In October 2006, Google announced that it had acquired the video-sharing site YouTube for $1.65 billion in Google stock, and the deal was finalized on November 13, 2006. CEO Larry Page has explained that potential acquisition candidates must pass a sort of "toothbrush test": Are their products potentially useful once or twice a day, and do they improve your life? įollowing the acquisition of Israel-based startup Waze in June 2013, Google submitted a 10-Q filing with the Securities Exchange Commission (SEC) that revealed that the corporation spent $1.3 billion on acquisitions during the first half of 2013, with $966 million of that total going to Waze. Other acquisitions include web application company JotSpot, which became Google Sites Voice over IP company GrandCentral, which became Google Voice and video hosting service company Next New Networks, which became YouTube Next Lab and Audience Development Group. Similarly, Google acquired Dodgeball, a social networking service company, and eventually replaced it with Google Latitude. For example, Google's first acquisition was the Usenet company Deja News, and its services became Google Groups. Many Google products originated as services provided by companies that Google has since acquired. To date, Alphabet has divested itself of four business units: Frommers, which was sold back to Arthur Frommer in April 2012 SketchUp, which was sold to Trimble in April 2012, Boston Dynamics in early 2016 and Google Radio Automation, which was sold to WideOrbit in 2009. Most of the firms acquired by Google are based in the United States, and, in turn, most of these are based in or around the San Francisco Bay Area. Down the road, the plan is to expand use cases for Flinto within Grow and then phase out the Flinto brand.Timeline of Google products, services, and acquisitionsĪs of December 2016, Alphabet has acquired over 200 companies, with its largest acquisition being the purchase of Motorola Mobility, a mobile device manufacturing company, for $12.5 billion. That means riders of Grow Mobility’s products will be able to make payments through Flinto. Grow Mobility operates more than 135,000 micromobility vehicles across six countries and plans to more than double its fleet in the next few months across Latin America. For us, the wallet is something that we see as the future of the company.”Īs part of a merger earlier this year between Grin and Yellow, the new entity rebranded as Grow Mobility. The only way to bring them on the platform is through a wallet. “It’s a need if you want to tap into a big market of underbanked or non-banked. “It started to make a lot of sense to bring Flinto as part of the team to develop the wallet because for Latin America, the wallet is not an add-on,” Grin co-founder Jonathan Lewy told TechCrunch. If someone doesn’t have a bank account, they can deposit cash at local shops and restaurants. Flinto works for those with or without bank accounts. ( TechCrunch) Grow Mobility, the entity that consists of electric scooter startup Grin, and bike and scooter-share startup Yellow, has merged with payments startup Flinto.įlinto enables people to make peer-to-peer payments, add minutes and text messages to your phone, and pay bills and merchants. Backers include monashees, DCM, Trinity Ventures, SV Angel and others. Grin & Yellow jointly raised US$150m in January 2019. Grow Mobility, the Latin American rideshare startup that resulted from the Grin/Yellow merger, has merged with payments startup Flinto.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |