by Asmawisham | Apr 29, 2017 | Technology
Yik Yak co-founders Tyler Droll and Brooks Buffington published a farewell note to users on Friday, announcing they would shut down their once-popular anonymous social network this week. The app allowed people to connect with other users within a certain radius, and...
by Asmawisham | Apr 29, 2017 | Technology
Rubrik, a startup that provides data backup and recovery services for enterprises across both cloud and on-premises environments, has closed a $180 million round of funding that values the company at $1.3 billion. The news confirms a report we ran earlier this week...
by Asmawisham | Apr 29, 2017 | Technology
Carvana, the site for buying and selling cars, had a rough first day in the public markets. After pricing its IPO at $15 per share, it ended the day down 26% at $11.10.Bankers typically recommend a price that would cause the shares to go up about 20% or so on the...
by Asmawisham | Apr 29, 2017 | Technology
On April 13, the state of California issued a cease and desist letter to RydenGo, saying that the company had to take down its website. The letter stated that the ride-hailing startup was operating without a permit from the California Public Utilities Commission...
by Asmawisham | Apr 29, 2017 | Technology
After pricing its IPO at $15 per share, Cloudera, the enterprise big data company, closed the day up more than 20 percent, at $18.09. This also is above the range of $12 to $14 for which Cloudera was preparing.While the surging stock price is great for new investors,...
by Asmawisham | Apr 29, 2017 | Technology
Apple has offered feedback to the California Department of Motor Vehicles (DMV) concerning its proposed new rule changes regarding autonomous vehicle testing on state roads. The formal feedback provided by Apple is relatively short and to the point, contained in a...