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Apple Launches New Recycling Lab In Austin

Apple has announced it has opened a 9,000 square foot recycling lab in Austin, Texas that is says will apply machine learning and robotics to improve on traditional methods to recycle products. The new lab will work with Apple's engineering teams and persons from academia to "propose solutions to today’s industry recycling challenges" according to Apple's statement.

Apple also recently revealed it has nearly doubled the number of its suppliers that have committed to run production of its devices on renewable energy, now a total of 44 suppliers. The iPhone maker has allocated $2.5 billion in green bonds so far and says it -- along with its suppliers -- participated in clean energy generation that roughly equaled the amount of electricity needed to power 600,000 US homes just last year.


Apple has now quadrupled the number of locations US customers can send their unused iPhones to be disassembled by its recycling robot, Daisy. The company says Daisy is capable of disas…

The Two Biggest Postmates Users - Post Malone And Kylie Jenner

Post Malone

image : Ralph Aversen on Flickr

We might be familiar with Postmates, if you're not, it's the San Francisco based delivery startup valued at $1.85 billion from a recent $100 million round. With a reported $400 million in revenue on gross sales of $1.2 billion the company expects for its 2018 fiscal year, Postmates is among the leaders in on-demand delivery, operating in 550 U.S. cities including Mexico City, with access to over 250,000 merchants available on its service.

According to the company, New York born and Texas raised rapper Post Malone is its number one user, having requested nearly 3,000 total items, spread across over 660 orders, in 52 different U.S. cities. Malone spent over $40,000 on Postmates in the past year, ordering items including $8,000 worth of biscuits for a Coachella party, $100 worth of buffalo sauce, latex gloves, calcium crickets, Tito's Vodka, ice bags, cranberry cocktail juice and four bottles of cabernet sauvignon.

After Malone, entrepreneur and TV personality Kylie Jenner is the second most dedicated Postmates user.

image : Disney | ABC Television Group

He also made a notable kind gesture, tipping a Postmates shopper an album before its public release. After Malone, next on the list is Kylie Jenner, an entrepreneur, TV personality, model and now full-time mother. The Kylie Cosmetics founder and Keeping Up with the Kardashians star spent over $10,000 on Postmates in the past year.

Her orders include a single carrot (yes, a single carrot), a cream cheese bagel, a bottle of Smartwater, Oreo McFlurrys, 10pc chicken nuggets, nail polish remover from Rite Aid, “3 cozy blankets” from Target, the famous “Impossible Burger” - a plant based one - and a bottle of Don Julio Añejo 1942 Tequila (her most expensive order).

Postmates co-founder and CEO Bastian Lehmann

Photo by John Phillips/Getty Images for TechCrunch

These two - Post Malone and Kylie Jenner - spend the highest on Postmates, which does 3.5 million deliveries from over 200,000 merchants monthly. Launched in 2011, it raised a $5 million Series A in 2013, followed by a $16 million Series B in 2014, and hit 10,000 weekly deliveries by March 2014. By December 2015, it hit 8 million total deliveries and has secured more than $600 million in additional funding.

Postmates competes in a crowded delivery market that includes DoorDash, UberEats, Deliveroo, Grubhub, now shuttered Munchery, Instacart, HelloFresh, Deliveroo and Blue Apron as other key players. The company is said to be in line for an IPO which could take place this year.




Note : The article was corrected to indicate the number of cities Postmates operates in as 550 including Mexico City, not the previously reported 385.


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Private equity giant Hellman & Friedman buys into home security startup SimpliSafe at a reported $1 Billion Valuation

image credit : SimpliSafe

Boston based home security startup SimpliSafe which provides self-installed security systems which are used by a huge number of homes in the U.S. has now sold a major interest in the company to Global private equity and investment giant Hellman & Friedman for an undisclosed sum which according to various sources values the company at a huge $1 Billion

The company which last raised $57 million in a Sequioa Capital led round and has been growing very well with the company counting over 300,000 customers as far as 2015 and a vast number of consumers currently making use of its suite of home security products.

This majority acquisition represents another move by Hellman & Friedman making huge acquisitions and bets in the technology space with the investment company's tech portfolio including notable companies like DoubleClick, Getty Images, Customer experience solutions company Genesys amidst other of its notable investments.

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Apple Reportedly Cuts Production Plans For New iPhones By 10%

According to a report from the Nikkei Asian Review, Apple is cutting current production plans for new iPhones by 10% signalling expectation of a further hit in iPhone sales for the year after it recently lowered revenue guidance for its fiscal 2019 first quarter ending 29th of December 2018 due to lower iPhone sales.

Nikkei says Apple asked suppliers late last month to produce fewer of new iPhones for the January-March quarter of this year. This will be the second time in two months that the company has slashed production rate of the iPhone if this stands true.


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Ford Slashes Thousands Of Jobs In Europe To Improve Profitability

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Intel Opts Out Of 5G Modem Market

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