Wednesday, March 1, 2017

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Snap values itself at nearly $24B with its IPO pricing

Mar 01, 8:49PM

snap spectacles Snap has given a final price for its IPO, setting the company’s valuation at nearly $24 billion with a price of $17 per share, according to a report by the Wall Street Journal. With that, it looks like Wall Street had plenty of an appetite for Snap despite multiple major concerns about the company’s business. Slowing user growth, rising burn and a dependence on Google and Amazon… Read More

Cloudbleed investigation turns up a million leaks but no signs of exploitation

Mar 01, 8:39PM

cloudbleed2 Since Cloudflare revealed a bug that caused random chunks of data to leak from customer websites, including Fitbit and OkCupid, the company has worked to determine the extent of the problem. It turns out that the vulnerability caused extensive leaks — which isn’t much of a surprise, given the sheer number of websites that use Cloudflare for its security and performance… Read More

FCC votes to negate broadband privacy rules

Mar 01, 8:38PM

fcc1 As new FCC Commissioner Aji Pai telegraphed last week, the Commission voted today to stay a set of privacy rules for broadband providers, adopted last year, which would have come into effect tomorrow. Read More

Could Snapchat lead to more tech IPOs?

Mar 01, 8:25PM

American flags fly above a Snapchat sign displayed outside of the New York Stock Exchange (NYSE) stands in New York, U.S., on Friday, Oct. 21, 2016. U.S. stocks trimmed losses as deal activity boosted consumer stocks and Microsoft Corp. rose toward a record, offsetting losses spurred by concerns a stronger dollar will damp corporate earnings. Photographer: Michael Nagle/Bloomberg via Getty Images When Snap prices its IPO after the closing bell today, it will be the first tech company to go public this year. It will also be the largest tech company to go public in the U.S. since Alibaba debuted in 2014. Because of the dearth of recent tech offerings, all eyes will be on the Snapchat parent to see what it means for the “IPO window.” The performance of large tech offerings… Read More

A conversation with Sam Altman about politics, startups and tech

Mar 01, 8:00PM

bullish-tech-resist-final-thumb Since the election of 45, the worlds of tech and politics have collided. Between tech leaders at Google, Facebook and other tech companies speaking out against 45’s executive order on immigration and, more recently, those same companies speaking out against the 45 administration rescinding guidance for transgender students in public schools, it’s clear that the tech industry is… Read More

Oculus co-founder talks new Rift pricing, Touch adoption and possible Mac support

Mar 01, 7:56PM

2016-09-14_oculus_134750-1-0022 While so many virtual reality hardware companies have been tasked only with selling their own product, Oculus has had the intense challenge of building the entire industry’s ecosystem for the last several years. That growth has come with some hiccups by way of lawsuits, product launch delays and executive shakeups, but Oculus is still very much alive-and-well under its parent company… Read More

Scorp is a fast-growing social video app you've probably never heard of

Mar 01, 7:27PM

5635e92e0f254465746c6272 Scorp, a startup out of Turkey, offers another take on the social video theme. The app lets you upload 15-second videos on any topic, such as your view on Trump’s immigration controls. In fact, its young makers call Scorp the video answer to Reddit or Quora. Read More

Udacity buys CloudLabs in its first-ever acquisition to enable collaborative programming

Mar 01, 7:25PM

Full Frame Shot Of Program Codes On Screen In the market for online education, Udacity remains focused on teaching its students about software development, data science and machine learning. To this avail, Udacity brought out its M&A team for the first time to strategically acquire CloudLabs, a small shop building interactive coding environments that let groups collaboratively code from within their browsers. Read More

Microsoft starts shipping Windows 10 mixed reality developer kits this month

Mar 01, 7:03PM

acer-windows-mixed-reality-development-edition-headset-2 Microsoft previously let us know that a range of its OEM partners with familiar names from the PC world would be building headsets that offer mixed reality experiences on Windows 10 hardware. The first of those, from Acer, will begin shipping out to developers this month, with a phased rollout that will see developer edition headsets continue to arrive at partner doorsteps throughout the next… Read More

Email privacy could be a quick win for Trump and Congress

Mar 01, 7:00PM

Business woman sending email marketing Congress could chalk up a quick, easy bipartisan victory for taxpayers if both the House and Senate determined to pass the Email Privacy Act as early as possible, and send it to President Trump for signature. Read More

Five burning questions that Snap's IPO is about to answer

Mar 01, 6:55PM

American flags fly above a Snapchat sign displayed outside of the New York Stock Exchange (NYSE) stands in New York, U.S., on Friday, Oct. 21, 2016. U.S. stocks trimmed losses as deal activity boosted consumer stocks and Microsoft Corp. rose toward a record, offsetting losses spurred by concerns a stronger dollar will damp corporate earnings. Photographer: Michael Nagle/Bloomberg via Getty Images Snap will begin publicly trading tomorrow, which means that it will officially give a price for its shares in its initial public offering this evening. Originally setting a range between $14 and $16, the company set its own valuation lower than what tech observers might have expected, given the hype of the first big tech IPO of 2017. Read More

Clark, an app aiming to "turn every educator into an entrepreneur," launches with $1 million in funding

Mar 01, 6:45PM

clark-team-photo-1 It’s hard to be a tutor. For one thing, many educators don’t have time for extracurricular teaching, even while they might need to bolster their paychecks. Most schools prohibit teachers from tutoring children in the school systems in which they work, too, making it difficult to connect with families needing help. Read More

Craigslist founder donates $1M to investigative journalism nonprofit ProPublica

Mar 01, 6:42PM

Craig Newmark The Craig Newmark Foundation just annoucned that it has donated $1 million to ProPublica. The foundation says that Newmark (either personally or through the foundation) made multiple millions of dollars worth of donations to media-related organizations last year, including giving $1 million to The Poynter Institute to fund a faculty chair in journalism ethics. Newmark recently told… Read More

Oculus slashes price of Rift headset + Touch controllers to $598

Mar 01, 6:23PM

1 Oculus Touch Facebook and Oculus are looking to make their brand of high-end virtual reality considerably more affordable with a price slash coming to its Rift headset and Touch motion controllers. Read More

Intel hopes 5G will breathe new life into its smartphone business

Mar 01, 6:16PM

img_1476 Intel lost the last battle for smartphones. In May, the company quietly announced that it was canceling plans for its Broxton mobile processor, effectively acknowledging that it couldn’t compete with Qualcomm and in-house chips from powerhouses like Apple and Samsung. But the war is far from over. Read More

The promise of 5G is still years away

Mar 01, 6:02PM

img_1358 Tech companies are terrible at tempering expectations. Really, really bad. Take last month, when Qualcomm CEO Stephen Mollenkopf told the audience at his CES keynote, “5G will have an impact similar to the introduction of electricity or the automobile, affecting entire economies and benefiting entire societies.” That’s a pretty damn high bar. Read More

GitHub brings its enterprise service to the cloud

Mar 01, 6:00PM

Workers install a billboard for GitHub Inc. in San Francisco, California, U.S., on Tuesday, Nov. 11, 2014. GitHub, which provides open-source code hosting services and has raised more than $100 million from investors, is among tech startups boosting demand for billboard space around Silicon Valley. Photographer: David Paul Morris/Bloomberg via Getty Images GitHub is expanding its offering for large companies today. The service, which allows developers to more effectively collaborate and share their source code, already offered an enterprise version of its tools that large companies could host in their own data centers, AWS or Azure. Now, it is launching a new hosted service of GitHub that, just like the enterprise version, will cost $21 per… Read More

United Launch Alliance successfully launches an Atlas V with U.S. recon satellite on board

Mar 01, 5:47PM

rocket-launch-ula United Launch Alliance launched an Atlas V rocket Wednesday, successfully kicking things off at the planned launch time of 12:49 PM ET. The launch put a satellite into space – but the satellite’s specific details and mission are secret, since it’s a classified piece of hardware run by the National Reconnaissance Office. You can re-watch the launch above. ULA declared… Read More

Prisma adds styles store and custom tool for superusers to make art filters

Mar 01, 5:42PM

Prisma styles store android Style transfer app Prisma is adding another couple of new features as it works to keep its community engaged: a styles store and a tool that lets users create their own styles by uploading an image and tweaking various filters. Read More

Spotify is testing a lossless subscription tier for $15 to $20 per month

Mar 01, 5:30PM

spotify black history month Spotify is thinking about introducing a new paid option in addition to the existing Spotify Premium subscription called Spotify Hi-Fi. For an extra $5 to $10, you could get all the features in Spotify Premium as well as lossless high fidelity streaming. There could also be a couple of new features. The Verge first spotted that the company has been doing tests on its mobile app. There are… Read More

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