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Report: UberRush will stop handling restaurant deliveries

Uber plans to close its UberRush courier service to restaurant deliveries, according to a report in Quartz. Instead, restaurants will be encouraged to use UberEats, the company’s food delivery service, instead. The move is noteworthy because restaurants were one of UberRush’s key clientele when it launched in October 2015 as a ...

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Online coupon site RetailMeNot acquired for $630 million

Harland Clarke, a payment and marketing services firm, will acquire online coupon site RetailMeNot in a deal worth $630 million in equity. Harland Clarke will pay $11.60 per share in cash, which is about 50% higher than the stock’s closing price of $7.75 on April 7. A subsidiary of MacAndrews ...

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Waiting for the new new thing

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The smartphone wars are over, and everybody won. Life without our phones is almost unthinkable. I just spent the last five days on a couple of remote Pacific islands, and every so often I’d look up and see a flower-garlanded local child immersed in a Samsung tablet – and this ...

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Gig economy stalwart TaskRabbit is contemplating a sale

One of the earliest and most prominent startups of the so-called “sharing economy” or “gig economy,” is evaluating the possibility of selling itself. As reported by Recode, freelance work marketplace TaskRabbit acknowledged that it is contemplating a sale after receiving inbound interest from a possible strategic buyer. TaskRabbit launched in early 2008 ...

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Stripe’s Patrick Collison says no to an IPO any time soon

You can imagine that Stripe CEO Patrick Collison is asked a lot about whether his San Francisco-based payments company plans to go pubic any time soon. Last year, the seven-year-old company raised $150 million in a deal co-led by General Catalyst Partners and CapitalG that valued the startup at $9.2 billion, ...

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How Osmo decides to make its tangible, high-tech toys

A huge number of toys today include high-tech and interactive components that keep kids in front of screens. But when it comes to health and educational development, multiple studies have found that kids benefit from things like building with blocks, playing with both hands, and looking away from screens for 20 ...

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