New Enterprise Associates, the 41-year-old venture firm with offices in Menlo Park; San Francisco; Boston; New York; Chevy Chase, Md.; and Washington, D.C., is raising its biggest fund ever, shows a new SEC filing that shows target of $3.6 billion. The fund, its seventeenth, is just slightly bigger than the $3.3 billion fund the firm…
Facebook is taking legal action against a cluster of Chinese websites that sell fake accounts, likes and followers both on Facebook itself and on Instagram. The company announced the legal action in a short blog post late Friday afternoon (a move unusual enough to pique our curiosity a little). Of course, the fact that Facebook…
The Beats by Dre lineup of headphones have become an icon in the world of head-fi, and although they have a mixed reputation among dedicated audiophiles, there’s no denying that Beats remain as popular as ever – so much so that Apple spend three billion dollars to acquire the brand in 2014 (the largest acquisition…
Late last year, Huawei CFO Meng Wanzhou was arrested in Vancouver, Canada over alleged violations of U.S. trade sanctions with Iran. This week, the Canadian government announced it will allow for the executive’s extradition to proceed. Officials in the Department of Justice Canada have issued an Authority to Proceed, a proclamation that officially begins the…
Last month, Spotify announced that it had paid $340 million for Gimlet and Anchor in a push to make its mark on podcasting. But while it’s encouraging to see media giants throw weight and money behind the medium, the beauty of the format has always been its accessibility. It’s the rare form of entertainment that’s…
Rackspace, the hosted private cloud vendor, let go around 200 workers or 3 percent of its worldwide workforce of 6,600 employees this week. The company says that it’s part of a recalibration where it is trying to find workers who are better suited to their current business approach. A Rackspace spokesperson told TechCrunch that it…
Another overly niche streaming service is closing up shop. On Friday, Alpha – a geek-friendly streaming service that focused on TV, pop-culture, sci-fi, comics, video games and more – announced it was shutting down. The subscription-based streaming service had been a joint venture between Nerdist and Geek & Sundry, and offered $4.99-per-month access to a…
Co-working juggernaut WeWork (now known as the We Company) has laid off 3 percent of its global workforce, or roughly 300 employees, the company told TechCrunch. The heavily funded business, most recently valued at a whopping $47 billion, employs 10,000 people around the world. Headquartered in New York, the layoffs were performance-related, part of the…
Peggy and Tom Wheeler, visiting fellow, Brookings Institute, and book author, From Gutenberg to Google, The History of Our Future, explains that each new technology has had a serious economic and societal challenge—and why should we expect anything to be different today. He points to examples on the railroad and in coal mines. His recommendation?…
Walmart is currently selling the Xerox Phaser 6022 printer for just $179, a full $100 off of the regular retail price for a savings of about 36 percent. The non-nonsense color laser printer is perfect for the small or medium office. The post Save $130 on this speedy color laser printer from Xerox appeared first…
