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.
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
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 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.
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.
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.
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.
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.
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.
Revenue for the year ended January 31, 2014 was $124 million, which is up 111%. It had a net loss of $168 million over that period, compared to a loss of $112 million the year before. Sales and marketing expenses were $171 million. Note that this is higher than its revenue.
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.