Salesforce.com just purchased 400,000 square feet of office space in San Francisco for $340 million, the San Francisco Gate reports.
The deal is the largest of its kind in a decade, and will effectively double Salesforce's footprint in San Francisco.
LeEco, the company partnered with the startup electric-car maker Faraday Future, is apparently in talks to scoop up a giant piece real estate from Yahoo, the Silicon Valley Business Journal reported. The land is about three miles from LeEco's newly-opened US headquarters in San Jose.
SAN JOSE, California — A giant Chinese media conglomerate has landed in Silicon Valley. LeEco, the company that's partnered with electric-car startup Faraday Future, just opened its new US headquarters in San Jose, California. Close to 300 employees occupy the building now, with capacity for up to 800, LeEco executives said at a ribbon-cutting event on Thursday.
Amazon Web Services has just founda big partnerto its expanding userlist: Salesforce, the $50 billion cloud-software maker. According to the WSJ , Salesforce will build some parts of its upcomingInternet of Things cloud software on top of AWS, testingits newest initiative on Amazon's cloud-computing service.
The rumor is that even Apple CEO Tim Cook uses the drone videos taken by drone videographerDuncan Sinfield to see the progress of the company's enormous $5 billion "spaceship" shaped headquarters, being built right now inCupertino. Sinfield just posted another one that shows the building site as of March 3. When completed it will include2.
will be a very interesting year from an M&A perspective," Jason Green, general partnerof the VC firm Emergence Capital, told Business Insider.And he thinks Google will be one of the companies doing the buying.
WeWork is raising $780 million in new funding that places it at a $17 billion valuation, reports Fortune . Thesuper-hot office-rental company,which has already raised $969 million in funding at a $10 billion valuation, was already the 11th most valuable startup in the world without accounting for this round.
Salesforce CEO Marc Benioff's base salary will remain flat this year after hearing complaints from some investors about his heftycompensation package last year. In a proxy statement filed on Monday , Salesforce disclosed that Benioff's base salary will remain at $1.55 million this year. The change was made in response to hearing "concerns regarding quantum of total CEO pay," it said.
For all the buzz surrounding the rise of Chinese tech company LeEco, very little has been said about how the company and its intrepid leader, Jia Yueting, are financing their ambitious endeavors. LeEco is developing several different businesses at once — including smartphones, internet TVs, streaming content and, more recently, electric cars.
Most peoplewould find it challenging to run even one public company well. But if you askJack Dorsey,who's playing the dual CEO role at Twitter and Square, it's no problem at all. "I benefit a lot from a consistent schedule and a consistent structure," Dorsey, who's reported to be on an18-hour work schedule , said during Square's quarterly-earnings call on Wednesday .
Nearly 47% of the shareholdersSalesforce just announced the cash bonus awards it granted to executives and, not surprisingly, its founder CEO Marc Benioff (the heart and soul of the company) did well, collecting a$2.33 million bonus. That'safour-times bigger cash bonus than what most of the other named executives got, including Salesforce's other cofounder, and head of engineering, Parker Harris.
COO and head of sales Keith Block and CFOMark HawkinsBlock's attendance cost the company$58,663 and$29,362. That amount includes the tax bill both men would have faced because the event was added to theirpayas a taxable perk.The company also company picked up the tab forAlexandre Dayon to attend "acompany leadership event" which Business Insiderestimates to beon the order of $21,000.
Salesforce has roughly $2.7 billion in cash and cash equivalents, based on its latest filings.Salesforce is reported to have scooped up another data-intelligence startup on Monday, as the cloud-software maker continues its buying spree this year.
Nicolas Dessaigne says that there are lots of reasons why developers crave the ability to build their own search tech."That information is critical to running a good business,"Dessaigne says.Furthermore, you can't exactly embed Google within a mobile app.
This morning the folks at HTC have launched Vive X, a program which will invest $100-million, expertise, and mentorship for VR developers around the world. This program will be targeted at start-up groups, primarily, and will aim to not only cultivate the VR development environment, but foster it as well. "We are very excited.
Residents in San Francisco might finally have something in common with the late genius Steve Jobs: parking tickets. Except in the case of the always exceptional Jobs, heactually overpaid on his parkingtickets, and San Franciscois nowlooking to refund him. The city is trying to repay more than$6.
The new year hasn’t been an easy one for the stocks of most companies, even tech giants like Amazon that by most accounts are doing extraordinarily well. For companies like Square and Twitter, which no one would accuse of doing extraordinarily well, 2016 has been even tougher.
KENT, Wash.—Notebooks in hand, we gathered around a long table inside Jupiter 2, a conference room on the second floor of Blue Origin’s headquarters. Ten of us had come at the company’s invitation to see for the first time, first hand, where Blue Origin builds its spaceships and rockets. For years, this had been undiscovered country for journalists.
McDermott wanted to tell the boardAbout a year ago, Alex Atzberger, 39, was promoted to president of SAP Ariba, a procurementcloud service that SAP bought for $4.3 billion in 2012. It was a shining moment in one of the most amazing career stories we've ever heard.