Leaked Facebook Doc Details Messenger Ad Rollout | Crunch Report

TL;DR

More people are looking to sell shares in billion dollar companies, signaling the possible burst of the tech bubble.

Transcript

leaked facebook document shows plans to launch adds a messenger apple issues an iOS patch for the dreaded error 53 new york city puts android tablets and old phone booths and more it's Thursday februari 18 and this is crunch report presented by Toyota we constantly hear that we're in some sort of a tech bubble and it's going to burst eventually now... Read More

Key Insights

• 🥺 Unicorn status for billion dollar companies is becoming less secure, leading to an increase in secondary share sales.
• 😑 Negative press and investor nervousness contribute to the decline in unicorn status.
• 🫠 Facebook's plan to monetize Messenger through ads can help generate revenue, but may face backlash from users.
• 🥳 Apple's iOS patch addresses the error 53 issue, preventing bricking for users who rely on third-party repair shops.
• 😅 New York City is repurposing phone booths into free hot spots, providing valuable services to the public.
• 🚗 PayPal redesigned its mobile app to better serve users' needs and support the growth of mobile transactions.
• 🧑‍💻 The tech industry continues to face challenges and changes, indicating a potential burst of the tech bubble.

Questions & Answers

Q: What is causing the decline in unicorn status for billion dollar companies?

The decline in unicorn status can be attributed to factors such as China's market downturn, investor nervousness, and negative press surrounding certain startups like Theranos and Zenefits.

Q: How are people selling shares in billion dollar companies?

People can sell shares through secondary share marketplaces or with the help of secondary firms. Some employees may also sell shares if they get laid off and need to exercise their options within 90 days.

Q: How does Facebook plan to monetize Messenger?

Facebook plans to launch ads within Messenger, allowing businesses to send ads as messages to users who have previously initiated a chat with them. This move aims to monetize the platform's 800 million monthly active users.

Q: What is the purpose of Apple's iOS patch for error 53?

The iOS patch aims to restore iPhones that were bricked by error 53, which occurred when unofficial repair shops replaced the connector between the touch ID sensor and the home button. The patch also prevents future issues for users who go to third-party repair shops.

Q: How is New York City repurposing phone booths?

New York City plans to turn its remaining phone booths into free hot spots, providing gigabit-speed, encrypted Wi-Fi, free phone calls, and mapping services to the public. Android tablets have been installed at certain hot spots, allowing users to make phone calls and access services.

Q: How has PayPal improved its mobile app?

PayPal rebuilt its mobile app to offer a more simplified experience, focusing on sending and receiving money. The app now supports 17 different languages and includes new features based on customer feedback, such as separate pending and completed transactions.

Summary & Key Takeaways

• Secondary share sales have increased, indicating a potential decline in unicorn status.

• Factors contributing to the possible tech bubble burst include China's market downturn, investor nervousness, and negative press for certain startups.

• Facebook plans to launch ads in Messenger, targeting users who have previously initiated a chat with a business.