Sahil Patel / Digiday: Sources say Verizon spent about $1.2B on the failed go90, including the purchase of OnCue and Vessel, in an effort without clear market research  —  As far as launch parties go, Verizon’s September 2015 event for Go90 had it all: a Kanye West concert, a live performance of Funny or Die’s … Source: http://www.techmeme.com

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Roadrunner hits LTL road bump en route to recovery

  For a time, Roadrunner was the fastest-growing US trucking outfit, as it acquired more than 25 trucking, intermodal, air express, and logistics operators in a spate of acquisitions starting in 2010, pushing revenue to $2.1 billion in 2017. Photo credit: Shutterstock.com. Roadrunner Transportation Systems hit some road bumps in early 2018,… Source: http://www.joc.com

July 2, 2018
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