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Tune Strikes a Chord With Investors
January 30, 2015
Mobile marketing company Tune has raised $27 million in funding, it announced Thursday. Icon Ventures partner Jeb Miller will join Tune's board. Icon led the funding round; Accel Partners and Performance Equity Management also participated. Tune will use the proceeds to grow its engineering team, introduce new products and generally invest in the services it offers.
Engage.cx Makes Customers an Offer They Can't Lose
January 27, 2015
Engage.cx just secured $2.9 million in Series A financing. The round of participating investors is noteworthy, but for the CRM industry the real intrigue lays in Engage.cx's premise -- or rather, promise: how to present a unified cohesive customer service operationr, no matter which channel is used. Other vendors claim they can do this, but Engage.cx is taking a novel approach.
3 Reasons Apple Won't Pull the Rug Out From Under GoPro
January 16, 2015
Despite having the most popular camera on the planet in the form of the iPhone, the odds of Apple pulling the rug out from under GoPro by building its own action sports camera system -- even with using its forthcoming Apple Watch as a controller -- are so low they stand in stark contrast to the hysterical selloff of GoPro stock this week. What happened?
Report: Etsy Aims to Charm Wall Street
January 15, 2015
Etsy reportedly is working on an initial public offering that could debut this quarter. The crafts and antiques etailer hopes to raise $300 million. If the IPO does indeed materialize, it could give the New York City tech community some much-needed financial oomph. The last tech IPO to originate in the Big Apple occurred during the dot-com bubble.
Instacart Bags $220 Million
January 14, 2015
Instacart on Tuesday announced it has raised $220 million, following a $44 million investment round in June of last year. The company uses a fleet of personal shoppers, who are independent contractors, to purchase and deliver items to customers. "The two main differentiators for Instacart are our focus on grocery and our strategy to partner with retailers," said Instacart's Nilam Ganenthiran.
Starboard to Yahoo's Mayer: Our Way or the Highway
January 9, 2015
Activist hedge fund Starboard, which has been dissatisfied with Yahoo CEO Marissa Mayer's strategy for some time, on Thursday sent a letter advising her to toe the line or expect to be ousted. Starboard expressed concern over recent media reports that Mayer has been considering some large acquisitions. Starboard also appears worried about what Yahoo will do with its remaining shares of Alibaba.
Investors Quiver Over Twitter's Shaky Prospects
October 29, 2014
Twitter shares closed Tuesday at $43.78, down almost 10 percent, even though the company's Q3 earnings report showed monthly active users grew 23 percent. Granted, that was down a tick from the previous quarter's 24 percent growth -- but recall the World Cup was being held at that time, driving user growth explosively. Germany's win saw Twitter use peak at nearly 619,000 tweets a minute.
Most Everything's Coming Up Roses for Microsoft
October 27, 2014
Microsoft last week announced better-than-expected Q1 2015 earnings, giving pause to its critics. Granted, net income registered a year-over-year drop. However, revenue totaled $23.2 billion, compared to the previous year's $18.53 billion. Bear in mind the results include $1.14 billion in costs related to Microsoft's restructuring plan and the ongoing integration of Nokia's mobile business.
Amazon's Cold Fire Phone Inflames Investors
October 24, 2014
Amazon on Thursday posted a net loss of $437 million for the third quarter. For the same period in 2013, it posted a net loss of $41 million. Amazon had warned shareholders when it reported its bleak second quarter performance in July that the next quarter would be equally grim. However, that did not keep investors from reacting in surprise and dismay when the Q3 report arrived.
Ello Sets Its Ad-Free Promise in Stone
October 23, 2014
Ello on Thursday made its ad-free philosophy official by incorporating it into a new company charter. Now converted to a public benefit corporation, the social network has stipulated not only that it will never make money from selling ads or user data, but also that any new owners will have to comply by those terms as well, in the event it's ever sold.
Google Takes a Flyer on Magic Leap
October 21, 2014
Magic Leap on Tuesday announced that Google was the lead investor in a $542 million round of funding for its secret endeavors. Also participating were Qualcomm, Legendary Entertainment, KKR, Vulcan Capital, Kleiner Perkins Caufield & Byers, Andreessen Horowitz and Obvious Ventures. Details are scarce about Magic Leap's forthcoming products, but they are likely proprietary wearable technology.
IBM's Earnings Miss Gives Wall Street the Willies
October 20, 2014
IBM's earnings slipped in Q3, sending its share prices sliding 7.11 percent to close Monday at $169.10. The company announced it is unloading its Microelectronics OEM semiconductor business and manufacturing operations to GlobalFoundries. IBM will pay GlobalFoundries $1.5 billion to take over the business. IBM's bleak news is being blamed for sending the overall Dow Jones Industrial Average south.
Netflix Drives Into a Ditch
October 17, 2014
Netflix stock closed Friday at $357, up slightly from the depths it plummeted to earlier this week. Shares fell almost 25 percent in premarket trading on Thursday -- more than $110 a share -- to $338. The plunge followed news of weak subscriber growth in its third quarter. Netflix reported $1.2 billion in Q3 revenue, which was up 38 percent from the same period a year prior.
HP Does the Splits
October 6, 2014
HP on Monday announced plans to separate its major business lines into two separate companies. HP Inc. will offer PCs and printers, while Hewlett-Packard Enterprise, will focus on IT infrastructure, software and services. HP CEO Meg Whitman will be the president and CEO of HP Enterprise. Don Weisler, EVP of HP's printing & personal systems division, will be the president and CEO of HP Inc.
Restless Shareholders Pelt Mayer With Yahoo Merger Proposals
October 1, 2014
Alternative Investment Management this weekend sent a letter to Yahoo CEO Marissa Mayer, urging her to consider merging with SoftBank. That request came a few days after Starboard Value sent Mayer a missive recommending that Yahoo acquire AOL. The proposals are independent of one another, but the investors making them are following the same line of reasoning. Shareholders want to see results.
PayPal, eBay Headed for Splitsville
October 1, 2014
eBay on Tuesday announced that its 12-year marriage to PayPal was coming to an end. The move comes mere months after eBay beat down an attempt by corporate raider Carl Icahn to peel PayPal from the online auction site. "For more than a decade, eBay and PayPal have mutually benefited from being part of one company, creating substantial shareholder value," said eBay President and CEO John Donahoe.
Sony's Mobile Malaise Lands It in Deep Ditch
September 18, 2014
Sony on Wednesday announced that it will post a loss of $2.14 billion for the fiscal year, far outpacing the loss it previously forecasted. It will take a quarterly write-down charge on the unit as a result. The reduction is due almost entirely to diminished growth in its mobile unit. Sony announced several changes to the unit, including adjusting its orientation away from sales.
Wall Street Strings Taut as Alibaba Edges Toward IPO
September 15, 2014
Alibaba's forthcoming IPO will have a significant impact on Yahoo, but it's not likely to cause many ripples in the U.S. e-commerce market overall. Although this one deal will make Yahoo more money than it has made in years of struggling, it could lead to its demise as an independent entity. "It would only take about $6 billion to control Yahoo," said Covestor's Barry Randall.
Apple's New iPhones: Ho-Hum and Controversial Too
September 11, 2014
Apple's new iPhones didn't take center stage at this week's big event. "The fact that they are ho-hum is interesting in itself," said Nick Spencer, a senior practice director at ABI Research. "Apple is now a company that follows rather than leads." Apple is "at least 18 months late with a large screen device," he pointed out, and its Apple Pay mobile payment feature is "not exactly new."
Bad News Hounds Apple Days Before iPhone Gala
September 5, 2014
Apple has been forced to do some serious damage control when it no doubt would rather be rallying fans for its big iPhone launch next week. The company on Tuesday learned that a number of celebrity accounts on its iCloud service had been cracked and some embarrassing photos posted. Then two activist groups on Thursday released a report critical of work conditions at an Apple supplier in China.
Alibaba's IPO Will Blast Mobile Retail Into Hyperdrive
September 3, 2014
It seems the long-awaited, much anticipated IPO of Chinese e-commerce giant Alibaba Group Holding is imminent. Granted, similar rumors this spring turned out to be groundless, but this time the drumbeats for the IPO are louder and more insistent. Whenever the IPO launches, it is clear that it will have a huge impact on the U.S. e-commerce space -- and the mobile retail subsector.
Salesforce Stock Climbs on Great Expectations
August 22, 2014
Salesforce.com on Thursday reported a second-quarter loss of about 10 cents per share -- but hey, who's counting? Not investors, apparently, who drove up the price of its stock 7.6 percent by market close Friday. Certainly not Wall Street analysts like Deutsche Bank, which promptly raised its target price for the company to $70.00 per share, pointing to a potential 25.65 percent upside.
Twitter Claims Legions of Uncounted 'Users'
July 30, 2014
Twitter posted healthy revenue for the second quarter -- US$312 million, up 124 percent year-over-year. Its profit? Not there yet. However, even though the company reported a net loss of $145 million, investors are likely to overlook the lack of profit for some time. Financials aside, what Twitter really wants everyone to know is that it is big -- as in average monthly user big.
What, Bezos Worry?
July 25, 2014
Amazon may wow customers with its extraordinary array of products and customer services, but its shareholders are less-than-impressed at the moment. The company on Thursday announced second-quarter losses that were nearly double what analysts had been expecting. Furthermore, Amazon informed shareholders that third-quarter earnings were likely to be just as dismal, if not worse.

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Do video cameras make the world safer?
Yes - People exercise more restraint because of them.
No - We just get to see more horrible things happen.
Maybe - They might deter some kinds of crime.