Facebook’s S-1 is finally out last week with a bang, ending all the speculations running in the market from the past few days and states how much stock company founder Mark Zuckerberg, investors, employees and others own in the company. Facebook has raised a total of $2.4 billion in funding and seeks to raise as much as $5 billion in a public offering. With a newly released conversion agreement, the social networking giant reported that Digital Sky, a Russian-based investment firm and Eduardo Saverin were involved in the transfer of...
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Groupon, a deal-of-the-day website, announced its financial results for its fourth quarter ended December 31, 2011. Revenue increased 194% to $506.5 million in the fourth quarter 2011, compared to $172.2 million in the fourth quarter 2010. Gross billings, which reflects the gross amounts collected from customers for Groupons sold, excluding any applicable taxes and net of estimated refunds, increased 201% to $1.25 billion in the fourth quarter 2011, compared with $415.3 million in the fourth quarter 2010. Operating income was $15.0 million...
The social networking giant, Facebook last week filed its S-1 papers for its late-may due IPO – the company filed for an Initial Public Offering to raise $5 billion In its IPO bid. As part of it, the company revealed lots of interesting new numbers that indicates how big it actually is – with its users’ number, investors’ shareholding percentage, top employees salaries and many other things. According to The Sydney Morning Herald, the new IPO information submitted by the social giant has revealed that founder Mark Zuckerberg is...
Foxconn, which is under the news due to allegations of poor working conditions in its factories, is reportedly now the victim of a hacking attack. 9to5mac is reporting that Hacker group name as SwaggSec just released a dump of Faxconn internal information which even includes a mail server login/password dump and logins to various online procurement sites and Intranets. The group made a file of 6.04MB available earlier this evening, first on Demonoid followed by on The Pirate Bay, which contains longin and password details of Foxconn’s...
Conglomerate Honeywell, the company which develops thermostats, had recently filed a patent infringement lawsuit against Nest Labs, the developer of the innovative smart thermostat alleging the infringement of seven Honeywell patents related to its thermostat technology. In response to this, Nest released a statement stating, “vigorously defend itself against Honeywell’s...
Hacker group, Anonymous strikes again, this time it make a big bang by hacking the email accounts of Syrian president Bashar al-Assad’s aides. The hacker group hacked some 78 username and password combinations for the accounts and 56 of those accounts used the password “12345”, while five others added just a “6” to that string. According to Foreign Policy, few of the emails contained incriminating info, though the media has latched onto a message sent between two press aides suggesting some advice on manipulating American audiences...
Apple which recently accounted its highest quarterly earnings of record $46.3 billion in revenue, the company is still finding itself somewhere in reports of labor abuses among its suppliers – first NY Times reported Apple’s harsh working conditions at company’s component suppliers in China – and then followed by CNN published a video of journalist Stan Grant...
According to TechNet, the “App Economy” has created an estimated 466,000 jobs in the United States, since from the time when Apple’s iPhone was introduced. The results was revealed after the study and research conducting during the period of 90-day ending December 31, 2011, where the group identified roughly 44,000 non-duplicated ads for computer and mathematical...
Virgin Media announced its 2011 quarter results with £4 billion ($6.3 billion) in revenue for the year and made its first ever profit with a tidy £76 million ($120 million). Total revenue in the fourth quarter was up 2.0% to £1.0 billion (about $1.59 billion), as growth in consumer segment cable revenue and business segment revenue were partially offset by reductions...
With the confirmation coming from multiple resources, and as was first reported by AllThingsD, LinkedIn has acquired contact management startup Rapportive – which makes a browser plugin that overlay Gmail with contextual information about email contacts. Rapportive raised about $1 million in 2010 from investors including Charles River Ventures, Dave McClure, Paul Buchheit, Jason Calacanis, Gary Vaynerchuk, Shervin Pishevar and Venture Hacks. The startup which is still available only for Gmail, overlays an email correspondent’s...
