Pinterest, the 11-year-old, San Francisco-based site known for the photos its users post about everything from wedding to beauty trends, has hired Goldman Sachs and JPMorgan Chase as lead underwriters for an IPO that it’s planning to stage later this year. Reuters first reported the news. TechCrunch sources have since confirmed the development. A Pinterest…
Pandora announced today that shareholders have approved its $3.5 billion acquisition by SiriusXM. After the transaction closes, several key Pandora executives will leave, including CEO Roger Lynch, general counsel Steve Bene, CFO Naveen Chopra, and chief human resources officer Kristen Robinson. SiriusXM CEO Jim Meyer will lead the combined company. Pandora and SiriusXM announced the…
Meet Terra, the latest product line from iRobot destined to be forever known as the “Roomba for lawns.” There are worse names, of course. After all, with the Roomba line, iRobot was able do what countless startups have tried and failed before and after — introduce a truly mainstream home robot. If the Massachusetts-based hardware…
Pandora announced today that shareholders have approved its $3.5 billion acquisition by SiriusXM. After the transaction closes, several key Pandora executives will leave, including CEO Roger Lynch, general counsel Steve Bene, CFO Naveen Chopra, and chief human resources officer Kristen Robinson. SiriusXM CEO Jim Meyer will lead the combined company. Pandora and SiriusXM announced the…
I do not like the cold. I grew up on a tropical island, and though I appreciate the beauty of the first snow and winter festivities I will do everything in my power to avoid going out once the temperature drops below 40 degrees Fahrenheit. Needless to say that when Oros, an outdoor apparel company,…
In an international operation involving law enforcement authorities from the U.S. and several European countries, feds have shut down an online underground marketplace and arrested three suspects in Ukraine. Dubbed xDedic, the illegal online marketplace let cybercriminals buy, sell or rent out access to thousands of hacked computers and servers across the world and personally…
Allie Burns is managing director of Village Capital, and co-author of a recent report, “Capital Evolving: Alternative Investment Strategies to Drive Inclusive Innovation.” There is plenty of blame to go around for tech’s monoculture of thought and ideas: VC firms stacked with Ivy League-educated white male partners; a reluctance by investors to seed businesses outside…
When Apple lowered guidance on earnings earlier this month, it cited markets like China as a major factor in its disappointing numbers. Sure enough, when earnings hit today, things didn’t look great, as iPhone revenues dipped 15 percent year over year for the quarter. In an interview with Reuters earlier today, Tim Cook noted that…
A first batch of monthly progress reports from tech giants and advertising companies on what they’re doing to help fight online disinformation have been published by the European Commission. Platforms including Facebook, Google and Twitter signed up to a voluntary EU code of practice on the issue last year. The first reports cover measures taken…
It’s not surprising that Apple has a massive active install base of iPhones across the globe, but we now finally have an exact number to put behind it. During its Q1 earnings call, CFO Luca Maestri shared the install base for the first time. “Our global active install base of iPhone continues to grow and…
