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Crunch Report | Google To Stop Scanning Inboxes

Crunch Report June 23 Today’s Stories  Google now has all the data it needs, will stop scanning Gmail inboxes for ad personalization Samsung’s Galaxy Note8 will reportedly be the company’s most expensive smartphone yet YouTube TV expands to 10 more U.S. markets, adds more YouTube Red series Tesla said to be in talks to create its own streaming music service Credits Written and Hosted by:… Read More

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Google now has all the data it needs, will stop scanning Gmail inboxes for ad personalization

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 Here’s a surprise announcement from Google: It will stop scanning the inboxes of Gmail’s free users for ad personalization at some point later this year. Google already doesn’t do this for business users who subscribe to its G Suite services, but until now, it routinely scanned the inboxes of its free users to better target ads for them. It then combined that information… Read More

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Local businesses can now post on Google with Posts on Google

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 Until now, Posts on Google only allowed a small number of celebrities, sports teams, sports leagues, movie studios and museums to post social network-style updates about their activities right to Google’s search result pages. Using this, these organizations and individuals could post images, videos, GIFs and text and use that to drive traffic to their sites. Starting now, local… Read More

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Tantan, China’s top dating app, raises $70M for monetization and overseas expansion push

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 Chinese startup Tantan, which is probably most comparable to Tinder, has raised $70 million in new capital as it looks to monetize its business for the first time and explore overseas expansion options. Three-year-old Tantan claims 60 million ‘validated’ users — i.e. not fake accounts — of which six million are active on a daily basis. Of those active users, 75 percent… Read More

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Facebook is testing a feature to prevent profile pictures being abused by other users

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 Facebook is introducing a new feature to give users peace of mind around how their profile photo can be used and accessed by others. The social network today announced a pilot program in India that is designed to protect users who are concerned about other people gaining access to their profile image. The new ‘photo guard’ feature has a range of safety measures that… Read More

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Etsy will cut 15 percent of its workforce in a new round of layoffs

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 Etsy has announced its second round of layoffs in as many months. In a statement today, it said it will cut 140 positions, or about 15 percent of its current workforce. When combined with an earlier downsizing announced in early May, this round brings total eliminated positions to about 230, or about 22 percent of what Etsy’s total workforce was at the end of 2016. Read More

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Kalanick is out, but Uber’s VCs royally screwed up, too, say industry watchers

 Travis Kalanick, who last night resigned from his post as CEO of ride-share giant Uber, has taken the blame for the company’s very long list of problems, from allowing a culture of sexual harassment to thrive, to skirting the law with its Greyball program, to mishandling the medical files of a customer raped by one of the company’s drivers (for starters). But many view the VCs… Read More

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Bill Gurley to leave Uber’s board of directors

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 Benchmark’s Bill Gurley is set to leave Uber’s board of directors, one day after the company announced the resignation of CEO Travis Kalanick following months of controversy over its corporate culture. A Benchmark spokesman told Bloomberg, which first reported the news of Gurley’s departure, that his board seat will be filled by Matt Cohler, another Benchmark general partner. Read More

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