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JUST IN - OpenAI's ChatGPT AI banned in Italy.
If you invested $10,000 in Lebanon’s currency 3 years ago you would’ve had $460 today
Meet 100 Arab start-ups selected by the #WEF2019. Not a complete panorama of the best Mideast #Startup.s but still an interesting list. widgets.weforum.org/arabstartups/
It is official! @Uber acquires Middle Eastern Rival @careem for $3.1 Billion. Read the full article HERE: ow.ly/2p8Z30obQY1
Major news for tech startups in the Middle-East. #Uber is said to acquire this week #Careem, its UAE-born competitor and market leader, for more than $3bn. Last major acquisition in the region was done by Amazon, when acquiring e-commerce marketplace Souq for $600m. #acquisition
Important transaction in the Middle-East #tech scene. Delivery Hero acquires indian website #Zomato UAE operations for around $175 million.
Uber said to be in advanced talks to buy its UAE-based main Middle-East competitor and market leader Careem, for a valuation of $3 billion. It would be a new step for the region tech, after Amazon acquired Souq for $600 millipn 2 years ago. #Careem #Uber magnitt.com/news/uber-said…
Uber said to be in advanced talks to buy its UAE-based main Middle-East competitor and market leader Careem, for a valuation of $3 billion. It would be a new step for the region tech, after Amazon acquired Souq for $600 millipn 2 years ago. #Careem #Uber magnitt.com/news/uber-said…
1/ Obligatory controversial tweetstorm of the month: People have been too busy dunking on Facebook to notice that China may be quietly taking over US Social media with TikTok
Just played around on TikTok for awhile. A combined TikTok/Music.ly is going to be insane. No one has been able to effectively reach both China AND RoW in social at scale. Total reach is going to be huge. Wouldn’t be surprised if Toutiao is valued over $100B in a year or two.
Interesting idea. In the Middle-East as well, Uber has been outperformed by #Careem, its UAE-born competitor. Rumor recently talked of a $2bn acquisition discussion by #Uber.
Starting to think that Uber is playing a master chess game of aggressively growing its businesses in growing markets with the intent of ending up with equity in strongest competitors.
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