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.
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.
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.
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.
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.
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.
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.
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.