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Action camera maker GoPro is expected to raise around $100 million during its initial public offering (IPO), though investors might be initially hesitant to jump onboard. GoPro's revenue in 2013 was $985 million, an 87 percent year-over-year increase in 2012, as net income also nearly doubled from $32 million up to $61 million in 2013.
GoPro announced its plans to go public in February, after the SEC approved the paperwork during its confidential submission. Despite GoPro's popularity among athletes, the tech industry has been relatively harsh for companies trying to go public - but GoPro's ability to ramp up profitability should help reassure investors that GoPro going public can be successful.
However, revenue growth is slowing - and competition is increasing, with a number of companies offering similar high-definition sports cameras - though GoPro remains the most recognizable brand name currently available.
Groupon has rolled out a new checkout system for companies that use its groupon promotion business service. The new checkout system is based on an iPad and the company expects the new checkout system to be adopted by tens of thousands of business that offer Groupon deals.
The new checkout system lets business track cash and debit card transactions. The iPad device replaces a traditional register. Customers will redeem Groupon vouchers by telling the cashier their name. Customers who have the Groupon app on their smartphone and have Bluetooth loaded will see their discount recognized automatically when they enter the store.
Currently, Netflix has a navigation scheme that relies mostly on grids of shows that you may or may not be interested in. There are some shows that are recommended for you based on your past watching habits. Netflix Chief Product Officer Neil Hunt has talked a bit about what the company sees for the future recently.
Hunt says that the streaming video service will eventually move beyond the grids of movies and TV shows that we see currently. In the future, the service will be mostly based on recommended content for users to enjoy. Hunt said, "Our vision is, you won't see a grid and you won't see a sea of titles."
Twitter is eyeing a new move into music and podcast sharing according to reports. People familiar with dealings at twitter and SoundCloud say that twitter is considering an acquisition of SoundCloud.
SoundCloud is a free service that lets users upload audio files to share with others. The service is said to be a sort of YouTube for audio and currently has about 250 million users. At this time, there is no guarantee that the deal will move forward.
If you use your smartphone or tablet a lot when you are away from an outlet, you have undoubtedly been left without enough charge to make calls or check email at some point. In New York City, AT&T has put in solar charging stations in some parts of the city to help people get a free and green charge for their devices.
The wireless carrier has announced that it will be adding additional solar charging stations around NYC to give more users the ability to charge up a dead device or top off a battery while on the go around the city. AT&T has added 45 new solar charging stations, nearly doubling the number of solar chargers available. The first of the charges went into use in 2013.
Wireless provider Sprint has been hit with the largest FCC fine ever levied for violating the do not call list. The fine totaled $7.5 million and the FCC has given Sprint a compliance plan that will ensure violations of the do not call list don't happen again. Sprint customers on the do not call list were being called by telemarketers.
The FCC says that Sprint had continued to call and send text messages for marketing to subscribers to its network that were on the do not call list. This most recent violation comes after Sprint had agreed to stop violating the do not call list with the FCC in 2011.
When the news broke that Twitch was being acquired by YouTube - which is owned by Google - for $1 billion, it shocked most. But, did people really think that Twitch only had a single offer? No, no it did not.
YouTube is having to fight against other interested parties, which includes Microsoft. Google and Twitch have agreed on the price, and are now reportedly working on the details of the deal, such as just how independent Twitch and its brand will be once it is fully acquired by YouTube. Twitch has reportedly looked at competing bids, but chose YouTube as it felt like the company was the best suited to its massive growth over the recent years.
Twitch has the aim of being the definitive platform for watching and streaming live video gaming, where it thinks Google can provide the means to get there.
More and more mobile phone users are getting away from standard providers with contracts and going to providers like Cricket Wireless where no contract is needed. Many of these people purchase cheaper phones outright, but some still out to pay outright for a high-end smartphone or bring their own device to the network.
Cricket Wireless has announced that it has rolled out some new service plans for customers to choose form. The new plans come after the acquisition of Leap Wireless was completed. The new plans include 4G LTE data access and include unlimited talk, text, and data with rates starting at $35 monthly.
Users of Google now will be able to take advantage of a new update that enables the service to remind you when it's time to pay bills. Forgetting to send in a bill is easy to do if you are very busy and don't rely on automated payments.
The Google Now update is rolling out right now and will offer you bill payment reminders if you receive emails about your bills via Gmail. The update will identify emails with bills from the user Gmail account and those bills will show up as Google Now cards.
We mentioned not long ago that AT&T and DirecTV hoped to announce a purchase agreement as early as today. That purchase agreement has now been announced with AT&T and DirecTV entering into a definitive agreement that will see AT&T buy the satellite provider. The deal will see AT&T pay $95 per share for DirecTV.
The purchase will be funded in cash and stock and was agreed to unanimously by the boards of both companies. AT&T says that the deal will create a combined company that is a content distribution leader in the mobile, video, and broadcast platforms.