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.
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.
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.
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.
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.
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.
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.
On Monday, German software company SAP released a new crop of products , redesigned from the ground up to take advantage of its four-year-old database called HANA. "If this doesn’t work, we’re dead. Flat-out dead. It’s that simple," SAPs charismatic 71-year-old founder and chairman Hasso Plattner told Re/Code's Arik Hesseldahl after the launch. He's not exaggerating.
For years, we've been reporting on HP's troubled Enterprise Services business unit . That's the group that handles consulting, outsourcing, and other hands-on services for big HP customers. On Tuesday, HP executives said that the company's promised turnaround rests on this unit finally getting its act together. On Tuesday, HP reported earnings for the quarter ended in January.