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Mobile Minutes: Fitbit inches towards mobile payments; Nokia returns to phones; Food delivery shakeout; Amazon’s plans

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May 19, 2016

Screen Shot 2016-05-18 at 3.18.41 PMFitbit acquires mobile payments technology but won’t add this year
Fitbit is moving to add a mobile payments feature to its market-leading line of activity trackers, but slowly.
Read more on Fortune

Nokia name to return to mobile phones after licensing deal
The Nokia name will return to the mobile phone market after a company backed by one of its former executives teamed up with manufacturer Foxconn to buy the rights to the brand for mobile devices.
Read more on Reuters

Food-delivery startups head for shakeout as venture money slows
As entrepreneurs around the world founded technology startups in the past few years to deliver food to diners’ doors, perhaps no market grew quite as riotously as India. Customers could order entrees, main dishes and desserts from different startups, none of which required a minimum order. Discounts were plentiful and delivery was free.
Read more on Bloomberg

Amazon plans more stores, bulked-up prime services
Amazon.com Inc. Chief Executive Jeff Bezos on Tuesday promised more retail stores as well as new services for the company’s Prime unlimited shipping membership.
Read more on The Wall Street Journal

 

 

 

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