Skip to main content
Uber rival Taxify demoted its UK chief and is raising new funding as it tries to relaunch in London

Estonian ride-hailing company Taxify is a younger competitor to Uber which has grown quickly by focusing on eastern Europe, Asia, and Africa. The company launched in London as its first Western European market in September but was quickly shut down by the local regulator Transport for London over licensing questions. Taxify has hired former Gett CMO Rich Pleeth to oversee its new London licensing application and to help its European expansion. Pleeth is helping the firm raise new funds to fuel its international growth.

Taxify, an Estonian cab-hailing company that rivals Uber, has demoted its UK boss and is in the process of raising new funds as it tries to revive its operations in London.

Finn Geraghty, who joined Taxify as its UK operations manager, is no longer a director at the company as of early November. He remains employed at the firm. His demotion follows Taxify


10 things in tech you need to know today (AMZN, AAPL, TSLA, GOOG)

Good morning! Here's the technology news you need to know this Tuesday.

1. WikiLeaks sent multiple messages to Donald Trump Jr. before and after the 2016 election — at one point asking if founder Julian Assange could be Australian ambassador to the US. WikiLeaks often encouraged Trump Jr. to share links, and even leak his father's tax returns.

2.


WALKTHROUGH: How traders 'pump and dump' cryptocurrencies

LONDON – "This is the biggest pump community which will help you make money," reads the ad sent to a Telegram channel with 17,000 followers.

The group in question is the "PumpKing Community." It is one of many groups on the messaging app that appear to be dedicated to "pump and dumps" — coordinated buying that artificially inflates the price of cryptocurrencies, in the hopes of attracting outside buyers to then "flip" the currency onto at a profit. Other Telegram groups include Pump.im, Crypto4Pumps, We Pump, and AltTheWay. 

Cryptocurrency markets remain largely unregulated and so these schemes aren't technically illegal — yet. However, the same schemes are illegal in the regulated markets that cover assets like stocks and bonds.

Business Insider has detailed the


'Market manipulation 101': Wolf of Wall Street-style 'pump and dump' scams plague cryptocurrency markets

Traders "pump and dump" small cryptocurrencies to artificially inflate the price in the hope of making a quick profit at the expense of other investors. Business Insider observed five apparent "pump and dumps" of coins in just a week, coordinated using messaging app Telegram. See how they work here. The activity would be illegal in most markets but regulators have yet to get to grips with cryptocurrency sector, which has exploded in size to $200 billion in 2017. Those who monitor the secondary market say "this sort of activity is rife" and "a real problem."

LONDON — Cryptocurrency exchanges are rife with "pump and dump" scams that would be illegal in most markets and leave unsuspecting investors at risk of large losses, a Business Insider investigation has found.


Nvidia's GPU sales drive Q3 (NVDA)
Posted November 14, 2017 0:54 AM
Nvidia's GPU sales drive Q3 (NVDA)

This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here.

Nvidia posted 


Facebook is killing its standalone Snapchat clone in Messenger and putting the feature everywhere else (FB)

Facebook has ended its standalone Snapchat Stories clone for Messenger by connecting the feature to its main mobile app. Now Stories shared on Facebook can be posted to Messenger and vice versa. Facebook is hoping the feature will cause less confusion around when people should post in the different apps. The Stories feature is also being added to Facebook groups, events, and pages.

Facebook has shuttered its standalone Snapchat clone for Messenger.

Instead, Facebook is tying together its Snapchat clone, located in the main Facebook app, with Messenger, according to a company spokesperson. Now videos shared through Facebook's main Stories feature can be shared to Messenger and vice versa.

The result simplifies Facebook's multi-pronged effort to take on Snapchat's Stories format, which displays photos and videos shared in chronological order that disappear after 24 hours.


Apple is expected to release 3 new iPhones next year — including a supersized iPhone X (AAPL)

Apple will launch three new iPhone models in 2018, a reliable Apple analyst says. One of the phones could feature an edge-to-edge LCD screen and TrueDepth facial recognition that costs between $649 and $749. Apple is also said to be working on a 6.5-inch iPhone with a design like the iPhone X but with a bigger OLED screen. Apple will also launch a successor to the iPhone X with a 5.8-inch OLED screen, the analyst says.

Apple will release three new iPhone models in 2018, the KGI Securities analyst Ming-Chi Kuo predicted in a note distributed to clients on Monday and seen by Business Insider.

Kuo and his research team are well-known for accurately predicting details about upcoming Apple products, thanks to his connections in the Asian manufacturing industry.

"We predict Apple (US) will launch three new iPhone models in 2H18: 6.5-inch and 5.8-inch


Roku's stock has more than doubled since its first earnings report — making its founder a billionaire (ROKU)

Roku, a video streaming platform and hardware company, blew past Wall Street estimates in its first earnings report as a public company on Thursday. The stock has more than doubled since. Founder Anthony Wood, who owns 27.3% of Roku, is now a billionaire. 

Shares of Roku have skyrocketed 125% in the three days after the streaming-video platform company released its first earnings report as a public company.

Anthony Wood, the 51-year-old founder who now serves as


Here's where Google's first 21 employees are now (GOOG, GOOGL)

Only six of Google's earliest employees still work at the internet giant — and that includes founders Larry Page and Sergey Brin.

Some early Google employees have gone on to become entrepreneurs, while others are now angel investors, and a lucky few have gone on to become top executives at other tech companies. A few are happily retired.

In 2015, a Quora user compiled a list of all the original Googlers and where there careers have taken them. Only six of the original 21 are still at the company, which reorganized to become Alphabet two years ago.

Here is what's become of the first 21 employees since launching their careers at Google.


Roy Moore allegedly signed a high-school student's yearbook before sexually assaulting her

Beverly Young Nelson alleged that Roy Moore sexually assaulted her while she was a teenage waitress. In a press conference, she shared his signature in her high school yearbook.

Roy Moore, a Republican candidate for US Senate from Alabama, allegedly signed a high-school student's yearbook before he sexually assaulted her.

In a press conference on Monday, Beverly Young Nelson said Moore became a regular at a restaurant called the Old Hickory House when he was the District Attorney of Etowah County and she was a waitress.

She said that one night when she was 16 years old, he offered her a ride home when her shift ended, then drove around to the back of the restaurant sexually assaulted her in his car in the parking lot.