Street Fight Daily: Square Secures Credit, GrubHub Shares Soar | Street Fight

Headlines

Street Fight Daily: Square Secures Credit, GrubHub Shares Soar

0 Comments 07 April 2014 by

A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology

starbucks_square-2Square Secures Credit in ‘Low Hundreds of Millions’ (CNBC)
Mobile payments company Square has secured a new revolving credit facility as the burgeoning startup seeks more permanent capital to grow. The exact amount of the credit facility is unclear, but the company—which turns five this year—received access to capital in the “low hundreds of millions,” those familiar with the deal said.

GrubHub(s) vs. Uber(s) vs. Yelp(s): Making Sense of the Mayhem in Local Commerce (Street Fight)
Steven Jacobs: Last week, ride-sharing service Lyft announced that it had closed a $250 million round of funding to compete with Uber in what will likely become a capital-intensive — and noisy — race around the world. But the battle over transportation is just one example of a wider push by tech companies to reinvent traditionally offline industries by developing lightweight marketplaces.

GrubHub Shares Surge in Debut (Wall Street Journal)
Investors’ appetite proved hearty for the stock-market debut of GrubHub as shares of the operator of websites and apps for ordering takeout food online rose 31% Friday. Money managers salivated over the company’s rapid revenue growth and its emergence as the leader in what GrubHub argues is a huge market.

Payment Technology: If it Ain’t Broke… Start an Entire Industry to Fix it. (Street Fight)
Michael Boland: Mobile payments is an exciting area of cultural and technological disruption, and at the same time a solution in search of a problem. Somewhere in all the excitement, we seem to have forgotten that paying for things with cash or credit card ain’t broke.

TPG Said Close to Airbnb Investment After Snags Resolved (Bloomberg)
TPG Capital is close to signing an agreement to invest in room-sharing service Airbnb at a $10 billion valuation after resolving disagreements over the terms. The private equity firm was leaning against investing in the San Francisco-based company earlier this week amid debate over the startup’s value and other issues.

The Problem With Local Search and Discovery (Pat Kinsel)
Pat Kinsel: After working at Microsoft, founding Spindle, and toiling in the salt mines of local and social search for many a year, I know a bit about people ‘discovering nearby’ via their phones. Unfortunately, I’ve come to realize it’s a exceedingly difficult space. Given the number of people that have reached out with ideas, I thought it might be worthwhile to document the challenges as I see them.

SMB Mobile Website Adoption in U.S. Now 23% (Screenwerk)
A Hibu survey released last week found that only 6% of SMBs had mobile-optimized sites. But the SMBs recognized mobile was now an important channel and estimated that they could be making in excess of $60K more per year with a mobile site.

Waze CEO Confirms Google Paid $1.15B for the Company, Hints That Investors Forced the Deal (TheNextWeb)
Google completed its acquisition of Waze last June, but only now has the price tag that it paid for the Israel-headquartered social mapping startup and a hint at why the company sold out been revealed. A blog post on LinkedIn from Noam Bardin, who is CEO and co-founder of Waze, confirms that Google agreed to a $1.15 billion deal to buy the company.

Amazon Teases Home Barcode Scanner for Ordering Groceries (Wall Street Journal)
Amazon.com on Friday announced plans to offer a handheld device to more easily order groceries and other household goods from home. The wand-like device, dubbed Dash, can scan product barcodes or users can speak the names of goods into a microphone to log orders to AmazonFresh grocery delivery accounts.

Google Pays $1.4M to Italian Privacy Regulator Over Street View Car Markings (GigaOm)
Google has paid a $1.4 million fine to Italy’s privacy regulator over its Street View program, though not for the usual reasons. In one of the sillier European privacy cases involving Street View, the company has also agreed to notify towns’ citizens through local papers and radio of the cars’ impending arrival.

Get Street Fight Daily in your inbox! Subscribe to our newsletter.

Big Things Coming in Local in 2015!


Join us in New York, San Francisco and Denver for Street Fight's industry-leading conferences. Top speakers, great networking, valuable insights, and killer parties.
Click here for dates and details!

Newsletter

Get hyperlocal industry headlines in your inbox every morning. Subscribe to the Street Fight Daily newsletter.


See how brands compare in local presence across areas such as local SEO, data accuracy, social engagement and more. Presented by Where2GetIt and Street Fight. Click here to see the battle!

Free White Paper: Pay-Per-Call’s Role in Improving Marketing ROI

Call campaigns can make the phone ring — or alienate prospective customers. Learn how to get it right: Download "Pay-Per-Call's Role in Improving Marketing ROI."

Produced by Street Fight Insights for Soleo.

Free White Paper: Contextualization

Learn how to deliver better, revenue-driving consumer experiences. Download "Contextualization: Leveraging Location-Based Technology and Mobile to Drive Success for Brands."

Sponsored by Artisan Mobile.

Follow Us

Get the latest Street Fight news, information and analysis via Twitter and Facebook.

The Commerce Graph

The “Commerce Graph” is a new framework we have developed to think about the future of physical exchange. The model offers an alternative to the dominant narrative about the commerce landscape that frames digital networks as an adversary of physical exchange.

The $20 Billion Mobile Marketing Opportunity

Strategies and insights into the landscape of targeting options and how they deliver foot traffic and sales for SMBs.
Check out our 2013 report and get your copy today!

Twitter

© 2014 Street Fight.

Powered by WordPress. Hosting by Page.ly