Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Google has acquired Fly Labs, the company which enabled its users to edit photos ad videos in a simpler and easier way. In last 18 months the app has been downloaded for more than 3 million times and around 20 million videos has been made using this app. fly labs is joining Google Photos team in Mountain View, California.
“We’re excited to continue on our mission by joining Google and the Google Photos team in Mountain View, California. Google Photos is a home for your life’s memories, powered by Google’s machine learning and computer vision technology. It’s a perfect match for what we built at Fly Labs, and we’re looking forward to folding our technology into Google Photos. We’ll be pouring the same passion into Google Photos that we poured into Clips, Fly, Tempo and Crop on the Fly.
Meanwhile, as of today, all Fly Labs apps are completely free with no in-app purchases! The apps will be available on the App Store for another 3 months – so you can still download them and use them to get creative with video – but please note that we will not be submitting any more updates to the apps. Once the apps are removed from the App Store you will still be able to use them, but they will no longer be available for download.
We’d like to thank our users, our beta testers, our investors, our friends, our families, and everybody who helped us get this far. Onwards and upwards!”, Said Fly Labs Team.