At TwilioCon in San Francisco today, Twilio is unveiling a new billing system for its API. This new in-app billing solution is called "Twilio Connect," and it provides a much simpler model for developers to implement customer billing when it comes to recurring charges for SMS and phone calls.
While we typically associate API trading with big brokerages or hedge funds running high-frequency arbitrage strategies, in reality, it's a broader market with many more opportunities for entry than most people think. API trading involves executing trades that are generally placed by an algorithm.
Based on a filing with the FTC, Robert Scoble is reporting that Apple bought Siri and its voice-driven personal assistant. The iPhone app, which we covered in February, uses over 35 APIs to find the exact data the user seeks. With a price rumored at $200M, this is by far the most paid for a mashup.