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Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact

TechCrunch

Contact has been in the business of consumer finance since 2001, while Wasla was founded in 2018 by former Serag Meneassy and Taymour Sabry , both ex-Rocket Internet entrepreneurs, and investment banker Mahmoud El Said. “It’s

eCommerce 223
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The Worst Possible Day: U.S. Telecommunications and Huawei

The Cipher Brief

Even when the government is involved in the creation of a technology, privatization is the preferred outcome, as occurred with the internet. The United States, in the wake of a major economic downturn in 2001–02, made “free market” decisions by allowing U.S. Lucent spun off its optical cable division to Furukawa Electric in 2001.

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Cybersecurity 2030

Haft of the Spear

Internet companies depend on the same data (and more) to make billions of dollars, which is as good a sign as any that the general model is sound, or at least sound enough. No matter how big the breach, or how substantial the loss, the pain linked to cybersecurity failures is still less than the net benefit the Internet has had on our lives.

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The Tech Sector: Bull, Bubble or Both, and What it Means For IT (Part I)

The Agile Manager

This could simply be the next stage of what may be a multi-year bull run for tech, similar to its 1983-2001 bull run that had several mini-cycles. We saw this in the housing bubble, the internet bubble before it, and bubbles going back to the Dutch Tulip trade in the 17th century. The net effect is, capital is still highly nervous.

.Net 40
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The fundamental problem with Silicon Valley’s favorite growth strategy

O'Reilly Media - Ideas

Would each company be spending 55% of net revenue on driver incentives, passenger discounts, sales, and marketing to acquire passengers and drivers faster than the other? The internet is awash in billionaires who made their fortunes by following a strategy summed up in Mark Zuckerberg’s advice to “move fast and break things.”

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Impact in Production

LaunchDarkly

Dylan Etkin: Little harder to get between the two right now, but safely from our living rooms and connecting via the internet. And you’re storing logs and Docker containers somewhere on the internet. Dylan Etkin: [inaudible 00:47:38] We need more safety nets around that and that has to be quick. Yoz Grahame: Brilliant.