Duncan Riley
Latest from Duncan Riley
A new report set to be released by PricewaterhouseCoopers LLP (PwC) is said to show that the second great tech bubble may be in full swing, with venture capital in the first quarter of 2015 hitting its highest level since 2000. According to …
Mt. Gox Bitcoins were stolen starting in 2011, nearly all gone by mid-2013
The so-called hacking of Japanese Bitcoin exchange Mt. Gox Inc. in 2014 has been thrown into doubt again over the weekend with a new report finding that the coins were stolen over a period well before the alleged hacking of the site. …
Microsoft loses desktop search ad exclusivity with new Yahoo search partnership
Yahoo Inc. and Microsoft Corp have agreed to a new search partnership deal that will see Yahoo being able to display and sell its own ads on desktop search results, but only 49 percent of them. Under the previous deal signed back in 2009 …
Slack Series E round of $160m confirmed as CEO defends Unicorn status
Enterprise messaging platform provider Slack Technologies Inc.’s Chief Executive Officer has taken to defending the firms valuation after a rumor of a Series E round in March was confirmed. The Series E round was confirmed at $160 million although the valuation is …
Bubble time: Etsy closes first day of trading up 86% with a $3.5b+ valuation
Etsy Inc. successfully floated on the NASDAQ Thursday with an opening price of $31 a share, a 91 percent premium on its listing price of $16 a share. Trade was heavy given the company only released 16,666,666 shares in the float, with …
Etsy IPO seeks to raise $267 million on a $1.8 billion valuation
Online goods marketplace Etsy Inc. released more details on its upcoming initial public offering (IPO) Wednesday, including the cost per share, how many shares will be available, and an open valuation for its public debut. According to a release from the company, …
Finally: Meerkat announces public beta testing for Android app
Live streaming app Meerkat is finally coming to Android after the company announced Wednesday that it announced a public beta testing program. Meerkat launched on iOS in March and quickly became the most popular live streaming application in the emergent mobile live …
Nom nom nom: Nokia snaps up Alcatel Lucent for $16.6 billion
Nokia Oyj has acquired French telecommunications equipment company Alcatel-Lucent SA for $16.6 billion. The acquisition is an all share deal with Nokia offering 0.55 of a new Nokia share for every Alcatel-Lucent share. Alcatel-Lucent shareholders will end up owning 33.5 percent of the …
Chinese company launches “Le Smartphone,” with a marketing campaign comparing Apple to Nazism
Chinese video sharing site LeTV has entered the smartphone market and has launched “Le Smartphone,” a decent phone that is being marketed by comparing Apple to Nazism. The marketing for the phone includes a cartoon showing Hitler doing a Nazi salute while …
Shopify files for IPO, hoping to raise $100 million on a $713 million valuation
Online storefront provider Shopify Inc. has filed for its initial public offering (IPO,) with the company hoping to raise $100 million. According to reports, Shopify will be listed on the New York Stock Exchange under the ticker symbol “SHOP” and on the Toronto …