Senior Technology Reporter for @BloombergNews covering VCs and startups. Contact me at ssaitto@bloomberg.net

Busy Parents ‘Uber’ Kids Around for a Carpool Alternative

bloomberg.com — As the oldest of three kids, Baily Deeter was often the last to be picked up from school by his mother. Then Uber Technologies Inc. came along. When Baily started ninth grade in August, his parents gave him an account for the mobile car-booking application, under his dad's name and credit card.

Uber Says RBI Extends Deadline to Comply With India Norms

bloomberg.com — Uber Technologies Inc. said it has been granted a monthlong extension by India 's central bank to migrate to a new payment method to comply with rules in the nation. The Reserve Bank of India has granted the maker of the ride-hailing application until Nov.

Uber Sees ‘Ubermentum’ Amid More Regulatory Approvals

bloomberg.com — Uber Technologies Inc. is gaining more regulatory approvals to operate in the U.S. and abroad, said David Plouffe, the company's senior vice president of policy and strategy. "There's some 'ubermentum' here," Plouffe told Bloomberg West's Emily Chang in an interview.

Lyft’s Director of Product Departs Amid Spate of Executive Exits

bloomberg.com — Lyft Inc. is losing more executives. Ryan Fujiu, director of product at Lyft, recently left the San Francisco-based ride-sharing company, the startup confirmed. He had joined Lyft in January from self-marketing startup about.me, where he was head of growth, according to his LinkedIn profile.

Russia Brain Drain Saps Talent as Sanctions Hit Financing

bloomberg.com — Artem Kulizhnikov, founder of a startup designed to help musicians annotate music, is packing his bags to leave Moscow in December. His destination: Dubai or Singapore, where he sees a better chance of securing funding for his second company.

Snapchat Said to Close Yahoo Funding, Still Raising Money

bloomberg.com — Snapchat Inc. has closed an investment from Yahoo! Inc. (YHOO) and is continuing to raise more money, according to people with knowledge of the matter. Snapchat, which makes a mobile application for sending disappearing photos, recently completed a funding with Yahoo in a deal that values the startup at $10 billion, said the people, who asked not to be identified because the details are private.

Yodle Said to Consider Postponing IPO Until 2015

bloomberg.com — Yodle Inc., a marketing software company that filed to go public in July, is considering postponing its initial public offering to 2015 because of volatile market conditions and instead plans to raise private financing, according to people with knowledge of the situation.

Square Encircled as Apple, PayPal Aim for Mobile Payments

bloomberg.com — Jack Dorsey founded payment startup Square Inc. with a mission of rethinking the way people buy and sell stuff with their mobile phones. Rising competition may get some merchants to rethink using Square. Consider Fabrice Yopa, who used Square to collect payments for his online-video business.

Good Technology Said to Postpone IPO Amid Market Volatility

bloomberg.com — Good Technology Corp., the mobile-security startup that filed to go public in May, is postponing its initial public offering until 2015 because of worsening market conditions, according to people with knowledge of the situation.

Yahoo ponders stake in Snapchat

thestar.com — NEW YORK - Yahoo! Inc. is close to investing in Snapchat Inc. in a funding round that values the startup at $10 billion (U.S.), according to a person with knowledge of the situation. Yahoo is the lead investor in the financing and set the terms of the round, said the person, who asked not to be identified because the information is private.
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Oct 31, 2014

The latest trend: Busy Parents ‘@Uber’ Kids Around for a Carpool Alternative bloom.bg/1G1DrQn via @BloombergNews

Oct 30, 2014

Coming Out in Businessweek, Tim Cook Chooses to Play It Low Key, via @nytimes nyti.ms/1tWwvQX

Oct 30, 2014

Michael Lewis tells @charlierose President @BarackObama is a writer not a politician and he wants to write a book about him

Oct 30, 2014

.@BradWieners the dropbox's purchase of Dolores Park is a joke, apparently, telling of the flamboyant times we are in

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