As Verizon’s digital media business Oath rolls on with its merging of Yahoo and Aol (which includes TechCrunch), today comes news of a significant departure. David Karp, who founded and led the Tumblr business, is leaving by the end of the year to be replaced by the social media site’s president and COO, Jeff D’Onofrio. The news was making the rounds on Twitter, and we… Read More
Source: Tech Crunch
Private equity giant Thoma Bravo has agreed today to buy Barracuda Networks in a take-private deal that’s valued at $1.6 billion. The company was offered $27.55 per share, about 16% above Friday’s close.
Though above Barracuda’s 52-week high, the price is down from the over $40 per share where the stock was trading in 2015. Barracuda went public in 2013.
Campbell… Read More
Source: Tech Crunch
Google announced today it’s expanding the focus of its Google Trends service – the site that lets anyone track what the world’s web searchers are looking for in both real time and non-real time. The service now includes data from more Google products beyond web search, the company says, with the addition of search data from verticals like Google News, Shopping, Images and… Read More
Source: Tech Crunch
Reliam, a company that provides managed services for businesses that want somebody else to manage their public cloud deployments on platforms like AWS and Microsoft Azure, today announced that it has raised a $17 million funding round from Boston’s Great Hill Partners. Reliam says that Great Hill has reserved a full $75 million to fund additional acquisitions and growth. In the… Read More
Source: Tech Crunch
The weight of problems being demonstrably attached to heavily used tech services has acquired such a gravitational and political pull that it’s becoming harder and harder for these businesses to sidestep wider societal responsibilities. Read More
Source: Tech Crunch
Thinking of starting a family but need a little help from science? IVF costs alone can be exorbitant, ranging from $12,000 to $20,000 per cycle, depending on where you live — and most couples will need to do two or three cycles just to get a baby. The good news is, Facebook, Apple and Google paved the way for fertility perks a couple of years ago in an effort to entice more women to… Read More
Source: Tech Crunch
Well, it’s over $9,000. Even as you recoup from attempting to explain Bitcoin to your family over the Thanksgiving dinner table, the value of the cryptocurrency is growing at an increasingly hefty pace. As of the time of this writing, the value of a single Bitcoin was above $9,143, climbing nearly 6 points in the past 24 hours. At a certain point, news of clearing these incremental… Read More
Source: Tech Crunch
You know everybody loves Tesla-the-company. But did you know that a whole lot of smart people hate Tesla-the-business? “From a return-on-investment-capital standpoint, Tesla is a catastrophe.” “The electric-car maker has been burning money at a clip of about $8,000 a minute (or $480,000 an hour.)” “Tesla is losing a massive amount of money with no competition, and… Read More
Source: Tech Crunch
Being the richest man in the world wasn’t enough. After Amazon shares climbed on Black Friday, founder and CEO Jeff Bezos saw his net worth rise to $100.3 billion, according to Bloomberg estimates. Amazon’s stock has soared this year and Bezos has benefited to the tune of $32.6 billion. Yes, that’s the amount he has earned in 2017 alone. So what’s he going to do with… Read More
Source: Tech Crunch
As VC brands go, Rothenberg Ventures has seen better days. The firm built up a reputation as an up-and-coming early-stage investor. But Silicon Valley soured on Rothenberg Ventures last year; lawsuits ensued. So it hasn’t been a good year for Mike Rothenberg. But what about the Rothenberg Ventures portfolio? Read More
Source: Tech Crunch
