Recommended Reading: February 6, 2017 - eMarketer
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Recommended Reading: February 6, 2017

eMarketer’s scan of the key developments of the day, plus data to make sense of it all

February 6, 2017

Uber Fights Back Against Ride-Pooling Ban in Indian State

US-based ride-hailing app Uber launched an online petition to protest a ruling by the government of Karnataka state in India, which declared UberPool illegal. Uber said it would not remove UberPool—which lets drivers pick up multiple passengers during a single trip—from its app’s offerings to consumers in India. Domestic ride-hailing app competitor Ola was also affected by the ruling.

Facebook Wants You to Discover More People

The Next Web reports that Facebook is introducing a new feature, Discover People, that allows users to find new connections who work at the same company, live in the same town or are at the same event. eMarketer predicts there will be 1.44 billion Facebook users worldwide in 2017, making up almost 42% of internet users.

Medium Will Introduce Subscription Product

After laying off 50 employees in January and decrying the ad-supported publishing model as “a broken system,” Medium intends to introduce a new consumer subscription product, according to TechCrunch. Medium CEO Ev Williams described the new product as an upgrade of what is already available. The product may be similar to Slate Plus, which was introduced in April 2014 and includes exclusive content and early access to Slate events.

Take-Two Buys Spanish Mobile Game Developer

Take-Two Interactive Software this week purchased Barcelona-based mobile game developer Social Point for $250 million in cash and stock. Founded in 2008, Social Point is best known for free-to-play mobile game titles Dragon City and Monster Legends, which combined have been downloaded more than 180 million times on iOS and Android platforms, according to Take-Two.

Amazon Seeks Approval for Food-Focused Ecommerce Platform in India

The Economic Times reported that Amazon has requested the Indian government approve its plan to invest $500 million in a food-focused ecommerce platform in the country. According to the Times, Amazon intends to fully own the venture. India has tough regulations that bar fully foreign-owned ecommerce platforms from selling products directly to consumers, but the locally produced food items Amazon intends to sell would be exempt from them.

—Cliff Annicelli, Rahul Chadha, Rebecca Chadwick

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