Ride hailing firm Grab secures up to $700 million in debt facilities

SINGAPORE (Reuters) – Grab, the main Southeast Asian rival of Uber Technologies Inc [UBER.UL], said on Friday it had secured debt facilities of up to $ 700 million to help it create the largest car rental program in southeast Asia. FILE PHOTO: People wait for the start of Grab’s fifth anniversary news conference in Singapore […] Read more »

In France, Snap's Discover news feature gets 10 million monthly users

(Reuters) – Snap Inc, searching for ways to reinvigorate a slowing growth rate and increase advertising revenue for its Snapchat messaging app, said this week it has racked up 10 million users for its Discover news and video feature in France a year after launching there. The figure, which has not previously been reported, is […] Read more »

Inscrutable Amazon Bill: Behind It, a $1 Million Savings

When Segment found its AWS bill going up unexpectedly, it did a deep dive to find the cause and realized a $ 1 million annual savings. InformationWeek: Cloud Related Posts:Larry Ellison says Amazon is ’20 years behind’ OracleLarry Ellison says Amazon is ’20 years behind’ OracleRide hailing firm Grab secures up to $700 million in […] Read more »

Oracle pays $532 million to snatch up another cloud service provider

Hard on the heels of a similar purchase last week, Oracle has announced it will pay $ 532 million to buy Opower, a provider of cloud services to the utilities industry. Once a die-hard cloud holdout, Oracle has been making up for lost time by buying a foothold in specific industries through acquisitions such as this […] Read more »

Uber investing $1 billion in India, targets 1 million daily rides

Uber Technologies expects to hit over 1 million trips per day in the next six to nine months in India, the largest market outside the U.S. for the ride-hailing company. The company said Friday it was making a new investment of US$ 1 billion in the country over the next nine months. The money will […] Read more »