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German teens went crazy for this ‘compliments’ app, and now VCs are backing its next phase

TechCrunch

The reason we are talking about it today is that it’s grown like a weed after launching last year in Germany, where it reached Number 1 on the German iOS App Store four days after launch. How will it make money? SLAY is available in Germany, Austria, Switzerland and the United Kingdom. So what’s Slay’s business model?

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Tesla?s second largest shareholder invests $35 million in air taxi startup Lilium

The Verge

Lilium denied that it was ever its ambition to raise that much money, citing lower labor costs in Germany compared to Silicon Valley. “We These types of vehicles are still in their prototype phase and have yet to be rolled out for commercial service.

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Instagram will share revenue with creators for the first time through ads in IGTV

The Verge

Getting moderation right is essential to ads on IGTV’s success because their introduction sets Instagram to compete directly with YouTube, especially if creators start prioritizing their vertical video shoots over landscape and brands spend their money on Instagram ads rather than YouTube. Image: Instagram.

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Innocentive Online Collaboration Successful in Identifying Potentially Money-Saving Methods for TB Drug Production

Forum One

The result: Simpler and safer methods for making the Phase II TB drug candidate PA-824 have been proposed to the TB Alliance by two winners of a scientific challenge. These solutions may save the TB Alliance and end-users a substantial amount of money, thus allowing more patients to be treated for less.

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Uber pledges to shift to ‘100 percent’ electric vehicles by 2030

The Verge

Uber will also spend $800 million of its own money to help “hundreds of thousands of drivers in the US, Canada, and Europe transition to battery EVs by 2025.”. For example, drivers won’t be required to drive electric or hybrid vehicles to make money on Uber’s app, even by the target date of 2030.

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Sunday competitor Qlub emerges with $17M seed round from Cherry and Point Nine

TechCrunch

The payment solution for consumers in restaurants has now raised $17 million in seed financing in a round co-led by Berlin’s Cherry Ventures and Point Nine Capital of Germany. Similar to the Sunday startup, Qlub enables customers to pay their bills in restaurants quickly by scanning a QR code with their phone.

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Berlin’s Gorillas lays off 300, explores ‘strategic options’ in 4 countries as funds dry up for its $3B instant grocery play

TechCrunch

” Going forward, it will focus instead on its home market of Germany, as well as France, the Netherlands, the UK and the US, which it says collectively account for 90% of its revenues currently.The announcement came on the heels of a report in the German press last night about the layoffs.

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