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Month: December 2014

Mobile Commerce Consolidation As Mozido Takes Majority Stake In CorFire

Just days after Dutch digital commerce provider Adyen announced a $250 million round of funding, another heavily capitalised player in the space has made an acquisition to up its game. Mozido, a mobile commerce specialist that raised $185 million in October 2014 after raising $103 million in May, has taken a majority stake in CorFire, another mobile commerce startup that focuses on point-of-sale payments. Terms of the deal are not being disclosed but the size of the stake is big enough to have altered the name of the bigger company: Mozido will now be known as Mozido CorFire Inc. We do have a small hint that it was potentially in the hundreds of millions of dollars: “We can tell you that the investment reflected the value of CorFire’s customer base and technology expertise and is reflective of the valuation of similar deals in the market,” a spokesperson tells me. Adyen, another company that offers a complete suite of mobile and online-commerce-related services, was valued at $1 billion with its last funding round. Previously, CorFire had been 100% owned by SK CC, the IT services division of South Korea’s giant SK Group. CorFire is one of SK’s numerous investments into U.S. tech, and one of several headquartered in Atlanta, Georgia (this goes back far; recall SK Group company SK Telecom working with Atlanta’s Earthlink on a JV that became Helio back in 2005). SK CC...

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Flickr Removes Creative Commons Images From Its Wall Art Program Following Backlash

Last month, Flickr expanded its Wall Art print service to include images from the photo-sharing site’s professional artists as well as images licensed for commercial use through Creative Commons. The project was originally intended to allow photographers profit from the sale of images made into prints, but it generated controversy when users realized that Yahoo (Flickr’s owner) would keep all of the revenue from Creative Commons images. Though that didn’t violate Creative Commons’ licenses, it angered many of the site’s photographers. In response, Flickr removed Creative Commons-licensed work from the service. In a blog post, it said: We hear and understand your concerns, and we always want to ensure that we’re acting within the spirit with which the community has contributed. Given the varied reactions, as a first step, we’ve decided to remove the pool of Creative Commons-licensed images from Flickr Wall Art, effective immediately. We’ll also be refunding all sales of Creative Commons-licensed images made to date through this service. Subsequently, we’ll work closely with Creative Commons to come back with programs that align better with our community values. Users will still be able to order prints from their photostreams, as well as licensed artists in the Flickr Marketplace. The Wall Art program and Flickr Marketplace are part of the site’s initiatives to better compete with rivals like 500px by attracting professional photographers who want to make money off...

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Nike Free 4.0 Flyknit "Poison Green/Total Orange"

The Nike Free 4.0 redesign that came about in 2014 continues into the new year in combination with Flyknit construction, in this latest “Poison Green/Total Orange” iteration. The shoe’s upper is completely woven with a black base and streaks of vibrant green and orange throughout, sitting atop a Nike Free flexible sole. Contrasting white Nike Swoosh branding completes the silhouette. You can order your pair via the official Sneaker Politics site here.     Article source:...

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GOODENOUGH × Teva Chair 5 2 Print WP Snow Boots

Japanese revival streetwear brand GOODENOUGH has partnered with the footwear expertise of Teva to create a pair of heavy-duty snow boots. Built upon the all-weather Chair 5 2 Print WP sole from Teva, the silhouette sports high-contrast branding across the lateral quarter extending around the back, while this season’s GOODENOUGH tartan check pattern has been applied to the inside lining. The boot’s lightweight and tough technical construction is also collapsible for easy packing. Suitable for wearing out to town or in the snow, these boots will be made available at select accounts towards the end of December. Article source:...

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Nike Air Max 1 Ultra Moire "White/Challenge Red"

Nike has released the updated Ultra Moire silhouette of the iconic Nike Air Max 1, having shed much of its weight with a pared-down design and elimination of all seams. This time around, the shoe sports the original White/Challenge Red colorway, and features breathable, perforated construction throughout out the upper in white with red overlays on the panel, branding and mudguard, which all rests atop a white sole unit. The Nike Air Max 1 Ultra Moire “White/Challenge Red” is now available for pre-order online at Sneaker Politics for $130 USD. Article source:...

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