tech and geek stuff
Snap arrives in London to woo skeptical investors ahead of IPO
Some were disappointed that it was just a question-and-answer session with no demonstration of Snapchat's spectacles, launched in the United States late last year, which come with a built-in camera. One...
Late Snap investors will need the IPO to pop for them to make money
Snap's late-stage private investors are counting on an IPO pop to cash in on their high-dollar investments. Between February 2015 and May 2016, Snap raised $1.8 billion in 11 separate stock sales, according...
Accused of defrauding investors, pharma badboy Shkreli seeks new investors
Enlarge / Martin ShkreliDrew Angerer/Getty Images reader comments 3 Share this story Martin Shkreli, the former pharmaceutical industry executive and hedge fund manager who is facing trial on accusations...
Kinds of tech investments that could flourish under Trump
Hot sectors such as artificial intelligence, virtual reality, voice control, and self-driving cars will continue to attract investment regardless of who occupies the Oval Office. The big question for...
Dow crosses 20,000 mark
Stocks have surged since the election of Donald Trump as investors look to cash in on the prospect of loosened regulations. The Dow’s quintet of blue-chip tech stocks — Apple, Cisco, Intel, Microsoft...
Silicon Valley's first IPO of 2017 comes with a caution flag
As Silicon Valley prepares for its first IPO of 2017, the hangover from the frothy funding environment is front and center. AppDynamics, whose software helps businesses spot and fix bugs in their applications,...
Ex-employee sues Snapchat, alleges it misled investors: Hollywood Reporter
(Reuters) - A former employee has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its initial public offering, the Hollywood Reporter said...
Nvidia leads S&P’s winners for 2016, drug stocks slump
Goldman Sachs helped a rally in financial companies and Caterpillar contributed to an industrial boom on Wall Street, while drug companies like Mylan suffered big drops. Nvidia’s stock jumped after each...
In potentially risky strategy, startups are piling on debt
Valued at about $200 million in April, the marketing automation company counts Bain Capital and Goldman Sachs among its backers—a source of validation in the eyes of many venture investors. Last year,...
Facebook investors criticize Andreessen for conflict of interest
The monumental shift would benefit Zuckerberg because it would let him sell shares to fund philanthropy, but it had the potential to harm investors by diluting their power over decision making. The company...
Apple needs to hike dividend to allow investors to ride out 'rough patches,' analyst says
Drexel Hamilton told investors Apple needs to significantly raise its dividend to appease investors as the research firm's latest supplier data on the iPhone points to deteriorating demand and therefore...
Trump’s “Mad Dog” stays as Theranos cuts figureheads and outs investors
Enlarge / FAYETTEVILLE, NC - DECEMBER 06: President-elect Donald Trump shakes the hand of retired U.S. Marine General James Mattis after nominating him for Secretary of Defense.Getty | Sara D. Davis reader...
LendingClub soars on $1.3 billion loan-purchasing deal
LendingClub Corp., the online-loan marketplace whose shares plunged after its founder’s surprise resignation, jumped the most since its initial public offering after securing a deal with an investor who...
Spending vs. profits: Amazon and investors at odds again
Amazon Inc may be a "buy" for the vast majority of analysts, but it was a "sell" for a lot of investors on Friday.Few of those investors would have been disappointed, though. While Amazon's stock was...
Investors demand answers, new phone from Samsung after Note 7 fire fiasco
SEOUL (Reuters) - Samsung Electronics Co Ltd needs to quickly find the cause of the fires that led to it pulling its Galaxy Note 7 smartphones and get a new model to market, investors said on Wednesday,...
Theranos, still limping, smacked with fraud lawsuit by big, mad investor
Theranos CEO and founder, Elizabeth HolmesNBC Today reader comments 27 Share this story In the past year, Elizabeth Holmes, founder and CEO of Theranos, has proven impressively tenacious. She stood firm...
Disney eyes Twitter; investors pressure North Carolina over LGBT
Disney, which owns of ABC and ESPN, could obtain a new online outlet for entertainment, sports and news. About 60 investors representing $2.1 trillion in managed assets are joining the NCAA, entertainers...
Peek, SF tourism startup, raises $10 million from investors
A San Francisco startup looking to become an online marketplace for tourist activities — and backed by the likes of Eric Schmidt of Alphabet and David Bonderman of TPG Capital — has collected more money...
SEC investigating Tesla crash investor disclosure, WSJ says
According to a report by the Wall Street Journal published Monday afternoon, the US Securities and Exchange Commission (SEC) is investigating whether Tesla Motors should have disclosed the nature and...
Hunger for tech startups helps Japan's Line price IPO at top of range
"The Line listing has given access to a sector that's tightly held and perceived as high growth, even if the fundamental economics often don't scratch up." Private tech firms such as Uber Technologies...
Questions and answers about crowdfunding investing
Crowdfunding investing that became available to individual investors on May 16 is new for many people. Here are some questions and answers about this way of buying stakes or debt issued by small businesses:...
Buy GameStop on successful transformation: Macquarie
Investors should buy GameStop as the video game retailer will overcome its current challenges and become more diversified, according to Macquarie, which initiated coverage on the company with an outperform...
Kuka CEO says company in talks with potential new investors
FRANKFURT (Reuters) - German robotics maker Kuka is in confidential talks about potential new investors in addition to the takeover offer made by Chinese home appliances giant Midea , Chief Executive Till...
Line's IPO price range values firm up to $6.6 billion
Japan's Line on Tuesday set a price range for a Tokyo share sale that could value the messaging app operator at up to $6.57 billion, indicating strong demand for a firm that pitched itself as a stable...
‘Silicon Valley’ finale: What happens when VCs find out you used a click farm in Bangladesh
Spoiler alert: It is not possible to review and comment on episode 10 of the HBO show "Silicon Valley," which aired on Sunday, without revealing some critical plot twists. You are forewarned. The season...
Line, biggest tech IPO of the year, struggles to show its growth plan can work
Idezawa, who became Line's chief executive in March last year, has been key to tightened procedures, a person familiar with the matter said. Idezawa is known for his strictness on compliance-related matters,...
Brexit could change the rules of the game for tech investors, says VC
Stocks in the U.S. technology sector fell 2 percent Monday, following the Nasdaq lower as markets digested political uncertainty in U.K. The vote to separate the global financial center of London from...
SoftBank founder's plan to stay on cheered; loss of heir apparent shrugged off
The decision by Arora, who was in charge of the company's overseas investments, to move on, however, made it crucial that Son clarify the company's long-term plans, said analysts who also noted slow progress...
Europe’s tech unicorns are beating the US on this one key metric
The average revenue of European unicorns is almost three times as high as their U.S. counterparts - $315 million compared to $129 million. And U.S. unicorns are valued, on average, 46 times their revenue,...
Uber sets sights on leveraged loans for even more money
Uber has raised equity from traditional venture capital sources, strategic corporate investors and private equity. A leveraged loan is a security issued to a company that has a lot of debt on its books...
Want to get into tech investing? This VC firm has just gone public
But the problem, according to Simon Cook, chief executive and co-founder of Draper Esprit, is that retail investors are shut out from the fast-growing tech start-up space. Crowdfunding platform such as...
How to raise money with crowdfunding
Getting started with crowdfundingSecuring finance to help you start your own business has become a lot more difficult recently. Previously, banks would lend money with comparative abandon. Today, they're...
8 Things You Shouldn’t Do at Your Investor Meeting
Getting funding today isn’t too hard. As one of my good friends once sarcastically said when I lived in Silicon Valley, “Everyone and their mothers is an investor out [in Silicon Valley],” going on to...
LendingClub cancels summer intern program as desperation hits
"Ultimately, these are unsecured loans," Phillips said. "So maybe some borrowers view it as, `Oh, is this company even legitimate, what happens if I don't pay?'" Of course, borrowers are still obligated...
LendingClub's travails could cast long shadow on industry
Renaud Laplanche, founder and CEO of LendingClub, arrives on the floor of the New York Stock Exchange before his company's IPO in December 2014.(Photo: Richard Drew, AP) SAN FRANCISCO — A grand-jury subpoena...
Want to invest in the next Uber? Now you can, with $2,000
Starting today, rank-and-file investors who want to catch a ride with a "unicorn" -- startups with valuations of more than $1 billion -- can make their fantasy more of a reality.New investing rules are...
How to keep your investors invested
You did it. You secured your funding. Good for you. You tirelessly developed, pitched, sold, maybe even danced a little. Not a song and dance, but a display of passion, commitment and promise. You...
When infighting threatens to destroy a venture capital firm
The disagreements festered, setting off a chain of events that included accusations of abuse, a restraining order application, revelations that a hidden camera was used to record an investor meeting,...
Tesla's stock drops as investors question Musk optimism
Tesla has revised the looks of its Model S sedan. Most of the changes are to the front end, including a narrower grille(Photo: Tesla Motors) SAN FRANCISCO - Tesla stock dropped 5% Thursday as investors...
Investors may have profited from leaked U.S. data: ECB research paper
FRANKFURT (Reuters) - Investors earned millions of dollars in profits from correctly betting on market moves ahead of sensitive U.S. economic data, suggesting leaks of key indicators, a European Central...
Apple’s loudest activist investor just dumped his stake
Carl Icahn, one of Apple’s biggest activist investors, told CNBC he has exited his position in the company. He was known for basically trying to pressure Apple into bumping up its efforts to...
A Silicon Valley VC says investors from China are joining Series A deals, and they’re playing “hardball”
As a venture investor for the last 20 years, George Zachary has witnessed plenty of trends develop and fizzle. Yesterday, we talked with him about what he’s seeing right now, and among the...
SEC may reduce number of company earnings reports
Four times a year there’s a kind of parade on Wall Street: companies announce their quarterly earnings, all in a row, with the banks first, then the tech companies, and the retailers bringing up the rear....
SecureWorks sees lackluster trading after IPO
In its first day of trading Friday, shares of SecureWorks, a digital security company, did not move from the $14 price set the night before. [...] the ways in which SecureWorks does resemble some unicorns...
Web lending gets cold shoulder from investors
"There was such a headwind against LendingClub," he said. "No matter how much we say we're different from LendingClub, we were going to be grouped against that sector." LendingClub and smaller rival Prosper...
Electronic Arts attracts more investors even as stock fizzles
SAN FRANCISCO (Reuters) - Fresh off a two-year stock rally and a win with its "Star Wars: Battlefront" title, Electronic Arts Inc is attracting sizeable buy-in from institutional investors who expect the...
Crowdfunder launches a VC fund for the crowd
Angel investors who wish they could invest alongside top-shelf VCs like Andreessen Horowitz, Greylock and 500 Startups finally have an opportunity to do just that. Crowdfunder today announced the...
RiskRecon scores $3 million seed round to provide objective cloud vendor security assessments
RiskRecon, a startup that helps companies make objective security assessments of third-party cloud vendors, emerged from stealth today with a $3 million seed round led by General Catalyst. Several...
Impatient with Yahoo, some investors cheer Starboard effort
BOSTON/SAN FRANCISCO (Reuters) - Activist hedge fund Starboard Value LP's campaign to replace Yahoo Inc's board of directors is being welcomed by some investors who have grown impatient with the faded...
Has Samsung got its mojo back with the Galaxy S7?
The two Galaxy S7 models have won acclaim for their sleek design and the return from previous models of features such as microSD card storage support and water resistance, though analysts noted the phones...
What life science investors got right in this most recent boom
It’s long been the case that life sciences investors don’t get the attention that their more traditional tech counterparts do. They’re underrepresented on lists of top investors...
Fitness entrepreneur pleads guilty to bilking investors
Newman, 36, pleaded guilty in U.S. District Court in New Jersey last week to one count of wire fraud in a scheme that authorities said bilked at least 30 investors out of about $3.1 million. The guilty...
Court: Essentially none of cryptocurrency firm’s assets “actually exist”
Further ReadingFeds raid cryptocurrency startup accused of scamming $32M from investorsSEC says Gemcoin is nothing more than "a fraudulent pyramid scheme."In a new report, the court-appointed receiver...
What to expect from Apple's event Monday
Investor sentiment is split around the 5SE, said analysts. Rosenblatt Securities analyst Jun Zhang believes that investors are not excited about this new iPhone. "We are also bearish on iPhone 5SE model,"...
SpoonRocket shuts down amongst on-demand apocalypse
SpoonRocket has just informed its investors it’s shutting down its on-demand pre-made meal delivery service, after failing to raise the necessary capital to go on, according to a source familiar...
Former VW employee says he was fired after questioning deletion of documents
A former Volkswagen Group employee has sued the auto company, saying he was fired after he told VW’s in-house lawyers and its information technology manager that data was being illegally automatically...
Confide confidential messenger gets $1.6 million, launches premium message retraction
Confide, the messaging platform that keeps everything confidential, has today announced the close of a $1.6 million extension to their seed round, bringing total funding to $3.6 million. Investors...
It's not just the Oscars: #TechSoWhite, too
Gregory Lowe II, CEO of Lowekey and founder of Fitbox(Photo: Ian Davis) The "Oscars so white" controversy dominated the Academy Awards ceremony last week. But it’s not just an Oscars problem. As an African-American...
When capital prefers venture over public markets
Market movements in the technology sector — particularly in SaaS tech companies — are causing a stir among investors. It’s always a challenge to estimate valuation ranges for publicly...
Yahoo moving fast to evaluate possible sale, CFO tells investors
Yahoo Chief Financial Officer Ken Goldman on Thursday reassured investors that the struggling company is serious about exploring all of its options, including a sale. Goldman said the committee of three...
Apple accuses EU of a litany of “breaches” in defense of Irish tax deal
EnlargeWilliam Murphy reader comments 28 Share this story Apple has attempted to school the European Commission on how it interprets Irish law, by lodging no less than 14 pleas in its challenge against...
Apple may reveal its new iPad Pro lineup soon
Apple is being mum about the next step its taking with its tablets, but we may learn exactly where the tech giant is going in just a month.2017's lineup of iPad Pros is expected to be revealed during...
Report: Apple is planning a top-to-bottom refresh for the iPad in March
Enlarge / The iPad Pro, Smart Keyboard, and Apple Pencil. Andrew Cunningham reader comments 28 Share this story For some time now, the ever-churning Apple rumor mill has been telling us to expect some...
Evidence for iPhone 8 face-unlocking mounts, as Apple acquires facial recognition startup
Recently, it’s been speculated that Apple may forgo its Touch ID feature on the upcoming iPhone 8 in favour of facial recognition, and the company’s latest acquisition seems to line up pretty neatly with...
I regard the brain as a computer which will stop working when its component fail. There is no heaven or afterlife for broken-down computers. That is a fairy story for people afraid of the dark