Medium Raise $50 million in funding.
Medium, the social online publishing platform
announced that it has raised $50 million in Series C funding. Less than a year ago
they raised $57 million in Series B. Medium was founded by Twitter co-founder
Evan Williams in 2012, and the startup is a pioneer in what many call social
journalism, Evan William created Medium as an idea that encourages users to
create longer posts than the standard 140- characters of twitter.
Uber Loses $100 million lawsuit.
Uber has reached a settlement in
two class-action lawsuits in California and Massachusetts that contested that
Uber should be classifying its drivers as employees instead of independent
contractors. In exchange for up to $100 million to the 385,000 drivers
represented in the cases, both sides have now agreed that drivers will
remain independent contractors and not employees. Although this might seem like
a bit hit for Uber, many see it as a win for Uber, as they can still present
their employees as independent contractors instead of taking them up as
employees.
Sean Parker Relaunches Airtime.
We previously reported Silicon Valley “Bad
Boy” launched Screening Room, the start that is trying to bring recently
released movies into the living room. Now Sean Parker is relaunching his failed
social media/ mobile chat app Airtime. Originally, Airtime was a mobile app that
simulated chat roulette where users chat with different people each time, this
time Airtime is presented as a mobile chat room where friends can share photos,
music, video that they can all experience simultaneously. If Airtime becomes
successful it will face competitors like Snapchat, and possibly chip away at
market shares from the social network he helped create: Facebook.
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