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.
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.
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.
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.
It was also reportedly used by financial investigators to track Bernie Madoff's Ponzi scheme.Palantir just disclosed in an SEC form that it has raised a huge round of investment. It issued $500 million worth of stock and has sold $450 million so far.
For the first time, cable TV network Nickelodeon staged a casting call at VidCon, a convention that draws stars of YouTube and social media like Vine, Instagram, and Snapchat and their passionate followers. The Viacom-owned channel's talent search is one way traditional TV networks are recruiting internet personalities to build audiences.
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).
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.
Sometime in the not-so-distant future, getting a checkup will be very different. When the doctor writes down your symptoms, it will be cross-checked with others in your area, making it easier to identify outbreaks and epidemics sooner. If you complain of shortness of breath, your phone’s heart rate monitor will instantly report how well your heart has functioned over the last month.
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.
Facebook is developing advanced telecommunications, complete with autonomous laser-firing drones, and it is doing it as if it were a big software project.That may be a more daring idea than solar-powered planes that fly for three months at a time, which the company detailed on Thursday at a news conference at its Silicon Valley headquarters.
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.
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.
The hackers behind the huge Ashley Madison leak now have a bounty on their heads, with the company behind the affairs dating site announcing a CA$500,000 reward for catching them. Avid Life Media announced the half-million fund - approximately $377k - this morning in Toronto, promising a big cash jackpot for anybody who can provide information that leads to a successful arrest and prosecution.
Naveen Tewari, chief executive of InMobi, thinks the 1.2 billion people who see ads served by his company’s mobile ad network are tired of being bombarded with generally irrelevant marketing messages. He says advertising should be friendly, more tour guide than tout, and help people discover new products and services that they actually want to buy.