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Techmeme
November 7, 2013, 7:30 AM
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@twitter:
We just priced our IPO. pic.twitter.com/NWXaO4Myq0
Bloomberg:
Twitter raises $1.82 billion at a valuation of $18.1 billion, pricier value than Facebook  —  Twitter Raises $1.82 Billion, Pricier Value Than Facebook  —  Twitter Inc. (TWTR) raised $1.82 billion in its initial public offering, seizing on surging investor demand to price at a more expensive valuation than rival Facebook Inc. (FB)
More: BBC
Peter Eavis / DealBook:
Twitter's Market Valuation Suggests Wall St. Sees Huge Growth Potential  —  Twitter is a young company generating large losses as it competes in a highly uncertain sector of the economy.  —  And that is exactly why investors clamored for a piece of its initial public offering, which closed on Wednesday evening.
Yoree Koh / Wall Street Journal:
The Architect Behind Twitter's IPO … The architect of Twitter Inc.'s initial public offering is a 42-year-old finance whiz with a knack for finding calm amid chaos.  —  For four months, Twitter Chief Financial Officer Mike Gupta steered the social-media company through the IPO process …
Tweets: @wsj and @yoreekoh
Douglas MacMillan / Digits:
Square Exploring 2014 IPO With Banks  —  Technology entrepreneur Jack Dorsey is trying to pull off two high-profile initial public offerings in the span of one year.  —  Square Inc., the payments startup with a square credit-card reader that plugs into Apple and Android-based mobile devices …
Ellis Hamburger / The Verge:
Minting Cash: how Square designed a product with no design at all  —  Is the best interface no interface?  —  Robert Andersen was feeling flustered.  Square founder Jack Dorsey had asked him to design a product that was so simple, it wouldn't even have an interface.  “Square Cash” would let people send money over email.
Frederic Lardinois / TechCrunch:
Microsoft Updates Office 365, Brings Real-Time Collaboration To Free Office Web Apps, Adds Yammer To All Enterprise Versions  —  It's been six months since Microsoft launched Office 365, its subscription-based version of Office for businesses and consumers.  Over 2 million consumers now subscribe …
Matthew Panzarino / TechCrunch:
Google Says Its Mystery Barges May Be Used As Interactive Space Where People Can Learn About Its Technology  —  Google has issued a statement (finally?) about its months-long mystery barge project.  The barges, which are anchored in both Portland, Maine and San Francisco …
Brian Heater / Engadget:
Amazon Kindle HDX 8.9 review: a high-end tablet at a mid-range price  —  It's worth noting just how far Amazon has come since the early days of the Fire line.  With the first generation, it was tough to see the tablet as anything more than a content-delivery device designed to keep users locked into the Kindle ecosystem.
DISH Network:
Blockbuster to End Domestic Retail, DVD By Mail Services  —  ENGLEWOOD, Colo.—(BUSINESS WIRE)—DISH Network Corporation (NASDAQ: DISH) today announced that its subsidiary, Blockbuster L.L.C., will end its retail and by mail DVD distribution operations by early-January 2014.
Aaron Souppouris / The Verge:
Samsung admits its software needs improving, commits half of R&D workforce  —  Samsung is just like the Red Sox  —  Samsung today admitted it needs to work on software, an area it's “not as good” at as hardware.  Samsung Vice Chairman & CEO Kwon Oh-hyun compares the company's software efforts …
Jay Yarow / Business Insider:
Microsoft Is Making An Astonishing $2 Billion Per Year From Android Patent Royalties  —  Microsoft is generating $2 billion per year in revenue from Android patent royalties, says Nomura analyst Rick Sherlund in a new note on the company.  —  He estimates that the Android revenue has a 95% margin, so it's pretty much all profit.
James Kanter / NYT Bits:
Details Emerge of Potential Google Monitor in Europe  —  Wanted: A Google watchdog in Europe.  —  A 96-page description of the potential job emerged on Wednesday, giving a window into what Google faces if it signs the latest settlement offer from the European Commission and ends the long-running antitrust case against the company.
Frederic Lardinois / TechCrunch:
YouTube Starts Rolling Out Its New Commenting System Based On Google+  —  In September, YouTube announced that it would soon roll out a new commenting system powered by Google+.  After testing it on channel discussion tabs for a few weeks, it's now starting to roll it out to all videos on the site.

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From Mediagazer

Deadline:
Disney initiates a third round of layoffs under Josh D'Amaro, sources say impacting a couple hundred staff, largely in HR and tech, smaller than prior rounds

John Koblin / New York Times:
Paramount streaming chief Cindy Holland is leaving the company; she joined Skydance as an adviser and became Paramount's direct-to-consumer chief last year

Wall Street Journal:
Sources: the Trump administration used DHS funds to finance pro-Trump ads, including one that is almost identical to a 2024 Trump campaign ad, calling them PSAs

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