App stores saw record revenue and downloads in Q1 2017

 Mobile applications saw a record number of downloads and revenue in the first quarter of the year, according to a new report from app store analytics firm App Annie out this morning. Across both iOS and Android, downloads grew by 15 percent year-over-year to reach nearly 25 billion worldwide – a figure that includes only new downloads, and not re-installs or downloads from prior quarters.… Read More

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Propel raises $4M to make the social safety net more tech savvy and user friendly

Fresh EBT Some big names are making an investment in food stamps — specifically in Propel, a startup that helps food stamp recipients manage their benefits. Propel is announcing that it has raised $4 million in seed funding from Andreessen Horowitz, Omidyar Network, Kevin Durant’s The Durant Company and Max Levchin’s SciFi VC, as well as previous investors Jay Borenstein, WinWin and… Read More

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LG reports ~10% sales bump in Q1, mobile revenues up 4% QoQ, 2% YoY

 LG Electronics has posted its Q1 2017 results, which show a nearly 10 per cent year-over-year jump in revenue. The electronics maker is reporting KRW 14.66 trillion ($12.70BN) in revenue, an increase of 9.7 per cent from the same period last year. Read More

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Crunch Report | Instagram Grows To 700M Users

Crunch Report April 26 Today’s Stories 

Instagram’s growth speeds up as it hits 700 million users
Twitter desperately needed a hit first-quarter and somehow managed to deliver
Amazon’s new Echo Look has a built-in camera for style selfies
Uber is making it easier to see your rider rating
Investor Chris Sacca is retiring from venture capital

Credits
Written and Hosted by: Anthony Ha
Filmed… Read More

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Personalized travel planner Google Trips gets better at handling your reservations

 Google last fall introduced its own travel planning application, Google Trips, a competitor to TripIt and others, which combines tools to manage your air and hotel reservations with suggestions of places to visit and things to do at your destination. Today, Google Trips is getting its first big update since its fall debut, with the addition of a handful of new features aimed at helping… Read More

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Mobile now accounts for the majority of digital ad spending, according to IAB

 Digital ad revenue grew to $72.5 billion in 2016, up 22 percent from the year before. That’s according to the latest Internet Advertising Revenue Report from PricewaterhouseCoopers and the Interactive Advertising Bureau (a trade group for online publishers and advertisers). The report also says that for the first time, mobile ads accounted for more than half of that spending —… Read More

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