Aug 2, 2017

Report: Snap may acquire Chinese drone selfie company

barnimages.com

Snap Inc. is reportedly in touch with Chinese selfie drones-maker Zero Zero Robotics about an acquisition, The Information reports. Zero Zero currently sells its "Hover Camera Passport Drone" exclusively at the Apple store for $500, per The Information, and denies merger talks.

Why it matters: Snapchat has rebranded itself as a camera company since its IPO in March, but until now, its only camera product, Spectacles, has driven small amounts of revenue. (Spectacles only accounted for about 8% of Snap's revenue in Q1 of this year.) This acquisition would add another hardware product or at least concept to Snap's portfolio.

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Jacob Knutson
6 hours ago - Politics & Policy

Biden clarifies comments on African American and Latino communities

Joe Biden delivering a speech in Delaware in July. Photo: Mark Makela/Getty Images

Joe Biden explained on Twitter Thursday night what he "meant" by earlier comments suggesting that "the African American community is a monolith."

What they're saying: "Unlike the African-American community, with notable exceptions, the Latino community is an incredibly diverse community with incredibly different attitudes about different things," Biden remarked in an interview hosted by the National Association of Hispanic Journalists and the National Association for Black Journalists, Politico reports.

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Axios
Updated 6 hours ago - Politics & Policy

Ohio Gov. Mike DeWine tests negative for coronavirus after positive result

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine (R) tested negative for the coronavirus after initially testing positive earlier Thursday, his office announced.

Why it matters: 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol.

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Axios
Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 18,996,008 — Total deaths: 712,476— Total recoveries — 11,478,835 — Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 4,877,115 — Total deaths: 159,990 — Total recoveries: 1,598,624 — Total tests: 59,652,675 — Map.
  3. Politics: Pelosi rips GOP over stimulus negotiations: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Majority of Americans say states reopened too quickly — Fauci says task force will examine aerosolized spread — Study finds COVID-19 antibodies prevalent in NYC health care workers.
  5. Business: The health care sector imploded in Q2 — More farmers are declaring bankruptcy — July's jobs report could be an inflection point for the recovery.
  6. Sports: Where college football's biggest conferences stand on playing.
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