Jasra Inc: Digital Transformation & Strategy | Manoj Jasra http://jasrainc.com Sun, 24 Mar 2019 00:44:00 +0000 en-US hourly 1 https://wordpress.org/?v=3.8.29 Hackers conquer Tesla’s in-car web browser and win a Model 3 http://jasrainc.com/hackers-conquer-teslas-in-car-web-browser-and-win-a-model-3/ http://jasrainc.com/hackers-conquer-teslas-in-car-web-browser-and-win-a-model-3/#comments Sun, 24 Mar 2019 00:44:00 +0000 http://jasrainc.com/hackers-conquer-teslas-in-car-web-browser-and-win-a-model-3/ By Kirsten Korosec A pair of security researchers dominated Pwn2Own, the annual high-profile hacking contest, taking home $375,000 in prizes including a Tesla Model 3 — their reward for successfully exposing a vulnerability in the electric vehicle’s infotainment system. Tesla handed over its new Model 3 sedan to Pwn2Own this year, the first time a […]

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By Kirsten Korosec

A pair of security researchers dominated Pwn2Own, the annual high-profile hacking contest, taking home $375,000 in prizes including a Tesla Model 3 — their reward for successfully exposing a vulnerability in the electric vehicle’s infotainment system.

Tesla handed over its new Model 3 sedan to Pwn2Own this year, the first time a car has been included in the competition. Pwn2Own is in its 12th year and run by Trend Micro’s Zero Day Initiative. ZDI has awarded more than $4 million over the lifetime of the program.

The pair of hackers Richard Zhu and Amat Cam, known as team Fluoroacetate, “thrilled the assembled crowd” as they entered the vehicle, according to ZDI, which noted that after a few minutes of setup, they successfully demonstrated their research on the Model 3 internet browser.

The pair used a JIT bug in the renderer to display their message — and won the prize, which included the car itself. In the most simple terms, a JIT, or just-in-time bug, bypasses memory randomization data that normally would keep secrets protected.

Tesla told TechCrunch it will release a software update to fix the vulnerability discovered by the …read more

Source: Tech Crunch

    

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Elon Musk defends tweets in SEC’s contempt proceedings http://jasrainc.com/elon-musk-defends-tweets-in-secs-contempt-proceedings/ http://jasrainc.com/elon-musk-defends-tweets-in-secs-contempt-proceedings/#comments Sat, 23 Mar 2019 01:00:00 +0000 http://jasrainc.com/elon-musk-defends-tweets-in-secs-contempt-proceedings/ By Kirsten Korosec Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court. […]

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By Kirsten Korosec

Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court.

The SEC has asked a judge to hold Musk in contempt for violating a settlement agreement reached last year over Musk’s now infamous “funding secured” tweet. Under that agreement, Musk is supposed to get approval from Tesla’s board before communicating potentially material information to investors.

Musk contends he didn’t violate the agreement and that the problem lies in the SEC’s interpretation, which he describes as “virtually wrong at every level.” The filing also reveals new details about the settlement negotiations, notably that the SEC sent Musk a draft agreement that would have required him to obtain pre-approval for all public statements related to Tesla, in any format.

Musk and Tesla never agreed to those terms. Instead, Musk says the agreement requires him to comply with Tesla own policy, which would require pre-approval for “written communications that contain, or reasonably could contain, information material to the …read more

Source: Tech Crunch

    

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Tesla’s customer referral program is back weeks after it was killed off http://jasrainc.com/teslas-customer-referral-program-is-back-weeks-after-it-was-killed-off/ http://jasrainc.com/teslas-customer-referral-program-is-back-weeks-after-it-was-killed-off/#comments Fri, 22 Mar 2019 07:03:00 +0000 http://jasrainc.com/teslas-customer-referral-program-is-back-weeks-after-it-was-killed-off/ By Kirsten Korosec Tesla killed off its customer referral program way back on Feb. 1, 2019 because the popular program was getting too costly to maintain. But now, less than two months later, Tesla is bringing it back with new incentives aimed at rewarding its customers, and bringing in new ones. Tesla’s customer referral program […]

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By Kirsten Korosec

Tesla killed off its customer referral program way back on Feb. 1, 2019 because the popular program was getting too costly to maintain. But now, less than two months later, Tesla is bringing it back with new incentives aimed at rewarding its customers, and bringing in new ones.

Tesla’s customer referral program had offered a bevy of incentives, including six months of free charging at Supercharger stations, launching a chosen photo into deep space orbit, VIP invitations, and even free Roadsters. The prizes, CEO Elon Musk said at the time, were beginning to add cost to its vehicles. In short: incentives to keep existing customers engaged and drive new sales were cutting into the company’s margins.

The Tesla customer referral program will end on Feb 1. If you want to refer a friend to buy a Tesla & give them 6 months of free Supercharging, please do so before then.

Elon Musk (@elonmusk) January 17, 2019

Tesla announced Thursday it would introduce a new referral program, a decision that was driven, in part, by customer feedback.

“While our previous Referral Program was very successful, it came …read more

Source: Tech Crunch

    

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PicsArt hits 130 million MAUs as Chinese flock to its photo editing app http://jasrainc.com/picsart-hits-130-million-maus-as-chinese-flock-to-its-photo-editing-app/ http://jasrainc.com/picsart-hits-130-million-maus-as-chinese-flock-to-its-photo-editing-app/#comments Thu, 21 Mar 2019 01:04:00 +0000 http://jasrainc.com/picsart-hits-130-million-maus-as-chinese-flock-to-its-photo-editing-app/ By Rita Liao If you’re like me, who isn’t big on social media, you’d think that the image filters that come inside most apps will do the job. But for many others, especially the younger crowd, making their photos stand out is a huge deal. The demand is big enough that PicsArt, a rival to […]

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By Rita Liao
picsart

If you’re like me, who isn’t big on social media, you’d think that the image filters that come inside most apps will do the job. But for many others, especially the younger crowd, making their photos stand out is a huge deal.

The demand is big enough that PicsArt, a rival to filtering companies VSCO and Snapseed, recently hit 130 million monthly active users worldwide, roughly a year after it amassed 100 million MAUs. Like VSCO, PicsArt now offers video overlays though images are still its focus.

Nearly 80 percent of PicsArt’s users are under the age of 35 and those under 18 are driving most of its growth. The “Gen Z” (the generation after millennials) users aren’t obsessed with the next big, big thing. Rather, they pride themselves on having niche interests, be it K-pop, celebrities, anime, sci-fi or space science, topics that come in the form of filters, effects, stickers and GIFs in PicsArt’s content library.

“PicsArt is helping to drive a trend I call visual storytelling. There’s a generation of young people who communicate through memes, short-form videos, images and stickers, and they rarely use words,” Tammy Nam, who joined PicsArt as its chief …read more

Source: Tech Crunch

    

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Former Oath CEO Tim Armstrong is exiting Verizon with a payout worth more than $60 million http://jasrainc.com/former-oath-ceo-tim-armstrong-is-exiting-verizon-with-a-payout-worth-more-than-60-million/ http://jasrainc.com/former-oath-ceo-tim-armstrong-is-exiting-verizon-with-a-payout-worth-more-than-60-million/#comments Wed, 20 Mar 2019 06:10:00 +0000 http://jasrainc.com/former-oath-ceo-tim-armstrong-is-exiting-verizon-with-a-payout-worth-more-than-60-million/ By Catherine Shu Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from last Monday by combining Armstrong’s compensation in 2018, severance and a special incentive package he was given by Verizon when it […]

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By Catherine Shu

Tim Armstrong will leave Verizon Communications with an awards and benefits package worth more than $60 million. The Wall Street Journal calculated the total amount based on a securities filing from last Monday by combining Armstrong’s compensation in 2018, severance and a special incentive package he was given by Verizon when it acquired AOL in 2015. Armstrong was head of Oath (now called Verizon Media), which took a write down of $4.5 billion last year and laid off seven percent of its workforce as it struggled to compete with other digital media companies.

Oath, the company’s digital media unit, was created in 2017 by merging AOL and Yahoo, two companies acquired by Verizon Communications. (Disclosure: TechCrunch was part of AOL, then Oath and now Verizon Media).

Verizon Communications announced Oath’s $4.5 billion after-tax write down at the end of last year. It said the sum, which basically cancelled out the benefits of the merger, was due to increased competition in digital advertising and other market pressures last year had resulted in lower-than-expected 2018 results and that it expected …read more

Source: Tech Crunch

    

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TikTok parent Bytedance is getting serious about games http://jasrainc.com/tiktok-parent-bytedance-is-getting-serious-about-games/ http://jasrainc.com/tiktok-parent-bytedance-is-getting-serious-about-games/#comments Tue, 19 Mar 2019 07:46:00 +0000 http://jasrainc.com/tiktok-parent-bytedance-is-getting-serious-about-games/ By Rita Liao A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a mobile game developer through a roundabout deal. According […]

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By Rita Liao

A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a mobile game developer through a roundabout deal.

According to a business registration filing, Shanghai Mokun has become wholly owned by Beijing Zhaoxi Guangnian, a second-tier subsidiary of Bytedance. Mokun is a mobile game developer previously owned by 37 Interactive Entertainment, a publicly listed games publisher that earmarked $791 million in revenue last year, which makes the Shanghai-based company about one-sixth the size of Activision Blizzard.

Zhang Lidong, a veteran journalist-turned senior vice president at Bytedance, has taken the helm as Mokun’s legal representative.

The price of the deal is undisclosed. A spokesperson from Bytedance declines to comment on the transaction. TechCrunch has reached out to 37 IE and will update the story if we hear back.

This isn’t the first time Bytedance has shown interest in …read more

Source: Tech Crunch

    

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Lyft’s imminent IPO could value the company at $23B http://jasrainc.com/lyfts-imminent-ipo-could-value-the-company-at-23b/ http://jasrainc.com/lyfts-imminent-ipo-could-value-the-company-at-23b/#comments Mon, 18 Mar 2019 03:29:00 +0000 http://jasrainc.com/lyfts-imminent-ipo-could-value-the-company-at-23b/ By Kate Clark Ridehailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal reports. The business will reportedly price its shares at between $62 and $68 apiece, raising roughly $2 billion in the process. With a $600 million financing, Lyft […]

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By Kate Clark

Ridehailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal reports. The business will reportedly price its shares at between $62 and $68 apiece, raising roughly $2 billion in the process.

With a $600 million financing, Lyft was valued at $15.1 billion in June.

Lyft filed paperwork for an initial public offering in December, mere hours before its competitor Uber did the same. The car-sharing behemoths have been in a race to the public markets, igniting a pricing war ahead of their respected IPOs in a big to impress investors.

Uber’s IPO may top $120 billion, though others have more modestly pegged its initial market cap at around $90 billion. Uber has not made its S-1 paperwork public but is expected to launch its IPO in April.

Lyft has not officially priced its shares. Its S-1 filing indicated a $100 million IPO fundraise, which is typically a placeholder amount for companies preparing for a float. Lyft’s IPO roadshow, or the final stage ahead of an IPO, begins Monday.

San Francisco-based Lyft has raised …read more

Source: Tech Crunch

    

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Decade in review: Trends in seed- and early-stage funding http://jasrainc.com/decade-in-review-trends-in-seed-and-early-stage-funding/ http://jasrainc.com/decade-in-review-trends-in-seed-and-early-stage-funding/#comments Sat, 16 Mar 2019 21:30:00 +0000 http://jasrainc.com/decade-in-review-trends-in-seed-and-early-stage-funding/ By Gené Teare We’ve decided to step back from the breaking news for a minute to conduct a review of seed and early-stage funding trends over the last decade for U.S.-based companies. I’m fairly certain we can all agree that the environment for startups has changed dramatically in the past 10 years, specifically in two […]

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By Gené Teare

We’ve decided to step back from the breaking news for a minute to conduct a review of seed and early-stage funding trends over the last decade for U.S.-based companies.

I’m fairly certain we can all agree that the environment for startups has changed dramatically in the past 10 years, specifically in two major ways:

  1. The development of seed funding as its own class and;
  2. The expansion of growth stage investing.

What we’ve also seen are recent concerns raised about the decline in seed stage funding by Mark Suster, a partner at UpFront Ventures, as there has not been commensurate growth in early stage funding (Series A and B), to meet this growth in seed-financed companies. This is often expressed as the Series A crunch.

So with venture funding at an all-time high, along with increased growth in supergiant rounds, now seems like an appropriate time to conduct this kind of review.

Setting the stage

First, let’s set the stage for our analysis and explain where our data comes from with a few quick facts:

  • Rounds below $1 million can be the most difficult to capture adequately as many angel and pre-seed deals are not reported.
  • Luckily, Crunchbase has an “active founder community” that adds early …read more

    Source: Tech Crunch

        

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    ]]> http://jasrainc.com/decade-in-review-trends-in-seed-and-early-stage-funding/feed/ 0 No Man’s Sky has a big new update due out this summer http://jasrainc.com/no-mans-sky-has-a-big-new-update-due-out-this-summer/ http://jasrainc.com/no-mans-sky-has-a-big-new-update-due-out-this-summer/#comments Sat, 16 Mar 2019 01:46:00 +0000 http://jasrainc.com/no-mans-sky-has-a-big-new-update-due-out-this-summer/ By Taylor Hatmaker After a conspicuous stretch of silence ending with a mysterious teaser tweet on Thursday, No Man’s Sky creator Sean Murray revealed that another major free update is on the way. The new content, which is the first since last year’s Visions update, will hit the massive space exploration game this summer. The […]

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    By Taylor Hatmaker
    ❤

    After a conspicuous stretch of silence ending with a mysterious teaser tweet on Thursday, No Man’s Sky creator Sean Murray revealed that another major free update is on the way. The new content, which is the first since last year’s Visions update, will hit the massive space exploration game this summer.

    The bundle of new content, called No Man’s Sky “Beyond,” will tie together three different updates, though Murray is only giving up the details of one so far. The one we know about is something that Murray is calling “No Man’s Sky Online” which “includes a radical new social and multiplayer experience which empowers players everywhere in the universe to meet and play together” and weaves together three standalone updates into “a vision for something much more impactful.”

    No Man’s Sky BEYOND, a major free chapter, coming Summer 2019.

    With three updates in one:
    1) No Man’s Sky Online
    2) ?
    3) ?

    We’re working out butts off on something special
    More Info soon https://t.co/YtKimYyj6U pic.twitter.com/Txi8orUIs9

    — Sean Murray (@NoMansSky) March 15, 2019

    The short preview video doesn’t reveal much, but it shows a ship we haven’t seen before in what looks like either a reimagined space station (that would …read more

    Source: Tech Crunch

        

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    Apple addresses Spotify’s claims, but not its demands http://jasrainc.com/apple-addresses-spotifys-claims-but-not-its-demands/ http://jasrainc.com/apple-addresses-spotifys-claims-but-not-its-demands/#comments Fri, 15 Mar 2019 08:05:00 +0000 http://jasrainc.com/apple-addresses-spotifys-claims-but-not-its-demands/ By Ingrid Lunden Two days after Spotify announced that it had filed a suit against Apple with the European Commission over anticompetitive practices, Apple today issued its own response of sorts. In a lengthy statement on its site called “Addressing Spotify’s Claims”, Apple walks through and dismantles some of the key parts of Spotify’s accusations […]

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    By Ingrid Lunden

    Two days after Spotify announced that it had filed a suit against Apple with the European Commission over anticompetitive practices, Apple today issued its own response of sorts.

    In a lengthy statement on its site called “Addressing Spotify’s Claims”, Apple walks through and dismantles some of the key parts of Spotify’s accusations about how the App Store works, covering app store approval times, Spotify’s actual cut on subscription revenues, and Spotify’s rise as a result of its presence on iOS.

    At the same time, Apple carefully sidesteps addressing any of Spotify’s demands: Spotify has filed a case with the European Commission to investigate the company over anticompetitive practices and specifically to consider the relationship between Apple and Spotify (and by association any app maker) in terms of whether it is really providing a level playing field, specifically in the context of building and expanding Apple Music, its own product that competes directly with Spotify on the platform that Apple owns.

    In fact, Apple doesn’t mention the European Commission, nor the suit, even once in its 1,100+ word statement. Here is what it does cover:

    App Store …read more

    Source: Tech Crunch

        

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