Groupon reported its first quarterly earnings as a public company this week and blew away its numbers — in the sense that it stopped reporting key numbers investors need to assess the health of its business.
Based on generally accepted accounting principles (GAAP), the daily-deals company continues to lose money. But the bigger concern for investors is Groupon keeps changing how it wants to be measured and hiding metrics that point toward a deterioration of … Continue Reading
Many analysts think President Obama won the 2008 election partly due to his campaign’s ability to use social networks and the web to rally and influence voters. And now with the 2012 election season upon us, Obama is showing he still gets it with the release of a subscribe-able 28-track Spotify playlist.
Obama’s official Twitter account today posted a new Spotify playlist titled “2012 Campaign Playlist” with the message: “A little Wilco, a bit of … Continue Reading
Manufacturing company Foxconn was hacked this week by a new group of “greyhat” cyber criminals who say tearing down companies is fun.
“So Foxconn thinks they got ‘em some swagger because they work with the Big Boys from Intel, Microsoft, IBM, and Apple? Fool, You don’t know what swagger is,” said a SwaggSec member in a letter addressed to “Users of Cyberspace.”
SwaggSec, which started tweeting about their hacking endeavors on January 26th, released access … Continue Reading
The new arcade on the iPhone is a whole lot like the old arcades of the 1970s and 1980s, according to a team of veterans from Atari.
That means you can learn lessons for today’s game designs from the history of the arcades. That thinking is driving Innovative Leisure, a startup that is pulling the veterans into a kind of reunion company headed by Seamus Blackley (pictured far right and at bottom) and Van Burnham. … Continue Reading
Earlier this week Kickstarter set a new record when the Elevation iPhone Dock became the first to close in on the $1 million dollar mark. But that milestone isn’t likely to last long. In the first 24 hours a project from gaming studio Double Fine Adventure’s Kickstarter project has raised more than $750,000 and shows no signs of slowing down.
As GamesBeat reported yesterday, Tim Schafer and Ron Gilbert are legendary game makers from the … Continue Reading
Valentine’s Day is less than a week away, and if you’re looking for a cute and Earth-saving way to show your special someone how much you care, we’ve got you covered*. Kaitlyn Trigger, girlfriend of Instagram co-founder Mike Krieger, created Lovestagram, a simple Valentine creator that uses your Instagram photos.
Trigger built the app as a Valentine’s present to Krieger and has opened it up for everyone to use. She taught herself how to code … Continue Reading
Search king Google is close to launching its own cloud storage service similar to Dropbox or Amazon CloudDrive, according to a report from the Wall Street Journal.
If the report holds true, Google will be entering an extremely crowded market with a product simply called Drive. (No relation to the awesome Ryan Gosling movie.) On top of Dropbox and Amazon, th market consists of strong players like Microsoft SkyDrive, Box, SugerSync, and many others.
Drive’s … Continue Reading
Alibaba has suspended public trading of its shares in Hong Kong as it prepares to buy back the 40 percent stake held by Yahoo.
The transaction is said to be worth between $10 billion and $11.5 billion.
In a filing with the Hong Kong stock exchange, Alibaba representatives said the company would be releasing a statement today that would be “potentially price sensitive.”
Late last year, Alibaba began rounding up the financing to buy back … Continue Reading
Kodak, the beleaguered company that invented the handheld camera, is slashing its product lines in an attempt to survive a rapidly changing consumer electronics landscape.
The iconic company will ease production of its cameras, including digital and pocket video cameras, as well as its digital picture frames, before the summer of 2012 is over. Exiting this aspect of its business will cost Kodak an initial $30 million but is expected to result in a $100 … Continue Reading
The FBI has released its full dossier on Steve Jobs.
Jobs, who passed away just last October after a prolonged battle with cancer, is best known for his role as Apple’s enigmatic co-founder. However, the FBI seems to have cast Jobs in a number of other roles, as well — some of them far from flattering.
The file, which we’ve embedded below, contains commentary on Jobs’ marijuana and LSD use, especially during the 1960s and … Continue Reading
Marriage in online role-playing game Maplestory is serious business. Just ask some of the folks who found themselves marrying other players in the game, or the marriage and family therapist who weighed in on their online relationships.
Marriage expert Athena Carrillo Lee of Mind Body Spirit Therapy in Los Angeles had a few words to say about those who virtually tie the knot.
When asked why people form these in-game relationships, she said, “Some players … Continue Reading
Google’s $12.5 billion purchase of Motorola Mobility will likely be approved by the U.S. Department of Justice next week, sources tell Bloomberg, but don’t expect Google to backtrack on Motorola’s contentious patent litigation tactics.
Purchasing Motorola will grant Google over 17,000 mobile patents in addition to the phone maker’s handset assets. Many had expected Google, which has historically argued against the trend of patent litigation from the likes of Apple and Microsoft, to use its … Continue Reading
Software titan and now cloud services provider Oracle has agreed to acquire talent management cloud company Taleo for $1.9 billion, the companies announced today.
The deal greatly mirrors the $3.4 billion acquisition of employee performance management software provider SuccessFactors by enterprise software giant SAP. Oracle and SAP are involved in an intensifying battle for large enterprise customers, as their software and cloud offerings begin to overlap. With SAP buying SuccessFactors, the only proper thing for … Continue Reading
Agile, a software development methodology born back in 2001, has now entered the mainstream. According to a Forrester Research report issued last month, Agile is not only used in several of the world’s leading companies now but is being applied in areas beyond software development.
For those of you unfamiliar with Agile, it’s an approach to software development that is faster than the more traditional “waterfall” software development process. With the waterfall approach, which had … Continue Reading
As long as consumers are crazy about mobile apps, developers will build them — and as long as developers are cranking out mobile apps, companies like Appcelerator will continue to flourish and snap up companies like Cocoafish.
In a nutshell, both Cocoafish and Appcelerator are in the business of making mobile development a lot easier, and the latter has just announced its acquisition of the former. The terms of the deal were not disclosed.
Appcelerator … Continue Reading
One year after Apple unveiled the iPad 2, the company is set to announce the iPad 3 in the first week of March, sources have told AllThingsD.
The event will likely be held at the Yerba Buena Center for the Arts in San Francisco, which traditionally houses Apple’s largest announcements. The timing makes sense for Apple since it launched the iPad 2 in early March last year.
There’s no word yet on when the iPad … Continue Reading
Chasing World of Warcraft in its biggest market, Trion Worlds is announcing today that it will launch its Rift online fantasy role-playing game in China in a partnership with Shanda Games.
In an interview, Trion Worlds chief executive Lars Buttler said that the move is the next logical expansion for Rift, which garnered more than 1 million registered users in its first four months on the market after its debut in March 2011. After five … Continue Reading
Just a friendly reminder that we’ll be in Boston next Tuesday, February 14, and we’re still looking for the best local companies to come meet with us.
We’ll be there as part of our global DEMO tour, and we’ll be partnering with three of the top mentors Boston has to offer. Antonio Rodriguez (partner at Matrix Partners), Katie Rae (head of Techstars Boston and Project 11), and Fred Destin (partner at Atlas Venture) will all … Continue Reading
How’s this for a mega geek fest?
Lucasfilm is teaming up with three social media startups to create the Course of the Force, a 120-mile relay run where a chain of joggers will carry a lightsaber like an Olympic torch to their final destination. The charity run will go from Santa Monica, Calif., to the annual San Diego Comic-Con International conference.
The whole affair will be broadcast on the web. Teaming up to stage the … Continue Reading
In an effort to cut driving distractions even further, the crowdsourced driving app Waze today has added the ability for fully hands-free voice control to report traffic situations — bringing Siri-like functionality to the free app before Apple has released its own Siri API.
Waze’s solution is actually more advanced than Siri in one key way: you don’t need to awkwardly hold down any buttons to activate voice commands. Instead, Waze’s voice controls are activated … Continue Reading