New Coast Journal

The week of August 8, 2016

Facebook Cripples Ad Blockers on Its Site, Gives Consumers New Control Over Ads (read more)
Consumers now have all the power. Literally. Facebook is simultaneously making it easier for users to control what ads it shows them and harder for ad blockers to work on its site.

Walmart, In Acquiring Jet.com, Gets More Than An Early Leg Up On Amazon (read more)
Watch out, Amazon. With the purchase of Jet.com on Monday for $3.3BB, Walmart is flexing its muscles and showing they are getting serious about taking on the eCommerce giant.

Twitter will open its storytelling product, Moments, to everyone (read more)
Twitter’s joining the story party it seems. In the next few months, Twitter will be make their storytelling feature, Moments, available to everyone. Stories seems to be the buzzword of the Summer.

Disney is investing $1 billion in streaming tech and will launch a streaming sports network — but it won’t include ESPN (read more)
Disney is getting pretty serious about streaming video. The multinational media and entertainment conglomerate recently bought a third stake in BAM Tech — already backed by Major League Baseball. The catch — Disney won’t be including ESPN in the streaming service.

In Tough Climate, New Investors Scoop Up Startups and Revamp for Sale (read more)
Welcome to the world of house flipping — but in this case it’s with startups. With many startups struggling to find new venture funding, a new group of hybrid venture capital-private equity firms is buying ailing startups, revamping them and reselling them for profit.