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AWS Updates Big Data Analytics Platform With New Support For Hadoop And Its Ecosystem
Oct 30, 8:13AM
Amazon Web Services (AWS) has updated its Elastic Map Reduce platform with a new version of Hadoop and updated support for its data analytics ecosystem. Elastic Map Reduce is AWS platform for processing large amounts of data. But unlike many providers, AWS offers a hosted service. The challenge for AWS is to keep Hadoop and its accompanying ecosystem updated and in pace with the latest open-source platforms.
Senate Confirms Tom Wheeler As New FCC Chairman
Oct 30, 4:23AM
The Federal Communications Commission finally has a new Chairman: Tom Wheeler. Yesterday, Senator Ted Cruz released his hold and Wheeler was unanimously approved. He will take over for Acting Chairwoman, Mignon Clyburn. As a former telecommunications lobbyist, there has been concern about what his priorities will be. Rather than join the speculation party, we’ll wait until his first few interviews and actions give us a better indication of how he’ll lead the Commission. More to come.
Barnes & Noble Outs The $119 Nook GlowLight, We Go Hands-On
Oct 30, 4:06AM
For better or worse the holidays are right around the corner, and that can only mean one thing: consumer electronics companies are slaving away on new hardware designs and trying to get those final products onto shelves in time for an annual feeding frenzy. Barnes & Noble is no different. Well, it's a little different -- when I sat down with Digital Content EVP Doug Carlson earlier today he was eager to paint a picture of a savvy bookseller that's still aware of the human elements of peddling tomes (digital and otherwise). But it wasn't long at all before he got down to the business at hand and revealed the $119 Nook GlowLight, a new e-reader the company will start selling today.
Hosting Service MongoHQ Suffers Major Security Breach That Explains Buffer's Hack Over The Weekend
Oct 30, 2:43AM
NoSQL Database hosting service MongoHQ, a Y Combinator alum, has suffered a major security breach that appears to be a major factor in an attack over the weekend on Buffer, the social media scheduling service. The MongoHQ intrusion is affecting customers of the hosting service and potentially also their S3 storage accounts on Amazon Web Services (AWS).
Baidu Reports Q3 2013 Revenue Growth of 42.3%, Net Profit Up 1.2%, But Mobile Monetization Still Lags Behind PC
Oct 30, 1:08AM
Chinese search giant Baidu reported strong revenue growth in Q3 2013, but it is still investing aggressively in its mobile business, which continues to lag behind PC in terms of monetization.
iPad Air Review: Apple Makes Big Tablets Beautiful All Over Again
Oct 30, 1:00AM
Apple introduced two new iPads this month at a special event in San Francisco on October 22, and the first of those to go on sale is the iPad Air, which is in stores and on virtual shelves this Friday, November 1. After a week with Apple's newest 9.7-inch device, it's clear there's a new champion of the large tablet market, and one that breathes new life into Apple's original slab-style game-changer.
Apple Replacing 'Limited' Number Of iPhone 5s With Manufacturing Issue Leading To Battery Life Problem
Oct 30, 12:17AM
Apple released a statement today to The New York Times noting that a manufacturing issue has caused shortened battery life in a ‘very limited’ number of iPhone 5s devices. At its introduction, the phone was reported by Apple to have nearly identical life to the iPhone 5, and most tests have borne that out with reviewers seeing identical or slightly improved numbers. The statement, issued by an Apple spokesperson, indicates that a small number of the iPhones that Apple has sold so far are defective. Here’s the statement given to the Times: "We recently discovered a manufacturing issue affecting a very limited number of iPhone 5S devices that could cause the battery to take longer to charge or result in reduced battery life," said Teresa Brewer, an Apple spokeswoman. "We are reaching out to customers with affected phones and will provide them with a replacement phone." The Times says that Apple’s statement ‘implies’ that this is only a few thousand devices, but Apple themselves gave no exact number. Apple sold 9 million iPhone 5s, iPhone 5c and iPhone 4s devices in its launch weekend in September. iPhones do not have user replaceable batteries, making the life of those batteries of paramount importance. In general, iPhones get comparable battery life to other devices in the same size and thickness. Other devices from Motorola, Samsung and more have made design decisions that allow them to get greater battery life by packing in larger or thicker battery packs. If that reputation for decent, if not exhilarating, battery life is going to be maintained, Apple will want to make sure that they clamp down on this issue quick. Of course, the bad news about iPhone 5s battery life issues arrives ahead of iPad Air reviews, which are expected later today. Slick. We’ve reached out to Apple to see if it has any more information to share.
Nokia Had A Stunning Q3 In North America, With Device Volume Up 367% From Last Year
Oct 29, 11:28PM
According to its most recent earnings report, Nokia appears to have finally found market traction in North America for its Lumia line of Windows Phone-based smartphones. This bears well for the platform itself, and Microsoft, who is buying Nokia’s device business for more than $7 billion. Nokia’s device unit volume in North America spiked from 500,000 units in the second quarter of 2013 to 1.4 million devices in the third. For comparison, in the first quarter of this year, Nokia shipped 400,000 devices in North America. In the year ago third quarter, that figure was 300,000. To therefore have Nokia almost triple its volume in the region in a single quarter, comparing sequentially, is more than surprising. According to Nokia, the “sequential increases [in North America] were primarily due to higher sales in our Smart Devices business.” So, most of the sales delta is smartphone-based. And, given that the mobile market in the United States is a far larger mobile market than Canada, it can be presumed that most of the sales took place south of the border. Therefore, Nokia sold far more Windows Phone handsets in its third quarter than it had in the preceding quarter. Estimating roughly, it could easily be posited that Nokia sold more than 1 million Lumia devices in the United States in its third quarter. Here’s the graph: The Nokia Lumia line of smartphones was released in November of 2011, during the company’s fourth quarter. In that period, the company later noted that it sold “well over 1 million Lumia” devices. In the following quarter, the first of 2012, Nokia did not disclose Lumia sales figures. In the second quarter of 2012, it reported 4 million units were sold during the period. From this we can surmise that Nokia enjoyed modest, but quickly expanding sales rates of its Lumia line. However, in the third quarter of 2012, sales fell to 2.9 million units, a very troubling point for the company. Nokia blamed it on having “shared the exciting innovation ahead with [its] new line of Lumia products.” From that point, Lumia sales have expanded in each sequential quarter, from 4.4 million in the third quarter of 2012, to 8.8 million in the third of 2013, Nokia’s most recent quarter. Here’s the chart, so you have the full picture: So, global growth has been steady, and in the fourth quarter Nokia could sell more than 10 million
AbbeyPost, An Etsy For Plus-Size Clothing, Has Its Eye On Democratizing Fashion
Oct 29, 10:03PM
Like so many other startups, Abbey Post grew out of a personal pain. Founder Cynthia Schames had become fed up with the lack of stylish plus-size clothing available to her. "I was having the hardest time finding clothes. I live in New York," Schames says. "If I can't find stuff to wear, where is everyone else shopping?"
Trulia Reports $40.3 Million In Q3 Revenue, Net Income Of $7 Million
Oct 29, 9:32PM
Online real estate market Trulia has been a public company for just over a year now, and it's already seen its share of ups and downs as it dukes it out with competing players like Zillow. The company just dropped its fiscal Q3 2013 earnings (with additional color on Twitter, as usual) -- the combined company posted $40.3 million in revenue for the quarter, along with net income of $7 million which works out to earnings of $0.19 per share.
EA Beats In FQ2 With Non-GAAP Revenue of $1.04B And EPS Of $0.33, Raises Earnings Guidance
Oct 29, 8:38PM
Electronic Arts had non-GAAP revenue of $1.04 billion in its fiscal second quarter (2014), and non-GAAP earnings per share of $0.33. The street had expected Electronic Arts to earn $0.12 (non-GAAP), on, again, non-GAAP revenue of $978 million. The beat has sent Electronic Arts up almost 4% in after hours trading. Electronic Arts also raised its annual non-GAAP EPS guidance to $1.25 from $1.20. That's a mild upgrade, but one that is welcome.
Yelp Ekes Out A Win In Q3 As Revenue Jumps 68% To $61M, EPS Losses Grow To $0.04
Oct 29, 8:13PM
Yelp, the local online business and restaurant guide that has become the web’s go-to resource for reviews of local businesses since launching in 2004, announced its 2013 third quarter earnings after the market closed this afternoon. For the second straight quarter, the company beat expectations, with revenue coming in at $61.2 million in the third quarter and a per-share loss of $0.04. Considering Yelp posted a greater-than-expected loss of $2.3 million, it wasn’t a categorical victory, but it was a win nonetheless, with revenue increasing 80 percent from the same period in 2012, while cumulative reviews grew 42 percent year-over-year to over 47.3 million, average unique visitors grew 41 percent year-over-year and local business accounts grew 61 percent to 57,000. Wall Street expected Yelp to announce a loss of $0.01 per share on revenue of $59.40 million for the quarter. Yelp passed muster in revenues, but saw an uptick in its net losses in the third quarter of $2.3 million, or $0.04 per share, compared to a net loss of $2.0 million in the third quarter of 2012. Thanks to a fairly consistent performance in recent quarters and solid progress from its local ads business, Yelp’s stock price has bounced back significantly over the last six months — 180 percent in all. This is a strong signal that investor confidence has returned for Yelp, even if many analysts believe that the market is a little too bullish on the company at the moment. The company’s stock price had been hovering around $68 per share on Tuesday, but is currently down 6 percent in after-hours trading on the higher-than-expected loss, though it continues to vacillate. Reflecting on his company’s third-quarter performance, Yelp CEO Jeremy Stoppelman highlighted the company’s renewed focus on its mobile experience as a continuing source of growth and opportunity. The CEO also expects its new “Yelp Platform,” which launched in July and allows local businesses to interact directly with customers via its portal, to provide additional value for businesses while increasing engagement among consumers. The company also saw continuing growth in its unique user base over the last quarter, which now stands at 117 million. In its earnings statement today, the Yelp CEO continued: We saw another quarter of strong momentum thanks to the high-quality, authentic content contributed by Yelpers around the world … and our focus on connecting consumers with great local businesses continues to drive our
LinkedIn Beats In Q3 With Revenue of $393M, EPS of $0.39, But Weak Q4 Guidance Sends Its Stock Lower
Oct 29, 8:12PM
LinkedIn reported its third-quarter earnings today, with revenue of $393 million (up 56 percent) and earnings per share of $0,39. Analysts had expected LinkedIn to earn $0.31 per share, on revenue of $385 million. In the comparable year-ago quarter, LinkedIn earned $0.22 on revenue of $252 million. On a GAAP basis, LinkedIn lost $0.03 per share. However, LinkedIn’s performance is generally measured on a per-share basis in non-GAAP terms. For the quarter, LinkedIn’s Talent Solutions group had revenue of $224.7 million (up 62 percent year over year), its Marketing Solutions had $88.5 million in revenue (up 38 percent), year over year), and its Premium Subscriptions top line totaled $79.8 million (up 61 percent), year over year). LinkedIn reported revenue guidance for its fourth quarter of $415 million to $420 million. Investors had forecasted a figure of around $20 million more. In normal trading, LinkedIn was up around 1.5 percent). Following its earnings beat, LinkedIn is down in after-hours trading. Investors, it appears, are disappointed with what appears to be slowing top-line growth at LinkedIn. LinkedIn is a very richly valued company. Before its stock moved, following its earnings release, LinkedIn had a trailing PE ratio in the hundreds, a forward PE of 111, and a PEG ratio of 2.92, according to Yahoo Finance. That means it cannot afford missteps, as investors are expecting consistently strong results. The company had non-GAAP net income of $46.8 million in the period. For the quarter, LinkedIn’s adjusted EBITDA totalled $92.8 million. The company had a GAAP net loss of $3.4 million in the quarter, up around 50 percent year-over-year. LinkedIn had 259 million users at the end of the quarter. In sum, LinkedIn had a strong quarter, but its lower-than-expected stated expectations for its year-end quarter have unnerved investors. Top Image Credit: Sheila Scarborough
Jibe Secures $4 Million Credit Facility To Help Make Companies Better At Hiring
Oct 29, 7:41PM
The last time we heard from TC50 alum JIBE, it locked up a $10 million Series B from the likes of Longworth Venture Partners (which led the round), like Polaris Partners, Lerer Ventures, DFJ Gotham, and Thrive Capital in bid to help it make applying for jobs from smartphones easier. This time around though, JIBE has more money to expand its operations but without having to offer up any equity in exchange -- the team recently announced that it's secured a $4 million credit facility from Silicon Valley Bank as it prepares to flesh out its backend services for enterprise partners looking to hire the right people.
ResearchGate: "Forget About Revenue Until The Network Is Valuable Enough To Command It"
Oct 29, 7:39PM
ResearchGate’s Ijad Madisch lifelong ambition of winning a Nobel Prize for changing the way scientific research is undertaken piqued the interest of Valley investors several years ago. Now with more than $35 million in funding from investors like Bill Gates, Benchmark, Founders Fund and Accel, he’s running one of Berlin’s flagship startups with 3 million scientists using the site. It wasn’t such an obvious journey. Madisch had been working as a medical doctor in Boston several years ago. He asked for permission to go half-time on being a doctor, so that he could spend the other part of his time working on what would become ResearchGate, a LinkedIn-like social network for scientific researchers. His manager told him it was a “birdshit” idea and that scientists by nature weren’t very social. Madisch went his own way, ultimately relocating back to Germany to build the company. Today onstage at TechCrunch Disrupt in Berlin with Benchmark’s Matt Cohler, he shared a few nuggets of wisdom from his path so far. “I always was convinced that ResearchGate can change the world,” Madisch said. “The World Wide Web was created to exchange knowledge and now you can buy shoes online, but science is still the same.” Cohler, who sits on the board, brought experience from his days as an early team member at LinkedIn and Facebook. The pair really synced on the idea that ResearchGate needed to put off building a revenue model in favor of focusing on product and generating network effects. One of Cohler’s early pieces of advice to Madisch was to forget about revenue until the network was valuable enough to command it. “We need to really create value for the scientists first. If we succeed with this, then we can start worrying about making money,” Madisch said. “You have to be very brave and experienced to give this advice. I wouldn’t have gotten it from any East Coast or German VC investor. And it was the best thing we could have done.” Madisch said the site, which attracts 1.4 million uploads of papers per month and 1,300 data sets uploaded every few days, had led to a few breakthroughs. There was a Nigerian scientist named Emmanuel Nnadi, who was studying pathogens and found a baby in a local hospital who had died in 28 days. The cause of death was a mystery. Nnadi collected samples but had no equipment to analyze
Proposed USA FREEDOM Act Would Dramatically Curtail The NSA's Surveillance
Oct 29, 7:15PM
Senator Patrick Leahy and Representative Jim Sensenbrenner have introduced a new bill, called the Uniting and Strengthening America by Fulfilling Rights and Ending Eavesdropping, Dragnet-collection, and Online Monitoring Act (USA FREEDOM Act), designed to dramatically curtail the ability of the NSA to collect information on the average United States citizen.
Twitter Apps For iOS, Android And Web Get In-Stream Video And Image Previews
Oct 29, 7:01PM
Twitter today shipped an update that adds in-stream video and image previews to the main feed in its iOS, Android and web apps. Previously you would have to tap on links for images via Twitter or video service Vine. Now you can see them right in the feed.
The Best And Brightest Startups From Around The World Come Out For Our First Disrupt Europe
Oct 29, 7:00PM
Fifteen startups launched on the Disrupt Europe stage. From enterprise data companies to consumer electronics, the mix ably represented the best of Europe’s exploding startup scene. But Germany-based Lock8 won it all and will keep the Disrupt Cup here in Berlin. If nothing else, Disrupt Europe was a great melting pot of entrepreneurial spirit. Startups from more than 80 countries exhibited their products in front of the international crowd. The highlights are below. Saturday & Sunday, October 26 & 27, 2013 With the first Disrupt in Europe came the first Hackathon in Europe. The crowd was focused. On point. The hundreds of attendees formed teams, eventually presenting nearly 100 hacks on the massive Disrupt stage. PreCheck, a Foursquare system that lets people express intent to visit places before they go, bested the other teams and took home the $5,000 prize. #hotdogcam Monday, October 28, 2013 Disrupt Europe:Berlin started with a Fireside chat with Mike Butcher and Marc Samwer where the Global Founders Group partner explained European entrepreneurship, copy cats and more. Google Ventures general partner MG Siegler took the stage longtime entrepreneur Marco Boerries to talk about founding a company in Europe and his latest startup, which has been in stealth for the last 4 years. TechCrunch International Editor Ingrid Lunden led a panel with three startups founded in Europe, but two of them eventually moved to the States. Ingrid inquired about the reasons for moving to the Valley or staying put in Europe. Games are big business and Anthony Ha led a panel with industry leaders including Jens Begemann from Wooga, Misha Lyalin from Zeptolab, and Rina Onur from Peak Games. Nearly overnight, Airbnb reinvented travel, a thought that TechCrunch writer Ryan Lawler discussed with the company’s founder, Nathan Blecharczyk, during an on-stage edition of Founders Stories. Is Bitcoin the new Euro? That was the theme of the panel, led by TechCrunch writer Kim-Mai Cutler, where the general consensus was that the future of the digital currency lies in the hands of upcoming startups, the regulatory system and China. Berlin’s startup scene is growing so rapidly that during a talk between TechCrunch Founder Michael Arrington and Matt Cohler, Peter Fenton, Bill Gurley and Mitch Lasky, all from Benchmark Capital, Cohler declared there is no better place to be than Berlin — a statement backed up by the VC firm’s massive presence around Disrupt. The highlight of the first day was
Retargeting Giant AdRoll Poaches Google Ads Veteran To Head New EMEA Office
Oct 29, 6:57PM
As retargeting startup Criteo is poised to IPO, one company flying under the radar but, by the looks of it, that is also doing well in the retargeting space is AdRoll. It's now launched in Europe, or perhaps more accurately EMEA. At the same time it's poached Marius Smyth, eight-year Google veteran, and former head of UK & Ireland SMB Sales and part of Google's UK and Ireland executive team.
Google Adds SMS Support To Its Android Messaging App As Facebook Axes It
Oct 29, 6:47PM
A few days ago, a set of leaked images pointed to some pretty drastic changes to the Google Hangouts Android app, the biggest of which was that users would be able to send SMS messages without having to switch into another messaging application. Well, Vic Gundotra trotted onstage at a Google+ event in San Francisco (after a power outage caused a half hour stream delay, no less) today to confirm exactly that.
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