Jumat, 19 Januari 2018

Amazon bumps up Prime membership fees. It's The Daily Crunch.

FRIDAY, JANUARY 19 2018 By Anthony Ha

Amazon is bumping up the monthly fee for Prime, Snap confirms layoffs and the SEC has concerns about cryptocurrency-based funds. All that and more in The Daily Crunch for January 19, 2018.

1. Your monthly Amazon Prime membership fees are about to increase

The monthly price is going up from $10.99 to $12.99 per month, and student pricing is increasing, too. However, if you decide to pay for a full year up front, the price is holding steady at $99.

The higher pricing kicks in today for new members, and will affect existing subscribers after February 18.

2. Snap Inc. lays off at least two dozen amid slowed user growth and engagement

More than half of the two dozen employees laid off yesterday were part of the content team. Snap says that what's left of the content division will now move to the company's Venice, Calif. headquarters.

3. SEC cools traders' hot plans for cryptocurrency-based exchange traded funds

In a strongly worded letter, the director of the SEC's division of investment management said there are "significant outstanding questions" around how funds that hold large amounts of cryptocurrencies will satisfy regulatory requirements.

4. Google inks patent deal with Tencent

The terms were not disclosed, but Google said the tie-in with Tencent, which is valued at over $500 billion, covers "a broad range of products and technologies" and is "long-term."

6. Uber's big SoftBank deal has officially closed

Among other things, this means that Uber founder Travis Kalanick is a billionaire in reality, not just on paper.

7. Podcast Friday!

Check out Equity for a discussion of Dropbox and Xiaomi's IPO plans, and Original Content for a review of the new Amazon series Philip K. Dick's Electric Dreams.

Get more stories at techcrunch.com 

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