As we first reported last month, on-demand delivery app Postmates raised additional funding in a round led by Founders Fund, with participation from existing investors. The company is now confirming the total came out to $140 million, giving the Postmates above a $600 million post-money valuation. Brian Singerman from Founders Fund will be joining the board. Despite Postmates’… Read More
Blackline, a Los Angeles-based accounting software company, debuted in the U.S. markets Friday. After pricing at $17 per share, the stock closed at $23.70. In what has been a slow year for tech IPOs, Blackline decided to go public right now because it’s “part of a longer term plan to raise awareness for what we do,” said CEO Therese Tucker. She said the IPO, which raised… Read More
Amazon significantly disappointed investors when it posted third quarter earnings after the bell Thursday. With an adjusted earnings per share of 52 cents, this was well beneath the expected 78 cents. The stock quickly fell at least 6% in after-hours trading. In recent years, the company has significantly improved its financials. For a long time, Amazon was seen as an example of an… Read More
#Beyond140 is coming to fruition with the removal of one of the most annoying laws of Twitter. Some iOS users are now part of a test group that no longer sees a recipients’ usernames appear or count against the 140 character limit when they post replies. This leaves more room for actual discussion. It also prevents the dreaded “Twitter Canoe”, where more and more users join… Read More
In what has become a very competitive landscape for digital music, early pioneer Pandora is trying to remain a leader. The company reported third quarter earnings after the bell on Tuesday, giving a glimpse at the current health of their business. Pandora has seen its revenue grow to $351.9 million, up by 13% from the same period last year. Yet analysts had been expecting $366.1 million.… Read More
While many people are arguing that the proposed $85 billion AT&T and Time Warner deal would be bad for consumer choice, billionaire Mark Cuban has a contrarian viewpoint. The merger would lead to “more competition” he tells TechCrunch. Cuban, who made his money through a different media acquisition, thinks the combination would help challenge the tech giants like Facebook,… Read More
Weebly, the web design platform, was hacked in February, the data breach notification site LeakedSource reports. Usernames and passwords for more than 43 million accounts were taken in the breach, although the passwords are secured with the strong hashing algorithm bcrypt. Weebly said in an email to customers that user IP addresses were also taken in the breach. “We do not believe that… Read More
