[TL;DR] Tech news that you shouldn’t miss this 17/10
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.
Netflix returns to strong growth in subscribers, the action is taking off. The streaming platform has garnered 7 million new subscribers worldwide, shattering its latest record.
Why this is important: Once again, the group – behind successes like “House of Cards” or “Orange is the New Black” – attributes its performance to its “vast portfolio of original programs” in its traditional letter to shareholders presenting the results. By garnering nearly seven million new subscribers worldwide, Netflix has pulverized its own objectives (+5 million) and thus reassured investors, who had been very disappointed by the number of subscribers in the second quarter. These performances are reflected in the group’s finances, with quarterly net profit multiplied by more than three over one year, to 400 million dollars. Adjusted and reported per share, benchmark in North America, earnings came to 89 cents, well above analyst expectations (68 cents).
Private-Sale gets its hands on Daco, a competitive analysis solution. The start-up was selected by the French e-merchant to take part in the second promotion of its acceleration program at Station F.
Why this is important: Vente-privée intends to take advantage of the young shoots it supports through Impulse, its acceleration program based at Station F. Proof of this is the acquisition of the Parisian start-up Daco, which allows fashion brands to gain insight into the behavior of their competitors. Founded in 2016 by Anis Gandoura, Paul Mouginot and Claire Bretton, Daco has developed a B2B competitive analysis solution. This aims to allow brands and distributors to have a global vision of their competitive environment. This takeover will allow Vente-privée to rely on Daco’s image recognition technologies to have an approach to the market with “particularly fine segmentation of brand products», Indicates the e-merchant.
Instacart valued $ 7.6 billion after new fundraising. The startup, which is developing a collaborative grocery delivery platform, has announced that it has raised $ 600 million.
Why this is important: The American start-up Instacart, which is developing a collaborative grocery delivery platform, announced on Tuesday that it had raised $ 600 million in a funding round led by D1 Capital. An operation which now values it at 7.6 billion dollars. Earlier this year, in April, FoodTech had already raised $ 150 million. Founded in 2012 by Max Mullen, Apoorva Mehtan and Brandon Leonardo, Instacart connects individuals wishing to be delivered to their homes with other individuals willing to make the trip, purchases and delivery in an hour. To get paid, Instacart charges its customers a margin on grocery stores as well as delivery costs. This fundraising will help it develop in North America, where the company is already a partner of some 300 distributors, including Kroger, Aldi, Loblaw, Sam’s Club, Sprouts, Publix, Albertsons and Walmart Canada. The startup also wants to double the size of its “product” teams and engineers.