Author: Aakash Ghosh

Amazon will refund millions of unauthorized in-app purchases made by kids

Amazon will refund millions of unauthorized in-app purchases kids made on mobile devices, having now dropped its appeal of last year’s ruling by a federal judge who sided with the Federal Trade Commission in the agency’s lawsuit against Amazon. The FTC’s original complaint said that Amazon should be liable for millions of dollars it charged customers, because […]

Alibaba invests in WayRay, a maker of augmented-reality dashboards for smart cars

After launching its first car last year, Alibaba is digging deeper into the automobile industry. The Chinese Internet and e-commerce behemoth is the lead investor in smart car tech developer WayRay’s $18 million Series B round, the startup announced. Founded in 2012, WayRay makes holographic navigation systems. According to its funding announcement, WayRay has already spent […]

Makeblock raises $30 million for robot-building kits for kids

Remember when kids could simply play with their toys? They still can. But parents are increasingly spending on toys that are chockablock with tech components, and that promise to turn their kids into software developers or robotics engineers. The Toy Industry Association, which held its International Toy Fair in New York last month, has even identified robotics-education as a […]

Did Snap leave money on the table?

Snap priced its IPO at $17 per share on Wednesday, raising $3.4 billion. Then it opened Thursday at $24 per share and closed at $24.48. That’s a 44 percent gain for the select investors who bought into the IPO. And that gain looks great… for new investors. But it also means that Snap could have sold […]

WhatsApp Now Has 200 Million Monthly Active Users in India

Mobile messaging service WhatsApp on Friday announced that it has 200 million monthly active users in India. In a post on Twitter, WhatsApp CEO Jan Koum announced the statistic, while reiterating that the company now has 1.2 billion monthly active users – a figure revealed to Gadgets 360 last week by WhatsApp Product Manager Randall […]