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Friday, August 24, 2018

Eventbrite files to go public. It's The Daily Crunch.

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THE DAILY CRUNCH
FRIDAY, AUGUST 24 2018 By Anthony Ha

Eventbrite is going public, Kalashnikov (yes, that Kalashnikov) unveils a fleet of electric vehicles and Facebook hires a new CMO. Here's your Daily Crunch for August 24, 2018.

1. Eventbrite files for $200 million IPO

This confirms reports from earlier this summer that the event-planning company plans to go public later this year. Eventbrite was founded back in 2006, so the offering has been a long time coming.

As for the numbers that the company is now sharing, it looks like Eventbrite remains unprofitable, but net revenue is growing.

2. Russian arms manufacturer Kalashnikov unveils its answer to Tesla

The Russian weapons manufacturer Kalashnikov, best known for making the AK-47 machine gun, has unveiled a fleet of electric and hybrid cars, buggies and motorcycles.

3. What is this weird Twitter army of Amazon drones cheerfully defending warehouse work?

Amazon has developed a strange presence on Twitter in the form of several accounts of purported warehouse workers. You don't want to dismiss firsthand experience, but it's hard to take them as seriously when they regurgitate talking points and are apparently paid to serve as "FC ambassadors."

4. T-Mobile says hackers stole customer data in data breach

The cell giant said in a statement that hackers stole customer names, billing zip codes, phone numbers, email addresses, account numbers and account types.

5. Facebook poaches new CMO Antonio Lucio from HP

Amidst Facebook's biggest branding crisis, it's just hired a veteran CMO formerly of Pepsi and Visa to boost its external image.

6. PayPal revamps its app to remove clutter, add more personalization

In an effort to keep pace with newcomers like the bank-owned Zelle, PayPal says its new app will focus on making it easier to use its core features – that is, sending and requesting money. That means many of the app's homescreen buttons are being tucked away underneath a new "More" menu to eliminate some of the clutter.

7. Inky's book recommendation app helps you find new reads

Inky was built by two bookworm friends who wanted a better way to track their reading and find recommendations of what to read next.

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