Facebook Helps You Find Wi-Fi | Crunch Report

TL;DR

Facebook is rolling out its find Wi-Fi feature worldwide on both iOS and Android devices, while Delivery Hero's IPO results in a valuation of over $5 billion.

Transcript

Facebook helps me find Wi-Fi delivery hero has a successful IPO and the Korean company the reading goobers binge out is Friday June 30th and this is price report Facebook is expanding a feature designed to help mobile users find accessible Wi-Fi networks last year the company started testing an auction called find Wi-Fi which as the name suggests h... Read More

Key Insights

• 😆 Facebook's focus on mobile connectivity is evident through its efforts with find Wi-Fi and initiatives like internet.org.
• 😋 Delivery Hero's IPO success demonstrates the significant valuation of the food delivery industry.
• 😀 Kakao's spin-off of Kakao Mobility reflects its ambition to expand its successful ride-hailing app.

Questions & Answers

Q: What is Facebook's find Wi-Fi feature and how is it being expanded?

Facebook's find Wi-Fi feature helps mobile users find free public Wi-Fi networks nearby. It displays a map showing the closest hotspots and details about the businesses providing the Wi-Fi. The feature is now available on both iOS and Android devices worldwide.

Q: What was the result of Delivery Hero's IPO?

Delivery Hero, a European food delivery company, had a successful IPO, resulting in a valuation of over $5 billion. Its share price rose 5.5% to nearly €27 per share during the first day of trading.

Q: How did Kakao expand its mobility services and what is its future plan?

Kakao spun out Kakao Mobility as an independent entity, with investment from TPG. Kakao Mobility manages ride-hailing services, including Kakao Taxi, which sees 1.5 million ride requests each day. The spin-off aims to enable swift decision-making and aggressive expansion.

Q: What is Sweeper Car Buses and how does it operate?

Sweeper Car Buses is a startup that offers overnight bus rides between Los Angeles and San Francisco. The buses include sweeping areas, a small communal lounge, Wi-Fi, attendants, and a bathroom. The price for an overnight ride is $115.

Summary & Key Takeaways

• Facebook is expanding its find Wi-Fi feature, allowing mobile users to locate free public Wi-Fi networks worldwide.

• Delivery Hero, a European food delivery company, has a successful IPO on the Frankfurt Stock Exchange, leading to a valuation of over $5 billion and a 5.5% increase in share price.

• Kakao, the company behind Korea's top mobile messenger app, has spun out Kakao Mobility as an independent entity, attracting a $437 million investment, and plans to expand its ride-hailing app.