by MATT GALLAGHER, Red Herring journalist Google officially announced closing its acquisition of Waze, the Israeli crowdsourcing mapping app, following a hotly contested bidding war with other tech giants, including Facebook, Apple…
Yahoo Acquires Tumblr for $1.1B, Promises “Not to Screw It Up”
Yahoo has acquired Tumblr, the popular blogging service, for $1.1 billion cash in one of the largest deals for a social networking company in years, even surpassing Facebook’s $1 billion acquisition for…
NTP Offers Universal Access to Business File Data Management
By MATT GALLAGHER, Red Herring journalist As NTP Software’s CEO Bruce Backa is fond of saying: “The business of file data management may not be as sexy as Google or Facebook, but…
2012 IPO Market Highest Since Financial Crisis
In a further sign of economic rebound, the US stock market surpassed pre-recession levels for the first time, hitting a pace this year that puts it on track to reach the heights…
Ouya Scores $15M for Android-based Games Console
Ouya, a Los Angeles-based startup whose Android-based games console attracted a lot of attention, not to mention money, from a better than anticipated Kickstarter campaign, recently raised $15 million, this time from…
Pentagon Directly Accuses China of Hacking Military Secrets
The Pentagon directly accused China of hacking US computer systems to gain access to its military technology. The accusations were part of an 83 page report to Congress on China’s military activity.…
US Military Drone Technology Massively Hacked by China
by MATT GALLAGHER, Red Herring journalist A US military contractor, whose UK parent is a spinoff of the actual government lab that inspired Q in James Bond thrillers, has been the source…
Costs Soaring, Baidu 1Q $328.9M Earnings Disappoint Analysts
Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million…
Netflix Quarterly Revenue Tops $1B, Subscribers Surpass HBO
Netflix topped expectations with its first quarter revenue report this year, earning $1 billion in quarterly revenue and surpassing HBO’s user base with 29.2 million subscribers. Though HBO does not publish customer…
China’s Ecommerce Market Rakes in $190B in 2012
The China Internet Network Information Center released some startling figures on the growth, size and potential of China’s ecommerce market. The sector earned more than 1.2 trillion RMB ($190 billion) in 2012.…