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.
Last year, Facebook launched their “Free Basics” program in India, which promised to bring free internet to all the citizens of the country. On the surface, that seems like a great and noble move. Unfortunately, not all was as it seemed, which is why in December, the country moved to ban the service . Facebook has been fighting hard ever since, but that battle appears to have come to a close.
CEO of Toyota Research Institute, who was formerlyshow Toyota's ambition may go far beyond justmaking safer cars. It rather sounds like Toyota wants to transform itself into a massive software maker that spans multiple industries.1 trillion km per year of potential real-world data" to work with.
If it seems like a new, billion-dollar tech unicorn is born every week, you’re not imagining things.The number of private tech companies valued at $1 billion or more worldwide has surged so much this year that on average 1.3 unicorns have been created every week in 2015, according to data from CB Insights.
Weebly has hired former Path CFO and Google finance executive Kim Jabal as its first finance chief.Weebly was founded in 2007 and has grown into aglobal platform that allows users to easily create unique websites, blogs, and online stores.The San Francisco-basedtech startup raised $35 million in April 2014, for a valuation of$455 million.
According to the pitch, ScriptBook is capable of reading, and understanding, most mainstream screenplays that you upload to it. Its natural-language algorithms read the story from start to finish, creating a report of what works and what doesn't with the piece.
Britain's biggest retailer Tesco has confirmed it has scrapped the planned sale of its Dunnhumby data and loyalty unit. In the supermarket's lousy first half results posted Wednesday, in which its interim profits more than halved, Tesco said it would retain Dunnhumby following a "comprehensive strategic review.
Following yesterday's news about crowdfunding platform Patreon getting hacked , with user details including names and addresses being among what was stolen, now comes the sad discovery that the data — nearly 15GBs worth — has been leaked online.
The FCC has dismissed a petition filed by California nonprofit Consumer Watchdog, asking the commission to require "edge providers" to honor Do Not Track requests. The group named Google, Facebook, YouTube, Pandora, Netflix and LinkedIn as examples of edge providers, which means it wants these websites to allow people to use their services without giving them their data in exchange.
LAS VEGAS — Amazon Web Services doesn’t just want to dominate the global business in selling computing online. It also wants to be the rarest thing of all in the technology industry: a long-lived company.
If Cisco Systems’ new chief executive has his way, in a couple of years he will have a very different company.In his first big public statement since he took the helm in July, Charles H. Robbins said Cisco would move away from selling individual switches and routers — the plumbing of the Internet and other modern communications systems.
This past week, Tesla pulled the cover off its hotly anticipated new crossover SUV , the Model X. Elon Musk's startup electric-car maker threw a very big, very Tesla party in Fremont, California, where Tesla's is headquartered and operates its main factory. We already knew pretty much everything about the Model X, but seeing was definitely believing.
Earlier this year, Tesla pulled the cover off its hotly anticipated new crossover SUV , the Model X. Elon Musk's startup electric-car maker threw a very big, very Tesla party in Fremont, California, where Tesla is headquartered and operates its main factory. Tesla is now a two-car company, as the Model X joins the Model S sedan in the lineup.
If you aren't impressed with the 23 megapixel camera sensors on some of the highest end smartphones, then this one might just knock you off your feet. Of course, it isn't going to be used on a smartphone, or any small device for that matter. This 3.2 gigapixel camera will be the digital eye of the Large Synoptic Survey Telescope (LSST) on top of the Cerro Pachn mountain in Chile.
Among privacy groups in the United States, Jonathan Mayer is known as a vocal advocate who has defended the right of consumers to turn off online tracking of their browsing activities.Among digital security experts, Mr.
At the closing bell, shares of Atlassian, listed under the symbol TEAM, were trading for $27.78, up 32% from the $21 level it priced its shares atand giving it a hefty $5.78 billion market cap.Atlassian basicallygrew $1.2 billion overnight. And considering that it was valued at $3.3 billion as a private company, that's especially impressive.
AppDirect, a San Francisco-based startup, has raised $140 million in a round led by a fund advised by JPMorgan Chase. That round values the company at $1 billion as it furthers its master plan to be the middleman of choice in the exploding cloud-software business. This big round comes only seven months after AppDirect raised $50 million in a deal led by Mithril Capital Partners.
Microsoft has launched a new kind of cloud service in Germany where user data is controlled by a "data trustee" operating under German law. Microsoft is unable to access user data without the permission of the data trustee or the customer, even if it is instructed to do so by the US government. If permission is granted by the data trustee, Microsoft will still only do so under its supervision.