Mobile payments company Square has reportedly raised $100 million in a new round of funding with a valuation of about $6 billion, according to financial filings.
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On Friday, Apple Inc. (NASDAQ:AAPL) said that the sales of the iPhone 6 and iPhone 6 Plus broke some records. The new iPhones beat the previous overnight preorder record, according to a statement sent to Re/code.
Is Facebook testing expiration for posts? pic.twitter.com/K6ULkclY6f
— Stefano Maggi (@stefanomaggi) September 10, 2014
On Mission: Impossible, the missions are provided on tapes that self-destruct after five (or ten seconds). Now Facebook Inc (NASDAQ:FB) is testing something similar with statuses. In the future, you may be able to schedule posts for deletion. The length of time can be set.
Snapchat has settled a lawsuit with co-founder Reggie Brown after over a year of fighting. The settlement is based on “mutually agreeable terms.” Those terms were undisclosed.
Reddit is rumored to be raising funding that would value the company at $500 million, according to Re/code. The investors in this new round of funding are rumored to be Alexis Ohanian, Andreessen Horowitz, Sequoia Capital, and several Y Combinator’s partners. Advance Publications, the parent company of Condé Nast, would continue to own about 50% of Reddit.
General Motors Company (NYSE:GM) is launching a Cadillac model in two years that will be able to travel on the highway without the driver having to hold the steering wheel or putting a foot on the pedal. The 2017 Cadillac model features “Super Cruise” technology that can take control of steering, acceleration, and braking.