Industry News Update – Week of 10/29/2018:

Last week, Airbnb hired Aristotle Balogh as its new CTO. Balogh was previously a VP of engineering at Google.

Lyft acquired Blue Vision, an AR company that uses its technology to develop high resolution street maps.

Flipkart's FY 2018 revenue increased by 39% to ₹21,658 crore ($2.95 billion) . The company's FY 2018 net loss increased nine-fold to ₹2,065 crore ($281 million).

Bytedance’s valuation increased to $75 billion after the company raised $3 billion.

Epic Games’ valuation surpassed $15 billion after the company raised $1.25 billion.

The news articles and links presented below are available for your reference.

AIRBNB

"Airbnb is Bringing on New CTO from Google"

BYTEDANCE

"Bytedance Is Said to Secure Funding at Record $75 Billion Value”

EPIC GAMES

"Epic Games, Developer Of Fortnite, Now Valued At More Than $15 Billion”

FLIPKART

"Flipkart India’s Loss Rises 9-fold Amid Growth at a Fast Clip"

LYFT

“Lyft Unveils a New Self-driving Car and Acquires an AR Startup to Help it Build Maps"