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.
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.
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 Cisco bought Crescendo, it acquired another engineer, Jayshree Ullal in the deal. Ullal led Crescendo's marketing and stayed with Cisco for 15 years, eventually named senior vice president of data center & switching, reporting to John Chambers.in Cisco stock. The price was ultimately based on how big a market Cisco thought it could capture.There are three legendary engineers at Cisco known as "the heart, soul and brains" of the company: Mario Mazzola, Prem Jain and Luca Cafiero. Over the past 20 years, Cisco CEO John Chambers has funneled $2.38 billion to them and their teams, even though, for much of their careers, they have technically not worked at Cisco at all. It's a highly unusual way to retain top talent, something known as a "spin-in." A "spin-in" is a form of R&D in which a company is the sole investor in a startup.
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.
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.
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.
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.
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.
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.
LONDON – For tech-savvy Britons, the debut in this country of Google’s Glass headset on Monday was greeted with much fanfare.Yet less than a week since the release, the device has run into potential trouble with Britain’s tough data protection rules.
There’s no escaping Google. The search giant is giving both geeks and mere mortals more reasons to love the company by introducing Drive for Education. This is a follow up to the Drive for Work premium version introduced earlier this year. Google Apps for Education is already widely being used in many homes, schools, and offices.
Cloud computing is producing a huge crop of big and successful companies . There are already 23 public cloud companies trading at more than $1 billion in market cap, tracked by Bessemer Venture Partners' BVP Cloud Index .