This is the TechSummit Rewind, a daily recap of the top technology headlines.
Handbrake updated to v. 1.0.0 after 13 years of development
Video conversion app Handbrake is one of the world’s most popular in its niche, however it’s just coming out of beta after 13 years in development.
A load of new features is packed in, like new video presetx for the latest smartphones, tablets, consoles, and streaming devices. For backing up your movie collection, the app also includes new Matroska presets with support for Google’s VP9 video codec and Opus audio. Other noteworthy additions include the ability to select specific DVD titles and chapters to rip, improved subtitle support, and the option to queue up multiple encodes.
The team has also released new documentation for its Windows, Mac, and Linux apps that take you through the best ways to convert video, create advanced workflows, and troubleshoot any potential problems.
Fake news triggers Facebook Safety Check in Bangkok
Facebook falsely activated its Safety Check feature after a flood of fake news suggesting that there was an explosion in Bangkok, Thailand.
Users in the country saw an alert to make themselves safe, but saw little details on where the reported explosion occurred. It was deactivated about an hour later.
Rent the Runway raises $60M
Rent the Runway has closed a new $60 million equity investment led by mutual fund company Fidelity with additional money coming from existing investors like Bain Capital Ventures and TCV.
“[G]iven a tougher market over the past year or so, I wanted to put the company into a sustainable financial situation where we were not beholden to external swings in the economy. We achieved that and saw that the market rewarded the strong financial foundation we had built.”
-Jennifer Hyman, Rent the Runway CEO
According to Hyman, the new money will help grow the company’s business after than it otherwise would, however market spending isn’t expected to grow beyond its existing four percent of revenue.
Chinese investors buy stake in HERE
Chinese mapping company NavInfo, Tencent, and Singapore’s GIC sovereign wealth fund are buying a 10 percent stake in the HERE digital maps company.
According to HERE, owners Audi, BMW, and Daimler will reduce their combined stake in the company by 10 percent.
HERE will now form a joint venture with NavInfo to extend into China with NavInfo’s data and services, while Tencent will now use HERE’s mapping and location platform services in its products around the world.
T-Mobile rolls out Galaxy Note 7 battery shutdown update
T-Mobile has become the first U.S. carrier to begin rolling out the battery shutdown update for the recalled Samsung Galaxy Note 7.
According to the changelog, the update will offer an on-screen reminder to owners about the recall and the steps required to return their defective device. Once the update is install, the device will be unable to charge.
AT&T & Verizon plan to roll out the same update on Jan. 5, while Sprint will do so on Jan. 8.