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.
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.
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.
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.
When Cisco bought Crescendo, it acquired another engineer, Jayshree Ullal in the deal. Ullal led Crescendo's marketing and stayed with Cisco for 15 years, eventually named senior vice president of data center & switching, reporting to John Chambers.in Cisco stock. The price was ultimately based on how big a market Cisco thought it could capture.There are three legendary engineers at Cisco known as "the heart, soul and brains" of the company: Mario Mazzola, Prem Jain and Luca Cafiero. Over the past 20 years, Cisco CEO John Chambers has funneled $2.38 billion to them and their teams, even though, for much of their careers, they have technically not worked at Cisco at all. It's a highly unusual way to retain top talent, something known as a "spin-in." A "spin-in" is a form of R&D in which a company is the sole investor in a startup.
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...
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.
For what probably amounts to a relatively small amount of money, Hewlett-Packard just made a big bet.Thursday afternoon, HP said it had entered an agreement to acquire a company called Eucalyptus, which makes open source software for managing cloud computing systems.
For the second year in a row, Salesforce.com is hosting a hackathon that will dole out $1 million in prizes. But after last year's disastrous contest , which wound up costing the company $2 million in cash and a red face, it has changed the rules. And, sadly, the biggest prize in hackathon history is gone.
Last week Twitter unveiled a brand new bug bounty program that pays security researchers (or hackers) to report vulnerabilities on its platform. We decided to reach out to HackerOne , the company behind the bounty program to learn more about how tech companies communicate with independent hackers to better protect their products and services.
Thomas Edison would be proud. General Electric, the company he started, still knows how to make a buck off cutting-edge technology.In this case, the technology is in the so-called Internet of Things, in which sensors feed data to central repositories, which can analyze and manage enormous amounts of data from the machines.
Shares are trading at about $28 on Wednesday after reaching a high of over $97 in March (the 52-week range is 27.22 - 97.35, most of it since March). When it launched as a public company in September, it priced its shares at $20.One reason why analysts have been so hot on the company is because the company's flagship product solves a really hard computer security problem.
Google spits out about 4 million search results per minute (among many other duties), which consumesa lotof energy. According to a recent blog, it cut its electrical bills significantly by applying the same kind of machine learning used in speech recognition and other consumer applications.
WASHINGTON – More than 3.7 million comments poured into the Federal Communications Commission over the four months that it was seeking public input on its proposal for “Promoting and Protecting the Open Internet,” also known as net neutrality.That demolished the previous record of 1.
The recent big tech IPOs of companies likeFacebook,TwitterandTeslacould all be dwarfed soon by a company with roots far outside Silicon Valley. Chinese e-commerce giant Alibaba Group justfiled documentsfor its own offering (choosing to trade its stock in the US over Hong Kong) and while its value has not been determined, it could result in the biggest IPO ever when it's all said and done.