News and Analysis

Toast Raises $250M, Securing Lead Position in Restaurant Management Software

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Restaurant management software provider Toast announced $250 million in additional funding on Monday, valuing the firm at $2.7 billion and cementing its lead position in the SaaS market for restaurants. TCV and Tiger Global Management led the Series E round.

Within 24 Hours, Further Signs That HUD’s Facebook Probe Could Upend Digital Ad Industry

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What’s at stake in the Facebook housing discrimination probe and related investigations into Google and Twitter is whether the dissemination of online content—the news, product recommendations, advertising campaigns of all kinds, and entertainment—can and should be permitted on the basis of data collected on users’ personal characteristics and past behaviors. Should organizations, in industries as varied as entertainment, apparel, tech, and education, be permitted to use evolving technology to predict whom ads should target and thus who should see the content promoting Berkeley’s MBA program, the new housing development in Long Island City, or the hip sunglasses Warby Parker will never get me to buy? How does past human behavior and long-term inequality in various groups’ access to privileged resources shape ad targeting and the technology that automates it, and can the tech industry reach beyond those limitations to open up new futures instead of capitalizing on and reinforcing historical distinctions?

The news this week of the Trump administration’s first charges filed against a major tech company is the first step on our path to finding out.

Automated Ad Targeting Ensnares Facebook in a Discrimination Lawsuit

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The lawsuit is big news not just for Facebook or for housing-related ads but for the digital advertising industry as a whole. That’s because it marks the first major federal attempt to use the resources of the law to curb ad targeting on the basis of racial discrimination. As interest in regulating broad tech spreads across the country and political spectrum, the lawsuit could prove a harbinger of harsher laws to come.

Commentary

Imagining a Local Search Pathway for Snapchat

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Snapchat may be considered by many to be “the next Facebook,” but its approach to social media and interactions couldn’t be more different. From its emphasis on moments to the uneasiness the founders have with ad personalization, the company is certain to blaze a trail all its own the the local space.

Snapchat, Uber, and the Implications of Machine Learning

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Machine learning and predictive analytics need to meld seamlessly with core app functionality. The technology needs to “just work,” without steep learning curves or frustrating dead ends. So I’d expect any company who experiments with machine learning for local search to start with a simple set of problems and hone the user experience.

The Accelerating Consolidation of the Digital Ad Market

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“The flow of dollars from businesses of all sizes has clearly been away from lower-performance niche platforms into boosted Facebook posts,” writes David Mihm. “We can debate the value of that activity, but relative to the questionable/delayed/opaque performance of so many digital ad products, Facebook seems to have found a sweet spot.”

Latest Posts

Street Fight Daily: Why Amazon Confuses Wall Street, Another Big Ad Tech Acquisition

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Wall Street Still Doesn’t Get Amazon (Bloomberg)… Telenor Jumps Into Ad Tech, Acquires Tapad for $360M (TechCrunch)… The Consumer Isn’t a Moron (The Next Web)…

Raise Report: Moz, Estimote, FiveStars Find Fresh Capital

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Every two weeks, we round up some of the biggest fundraises taking place in hyperlocal marketing, commerce, and tech. This week’s edition includes new cash infusions for HopSkipDrive, Olo, CityMapper, and Boxed.

Openings and New Hires at Instagram, Euclid, Button, Billy Penn

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Every two weeks, Geoff Michener covers some of the latest job changes taking place in this dynamic industry. This week’s edition includes new jobs for eBay vet Walt Doyle and Twitter’s SVP, and job openings at Netsertive, Foursquare, Factual, and more.

LBMA Podcast: Proxfinity, Estimote, Carrefour and Basket

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On the show: Real holograms thanks to Kino-Mo; Samsung’s TipTalk lets you talk into your finger; Down with walkie-talkies thanks to Theatro; Microsoft’s Skip means no lineups at Gerrity Supermarkets; PlaceIQ trumps that with $25M; Microsoft is acquiring InMobi; InMarket puts beacons in every RiteAid store. Our App selection is Basket from Andy Ellwood.

Street Fight Daily: UberRUSH Now Delivers Your Nordstrom Orders, Facebook’s Mobile Dominance

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… UberRUSH Now Delivers the Same Day from Nordstrom and Other Big Retail Stores (TechCrunch)… How Facebook Turned Its Greatest Weakness Into Its Greatest Strength (Forbes)… Amazon Sales Soared 22% in Holiday Quarter, but Profit Fell Short (New York Times)…

Is Uber Paving the Way Toward Verified Consumer Reviews?

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In an atmosphere where fake reviews are all too easy to create, we need tools that help distinguish real opinions from garbage. Moving beyond the limitations of data algorithms, fact-based approaches hold out the promise of grounding review services in observable truth.

Mobiquity Brings Beacons to the Movies — And Consumer Data to Hollywood

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Mobiquity will be installing beacons in 300 of the theater complexes with which Screenvision is partnered. The beacons are intended to help further engage consumers with the brands that are serving up pre-roll ads on the silver screen.

Street Fight Daily: Inside Yahoo’s Restructuring, Sharing Economy Goes Small

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A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Yahoo Restructuring Begins Slowly With Stealth Layoffs and ‘Invest/Maintain/Kill’ List (Recode)… Consumers and Mobile Pay: We’re Aware of It, But We Don’t See the Benefit (GeoMarketing)… Is the Future of the Sharing Economy Small-Scale? (Pacific Standard)…

PlaceIQ Looking to Build a Role for Location Tech Into TV, OOH, and Even Direct Mail

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Brands don’t want only to measure the persuasive powers of their mobile ads. They also want to know the efficacy of their TV, OOH, online, and even direct mail efforts, which is where PlaceIQ, with its freshly acquired $25 million, wants to deliver bigger results.

Taking ‘Local’ Right Down to the Keystroke

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A new group of companies are finding ways into local services by getting in between consumers’ desires and fulfillment of their desires at the core level: where their thumbs are hitting the glass. Startups like PopKey and Slash have found what feels like a Trojan Horse into our stream of communication.