The app may be on every young person’s phone, but it’s losing money. When it launched its IPO this year, it raised $3.4b. But as of January, it’s lost $1.2b. Almost half of that loss was in 2016. It was growing at 15m new daily users in the first 3 quarters of 2016, but the … Read more
The chat app aims to hide even metadata, the graph of its users’ connections and activity (as opposed to just hiding the content of messages). Ricochet applies Tor-like tech to cloak the user’s device, not just web destinations. Messages also do not use a central server to send messages, so the data does not exist … Read more
“If you study Chinese products, you can get inspiration,” according to a woman who works for technology investment firm Andreessen Horowitz. She also works helping U.S. startups learn from Chinese tech. Connie Chan says Chinese tech is ahead of U.S. tech in everything from livestreaming (worth $5b) to messaging. For example, while Americans almost all … Read more