6 Secrets Apple’s Chief Design Officer Revealed in Naomi Campbell Interview

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Apple Chief Design Officer Jony Ive is an influential man. Not just at Cupertino, but in the entire technology industry. Indeed, the products and services he personally works on have a global reach— from the iPod to the iPhone. Ive isn’t a stranger to interviews. But, in a new interview conducted by Naomi Campbell and […]
Read More…
iDrop News
Cash For Apps: Make money with android app

Bumble sues Tinder’s owners for stealing company secrets

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Bumble isn't done swiping left on Tinder's parent company Match Group. After publishing an open letter excoriating Match, the women-focused dating app has filed a lawsuit against Tinder's owner, accusing it of stealing trade secrets, among other thin…
Engadget RSS Feed
Cash For Apps: Make money with android app

Bumble is suing Match Group for $400 million in damages for stealing trade secrets

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Everyone is suing everyone.

Bumble, the popular dating app, and Match Group, which owns another popular dating app, Tinder, are in the midst of a messy, public divorce — and the two sides never even got married to begin with.

The latest: Bumble filed a lawsuit late Wednesday claiming Match Group, which tried to buy Bumble late last year, interfered with its business operations, and is asking for $ 400 million in damages.

Bumble alleges Match Group stole trade secrets through “fraudulent” behavior and hurt Bumble’s chances of selling an equity investment, or the company altogether, by filing its own patent infringement lawsuit against Bumble earlier this month. Bumble’s suit described Match’s legal action as “chilling the market for an investment in Bumble.”

Bumble’s suit also claims that Match Group used its position as a potential acquirer to gather Bumble’s private business information during due diligence for competitive reasons. The lawsuit claims Match Group offered to buy Bumble for $ 450 million last June, what Bumble referred to as a “lowball” offer, then failed to make a serious offer even after looking under the hood at Bumble’s business.

The two sides were still talking about a potential acquisition earlier this year, according to multiple sources, but then Match filed its patent infringement lawsuit this month, taking Bumble by surprise.

“Unwilling to pay fair value for Bumble, Match tried to poison Bumble in the investment market by filing bogus intellectual property claims to wrongfully disparage the Bumble platform,” the lawsuit reads.

Now Bumble wants $ 400 million.

Match Group did not immediately respond to a request for comment.

The lawsuit, which was filed in U.S. District Court in Dallas County, Texas, is the just the latest in what has become an ugly battle between the two dating apps.

Last week, following Match Group’s patent infringement lawsuit, Bumble took out a full page ad in The New York Times calling Match a “bully.” “We’ll never be yours. No matter the price tag, we’ll never compromise our values,” the ad reads.

Adding to the drama is the fact that Bumble founder and CEO Whitney Wolfe Herd was also a founder of Tinder, and filed a sexual harassment lawsuit when she left the company in 2014.

Clearly, this is far from over.

Recode – All

Cash For Apps: Make money with android app

4 New Patents Reveal Secrets About Apple’s Self-Driving Car Tech

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

The U.S. Patent and Trademark Office has recently published a number of filings related to Apple’s self-driving car initiatives — and they reveal some interesting developments. These recently published patents (which were all filed for in September 2017) might hint at Apple’s future plans for autonomous vehicles, or even the systems that its currently testing […]
Read More…
iDrop News
Cash For Apps: Make money with android app

‘The Future of Secrets’ is a digital confession booth

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

"I feel like I can justify the worst things I've done." "My initial connection to the majority of my partners is based on superficial sexism." "I once bumped someone's phone when it was charging and it feel off a table and cracked and I just walked…
Engadget RSS Feed
Cash For Apps: Make money with android app

Tim Cook says keeping Apple’s secrets are ‘the bane my existence’

When you’re a company the size of Apple and under the scrutiny that Apple is, keeping secrets is hard. That’s what Tim Cook told investors during Tuesday’s annual investors meeting, during which he described how, “keeping stuff confidential is the bane of my existence.” In other words, with the exception of the visitor’s center, you […]

(via Cult of Mac – Tech and culture through an Apple lens)

Cult of Mac

Analysis: Uber and Waymo settle dispute over self-driving secrets

Dispute comes to abrupt end as Uber pays out $ 245 million to self-driving rival.

Uber and Waymo have settled their acrimonious dispute over stolen trade secrets.

The settlement brings to an end the long-running legal battle between the ride-sharing giant and Alphabet’s standalone self-driving division.

Uber is to hand over 0.34 of its equity value to Waymo – nearly $ 245 million – valuing Uber at $ 76 billion.

About a year ago, Waymo filed a lawsuit saying that a former engineer, Anthony Levandowski, took thousands of confidential documents with him when he left Waymo. He subsequently ran Uber’s own self-driving division, but was sacked when Waymo sued.

The case has led to Uber falling well behind on its plans to use autonomous vehicles, and was a major factor in Uber investors ousting chief executive Travis Kalanick last June.

You’re Kalanicked!

The legal settlement came just four days after Kalanick himself took the stand in court. He was accused of organising a plan to pilfer more than 14,000 files from Waymo, while it was still part of Google (rather than a division of its parent company).

The jury was shown internal emails in which Kalanick demanded “pounds of flesh” from Google. However, Kalanik claimed that “no trade secrets ever came to Uber”.

“Our sole objective was to hire the most talented scientists and engineers to help lead the company and our cities to a driverless future,” he said.

“The evidence at trial overwhelmingly proved that, and had the trial proceeded to its conclusion, it is clear Uber would have prevailed.

“I remain proud of the critically important contributions Uber ATG has made to the company’s future, and I look forward to their inspired efforts becoming a reality on the roads in cities around the world.”

The settlement includes an agreement that confidential information from Waymo will not be included in Uber technology. It also allows Waymo to inspect Uber’s autonomous vehicle programme via an independent third party.

Uber regrets, Waymo protects

In a statement, Uber CEO Dara Khosrowshahi said he wanted to “express regret for the actions” that led to the lawsuit.

“We agree that Uber’s acquisition of Otto could and should have been handled differently,” he said, referring to the self-driving tech firm, founded by Levandowski, that Uber bought in 2016.

Waymo released a statement saying, “We have reached an agreement with Uber that we believe will protect Waymo’s intellectual property now and into the future.

“We are committed to working with Uber to make sure that each company develops its own technology. This includes an agreement to ensure that any Waymo confidential information is not being incorporated in Uber Advanced Technologies Group hardware and software.

“We have always believed competition should be fuelled by innovation in the labs and on the roads, and we look forward to bringing fully self-driving cars to the world.”

Internet of Business says

Whatever the details of the case may be, it’s clear that the real message behind this settlement is, “Let’s move on”.

To say that the stakes are high for Uber, Waymo, and a host of automotive manufacturers, would be an understatement. The creation of a global autonomous transport system – on the roads and in the air – will be one of the big three economic battlefields this century, alongside clean energy and healthcare technology.

That this dispute went right to the heart of both companies’ corporate cultures should come as no surprise: Google/Alphabet’s desire to own as many markets as possible, and Uber’s reputation for muscling in on them by any means necessary.

The subtext should be clear: Uber’s long-term goal is building the infrastructure for personal, on-demand, driverless transport; Uber drivers have always been a means to prove the market, and never the market itself.

Read more: EHANG passenger drone boasts successful manned test flights

Read more: Volvo to supply Uber with driverless car fleet

The post Analysis: Uber and Waymo settle dispute over self-driving secrets appeared first on Internet of Business.

Internet of Business