All posts by Matthew Lynley

Walmart reportedly won’t bid for Whole Foods after Amazon’s huge offer

Jeff Bezoz, CEO of Amazon. Walmart isn’t actively considering a bid for Whole Foods, which Amazon said it would purchase for $13.7 billion last week, according to a report by Reuters. If so, that would remove a major obstacle to Amazon’s bid to acquire the grocery chain. Whole Foods has hundreds of stores across the U.S., which could give Amazon a foothold in the grocery business — and possibly food… Read More

Pinterest’s camera search Lens gets a new look

 Pinterest’s camera search tool, Lens, is getting a makeover today with some updated including the ability to zoom in and out and tap to focus, and making it easier to search with Lens from photos they’ve already taken. Lens is very much a move to try to collapse the distance between the experience within Pinterest the app (or site) and the real world. Users point their camera at… Read More

Fleet management tracking provider Samsara raises $40M

 Rapid changes in the shipping industry has caught the attention of investors who are starting to pour large sums of money into the industry. And likely for good reason: as a future where trucks are run autonomously becomes ever clearer, the sensors and software behind that is going to have to be able to keep up. One company, Samsara, is working on just those kinds of sensors and products to… Read More

Meditation app Headspace hires a new chief business officer

 One of the first times Ross Hoffman met Headspace CEO Rich Pierson when talking about a role running the company’s business, Pierson was not talking a lot about business. Instead, he was peppering Hoffman with questions about himself, telling stories about users, and talking about work ethos. The business questions came later, of course, but that kind of introduction and vetting for a… Read More

How to make $300M in two months betting on groceries

 Today, Amazon made a bid to buy Whole Foods — a grocery chain — for $13.7 billion. That promptly sent the stock up around 30%. And it also looks pretty good considering its history in the past year, in which its continuing major bump came as an activist investor went after the company in April. That investor, Jana Partners, has around an 8% stake in Whole Foods, which will turn out… Read More

14 wildly hot takes we need on this Whole Foods + Amazon thing

 Amazon just bought Whole Foods for $13.7 billion — which is a huge deal! This is one of the biggest deals of the year and is a big move for Amazon into grocery, a spot where it’s traditionally been extremely bad. It also means that Amazon is going to be a huge competitor with other retailers, starting the foodpocalpyse and sending other grocery stocks crashing. It’s probably… Read More

Slack is reportedly raising another huge $500M round of funding

 Slack is in the midst of raising another $500 million in financing at what could be a $5 billion valuation — money it will likely critically need as it goes after major corporate clients and construct a functional business — according to a report by Recode. Slack also got some interest with a $9 billion price tag from Amazon, according to a report from Bloomberg last night. All… Read More

Snap hit another major low and is rapidly tumbling toward its IPO price

 We aren’t fully sounding the :siren: bells just yet, but Snap today took yet another dive as it tapped as low as $17.11 this morning — and is now hovering just above the price that it set for its initial public offering. Snap’s last earnings report resulted in a disaster, and while the company still managed to stay above $20 for an extended period of time, a string of bad… Read More

There’s another small tech IPO and we’re really just waiting for Blue Apron

 We have another filing for a tech IPO today, this one from a company called CompuLab coming in amid a continued flurry of IPOs.  But, really, the story here is just that — it’s just another small tech IPO amid a flurry of filings. Snap started off the year with a bang, rattling off a highly successful IPO (though its continued performance is not so great) and opening up… Read More

Sense sleep tracker maker Hello is shutting down

 Hello, the makers of the bedside sleep tracker Sense, is shutting down as after looking for a buyer, according to a blog post from the company. The news was first reported by Axios, which said the company has laid off most of its employees and sought a buyer of its assets. We’ve also heard that the details via Axios are on-point, including talks with Fitbit for the company’s… Read More