Techmeme

Results 1 - 10 of about 85:

Reed Albergotti / The Information:
Sources: Fitbit to announce on Monday it will cut 5% to 10% of its ~1600 employees, amid a weaker-than-expected quarter; source says cuts will save firm ~$200M   —  Fitbit is to cut between 5% and 10% of its employees, the company will announce on Monday, while disclosing that its fourth-quarter results were below expectations.
Jan 29, 2017, 9:25 PMIn context
Tom Dotan / The Information:
Source: Zenefits searching for a possible replacement for CEO, less than a year after David Sacks took the position   —  Zenefits is trying to recruit senior managers who could replace CEO David Sacks, less than a year after he took over from embattled co-founder Parker Conrad, according to a person close to the company.
Dec 2, 2016, 8:25 PMIn context
Reed Albergotti / The Information:
Sources: Fitbit to buy Pebble for “small amount”   —  Fitbit, the leader in the fitness band market, is near a deal to acquire smartwatch maker Pebble, according to three people briefed on the deal.  —  The price couldn't be learned but it is thought to be for a small amount.
Nov 30, 2016, 10:41 PMIn context
Alfred Lee / The Information:
New Snap Inc. charter filing shows co-founders Evan Spiegel and Bobby Murphy will retain control of the company after IPO via new class of supervoting shares   —  Snap Inc. has authorized a new class of shares that ensures founders Evan Spiegel and Bobby Murphy will retain control …
Nov 4, 2016, 4:12 PMIn context
Alfred Lee / The Information:
How Etsy is Becoming a Services Firm   —  Online craft marketplace Etsy, considered one of last year's IPO duds, has seen its stock rebound like the handmade bouncy ball cat toys it sells ($5 for two, with felted wool and organic catnip).  It's more than doubled to above $13 in recent months …
Oct 29, 2016, 9:45 PMIn context
Amir Efrati / The Information:
Source: Amazon weighs offering internet service in Europe in order to bundle broadband access with Prime Video   —  Amazon.com is considering offering internet service directly to consumers in Europe, said a person briefed on the discussion.  That would allow Amazon to bundle internet access …
Oct 18, 2016, 7:30 PMIn context
Kevin McLaughlin / The Information:
Source: David Foster hired by Google to lead hardware development for Pixel, previously oversaw Echo, Dash development at Amazon   —  David Foster, who helped develop the Amazon Kindle and Kindle Fire tablet, joined Google on Monday as vice president of product engineering in its hardware group, Google said.
Oct 4, 2016, 10:10 AMIn context
The Information:
Sources: Snapchat talking to investment bankers about filing for an IPO later this year or early 2017 but hasn't yet settled on a bank   —  Snapchat has been talking to investment bankers about filing for an IPO towards the end of this year or early in 2017, according to people the company has spoken to.
Sep 7, 2016, 4:15 PMIn context
Amir Efrati / The Information:
Sources: Uber shut out Uber board member and Alphabet exec, David Drummond, from attending board meetings   —  Uber has shut out an Uber board member and senior Alphabet executive, David Drummond, from attending board meetings, according to three people briefed about the unusual arrangement.
Aug 29, 2016, 5:05 PMIn context
Jessica E. Lessin / The Information:
Source: Snapchat to buy recommendation app Vurb for around $110M plus retention payouts totaling nearly as much   —  Snapchat is tiptoeing into search.  —  The company is acquiring recommendation app Vurb for around $110 million plus additional team retention payouts totaling nearly as much …
Aug 15, 2016, 5:13 PMIn context

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