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Twitter has received $200 million more in funding from bid winner Kleiner Perkins who beat out DST - this was from a valuation of $3.7 billion.
Not only does Twitter have more coin, they've also added two new members to their board, Flipboard's Mike McCue and DoubleClick's David Rosenblatt. The latest addition in funds increases their total funding to around $360 million.
The rumblings have been going around for a couple months now, and now it looks like the Yahoo! Downsizing is official. The big time web company is laying off around 4% of their workforce, making the fourth time in three years that Yahoo! Has downsized their staff.
Around 600 people lost their jobs, but reports are showing that the severance packages were fairly lucrative. Reports of six week vacations and job placement have been reported, but that can't soften the blow of losing your job during the holidays much. Yahoo! has been losing their battle for search supremacy to Google and even Facebook.
Intel's new plant codenamed D1X in Hillsboro, Oregon has been confirmed by Intel will be ready to produce 450 millimeter wafers.
Intel is supposedly sticking with 300mm wafers for a while but will have all the necessary preparations to start 450mm production once the industry is ready for it. The 450mm shift promises to be more efficient and cut costs by allowing more chips to produced at once but it will most likely be a few years before the benefits of this are shown.
The Giving Pledge founded by Bill Gates and Warren Buffett is a great charity. Billionaires worldwide donate to it and their billions that would normally sit in their accounts looking all pretty with all of those 000's instead helps the needy.
Mark Zuckerberg together with Facebook co-founder Dustin Moskovitz are pledging half of their fortunes to The Giving Pledge. Zuckerberg previously announced on The Oprah Winfrey Show that he is giving $100 million to schools in New Jersey.
NVIDIA has lost their Quadro and Tesla manager to AMD. The story of Rob MacDonald begins with how he began with taking over NVIDIA's UK graphics sales operation in 2002 and shortly after was given control of graphic card sales into the Nordic region (Sweden, Denmark, Finland and Norway).
Rob was then promoted into Quadro sales and he has been expanding in that role ever since. Why is this news significant you ask? Professional products are the cash cow of the graphics industry...
Kogan Technologies Blog has an interesting piece on the current GST-free retail world that Myer and now Harvey Norman are wishing for. Gerry Harvey has announced he wants to follow in Myer's footsteps by offering a China-based website to sell direct to Australian Shoppers, GST free.
The blog pulls up some interesting points, but personally I do not see the point - Harvey Norman and Myer need to realise, like any retailer (with myself working in the IT retail sector as well as the super-hero posting TweakTown magician) that retail cannot continuously go up and up and up. It will fall eventually.
Well isn't that interesting! In October last year Seagate rejected a takeover bid from Western Digital. According to "two people with knowledge of the matter" Western Digital was willing to offer between 10 and 15 percent more than a competing takeover from TPG Capital which had already flashed $7.5 billion dollars under Seagate's nose.
However the sheer size of the proposal supposedly led to the refusal, not only would it have created a mammoth company, it would have also lead to huge product overlaps (internal, external HDD's, etc) and would've led to many managerial departures - on top of all of this, significant antitrust obsticles.
Well, it looks like Google's money isn't good enough for the folks at Groupon. Google reportedly offered up to 6 billion dollars for the local coupon site, but this deal wasn't sweet enough for Groupon who now reportedly pulls in around $2 billion a year in revenues.
This $2 billion figure is a lot higher than the original projections that had Groupon pulling in around $500 million a year. Groupon sees half of this amount as the other 50 percent goes to the merchant, but the full figure is counted as revenue. Three years worth of revenue obviously wasn't enough for Groupon, who is also possibly considering going public with an IPO next year.
Just two days after WikiLeaks released 251, 287 U.S. diplomatic cables to major media organizations such as The New York Times, international police organization, Interpol has placed Julian Assange on it's wanted list for "Sex Crimes" in a warrant issued by the Public Prosecution Office in Gothenburg, Sweden.
If Assange returns to Australia (his home country) he may face criminal charges. He is also under investigation in the US for espionage. The Interpol charges are relating to rape allegations made by two different women in Sweden back in August.
In the words of the great Ron Burgundy, "Boy, that escalated quickly. I mean, that really got out of hand fast!" And by getting out of hand, I mean Facebook's value, $50 billion!!
The last company valuation put them at $35 billion, at the moment there are 2.5 billion shares at around $20.76 a share.