Informatica closes deal to go private; Microsoft and Salesforce are strategic investors
A few months after announcing its plans to go private, Informatica closes the deal at $5.3 billion. Informatica, the enterprise software provider based in Redwood City and announced in April that it will be bought for $5.
Aug 09, 2015 11:17 PM EDT
Media stocks tumble as more customers ditch cable
US stocks, led by shares of media companies, tumbled on Thursday, as earnings reports indicate more and more cable subscribers are shifting into video streaming for viewing. As people move away from traditional TV, Netflix shares soar.
Zynga increases profits but loses users; Plans to launch new game
Zynga enjoys a dramatic increase in bookings and profits yet active users are declining. The company announces its partnership with Warner Bros. in a new slot game to be launched in 2016.
Intel ups bonus for referring women and minorities in a bid for workforce diversity
Tech giant Intel reveals that one of their ways to move forward to their diversity goal is to double their referral bonus to employees who refer women and minorities into their workforce.
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Tesla's stock down 6% as it lowers car delivery forecast
Electric carmarker Tesla has reported better-than-expected second quarter results. But it lowered its car delivery forecast for the year, sending its stock tumbling.
Aug 07, 2015 1:08 AM EDT
From radio to TV, Spotify's content chief Ken Parks joins Pluto TV
Ken Parks, chief of Spotify's content, will be joining streaming startup Pluto TV as its Chairman. Parks will still work with Spotify in an advisory capacity to CEO Daniel Ek after the transition.
Aug 06, 2015 11:32 PM EDT
Batman saves the day for Warner Bros: Q2 game revenue 135% higher
Despite gamers' complaints on the worst performance of Batman: Arkham Knight, Warner Bros. still managed to bag an increase of 135% on their game revenues in this year's second quarter. Mortal Kombat X and Batman: Arkham City contributed a lot to the company's games business success.
Aug 06, 2015 8:04 AM EDT
Silicon Valley Bus Drivers Woes: Apple is amenable to offer better working conditions
Apple is working out with contractors for its drivers' wage hike by $27.50 an hour. Recently, Teamsters Local 853, the tech bus union protested over their unpaid downtime from morning to evening.
Aug 06, 2015 2:34 AM EDT
Parse.ly CEO Sachin Kamdar talks about how his company achieves 150% year-over-year growth
Sachin Kamdar shares his some pointers on how his web analytics company, Parse.ly, achieved 150%-200% yearly growth.
Aug 06, 2015 2:13 AM EDT
Original Content is King to Netflix's 'World Domination' Strategy
Streaming media provider Netflix is looking to produce its own original content instead of licensing properties from studios.
Aug 06, 2015 1:47 AM EDT
Your network is equal to your net worth: Soon, Facebook can approve loans based on your friends' credit scores
Facebook patented a social network system that will filter searches, spam and will grant service providers like lenders to approve your loan application through your Facebook friends' credit scores.
Aug 05, 2015 11:00 AM EDT
Auto insurance industry clueless on driverless cars
Car insurance companies are alarmed at how much they would potentially lose when the driverless cars dominate the market in the coming years.
Aug 04, 2015 5:13 AM EDT
Gravity Payments pulled down due to $70,000 minimum wage announcement
What started out as an idealistic vision to uplift morale and productivity within Gravity Payments soon came back to haunt it once CEO Dan Price realizes that the change requires more than what he was willing to pay for.
Aug 04, 2015 2:08 AM EDT
Stewart Butterfield on leadership: I am a terrible manager
Stewart Butterfield, the Slack CEO, told an interview that he is a 'terrible manager'. In an interview, the CEO of $2. 4B worth Slack app and Flickr co-founder, Stewart Butterfield, admitted he is a 'terrible manager'.
Aug 04, 2015 1:56 AM EDT
Twitter shares drop 15%; Is the microblogging platform ripe for a takeover?
As Twitter shares dip to near its lowest point since its IPO, analysts ask if the company may be due for an acquisition.
Aug 03, 2015 11:26 PM EDT
Germany's luxury automakers buy Nokia's maps
Germany's luxury carmakers acquire Nokia's HERE maps for a little more than $3 billion. The acquisition is unprecedented in the auto industry amid growing competition for self-driving car technology.
Aug 03, 2015 10:04 PM EDT