AT&T Acquires AppNexus for $1.6 Billion
AT&T has confirmed that it is buying AppNexus for $1.6 billion. AppNexus is a technology company whose cloud-based software platform enables and optimizes programmatic online advertising. AT&T will continue to invest in and build on AppNexus.
PayPal introduced a debit card for the Venmo mobile app. The users of Venmo's MasterCard debit card can pay in stores using the balance on their app instead of transferring funds to their bank account. The card will allow up to $400 in daily withdrawals.
San Francisco based startup Winnie raised $4 million led by Reach Capital. Winnie is a platform for parents that has a directory of kid-friendly places. There is also an online community where parents can ask questions and participate in discussions. Winnie has raised $6.5 million to date.