Techmeme
September 4, 2018, 3:55 AM

Top News

Joel Gascoigne / Open:
Buffer co-founder Joel Gascoigne explains why the company spent $3.3M, about half of all its cash, to buy out seven of its sixteen Series A investors  —  Last month, Buffer spent $3.3 million - about half of all the cash we had in the bank - to buy out our main venture capital (VC) investors.
Julie Creswell / New York Times:
How Amazon has set its sights on the $88B online ad market, as companies like Verizon, AT&T, and Geico ramp up ad buys, despite not selling directly on Amazon  —  Verizon doesn't sell its mobile phones or wireless plans over Amazon.  Nor does it offer Fios, its high-speed internet service.
Reuters:
Source: Facebook is likely to generate ~$980M in ad revenue in India in 2018; Google, which has been in the country longer, reached $1B revenues only last year  —  ) - Google retains only a slight lead over Facebook in the competition for digital ad dollars in the crucial India market …
Wall Street Journal:
Source: Jack Dorsey weighed in on Twitter content decisions, overruling staff to keep Alex Jones and reinstate Richard Spencer's account; Twitter refutes story  —  Twitter CEO Jack Dorsey has personally weighed in on high-profile decisions, frustrating some employees
Natasha Lomas / TechCrunch:
Swiss startup Avrios has raised $14M to date for an AI-fueled fleet management platform, which is being used by ~700 customers to manage ~700,000 vehicles  —  Swiss startup Avrios reckons business mobility is going to get a whole lot more interesting as companies adopt more tailored mobility solutions …

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Nic Fildes / Financial Times:
Rebecca Hill / The Register: