Zillow, the real estate search website, has priced its initial public offering at $20 per share. The stock will begin trading under the single-letter ticker symbol “Z” on the Nasdaq exchange on Wednesday morning. Zillow will raise a total of about $75 million in the IPO. Read More »
Archive for July 2011
A young programmer named Aaron Swartz has been indicted by federal prosecutors for allegedly downloading more than 4 million academic documents from the MIT library last year by hacking into its computer system. But why prosecute him for a crime which appears to have no victims? Read More »
LongTail Video has launched a new freemium model for online video distribution that aims to further commoditize the white-label video platform market. With the cost of bits falling, the startup hopes to control more video distribution, which will let it cash in on more advertising. Read More »
Do-gooder developers are the new superstars of the programming world, and Uncle Sam wants in on the innovation action. I chatted with the EPA team recently to hear about what’s behind their app-contest plan. Read More »
Affectiva, a Massachusetts start-up spun out of the MIT Media Lab, has nabbed $5.7 million in Series B funding to help it pursue technology which helps recognize and measure human emotions. The company sees big opportunities in helping companies understand and gauge how people are feeling. Read More »
Submissions to the Harvard Business Review/McKinsey M-Prize for Innovation closed July 18. For two months, management practitioners, consultants and professors have been posting their work hacks and stories of experimenting with radical management practices to share with the community, gather feedback, and gain recognition. Read More »
Apple just reported the results for its fiscal third quarter 2011 that ended on June 25, 2011. It was a blow out quarter led primarily by the booming demand for iPhones, iPads and Macs. Here is a quick breakdown of numbers for the quarter. Read More »
AT&T CEO Randall Stephenson spoke Tuesday at the National Association of Regulatory Utility Commissioners summer meeting in Los Angeles, where he called DSL “obsolete.” Since AT&T still provides and profits from DSL, this is a surprising admission. Read More »
Something I thought about a lot while writing about OpenStack yesterday is how much it democratized access to cloud computing in just a year. But OpenStack is just one example of how information technology, overall, is undergoing a period of arguably unprecedented democratization. Read More »
Utilities know by now that they need to adopt steps manage electricity supply and demand if electric cars become popular. The trick is to figure out what to do. The Electric Power Research Institute released a report on Tuesday that addresses the utility concerns. Read More »
High consumer expectations for the mobile web aren’t yet being met, with 71 percent expecting sites to load on smartphones as quickly as they load on desktop computers. Dual-core smartphones and 4G networks will help, but businesses have to find ways to optimize their sites. Read More »
YouTube users fluent in Japanese can now watch videos in that language with automatically generated captions, thanks to the same speech-recognition technology that also powers voice input on Android mobile devices. This is the first step towards an international expansion for auto-captioning YouTube videos. Read More »
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