Sitanshu Gandhi

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This Guy Almost Became CEO Of Apple, Google, And Yahoo — Here's What It Feels Like To Miss Out On Big Opportunities

Before Costello was the CEO of Enlighted, a connected lighting network startup that's raised $55 million so far, he was a much bigger figure in tech.<p>He was the CEO of Cadence Design Systems, a design and engineering software company, for nearly a decade in the '90s, until 1997. Cadence currently …

Media Industry

Can This Crowdsourcing Platform Predict Facebook's Next Acquisition?

Facebook’s $2 billion purchase of Oculus VR, maker of the virtual reality headset Oculus Rift, came as a complete surprise to many in the tech world yesterday. Minor stockholders, who probably weren’t thrilled by the after-hours drop in Facebook’s share price, can’t control the company’s …

Look Who Sequoia Bankrolls: These 13 Tech Titans Stand Out

Over the years, Sequoia Capital has bankrolled a long list of legendary Silicon Valley companies, starting with Apple, Cisco Systems and Yahoo — and going on to include disruptive new players such as WhatsApp, Airbnb and Dropbox. Most of the time, Sequoia’s list of top investments is just that: a …

Oculus Buy Is A Huge Win For Facebook

A few weeks ago, Facebook bought mobile messenger WhatsApp for a staggering $19 billion. Analysts batted the number back and forth, some calling it a colossal waste, some calling it a steal, but everyone generally reeling from the sheer scale of the valuation. Facebook just bought Virtual Reality …

Facebook Buys Oculus, Virtual Reality Gaming Startup, For $2 Billion

Facebook isn’t just buying into mobile messaging — it’s also going for gaming.<p>In a Tuesday afternoon shocker, Facebook announced it is buying hot virtual reality gaming company Oculus VR for $2 billion. That includes $400 million in cash and 23.1 million shares of Facebook stock. There’s also an …

Facebook's Mobile Business: Where Is It Headed?

Facebook‘s recent growth can be hinged to its success in mobile monetization. Over the past one and a half years, the company has ramped up its quarterly mobile ad revenues from nothing to over $1 billion, thanks to the adoption of its feed-based ads. While it has got the aesthetics of ads right, …

Facebook to buy virtual reality goggles maker Oculus for $2 bn

Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the …

How Facebook's Oculus Acquisition Shows Mark Zuckerberg Is The New Bill Gates

Yesterday, Facebook stunned the world by acquiring virtual reality headset maker Oculus for $2 billion in cash and stock.<p>And I think this shows that Mark Zuckerberg really is the new Bill Gates.<p>Now, that comparison is often made, but it often focuses on the superficial: the über-nerd coder Harvard …

5 Key Reasons WhatsApp Is Worth $19 Billion -- To Facebook

Is WhatsApp worth $19bn? By financial metrics, of course not. The company employs 52 people at last count and would need to increase its circa $50m annual revenue more than hundred times, something its business model is clearly unequipped to do.<p>And yet, for Facebook, the outlay is worth it for …

Can Google Glass Impact Your Business? Seven Questions To Ask

I can’t decide which change faster—advanced technologies or opinions about their value. Take Google Glass. Less than a year ago, it was the darling of the <b>cognoscenti</b>. Today, the <b>knives are out</b>. And this is all about a product that won’t even be released until l later this year. That said, it’s …

Ten Years After Facebook, Divya Narendra Continues To Innovate

For those acquainted with the disputed origins of Facebook, Divya Narendra should be a familiar name. Back in 2004, Divya Narendra and the Winklevoss twins took Mark Zuckerberg to court for alleged intellectual property infringement, eventually walking away with a cash/stock settlement now …

Facebook bought WhatsApp for its global reach—except in the world’s biggest mobile market

Facebook just placed a $19 billion bet on the mobile messaging service WhatsApp, which has grown to a staggering 450 million monthly users in only a few years—many of them in fast-growing international markets like India, Brazil, and Mexico. But there’s one market where WhatsApp has failed to make …

WeChat

Elon Musk: Tesla Will Be First With Autonomous Driving; Admits To Apple Meeting

On Wednesday, Tesla Motors CEO Elon Musk reported solid earnings and the serial executive also discussed the company’s future, including a massive battery “gigafactory” and the upcoming third-generation Model X on a conference call. But perhaps the biggest news to come from Musk’s mouth came in …

Is PayPal really best as part of eBay?

SAN FRANCISCO (MarketWatch) — In a series of interviews this week, eBay Inc. Chief Executive John Donahoe came out swinging against activist investor …

Wall Street

The Rags-To-Riches Tale Of How Jan Koum Built WhatsApp Into Facebook's New $19 Billion Baby

<i>Click here for our magazine cover story on the Facebook-WhatsApp Megadeal: The Courtship, The Secret Meetings, The $19 Billion Poker Game</i><p>Jan Koum picked a meaningful spot to sign the $19 billion deal to sell his company WhatsApp to Facebook earlier today. Koum, cofounder Brian Acton and venture …

Wall Street sees sense in Facebook's $19 billion WhatsApp purchase

(Reuters) - Facebook Inc's purchase of fast-growing mobile-messaging startup WhatsApp for $19 billion stunned the markets but analysts said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.<p>Facebook shares were down 3.1 percent before the bell on …

Wall Street

Lovely Rolls Out Automated Rent-Payments

Lovely, the <b>US-only</b> app that helps you find your dream apartment, has announced it’s introducing a new automated rent-payment feature for the Web, iOS and Android.<p>Indeed<i>,</i> the <i>Pay with Lovely</i> feature should go some way towards separating it from the pack, given you can now search, apply AND pay …

Mark Zuckerberg's full statement on Facebook buying WhatsApp

Zuckerberg explains how purchase of WhatsApp will help Facebook 'make the world more open and connected'<p>I'm excited to announce that we've agreed to acquire WhatsApp and that their entire team will be joining us at Facebook.<p>Our mission is to make the world more open and connected. We do this by …

Everything you need to know about Host Card Emulation

This week Visa and MasterCard announced new specifications for NFC mobile payments using host card emulation (HCE) . Until now mobile payment systems needed a special piece of hardware, normally in the SIM card, known as the secure element. It is used by the mobile payment system to perform certain …

FinTech

Here's why Facebook paid $19bn for WhatsApp

Facebook is buying WhatsApp, agreeing to pay $19 billion (£11.3 billion) in cash and stock for the popular smartphone messaging service.<p>Revealed …

Facebook turned down WhatsApp co-founder Brian Acton for job in 2009

Acton, who said 'looking forward to life's next adventure' after rejection, and partner Jan Koum now celebrating $19bn deal<p>It turned out to be an expensive mistake for Mark Zuckerberg. A $19bn (£14bn) one to be precise.<p>In the summer of 2009 Facebook turned down WhatsApp co-founder Brian Acton for a …

Hersheys to create 3D chocolate printer

Hersheys is to partner with 3D systems to create a 3D printer for creating chocolate and other edible products<p>The US chocolate manufacturer did not reveal the cost of the deal or if and when the printed products will be available to consumers.<p>Three-dimensional chocolate products are created by …