India’s Locus raises $22 million to expand its logistics management business

Locus, an Indian startup that uses AI to help businesses map out their logistics, has raised $22 million in Series B funding to expand its operations in international markets. The financing round for the four-year-old startup was led by Falcon Edge Capital and Tiger Global Management. Existing investors Exfinity Venture Partners and Blume Ventures also …

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Uber had an abysmal second day of trading

It’s not looking great for ride-hailing giant Uber (NYSE: UBER). Today, Uber closed its second day of trading down more than 18.8% from its IPO price at $37.25 per share, with a market cap of $62.2 billion.

Uber, which was previously valued at $72 billion by venture capitalists on the private market, priced its stock at $45 a share for an $82.4 billion valuation last week. On day one, Uber closed at $41.57 a share.

In a memo obtained by CNBC, Uber CEO Dara Khosrowshahi told employees today that, “like all periods of transition, there are ups and downs. Obviously, our stock did not trade as well as we had hoped post-IPO. Today is another tough day in the market, and I expect the same as it relates to our stock.”

Moving forward, Khosrowshahi urged employees to focus on the long-term. He also pointed to the comebacks both Facebook and Amazon made post-IPO.

Lyft has similarly suffered on the public market since its IPO in March. Lyft closed the day at $48.15, with a market cap of $13.8 [...]  read more

This Spider Uses a Silk Slingshot to Hurl Itself at Prey

At first glance, the triangle-weaver spider, Hyptiotes cavatus, builds a web like any other spider. But once an insect hits that web, something damn near logic-defying happens. Sitting in one corner of the triangle, the spider seems not so much to crawl but to teleport an inch closer to the struggling prey, then another inch, then another, as the web—sequentially slackened—collapses on the insect.

The spider isn’t teleporting, of course, but it is pulling off something almost as improbable. With its front legs, it tugs a thread within the larger structure of the web, building up tension. With its back legs, it holds another thread that anchors it to a surface such as a branch, but it leaves lots of slack. That extra thread coils up near its spinneret, or silk-manufacturing organ.

When the spider releases the coiled anchoring line, the arachnid rockets forward with astonishing speed. University of Akron entomologist Sarah Han, lead author on a new paper describing [...]  read more

The dark web represents only a fraction of the rest of the internet

The dark web is often portrayed as a hidden corner of the internet where cybercriminals exchange information and plan cyberattacks but how does it compare to the rest of the internet?

To answer this question, Recorded Future analysed 260,000 onion pages to better understand the reach of the Tor network from a starting set of onion sites pulled from public lists and its own content. The threat intelligence company quickly realized that the dark web is actually tiny when compared to the “clear web” used by consumers and businesses.

Recorded Future’s crawling found 55,828 different onion domains but only 8,416 were observed to be live on the Tor network during its investigation.

The company’s findings disprove the misconception that the relationship between the surface web and dark web has an iceberg shape with the surface web being a small portion of the World Wide Web above the water and the dark web below accounting for the majority. The opposite is actually true and the [...]  read more

Milano, inchiesta sulle tangenti, Fontana interrogato per tre ore: “Ho chiarito tutto”

“Ho chiarito tutto, sono più che sereno. Ho chiarito quella che era la mia posizione”. Sono le parole di Attilio Fontana, governatore della Lombardia, dopo l’interrogatorio davanti ai pm. Un interrogatorio durato quasi tre ore. Fontana è indagato per abuso d’ufficio in relazione alla nomina in Regione del suo ex socio di studio, l’avvocato Luca Marsico. Il governatore è arrivato poco prima delle 16 negli uffici della polizia giudiziaria vicino al Tribunale, nei giorni scorsi ha ricevuto un invito a comparire e ha deciso di presentarsi per rispondere davanti agli inquirenti. A chi gli ha chiesto come ha spiegato ai magistrati l’incarico all’ex socio Marsico, Fontana ha risposto: “Questo chiedetelo ai magistrati”. E a un altro cronista che ha chiesto se ha spiegato davanti ai pm i suoi “rapporti con Nino Caianiello”, arrestato nell’indagine della Dda milanese, il governatore ha risposto: [...]  read more

Spotify is testing its own version of Stories called ‘Storyline’

Spotify is testing its own version of Stories — the sharing format popularized by social apps like Snapchat and Instagram and has since made its way to other apps like Facebook, YouTube, WhatsApp, and others. In Spotify’s case, it’s not called “Stories” but rather “Storyline,” and the focus is on allowing artists to share their own insights, inspiration, details about their creative process, or other meanings behind the music.

This is very much similar to what Spotify’s “Behind the Lyrics” feature today offers. But instead of pop-up cards that load in time with the music, Spotify Storyline is very much a Stories-like experience where users tap through the different screens at their own pace, and where horizontal lines at the top indicate how many screens still await them ahead.

@spotify hi. for about a yr now my band’s mgmt has tried get yall to take down some… outdated… facts on [...]  read more