Ron Conway, considered the “Godfather of Silicon Valley,” said his venture capital firm, SV Angel, will not be raising a new fund. In a Medium post co-authored by the firm’s general partners, Conway said it will “scale back the existing SV Angel team” and shift focus to angel investing. He expects to cut checks between $25,000 and […]
Shares of VMware and relative newcomers Yext and Zuora, all rose in late trading after quarterly results beat expectations, and they offered decent forecasts. Workday declined, perhaps as its outlook for subscription revenue failed to offer much upside to Wall Street expectations.
At Facebook’s annual meeting, Mark Zuckerberg stuck to his talking points — and ignored some of shareholders’ biggest concerns (FB)
At Facebook’s annual meeting, company officials faced criticism from investors and a slew of shareholder proposals urging reforms. Addressing concerns about the abuse of Facebook’s service, CEO Mark Zuckerberg and his team repeated talking points they’ve previously made to the press or in Congress. Zuckerberg and company ignored pointed concerns about the company’s governance, a […]
The highly controversial notch at the top of the iPhone X that set the device apart is now showing up in devices from Xiaomi and others, complete with what they say is facial recognition, a feature where Apple had also been unique.
A former Amazon Alexa executive says the death of all websites is coming, and it could happen sooner than you think (LPSN, AMZN, APPL, GOOGL)
Forget websites. The future of e-commerce is in messaging and voice assistants, according to Alex Spinelli, a former exec at Amazon and the current chief technology officer at LivePerson. Spinelli thinks websites will go away completely in the next five years, and that most apps will disappear with them. His thesis: conversation is a much […]
Nearly 50% of teens in the US say they’re now online ‘almost constantly,’ according to new research (GOOG, AAPL)
A new study from Pew Research Center found that one out of two teens reports being online “almost constantly.” The study found that another 44% say they go online multiple times each day. The time teens spend online has gone up significantly since Pew’s 2014-2015 study. Back then, only 24% of teens reported being online […]
Protesters in San Francisco dumped a huge pile of scooters in the street and blocked 11 tech buses — and then things got tense
Anti-tech demonstrators in San Francisco blocked tech buses with piles of e-scooters. Protesters told Business Insider that they were protesting tech companies using city streets to “experiment” and city official’s increasing use of sweeps to force homeless people off the streets. In total, an full intersection, 11 buses, and several cars were blocked for about […]
The market’s most feared short-seller is bullish on Snap and says it could be bought within the next year (SNAP)
One of the market’s most notorious short-sellers, Citron Research’s Andrew Left, is bullish on Snap. He has a price target of $17. Left says the company could be bought within the next 12 months. Snap shares have been battered this year, down 22%. Watch Snap trade in real time here. The provocative short-seller, and founder […]
Ciena shares are down 4% as its profit-per-share in its quarterly results, reported Thursday morning, missed analyst’s expectations. But the shortfall is a result of the fact that several new customer contracts come with lower profits up front. That’s just fine, CEO Gary Smith tells Barron’s, as it sets up the company for more-profitable follow-on […]
Melinda Gates has sharp words for the VC industry: Enough with your love for ‘the white guy in a hoodie’
Melinda Gates has a plan to fix the endless not-enough-women-in-tech problem. She’s become a power-player investor but not in the classic style. She’s using her money to put pressure on the whole VC industry in two significant ways. And she has some harsh criticisms for status-quo VCs, kicking at their love for “white guys in […]