Cloud storage powerhouse Dropbox revealed on Monday that half of the popular rock band U2, Bono and The Edge, are investors in the company. Dropbox closed a jaw-dropping US$250m round in October 2011, so it appears Bono and The Edge were part of that round that also included names like Index Ventures, Sequoia Capital
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Take a moment to digest this news: Ashton Kutcher, he of That ’70s Show,Dude Where’s My Car?, and now Two and a Half Men fame, is reportedly attached to play the late Apple co-founder Steve Jobs in an upcoming biopic. The indie film will simply be titled Jobs, according to Variety’s Jeff Sneider. Shortly after
Linux, the free operating system that brought professional-grade computing to the lowly PC, has come a long way since doing something as simple as switching off meant performing secret handshakes or offering arcane prayers to the computer gods such as computername ~ # shutdown -h now. Today, practically all Linux distributions
Is it possible to run an ethical supply chain? After the publication on 29 March 2012 of the first independent audit of the factories Apple uses in China, the iconic consumer electronics giant has definitely become the test case for whether multinationals can put an end to labour abuses. According to the long-awaited report, which is considered one
Groupon was forced to restate fourth quarter earnings, sending its stock down 6% in after-hours trading on Friday. This surprised me as much as my US$2 investment in the Mega Millions jackpot not paying off. The reasons for Groupon’s restatement were higher refund reserves and weakness in internal controls. These are issues I’ve repeatedly
Taiwan is home to a constellation of companies most people have never have heard of, making electronic gadgets and components for others with household names. The runaway success of one of these names, Apple, has made one of those Taiwanese suppliers, Hon Hai Precision Industry, the assembler of every iPad and most iPhones, less unfamiliar
On his first-ever earnings conference call, newly christened Research in MotionCEO Thorsten Heins seemed to come to terms with the bad hand he’s been dealt and admitted that the company was in need of “substantial change”. Change is indeed in order. RIM reported poor quarterly results on Thursday, with lower-than-expected revenues. And, in a shock, former co-CEO
BlackBerry-maker Research in Motion (RIM) has reported its fourth quarter 2012 results and, as expected, the earnings came in below expectations, writes Sean Ludwig. The company reported revenues of US$4,2bn, way below expectations, and earnings per share ended up at 81c, right on the money with projections. RIM sold 11,1m
For someone who’s lived through one technology bubble, it’s hard not to see signs of another one every time the market starts edging upward. Besides, no one wants to be the rube who’s the last one to realise the party’s over and the cool kids have already left. That’s why so many people are quick to jump to the conclusion that we’re in a
Facebook‘s counsel asked courts to dismiss a case against founder Mark Zuckerberg on Monday, involving plaintiff Paul Ceglia, who claims…