Techmeme

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Kurt Wagner / Bloomberg:
Facebook confirms it is testing a feature for users to connect with their neighbors, as rival Nextdoor considers options for going public   —  - Product for local connections is being tested in Canada now  — Nextdoor is considering options, including a public offering
Oct 21, 2020, 7:20 AMIn context
Bloomberg:
Asana files to go public via direct listing on the NYSE; source says Asana has recently been trading on the secondary market at a value of about $5B   —  Asana Inc., a corporate software maker started by a Facebook Inc. co-founder, filed to go public via a direct listing …
Aug 24, 2020, 6:50 PMIn context
Lauren Feiner / CNBC:
Apple, Amazon, Facebook, and Microsoft all hit record highs as the Nasdaq Composite broke 10,000 for the first time, alongside several explosive IPOs   —  - Facebook, Apple, Amazon and Microsoft all hit new all-time highs Tuesday after the Nasdaq Composite Index hit a new record.
Jun 9, 2020, 8:00 PMIn context
Bloomberg:
Sources: Asana raised about $200M by issuing convertible debt, with Dustin Moskovitz as main lender, ahead of its planned IPO via a direct listing in H2 2020   —  - Dustin Moskovitz co-founded Facebook before he started Asana  — Asana is aiming to do a direct listing as early as the fall
Jun 5, 2020, 4:00 PMIn context
Ari Levy / CNBC:
Pinterest reports Q3 revenue of $280M, up 47% YoY, net loss of $125M, up from $19M in Q3 2018, global MAUs up 28% YoY to 322M; stock opens down ~22%   —  - Following Google's reported advertising growth of 17% and Facebook's growth of 28%, Pinterest showed on Thursday that it's picking up market share against its much larger rivals.
Oct 31, 2019, 4:26 PMIn context
Bloomberg:
Uber's CEO, in email to staff Monday, acknowledged the rocky trading debut, noting Facebook and Amazon's initial post-IPO difficulties; stock ends day down 10%+   —  Uber CEO Dara Khosrowshahi, in an email to staff Monday, acknowledged Uber's rocky trading debut, while at the same time saying …
May 13, 2019, 2:05 PMIn context
Mark Zuckerberg:
On Facebook's 15th anniversary, Zuckerberg says it will spend more on safety and security in 2019 than it had revenue at its IPO, pans critics' “negative” focus   —  Fifteen years ago today, I launched the first version of the Facebook website from my college dorm.
Feb 4, 2019, 2:13 PMIn context
Josh Constine / TechCrunch:
Following 2012 IPO, Facebook considered, but rejected, charging developers $250K/year for API access and offering Tinder extended access to users' friends' data   —  Following a flopped IPO in 2012, Facebook desperately brainstormed new ways to earn money.  An employee of unknown rank sent …
Nov 28, 2018, 10:05 PMIn context
Alex Konrad / Forbes:
Qualtrics had 2017 revenue of $289.9M; with the $8B acquisition, Accel and IVP's stakes are each worth $1B+, and the Smith family's stake is ~$2.6B after taxes   —  Utah-founded cloud unicorn Qualtrics was set to have one of tech's most hotly-anticipated initial public offerings this week.
Nov 11, 2018, 7:55 PMIn context
Alex Konrad / Forbes:
Qualtrics, a startup offering tools to track customer and employee feedback, files for an IPO, reports 2017 revenues of $290M, up 52% YoY, profits of $2.6M   —  One of Utah and cloud computing's most promising unicorns is looking to graduate out of the herd.
Oct 19, 2018, 3:45 PMIn context

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