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Tag Archives: income

4Q18 Results: Telefônica Brasil S.A.

SAO PAULO, Feb. 20, 2019 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 Common Shares / VIVT4 Preferred Shares; NYSE: VIV), announces its results for 4Q18. Growth in key revenues lines and cost-efficiency, combined with non-recurring items, leads to record Net Income of R$ 8.9 billion ...

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LemonBox brings US vitamins and health products to consumers in China

China is rising in many ways — the economy, consumer spending and technology — but still many of its population looks overseas, and particularly to the West, for cues on lifestyle and health. That’s a theme that’s being seized by LemonBox , a China-U.S. startup that lets Chinese consumers buy U.S. health products at affordable prices. Indeed, the recent scare around Chinese vaccinations, which saw faulty inoculations given to babies and toddlers in a number of provinces , has only fueled demand for overseas health products which LemonBox founder Derek Weng discovered himself when his father was diagnosed as having high blood sugar levels. Weng, then working in the U.S. for Walmart, was able to look up and buy the right medicine pills for his father and bring them back to China himself. He realized, however, that others are not so fortunate. After polling friends and family, he set up an experimental WeChat app in 2016 that dispensed health information such as articles and information. Within a year, it had racked up 30,000 subscribers and given him the confidence to jump into the business fully.

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Turo files lawsuit against Los Angeles in car-sharing battle at LAX

Peer-to-peer car-sharing marketplace Turo has filed a lawsuit against the city of Los Angeles Airport in a preemptive strike aimed at defending the ability of its users to rent out their personal cars at Los Angeles International Airport. Turo filed the lawsuit Thursday in the U.S. Central District Court of California in Los Angeles. The city is not able to comment on ongoing litigation, Alex Comisar, press secretary for LA Mayor Eric Garcetti said. Turo contends in its lawsuit that LAX has misclassified its peer-to-peer car-sharing platform as a rental car company. Turo argues that California’s car-sharing law is clear and notes that it doesn’t own or operate a fleet of vehicles or use the airport’s facilities that traditional rental car companies do. “Due to this misclassification, the airport expects Turo to obtain a rental car company permit and expects our community to pay anti-competitive fees whenever they choose to exchange cars at or near LAX,” Turo Chief Legal Officer Michelle Fang told TechCrunch. “We’ve seen firsthand how rental car giants Enterprise Rent-a-Car have prodded airports across the country, including LAX, to attack our community, including our users’ rights to choose transportation options other than rental cars and to share their own cars to supplement their income.” Fang said LAX has repeatedly refused to even come to the table despite efforts to negotiate. Turo says in the lawsuit that it has reached out to LAX officials in an effort to develop an appropriate fee structure. The company is open to paying a fee that is in line with how ride-hailing companies are charged. “The fees need to be proportionate for the way that the ground transportation is being used,” Fang said, adding that rental car companies need parking lots and shuttles and other infrastructure at airports. “The use to LAX is much more comparable to TNCs and limos and taxis than it is to rental cars.” The company decided to take action after it viewed email messages between the car rental company Enterprise Holdings and city officials that discussed an impending lawsuit against Turo. Enterprise has yet to respond to a request for comment on the lawsuit

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Announcing the TC Top Picks for Disrupt SF 2018

When we put out the call for early-stage startups to apply to be a TC Top Pick at Disrupt San Francisco 2018 , which takes place September 5-7, we knew we were in for something good. But crikey! The competition was fierce, and narrowing the field to a cohort of 60 startups was no easy task. Fortunately, we love a challenge, and our work here is done. Read on to find the list of winners and what they receive. TC Top Picks is our latest way to shine a spotlight on amazing pre-Series A startup founders. We carefully reviewed and vetted each application and chose only five startups from each of these categories: AI, AR/VR, Blockchain, Biotech/Healthtech, Fintech, Gaming, Privacy/Security, Space, Mobility, Retail or Robotics/IoT/Hardware. These TC Top Pick founders have won a free Startup Alley Exhibitor Package , which includes a one-day exhibit space in Startup Alley , three Founder passes (good for all three days of the show), use of  CrunchMatch  — our investor-to-startup matching platform — and access to the Disrupt SF 2018 press list. They also will receive a three-minute interview on the Showcase Stage with a TechCrunch editor — and we’ll promote that video across our social media platforms. Without further ado, here are our TC Top Picks for Disrupt SF 2018 . AI Jack Automation Technologies : A conversational platform for automated messaging and voice experiences with tenants/residents for all property types and portfolio sizes. ConserWater Technologies : AI to grow more plants or crops with fewer resources. Rosey: A web platform that automatically grades freely written text for teachers and provides meaningful feedback to students. Vence: Reinventing livestock management. An invisible fence/Fitbit for livestock, which eliminates costs and increases profits for customers. 3DLOOK: Develops the most advanced mobile body scanning tech for apparel brands and e-commerce and retail

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Disrupting the paycheck, Gusto’s Flexible Pay allows employees to pick when they get paid

People should get paid for work they have done. It’s a pretty simple principle of capitalism, but a principle that seems increasingly violated in the modern economy. With semi-monthly paychecks, the work an employee does on the first day of the month won’t be paid until the end of the third week — a delay of up to 21 days. That delay is despite the massive digitalization of bank transfers and accounting over the past few decades that should have made paychecks far more regular. Gusto , a payroll and HR benefits provider focused on small businesses, announced the launch of Flexible Pay today, a new feature that will allow its payroll users to select when they receive their income for work already completed. The feature, which must be switched on by an employer, will cost employers nothing out-of-pocket today. The launch is limited to customers in Texas, but will expand to other states in the coming year. As Gusto CEO Joshua Reeves explained it to me, a kid mowing lawns in a neighborhood has a much more visceral connection to income than the modern knowledge economy worker. Cut the grass, get cash — it’s that simple. He also pointed out, with irony, that terminated employees experience much better payroll service than regular employees: they have to be paid out on their last day of work outside of the standard paycheck schedule.

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Southeast Asia’s Grab lands $1B from Toyota at a $10B valuation

Grab, the ride-hailing firm that acquired Uber’s Southeast Asia business earlier this year, is raising a new round of funding and it just announced that it will be led by Toyota, which is committing $1 billion in capital. The deal values Grab at over $10 billion, a source close to the company told TechCrunch. In return for its capital, Toyota will also get a board seat and the opportunity to place an executive within Grab’s team. Grab said it plans to work with its new investor “to create a more efficient transport network that will ease traffic congestion in Southeast Asia’s megacities” and help its drivers increase their income. In particular, that will involve close collaboration with the Toyota Mobility Service Platform (MSPF), which is working on areas such as user-based insurance, new types of financial packages and predictive car maintenance. “Going forward, together with Grab, we will develop services that are more attractive, safe and secure for our customers in Southeast Asia,” said Toyota executive vice president Shigeki Tomoyama in a statement. Toyota put money into Grab via its Next Technology Fund last year , but this time around the capital comes directly from the parent company. Hyundai is another automotive firm that has backed Grab . The new round follows a $2.5 billion investment that was jointly led by SoftBank and China’s Didi, two long-time investors put an initial $2 billion up for the round  last year. That round quietly closed at the start of 2018, Grab has confirmed but so far it hasn’t said who put up the additional money. The company’s valuation had been $6 billion but, unsurprisingly since the Uber deal, it has jumped by a further $4 billion based on Toyota’s investment

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Android P will give users what iPhone X already has: You will now be able to switch between apps – Economic Times

Economic Times Android P will give users what iPhone X already has: You will now be able to switch between apps Economic Times The same method will be incorporated in the upcoming Android version, Mashable reports. As more manufacturers are going bezel-less and introducing notch on their smartphones, it is imperative for the software to adapt to the change in order to deliver ... and more »

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Google beats expectations again with $31.15B in revenue

Alphabet, Google’s parent company, reported another pretty solid beat this afternoon for its first quarter as it more or less has continued to keep its business growing substantially — and is growing even faster than it was a year ago today. Google said its revenue grew 26% year-over-year to $31.16 billion in the first quarter this year. In the first quarter last year, Google said its revenue had grown 22% between Q1 of 2016 and Q1 of 2017. All this is a little convoluted, but the end result is that Google is actually growing faster than it was just a year ago despite the continued trend of a decline in its cost-per-click — a rough way of saying how valuable an ad is — as more and more web browsing shifts to mobile devices. Last year, Google said it recorded $24.75 billion in the first quarter. Once again, Alphabet’s “other bets” — its fringe projects like autonomous vehicles and balloons — showed some additional health as that revenue grew while the losses shrank. That’s a good sign as it looks to explore options beyond search, but in the end it still represents a tiny fraction of Google’s overall business. This was also the first quarter that Google is reporting its results following a settlement with Uber, where it received a slice of the company as it ended a spat between its Waymo self-driving division and Uber. Here’s the final scorecard: Revenue:  $31.16 billion, compared to $30.36 billion Wall Street estimates and up 26% year-over-year. Earnings:  $9.93 per share adjusted, compared to $9.28 per share from Wall Street Other Revenues : $4.35 billion, up from $3.27 billion in Q1 last year Other Bets : $150 million, up from $132 million in Q1 2017 Other Bets losses : $571 million, down from $703 million in the first quarter last year TAC as a % of Revenue : 24% Effective tax rate : 11%, down from 20% in Q1 2017 In the end, it’s a beat compared to what Wall Street wanted, and it’s getting a very Google-y response. Investors were looking for earnings of $9.35 per share on $30.36 billion in revenue. Google’s stock is up around 2% in extended trading, which for Google is adding more than $10 billion in value as it races alongside Microsoft and Amazon to chase Apple as the most valuable company in the world by market cap. Google jumped as much as 5% in extended trading, though it’s flattened out Google’s traffic acquisition cost, or TAC, appears to also remain stable as a percentage of its revenue.

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PlayingViral helps marketers grabs millennials’ attention with quick, interactive surveys

PlayingViral founders Steven Wongsoredjo and Michael Rendy Millennials have been accused of possessing shorter attention spans than goldfish . Though that claim is questionable , online marketers know display ads and even sponsored content are no longer enough to attract twentysomethings. PlayingViral gives brands a new way to lure young consumers with embeddable surveys and quizzes that use machine-learning algorithms to reach the right audiences. The second Indonesian company accepted into Y Combinator (after bill payment platform Payfazz), PlayingViral finished the accelerator program last month and is now getting ready to expand in the United States, Canada, Brazil and other markets. PlayingViral is part of Nusantara Technology, a tech and media group that develops marketing tools for clients, including Proctor & Gamble, that want to reach young Indonesians. So far, the company has received investment from former Sequoia Capital partner Yinglan Tan through his new firm Insignia Ventures, former Indonesian Minister of Trade Mari Elka Pangestu and Y Combinator. Both Nusantara and PlayingViral were founded by chief executive officer Steven Wongsoredjo and chief product officer Michael Rendy. About a year after launching Nusantara in 2016, the team began to realize that “the online media business has the potential to go big, but it’s hard to scale because it lacks a human touch,” Wongsoredjo told TechCrunch. PlayingViral was created to fix that problem. PlayingViral’s personalized, interactive content is intended to attract users who are jaded by banner ads. For example, a property developer used PlayingViral to create a survey that tells users what kind of house they can afford based on their income level and location. Other customers have embedded quizzes that reward players with discount codes. There are hundreds of dialects spoken in Indonesia and PlayingViral relies on its machine-learning algorithms to adapt content to different languages and decide where they should be placed in Nusantara’s online media network. It also analyzes what keywords, graphics and colors get the most engagement, helping brands refine their marketing strategies.

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Uber and Taxify are going head-to-head to digitize Africa’s two-wheeled taxis

Global ride-hailing rivals  Taxify  and Uber have launched motorcycle passenger service in East Africa. Customers of both companies in Uganda and Taxify riders in Kenya can now order up two-wheel transit by app. uberBoda, as its branded, is Uber’s first motorcycle service offering in Africa, and second globally after Asia. For Taxify, it’s the first two-wheel launch in any of the company’s 20 plus international markets.   The moves come as Africa’s moto-taxis — commonly known as boda boda­s in the East and okadas in the West –upshift to digital. Taxify’s “Boda” button For Taxify, the reasons for entering the market were twofold, according to Kenya Operations Head Chisom Anoke. “We noticed there was a need for this service because boda boda’s haven’t been very well organized or regulated,” he told TechCrunch from Taxify’s Nairobi office. “The other thing was people had to go search for boda bodas. We want to bring the convenience we brought to regular taxis to the boda bodas,” said Anoke. The company has upgraded its Kenya and Uganda apps with a “Boda” button to order a two-wheel taxi. Taxify also aims to bring the average boda boda ETAs in Nairobi to under four minutes, the current norm for its car services. Boda boda rates for Kenya will be 30 Shillings base then 15 Shillings per kilometer (≈ $.30 and $.15) compared to 85 and 30 for normal car service

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