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.
Hewlett-Packard has lowered expectations for one of its biggest bets, called the Machine. The new version may actually be more promising.HP, which is splitting into two separate companies on Nov. 1, last year announced the Machine with great fanfare.
IBM wants the world to stop thinking of the massive $120 billion cloud computing market as being a three-way race between Amazon, Microsoft, and Google. So on Wednesday it started talking about a huge cloud it built for the US Army that processes more transactions than the New York Stock Exchange.
Facebook’s plan to change big computing is moving fast and is attracting more companies to its plans.The company announced on Tuesday that it would give away designs of two crucial elements of its enormous computing centers, both computer servers and networking.
Dave Goldberg is half of one of Silicon Valley's most powerful couples. He's the CEO of uber successful Valley company SurveyMonkey, with an epic career that began in the Internet bubble days. And he's married to Sheryl Sandberg, the COO of Facebook. By any measure, Goldberg has a fantastic life.
At IBM's Investor's Day meeting on Thursday, IBM CEO Ginni Rometty laid out a new strategic goal for the company, after failing to meet the last one set by her predecessor, Sam Palmisano. She is shifting $4 billion to spend on four fast-growing markets: cloud, big data/analytics, enterprise mobile/social, computer security.
Remember that failed Sapphire plant in Arizona, where Apple was supposed to churn out tons of their favorite screen material for use on iPhones and every other gadget they could think up? When GT Advanced failed to make good on their deal with Apple for Sapphire glass, Apple promised to repurpose the building.
This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. Learn more about our 7-day FREE trial now FITBIT’S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share.
Amazon is set to open distribution centers at two large US colleges and offer students next-day delivery of textbooks and other items throughco-branded websites. The universities of Massachusetts Amherst and Purdue say that the deal means students will savenearly $400 annuallyon textbooks. Amazon is also giving the schools a 0.5-2.5 percent cut, which will net at least $1.
Facebook wants the world to see a lot more patterns and predictions.The company said Friday that it was donating for public use several powerful tools for computers, including the means to go through huge amounts of data, looking for common elements of information. The products, used in a so-called neural network of machines, can speed pattern recognition by up to 23.5 times, Facebook said.
Apple is paying its retail boss Angela Ahrendts $73.4 million in cash and stock, according to a new filing . By contrast, Apple CEO Tim Cook's compensation is about $9 million. Here's Apple's explanation for Ahrendts' pay from the filing. She was making about $37 million at her former job as CEO of Burberry:In determining her transition package, the Compensation Committee considered Ms.
T-Mobile has shuffled their executive order. Mike Sievert will move from Chief Marketing Officer (CMO) to Chief Operating Officer (COO), which has been created specifically for him (T-Mobile didn’t have a COO before today). Taking Sievert’s place in the marketing department is Andrew Sherrard, who takes control of all T-Mobile marketing.
Apple operations chief Jeff Williams says that ResearchKit — the suite of medical research tools for the iPhone that Apple launched in March —has already helped researchers make a lot of interesting discoveries, including that anger appears to be one of the biggest triggers for asthma in New York (at least in people who use the app).
Klpping added: "It's a small country but it shows what can happen if you make a nice product. We tried to make a really nice product, that's what we like to do. We put all the newspapers and magazines from one country into one system and got young people starting to pay for journalism...[and start getting them] in the habit of paying, like they do for music and films nowadays.
paying high interest rates to unregulated moneylenders. Instead of storing their assets in banks, they hide their cash under the mattress where it only loses value over time.The Gates Foundation predicts that by 2030, the2 billion people who don't have a bank account will be making payments and purchases with their phones.
SCOTTSDALE, Ariz. — To observe the major forces at play in the education technology sector, one needed only to stand near the marble fountain in the Phoenician Resort lobby this week.That’s where hundreds of venture capitalists and executives attending an annual ed tech industry conference arranged — in full view of their rivals — to meet one another privately.
On Monday, German software company SAP released a new crop of products , redesigned from the ground up to take advantage of its four-year-old database called HANA. "If this doesn’t work, we’re dead. Flat-out dead. It’s that simple," SAPs charismatic 71-year-old founder and chairman Hasso Plattner told Re/Code's Arik Hesseldahl after the launch. He's not exaggerating.
In April of last year, multiple states experienced 911 service outages, and as part of that Verizon in particular had an outage in California that affected about 750,000 people and 13 different call centers. The outage took place for several hours, and Verizon did not notify officials about it as it was required to do.