DeviantArt Acquired by Wix | Crunch Report

TL;DR

Wix has acquired DeviantArt, a popular online community for artists, for $36 million. AirMap, a startup that helps drone operators navigate airspace regulations, has raised $26 million in funding. Google Jigsaw has developed an API called Perspective to analyze toxicity in online comments. Airbnb has acquired social payment company Tilt, with most of the money going towards the team.

Transcript

deviantart gets acquired by wick air map raises 26 million dollars Airbnb bikes tilt and more it's Thursday February twenty-third and this is crunch report you're one of baby girl you're ready for some text news yeah you want it that's called a sensual seduction intro to the show wicks has acquired deviantart and online community for artists design... Read More

Key Insights

• 🛰️ DeviantArt's acquisition by Wix highlights the value of online communities and the potential for monetization in the art and design space.
• 💗 AirMap's funding shows the growing importance of managing drone airspace and ensuring safe and legal drone operations.
• 💬 Google Jigsaw's Perspective API addresses the issue of toxicity in online comments and provides publishers with a tool to filter out potentially harmful content.
• 👶 Airbnb's acquisition of Tilt suggests the company's interest in expanding beyond accommodations and exploring new areas such as group payments and crowdfunding.

Questions & Answers

Q: What is DeviantArt and why did Wix acquire it?

DeviantArt is an online community for artists and designers with millions of registered members and an extensive collection of original art. Wix acquired DeviantArt to leverage its passionate and talented community and offer the power of the Wix platform to their artists, helping them showcase their work online.

Q: How will AirMap use its funding to improve their services?

AirMap will utilize the $26 million funding to further develop their air traffic management platforms and make their systems more widely known in the drone industry. They aim to provide drone operators with accurate information on safe and legal drone flying areas to promote responsible drone operation.

Q: How does Google Jigsaw's Perspective API work?

Perspective API is designed to analyze the toxicity of online comments. It was trained using comments from the New York Times and can determine if a comment is toxic or not based on past comments in the same thread. Publishers can integrate this API into their comment sections to filter out toxic comments or review them manually.

Q: Why did Airbnb acquire Tilt?

Airbnb's acquisition of Tilt is aimed at acquiring the team behind the social payment company. While most of the money from the acquisition will go to the team, Airbnb may also be interested in leveraging Tilt's tools for group payments and crowdfunding to enhance its offerings and build out its infrastructure for unique experiences.

Summary & Key Takeaways

• Wix has acquired DeviantArt, an online community for artists, for $36 million in cash. DeviantArt has a loyal and engaged community with impressive art and design content.

• AirMap, a startup that provides drone operators with safe and legal airspace information, has raised $26 million in funding led by Microsoft Ventures. The funding will be used to improve their air traffic management platforms.

• Google Jigsaw has developed an API called Perspective that can rate the toxicity of online comments. Publishers can integrate this API into their comment sections to filter or review potentially toxic comments.

• Airbnb has acquired social payment company Tilt, with most of the money going towards the team. This acquisition could potentially help Airbnb expand its infrastructure for group payments and crowdfunding.