Amazon Raises Minimum Wage to $15 for All U.S. Employees

SEATTLE, Washington — Amazon announced that it is increasing its minimum wage to $15 for all full-time, part-time, temporary (including those hired by agencies), and seasonal employees across the U.S.—effective November 1. The new Amazon $15 minimum wage will benefit more than 250,000 Amazon employees, as well as over 100,000 seasonal employees who will be…

Airbnb Surpasses 400 Million Guest Arrival Milestone

NEW YORK, New York — Airbnb passed an important milestone. According to Greg Greeley, President of Homes — Airbnb has surpassed 400 million guest arrivals to date. Greeley made the announcement while speaking at the Skift global travel conference in New York this past week. The milestone was reached on August 26, the same month…

Facebook announces Standalone Oculus Quest VR Headset

MENLO PARK, California — Facebook introduced Oculus Quest, its first all-in-one VR gaming system. Oculus Quest will launch in Spring 2019 for $399 USD. Offering six degrees of freedom and Touch controllers, Oculus Quest makes it easy to jump right into the action—all with no PC, no wires, and no external sensors. They have 50…

Robert F. Smith led Marketo purchased by Adobe for $4.7 billion

SAN JOSE, California — -Adobe announced it has entered into a definitive agreement to acquire Marketo, the market-leading cloud platform for B2B marketing engagement, for $4.75 billion, subject to customary purchase price adjustments. In May 2016, Billionaire Robert F. Smith and his Vista Equity firm purchased Marketo for $1.8 billion — growing its revenue over…

Domino’s launches New Dinner Bell App

ANN ARBOR, Michigan — Domino’s Pizza , the largest pizza company in the world based on global retail sales, launched their new dinner bell function on Domino’s mobile app. “Let’s face it, sometimes yelling at everyone that pizza is here just doesn’t work,” said Dennis Maloney, Domino’s chief digital officer. “Domino’s virtual dinner bell makes…

Spotify announces new feature for Independent Artists

STOCKHOLM,Sweden — Spotify the world’s largest tech music streaming service, announced a new beta feature that allows independent artists to upload their music to Spotify — directly from Spotify for Artists. The tech music streaming service acted on what it called one of the top requested features while working with a handful of independent artists—like…

PayPal Completes Acquisition of iZettle

SAN JOSE, California — PayPal Holdings, Inc. announced today that it has completed its acquisition of iZettle for approximately $2.2 billion USD. This transaction builds on PayPal’s strong set of products and services for small businesses and is intended to help accelerate growth and deliver a seamless commerce experience for merchants. “We’re thrilled to welcome…

Detroit’s StockX inching towards Billion Dollar run-rate

DETROIT, Michigan — Last week, Detroit based StockX announced a $44 million Series B that will help fuel international and domestic growth. The company’s main marketplace centers around sneakers. StockX is built around a platform that works for most ecommerce and amongst the fastest growing startups in Detroit and Michigan — currently employing 300 in…

JBL renews partnership with the NBA on a multi-year deal

STAMFORD, Connecticut — JBL announced that it has renewed its partnership with a multi-year deal with the NBA. In addition to welcoming back three-time NBA Champion and two-time MVP, Stephen Curry, two-time NBA All Star Andre Drummond and Kristaps Porzingis, JBL is also adding fan favorite Giannis Antetokounmpo who will be joining JBL’s thriving ambassador…