Before its IPO, Groupon promised investors that it was going spend more money on data centers.
But its cash flow is brutally tight. Even with the $700 million it raised in its IP), it doesn't have the cash to build its own data center, says BetaBeat.
The company had $243.9 million in cash and equivalents when September closed, according to the Motley Fool.
Growing its roots way back in 1997, when Bob Parsons founded the company, GoDaddy catapulted to fame with its unique proposition that helped individuals and businesses create websites in a hassle-free way. Fast-forward seventeen years later to the present moment, and we now hear that GoDaddy Group Inc. is ready to go the IPO way.
MaidSafe was born, brainchild of David Irvine (who is CEO) and Nick Lambert (COO.)Earlier this month, after eight years work on the underlying technology, the team opened things up to developers.And 500 of them flocked to MaidSafe. That's how many have registered to create applications built for the SAFE network.The founders of a Scottish company called MaidSafe had a wild idea.
Editor’s note: Beth Seidenberg, M.D. , is a general partner with Kleiner Perkins Caufield & Byers, focused on life science and digital health investing. Before joining the firm in 2005, she worked at a number of pharmaceutical businesses, mostly recently as chief medical officer at Amgen. Spurred by the Affordable Care Act , the American healthcare system in 2014 has entered a period of titanic change. The process will be messy and disruptive – it already is.
While you were busy running along walls and throwing missiles back at your opponents during theTitanfallbeta, countless data centers across the world were making sure that each AI-controlled Titan bodyguard had your back. Much of the frenetic action in Respawn Entertainment's debut game rests on one thing: Microsoft's Azure cloud infrastructure.
Barely a week since successfully completing sea trials after a three year hiatus, the venerable research sub Alvin is already earning back the $42 million in hardware upgrades and engineering retrofits it's received—showing off its spaciou
The HAV304 took the crown of “world's longest aircraft” with its inaugural flight today. The gargantuan spans a football field and towers just over two stories in height, owing its construction to pure metal. It sacrifices little in being the world's longest, as it still reaches 100 mph, which is triple that of the dwarfish Goodyear blimp.
If you've previously paid for goods withBitcoinor other digital currency in California, you're technically a criminal -- the state has long had a law requiring US dollars, even if it hasn't been enforced. As of this weekend, though, you're officially in the clear.
Comcast has confirmed that it's going to buy Time Warner Cable to form a huge, tangled monster of awfulness. Hooray! You want out? Lucky for you there are some alternatives to doing business with your monopolistic cable-internet master if you try hard enough. Here are your options, and good luck making your escape. Read more...
There’s a massively multiplayer online game being prepared for delivery this week after the folks at Funcom secured massive amounts of cash to develop it. This game will likely build on the success of the customizability efforts in recent games like The LEGO Movie Video Game.
Facebook's still trying tobrush offthat wholepsychological study with unaware usersthing, but according to a former team member and outside researchers, the social network's data science departmenthashad (changes have been promised) surprisingly free rein over how it polled and tweaked the site.
Newly minted billionaire Nicholas Woodman has generously shared GoPro's success with his whole family. With GoPro's big IPO on Thursday, they all became millionaires. Although he worked hard for his success, it's not a rags-to-riches story. He grew up in Silicon Valley and his father was an investment banker who invested and helped him raise funds for GoPro along the way.
When you travel the world, having a few drinks with your hosts is a great way to get a sense of the local culture. But excessive alcohol consumption can cause physiological consequences . Don't worry—a hangover is universal, and your new friends probably already know a way to cope with it.Read more...
When Box filed its long-awaited paperwork to become a public company, it caused a lot of talk about the financial health of the company, and the long-term viability of its business model. At issue was how much money Box is spending compared to its revenue, particularly on sales and marketing.
Smartphone users are frustrated and deprived by bad service, including slow application load times and frequent service crashes.Looking at it another way, we are like petulant children, whining about the insufficient miracle of technology while we pace in front of a microwave for our frozen burritos to cook.
Raaj Kapur Brar runs a small but successful empire of online fashion magazines from his base just outside Toronto. Some of his titles are huge online brands, such as Fashion & Style Magazine , which has 1.6 million Facebook fans. That's more fans than Elle magazine has. Even his niche brands, such as South Asian Fashion , are huge — it has 1.7 million fans.
Scott Heiferman and Gary Burns had less than four minutes to decide whether to pay up or go down.One Thursday morning, an email popped into their inbox informing Mr. Heiferman, one of the founders, and Mr.