Weekly Tech News, Week of March 13-17

Here we will gather all the nifty stuff that’s new in the world of technology. Welcome to the inaugural edition!

The best social media site that’s not actually social media: And the award goes to Venmo. Just kidding–that was a leftover Oscars reaction. For those of you unfamiliar with it, Venmo is an app attached to PayPal. It is a peer-to-peer money sharing network in which you can pay your friends online. Say you enjoyed a night out with friends and didn’t have the cash. You can send your friend your half of the evening’s debauchery instantly via Venmo. Sounds pretty straightforward, right? Not so fast–Venmo has become a vicarious way to peek into the most intimate details of people’s lives, specifically, their wallets. When you press “pay” you also add in a memo how the money was spent. In this way, you give your friends a birds-eye view of how you spend your money. This makes Venmo one of the most entertaining and enlightening sites on the Internet.

Marissa Mayer will make more money being unemployed than I will make in ten lifetimes. Verizon completed its buyout of Yahoo! last month at a substantial discount–$350 million under the initial asking price. As a severance package, CEO Marissa Mayer will receive “golden parachute compensation” totaling over $23 million after Verizon successfully closes its buyout of Yahoo’s remaining internet properties. Must be rough–I don’t know how the poor lady will be able to keep up with all of her bills.

Instacart races past other competitors in the grocery business. Instacart, a grocery delivery startup, raised $400 million in a new round of financing. The company is now valued at $3.4 billion. Instacart executives declined to comment, but Instacart CEO Apoorva Mehta confirmed the deal. Mehta spilled the beans in a company blog post last week.  This financing means that Instacart’s few competitors, Shipt, Postmates, and StorePower, will be hard-pressed to keep up with the company in the grocery delivery biz.

The next wave of biomedical technology is here. According to the National Institute of Biomedical Imaging and Bioengineering, a new device with wearable biosensors can tell you when you’re sick. The device, similar to the Apple Watch or Fitbit, can detect physiological changes immediately. Changes in physiology can reveal health issues, especially when the wearer monitors these parameters. You can read the full article here.

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