THE BUSINESS OF TECHNOLOGY
by Anam Alpenia, Red Herring The EU Competition Commission has ruled that Microsoft failed to comply with a 2009 ruling mandating it to offer a choice of web browsers, which could mean a hefty fine of up to $7.4 billion, about 10 percent of the computer giant's revenue in 2012, Reuters reported. Following its investigation that began last July, … [Read more...]
by Matt Gallagher, Red Herring Barely a month after its launch, SimpliVity has raised a $25 million investment led by Kleiner Perkins Caufield & Byers to help propel its “data center in a box” technology to market. Existing investors Accel Partners and Charles River Ventures also contributed. Living up to its name, SimpliVity strives … [Read more...]
Apple's not content with the $1 billion fine a US District Court slapped on its competitor Samsung after a judge ruled the company had “willfully violated” 6 out of 7 of its patents. The company has asked for a fine of $700 million more, plus a complete and permanent ban on the importation of any infringing Samsung devices, Reuters first … [Read more...]
Setting its competition scopes directly on Square, Groupon launched a credit card scanning service that boasts lower fees and an ability to track transaction activity. The service goes head to head against Square and PayPal. Dubbed Groupon Payments, the service accepts Visa, MasterCard, Discover, and American Express cards. It offers a free … [Read more...]
Square, the mobile payments startup that turns any smartphone into a credit card machine, has raised an astonishing $200 million Series D financing round. AllThingsD, which first broke news of the investment, has pegged the value of the company at $3.25 billion. The round includes contributions from Citi Ventures, Rizvi Traverse Management, and … [Read more...]
Growing 401 percent year over year, China's smartphone market is the fastest growing market in the world, according to new analytics by Flurry, the mobile analytics firm. Though currently second behind the US, China has set a pace to likely overtake the US market by Christmas. The US adds about 30 million new active devices to the stream … [Read more...]
After only 21 hours of deliberation, a jury ruled mostly in favor of Apple, finding that Samsung had violated six out of seven patents, and awarded $1,049,343,540 to the computer giant. The jury also ruled that all seven of Apple's patents were valid, and maintained that Apple did not violate any of the five patents Samsung held in a … [Read more...]
Propelled by the upcoming release of the iPhone 5 and a potentially smaller and more affordable iPad, Apple's stock hit $664.74 this week, raising the company's value to $623 billion, the highest ever in Wall St.'s history. The company beat out Microsoft's high of $620.58 billion on Dec. 30, 1999. Granted, that's not adjusted for inflation, … [Read more...]
Getty Images, the mega stock photo site, has been sold for $3.3 billion to the Carlyle Group, the Getty family and key management figures. The Carlyle Group will partner with the photo conglomerate’s co-founders Mark Getty and Jonathan Klein and the Getty family to acquire the business from private equity firm Hellman & Friedman. 50 … [Read more...]
Google's self-driving robot cars have now clocked over 300,000 miles, the equivalent of driving 12 times around the world's 25,000 mile equator circumference. And they've done it without an accident, or at least one caused by the self-driving computer. Drive around the world often enough, and eventually someone will hit you, even if you are R2D2, … [Read more...]