[TL;DR] Tech news that you shouldn’t miss this 04/26
Every evening, the best of Tech news is in the TL; DR of FrenchWeb.
TL; DR (invariable acronym) (21st century): initials of “too long; didn’t read“,
either literally “too long ; not read“
1. (Internet) To express that the message that was sent was not read because it was too long.
2. (Internet) To express that the following is a summary of the text too long.
Revolut raises $ 250 million to continue its global expansion. With this lift, the start-up achieved unicorn status with a valuation of $ 1.7 billion.
Why this is important: Revolut explains that the funds raised will be used in particular “for the global expansion of its operations starting with the United States, Canada, Singapore, Hong-Kong and Australia during 2018“. The company also wants to increase from 350 to 800 employees by the end of the year by recruiting developers, engineers and designers in particular. To date, the British FinTech claims nearly 2 million users, including 220,000 in France.
Jean-Baptiste Rudelle recalled to the post of CEO of Criteo. The company forecasts a 22% drop in turnover in 2018.
Why this is important: Jean-Baptiste Rudelle will operate from Criteo’s head office in Paris. For his part, Eric Eichmann will ensure the transition and leave the board of directors. The Nasdaq-listed company has been struggling since Apple introduced a system in September 2017 that severely restricts ad tracking on Safari via cookies. However, the data obtained thanks to these famous “cookies” constitute the heart of Criteo’s activity. In December, the company even experienced a real “black Thursday”, seeing its price fall by more than 20%.
Cityscoot lifts the veil on its development plan. After raising 40 million euros, the operator of shared electric scooters wants to increase its fleet to 10,000 vehicles by 2019 and is expanding internationally.
Why this is important: Cityscoot now has 75,000 users, 2,000,000 trips made and one rental every 8 seconds in Paris in less than 2 years. The company aims to deploy and operate 6,000 scooters by the end of this year. After France, Cityscoot will launch in Milan and Geneva.
Despite the Cambridge Analytica scandal, Facebook pocketed $ 5 billion in profits in the first quarter of 2018. In the first three months of the year, the social network gained 70 million additional monthly users.
Why this is important: While Facebook’s quarterly results are positive, it’s important to point out that the Cambridge Analytica scandal erupted just two weeks before the end of the first quarter. In this context, the second quarter will deliver additional lessons on the real impact of this case on the performance of the social network. As a reminder, the hearing of Mark Zuckerberg before the US Congress took place in early April, outside the first quarter. In addition, during the period up to June, Facebook will have to deal with the implementation of the GDPR, scheduled for May 25.
Traackr raises $ 9 million to put influencers at the service of brands. The company helps brands identify and manage the most relevant influencers in a given industry.
Why this is important: More and more popular with brands, influencer marketing offers them new possibilities to reach consumers, especially Millennials. For brands, influencers are indeed a boon for reaching consumers as they have already won the trust of their potential future customers. In this way, brands can gain credibility and increase their reach. This funding round should allow Traackr to finance its commercial and marketing development. The American start-up also intends to strengthen its customer service.