[TL;DR] Tech news that you shouldn’t miss this 05/04
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.
Alven Capital leads a round of funding of 10 million dollars to finance an Italian media. Freeda Media targets women Millennials and reaches 24 million unique visitors per month in Italy.
Why this is important: Founded in 2016, Freeda Media is one of those new media groups that operate mainly through social networks. The company manages the Facebook page “Freeda” which has more than 1.3 million likes and is very active on Instagram with 580,000 subscribers. Freeda publishes different types of content like video topics of a few minutes long, short interviews and more traditional articles through its website. This one has the particularity of not having a home page. With this fundraising, the company wishes to extend its activity to other countries. The first country concerned will be Spain.
Soft Robotics is raising $ 20 million to put its robots at the service of retailers and e-merchants. The American company presented at the end of March a robotic solution to facilitate the handling and sorting of objects in warehouses.
Why this is important: This funding round should allow Soft Robotics to expand its operations in retail and online commerce. And for good reason, logistics management has become an increasingly difficult problem to solve for companies like Amazon or Walmart in the face of the constant increase in orders. In this context, the American company presented “SuperPick” at the end of March, a robotic solution driven by artificial intelligence to facilitate the handling and sorting of objects in warehouses, so as to further automate logistics to gain in productivity.
Instagram wants to offer its users to make purchases directly on the application. At the moment, native payment is only available to a handful of users in the US and UK.
Why this is important: If native payment is currently only tested by Instagram, it could very quickly be extended to other countries around the world. And for good reason, this option would be very popular with brands to increase their income, since Instagram claims more than 800 million monthly active users, of which 500 million connect to the application every day, or as many potential customers. . At the same time, the social network could thus significantly increase its advertising revenue.
Elon Musk refuses to answer questions from analysts and explains in a Twitter thread. An attitude that caused Tesla’s share price to drop to 8% on Thursday.
Why this is important: Elon Musk appeared very annoyed by the analysts’ questions and simply decided to ignore the ones bothering him during the conference call with analysts following the release of Tesla’s quarterly results. He notably judged the question of one of the analysts on the state of reservations of the Model 3 of ” absurd “. Not sure that those answers and that defensive tone are helping calm the markets. Side results, Tesla announced a loss of nearly 710 million in the 1st quarter, but it is better than the forecasts of the analysts, for a turnover of 3.4 billion dollars. On the order side, the company confirmed the figure of 450,000 net orders for the Model 3 at the end of March.