PayPal crypto & Q3 results, New Apple products, Netflix TV, Spotify on Apple Watch, WhatsApp updates, Conscious Product Oath, Better roadmaps & more

Welcome to a new edition of el producto

🎰 The week in figures

$2B: ByteDance is in talks with Sequoia and other backers to raise as much as $2B on a $180B valuation; the funding round is set to occur before ByteDance lists some of its businesses on the Hong Kong stock exchange

835M: Walmart-owned digital payments app PhonePe hit 835M transactions in India last month; by comparison, Google Pay saw 820M transactions, Paytm 245M, and Amazon Pay 125M; the apps operate via UPI, a four-year-old payments infrastructure controlled by India’s banks; UPI has recorded more than 2B transactions to…

What if…

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Image for post

Hypothetical conversation between two Product Managers

A: What if our products were measured by their positive impact on society?

B: Wow. That sounds really abstract. Tell me more.

A: Instead of just measuring business results, we could try to capture our social footprint.

B: Wait, but you still need to deliver business results. How are you going to keep the company afloat otherwise?

A: Of course. One thing does not exclude the other. I mean, you can be a profitable business and at the same time make a positive impact beyond your company walls.

B: Isn’t that what every company says? I have never seen anybody saying: we will give results at the expense of leaving a worse world behind. …

Big Tech Q3 results, YouTube growth & updates, Apple Search push, Google dark mode, Facebook’s tech strategy, Types of marketplaces, Live shopping, & more

Welcome to a new edition of el producto

🎰 The week in figures

100B: WhatsApp is delivering ~100B messages per day; doubled from 2014

$12B: Google paid Apple $8B-$12B to serve as the default search provider on Apple products, according to the Justice Department’s antitrust suit against Google, which alleges the search giant used its market power to snuff out competition; it also alleges Tim Cook and Sundar Pichai met in 2018 to discuss strategies for driving growth in search revenue; a senior Apple employee allegedly wrote to a Google counterpart, suggesting they work together as if one…

Spotify’s morning show, PayPal crypto, Apple Music TV, Amazon Gaming, Developing your Product career, Q3 financials, Interview questions, & more

Welcome to a new edition of el producto

🎰 The week in figures

$100.7B: Huawei reports ~$100.7B revenue for the first three quarters of 2020, up 9.9% YoY; it had a profit margin of 8%; by comparison, the company reported growth of 24.4% and an 8.7% profit margin for the same period last year; Huawei notes US sanctions have affected its business, but notes the full impact will not be realized for some time

$5B: Nextdoor — the social network for neighbors — plans to go public at a valuation of…

Ethical Product Management, Zoom and Google Search updates, Messenger<>Instagram integration, Good Product Design, & more

Welcome to a new edition of el producto

🎰 The week in figures

$280B: Ant Group is lifting its IPO target valuation from $250B to $280B; the company has seen strong demand ahead of the dual listing which is expected to raise as much as $35B

$164B: Huawei is China’s most valuable consumer electronics firm, worth ~$164B; Xiaomi is second with ~$64B; Vivo is worth ~$30B, Oppo ~$25B; DJI rounds out the top five with a valuation of ~$15B

$40.4B: The value of global acquisitions for VC-backed companies jumped to $40.4B in Q3’20. Though this excludes deals without a price tag, the figure indicates a strong recovery from the $15.6B worth of deals in Q2’20. The most active buyer in Q3’20 was Apple with 3 acquisitions: contactless payment startup Mobeewave; podcast streaming service Scout FM; and AR/VR developer for theme parks…

Salesforce to acquire Slack, Google’s crowdsource tasks app, How Uber makes money, Go-to-market fundamentals, Pitch deck examples, Financial ecosystems, & more

Welcome to a new edition of el producto

🎰 The week in figures

$100B: Fintech firm Stripe is looking to raise new funds at a valuation of up to $100B; the payments company was last valued at $36B; the report notes Stripe is well capitalized and may not move forward with the funding round

$7B: Discord is raising funds at a $7B valuation; the company raised $100M at a $3.5B reported valuation in June; as the pandemic has driven usage, Discord has expanded its voice and video capacity by 200%, added features to simplify server creation and video communication, and a Safety Center to combat hate speech and more; raised $380M to…

Twitter ephemeral messages, Strava funding, Amazon Pharmacy and smart glasses, Microsoft Teams Apps, Lightweight JTBD, & more

Welcome to a new edition of el producto

🎰 The week in figures

$3.6B: Baidu ($50B market cap) to acquire livestream business YY.com from JOYY for $3.6B in cash; YY claims 4M paid users; platform influencers often sell goods via the app; YY also owns a ~$1.45B stake in Singapore-based Bigo, which operates two streaming apps outside China; the deal only includes YY’s Chinese business

$270M: Beijing-based PingCAP, which develops the NewSQL TiDB, raises $270M Series D; the open-source platform, which handles hybrid transactional and analytical processing, targets high-growth companies and claims Square, Shopee, and Dailymotion as users; raised $342M to…

Bolt scooters expansion, Disney+ growth, Alexa Care Hub, New MacBooks and macOS 11, Product 2021 conferences, Marketplaces library & more

Welcome to a new edition of el producto

🎰 The week in figures

$115B: Alibaba and JD.com collectively generated ~$115B in sales during their annual Singles Day events; both companies offers discounts from Nov 1 through Nov 11; Alibaba racked up ~$74.1B in sales across its family of e-commerce websites, which compares with $38.4B last year (2019 was a 24 hour event). Overall, Singles Day sales generated 583k orders per second during the peak of the annual sales event

$27B: ByteDance is set to generate ~$27.2B in ad revenue within China by the end of this year; the company is aiming to bring in $30B in overall revenues for 2020; Douyin (the Chinese version of TikTok) accounts for 60% of the company’s revenues, followed by news aggregator Jinri Toutiao at…

Spotify lyrics search, iPhone 12 lineup, G Suite rebrand, Driverless ride-share, Airbnb IPO plans, Growth strategies, Takeaway.com buys GrubHub, & more

Welcome to a new edition of el producto

🎰 The week in figures

$6.9B: Takeaway.com shareholders approve $6.9B acquisition of GrubHub but reject a compensation package for GrubHub CEO Matthew Maloney; the package included a $745k annual salary with stock and option grants worth up to ten times that; Takeaway Founder and CEO Jitse Groen will lead the Amsterdam-based combined company, the largest food delivery business outside of China

$2.2B: Japanese electronics firm NEC acquires Switzerland-based fintech company Avaloq for ~$2.2B; …

LinkedIn’s redesign, New Google’s products, Messenger<>Instagram communication, OKRs, Palantir & Asana’s IPOs, Acquisition vs Retention , & more

Welcome to a new edition of el producto

🎰 The week in figures

$16.5B: Palantir debuts at $10 per share in NYSE direct listing, giving the company a $16.5B market cap; the exchange previously set a reference price of $7.25; investors valued the firm at $20.4B for a funding round in 2015

$4.4B: Work management and productivity software maker Asana debuts on NYSE via direct listing, jumps 39% to $29 per share, giving the company a $4.4B market value

$3B: Airbnb seeks to raise $3B at IPO; the company announced its confidential filing in August; reportedly plans to make the filing public in November, after the presidential election, and to list in December; the company could achieve a valuation of…

About

Angel Jaime

Full-time learner, product stuff, “triathlete” & global traveller. Creating cool products @ Revolut, formerly @ Booking.com and @ Just Eat.

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