1. Snapcash vs Venmo Battle is Over
Snapchat’s version of Venmo, Snapcash, a feature allowing users to transfer and request money to friends, will shut down on August 30th. Shutting down this payment feature after 4 years will end a partnership with Square, a company that teamed up with Snapchat to make transferring money easier. While Snapchat is still trying to figure out how to get to a commerce platform, taking away this feature may put them a step back. Given Snapchat’s recent cost-cutting measures including layoffs and their desperate need to attract and retain advertisers, they’ll need to step up their game to stay in the game.
2. Samsung Wireless Charger Duo
Talk about a dynamic duo. This new product from Samsung lets you charge two devices at the same time. No more contemplating whether you need your phone or your watch more for the next day. This apparent next step for Samsung — leaked on Twitter — gives us an idea of what the device will look like. If the rumors are true, it will be officially announced on August 9th. With Samsung’s new Galaxy Note 9 phone also on the way, this company is killing it. What’s next for Samsung? Unlimited possibilities.
3. Misty Robotics
Misty Robotics, a spinoff of Sphero, is making home robots in Boulder, Colorado. The company was given $11.5M to work on a project to attract mainstream consumers for employment in the home and office. Misty Robotics has been experimenting with a personal robot to make life easier. “We don’t believe it’s time for a mainstream robot,” says CEO Tim Enwall, who also founded Google-owned home automation company Revolv. “We don’t believe there [is currently] a market for it. What we do believe is that there will be a robot in everyone’s home and office and there is a progression to that process.”
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