Saturday, June 15, 2019

The holding company that owns the dating apps Bumble, Lumen, and Chappy has been renamed as Magic Lab, says it will spend $100M on an array of new dating apps (Parmy Olson/Wall Street Journal)

Parmy Olson / Wall Street Journal:
The holding company that owns the dating apps Bumble, Lumen, and Chappy has been renamed as Magic Lab, says it will spend $100M on an array of new dating apps  —  'We're looking for the big, big monsters who can partner with me,' billionaire behind Bumble says in an interview



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Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part due to investments, as it seeks to monetize AI (Luz Ding/Bloomberg)

Luz Ding / Bloomberg : Alibaba reports Q4 revenue up 3% YoY to ~$35.8B, below ~$36.3B est., and net income up ~100% to ~$3.7B, in part du...