The Big Story
Snapchat snaps up mobile search app Vurb for $110 million. Adam Besvinick tweets: “Snapchat buying Vurb is chess move for increasingly savvy M&A team—great team, compelling commerce play, and online-to-offline applications.”
On-demand startups struggle to make the economics of Uber work for them. “Uber-for-anything #startups are failing on their promise to make cheap, and quietly misleading customers about it,” Karan Rajpal tweets.