Maybe the most interesting deal of them all, this one has the most potential.Ī regular favorite among social networking lovers, Brizzly allows easy content sharing among users. The trifecta ended with AOL also announcing a third acquisition, Thing Labs, the company that created the web-based social software Brizzly. Importantly, we’ll also be able to identify video content holes among our sites, tap our StudioNow capabilities to fill those needs and create a truly ‘demand informed’ video library,” said Tim Armstrong, AOL CEO.īased on a different contract signed between the two companies before the acquisition was finalized, AOL has already begun to integrate 5min Media’s video content on its sites. “With 5min Media we’ll be able to add more video inventory to our pages. The company has been flaunting a figure of 130 million video streams per month and over 20 million unique visitors, a pretty big number for a company only three years old.ĥmin Media is the second video delivery platform AOL has targeted this year, the first being the $36.5 million StudioNow back in January 2010. Started as a video portal, 5min developed into a video syndication giant as time and technology evolved, currently also delivering its content to other services on the net, like DailyMotion and. With tens of thousands of videos across 20 categories and 140 subcategories, 5min Media will allow AOL to stream fresh new appealing content on their user network.Īlso, not to be discarded, 5min Media's syndication platform will upgrade AOL's own tools, allowing the company to remain along the top experts and innovators in video content delivery. The first, 5min Media, the Internet's leading syndication platform for lifestyle, knowledge and instructional how-to videos will allow AOL to bolster its video platform on a technological level, but as important, on a content level as well. Trying to remain relevant in today's Internet, the company that was once similar to the words email and instant messaging is having a hard time keeping up with the web 2.0 modern times.īeing in free-fall for years in traffic ranks and user taste, AOL opened the bank in the past two days adding to its blogging network a community favorite like TechCrunch.īecause of all the hype surrounding TechCrunch's acquisition, the mainstream media quickly passed over the other two deals also announced before and after TechCrunch. The adoption of mobile banking services has accelerated amid pandemic-related lockdowns and social distancing regulations.In a busy two-day period at AOL that started with them buying tech blogging giant TechCrunch finished with two more interesting acquisition: 5min Media and Thing Labs.The high costs and slow speeds associated with traditional remittance processes have increased the demand for digital money transfer solutions.The global digital remittance market is expected to reach $42.5B by 2028, growing at a CAGR of 13.3%, according to Grand View Research.Source: Taptap Send Why does the market matter? Taptap Send currently operates across 20 countries, including Bangladesh, Ethiopia, Nepal, Morocco, Madagascar, Ghana, Senegal, Zambia, and Pakistan.The startup is currently supported by a team of more than 100 employees.Amid the Covid-19 pandemic, the company has grown more than 8x.UK-based Taptap Send helps users initiate, manage, and receive instant cross-border payments without paying any additional fees.Taptap Send, a cross-border money transfer platform, has raised $65M in a Series B round that drew participation from Spark Capital, Slow Ventures, Breyer Capital, and Unbound, among others.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |