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.
It's used by everybody from web companies like eBay to healthcare companies like UC Irvine Medical Center.Hortonworkspriced at $16 and jumped almost 50% to over $24. It's up about 40% at the time of writing., which raised close to $1 billion and was the biggest US tech IPO of the year. It offers an online network for individuals to get personal loans more easily.
Cheap, mass-produced semiconductors have transformed our world, with smartphones, laptops, sensors and tablets, all connected to big cloud computing systems.Now the business power of that transformation, in particular the size and might of the biggest cloud systems, is in turn affecting the powerhouses of the information age.
Snapchat has hired Imran Khan, the Credit Suisse banker who led Alibaba’s IPO earlier this year, the Financial Times reports . His title will be chief strategy officer. Khan joins a bunch of senior-level hires at the messaging app who might all be filed under the category "adult supervision.
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.
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.
In early 2014, a few months before taking his company public, Zendesk CEO Mikkel Svane and his two cofounders, Morten Primdahl and Alexander Aghassipour, went out for drinks in San Francisco.It was the first time in a while that the three cofounders had gotten together after work. They founded Zendesk in Svane’s Copenhagen apartment seven years ago, and the three were close friends.
Jessica Mah, the founder and CEO of Indinero, was only 11 years old when she started her first business. Having learned how to code in fifth grade, Mah built websites for people and got paid a few thousand dollars a month.That experience led her to do something more serious for her next business.
Dan Bilzerian, the multi-millionaire "King of Instagram", could have faced up to 6 years in prison if he'd been convicted of the bomb felony he was arrested for recently, TMZ explains . The notorious gun-wielding poker player was arrested in Los Angeles on Tuesday and initially charged with possession of explosives. Bilzerian lives a crazy, lavish life — and 2014 has been no exception.
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.
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.
Groupon has always been a deals company. But it is moving into a different, more traditional deals business: The supermarket.That much was made clear on Thursday when the company unveiled Snap, a new app specifically for giving customers cash back when they buy certain items at the grocery store.Instead of clipping coupons and bringing them to the store, Snap asks shoppers to upload photos of their receipts after they’ve gone to the supermarket to buy groceries. Certain items — likely from brands with which Groupon has secured deals — are eligible for discounts, which shoppers receive in the form of a cash-back deal.After building up $20 or more in savings, Snap users are cut a check from Groupon, which they can receive in the mail.
When the European Union first put the "right to be forgotten" into effect, it didn't really give search sitesmuch help. Should search listings disappear simply because they're embarrassing? What if you're a notable figure? At last, though, there are some clearer answers. The European Commission haspublished guidelinesthat tell search providers how to handle your takedown requests.
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.