THE NEWS WRAP: Facebook ‘lite’ launches for users in developing countries
Thursday, June 4, 2015/
Facebook has launched a ‘lite’ version of its Android app that works well on poor networks and outdated phones and is designed specifically for the developing world.
TechCrunch reports the app doesn’t offer data-intensive features like videos or Nearby Friends. These stripped-back features allow Facebook users to access the app quickly and cheaply from some of the most remote corners of the globe.
It’s part of a long-running push from Facebook to grab users from the developing world. Five years ago it launched Facebook Zero, a text-only version of Facebook that aimed to encourage people to use the internet. Recently it’s been running Internet.org a program which plans to bring five billion people online.
Uber celebrates 5th birthday
Transportation network startup Uber has celebrated its fifth birthday where founder and chief executive officer Travis Kalanick outlined his broad vision for the company.
The Verge reports Kalanick told the audience in plain terms Uber wants to make its service so inexpensive that it’s not just cheaper than owning a car, but even public transport.
TechCrunch writer joins 500 Startups
TechCrunch writer Ryan Lawler is joining 500 Startups as venture partner. He describes the decision to move from TechCrunch to 500 Startups as choosing from “two delicious pieces of cake”.
The Dow Jones Industrial Average is down 170.69 to 17,905.58. The Australian dollar is currently trading at US77 cents.