EMC And VMware Spin Out Virtustream As Jointly Owned Company

 In a surprise move today at its earnings call, VMware announced that together with EMC, it was forming a jointly-owned company under the name of Virtustream, which is the company EMC bought last spring for $1.2 billion. The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for… Continue reading EMC And VMware Spin Out Virtustream As Jointly Owned Company

Yahoo reports weak $1.23B revenue for Q3 as Alibaba spin-off nears

Yahoo reported third-quarter earnings of $0.15 per share on revenue of $1.23 billion. Analysts expected $1.26 billion in quarterly revenue and earnings of $0.17. Though Yahoo missed expectations across the board, its mobile, video, native, social (MaVeNS) business picked up steam this quarter generating $422 million for the quarter, a year-over-year growth of 43 percent. Last… Continue reading Yahoo reports weak $1.23B revenue for Q3 as Alibaba spin-off nears

Google Photos passes 100M monthly active users

Google today announced that its standalone Google Photos photo storage app now has more than 100 million monthly active users. Google Photos launched in May with free unlimited storage as a key perk. Users have made more than 15 million animations and collages with Google Photos, according to a Google blog post. And the service… Continue reading Google Photos passes 100M monthly active users

U.S. is very late to securities crowdfunding. Can we catch up to the rest of the world?

GUEST: Three and a half years ago I was sitting in the Rose Garden at the White House as President Obama signed the JOBS Act into law.  He called the work we did on modernizing the securities laws (which we thought would go into effect that year based on Congress’ 270-day mandate) “game changing.” For the… Continue reading U.S. is very late to securities crowdfunding. Can we catch up to the rest of the world?

Microsoft starts a bug bounty for open-source .NET Core and ASP.NET

Microsoft today announced the beginning of a new bug bounty to pay researchers to find security holes in some of the tech giant’s recently open-sourced web development tools. The new program specifically applies to Microsoft’s .NET Core foundational libraries known as CoreFX and the ASP.NET server-side Web app development framework. In a surprising move, Microsoft… Continue reading Microsoft starts a bug bounty for open-source .NET Core and ASP.NET