Rackspace, which is still best known as a hosting company even as it has expanded aggressively into offering services for businesses that use other platforms, went public in 2008. Now, however, it’s going private again after accepting a $4.3 billion offer (or $32 per share) in cash from private equity firm Apollo Global Management. The deal is still subject to regulatory approval and… Read More
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Sequoia-backed kids educational startup Duck Duck Moose is heading to Khan Academy, to add preschool learning to the non-profit’s digital education offerings. The startup’s 21 mobile apps aimed at children ages two and up are now available for free as a part of the move, which is not technically being considered an “acquisition,” due to the way the deal was… Read More
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This year’s Paris motor show will host the unveiling of Volkswagen’s first all-electric car, according to an interview with company chairman Herbert Diess in German magazine WirstschaftWoche. The car will be roughly Golf-sized, according to the chairman, but will feel as roomy as a Passat on the inside, thanks to space saved via lighter frame construction and use of the electric… Read More
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Danish startup Spiri believes urban transportation is still massively inefficient, and it’s setting out to tackle the problem from a few different directions. First, it’s building an on-demand carpooling service, similar to the UberPOOL offering (and the one Lyft just shut down). Second, it’s going to use its own custom electric vehicles to do so. Finally, it’s using… Read More
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Dropbox is requiring users who have not changed their passwords since mid-2012 to reset their passwords this afternoon.
The action appears to be related to continued fallout over the massive hack on LinkedIn in 2012 where credentials for 117 million accounts were posted online. In recent months, treasure troves of user credentials and passwords — in addition to a large MySpace hack… Read More
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WeVideo has rebuilt its browser-based video editor using HTML5 instead of Flash. For many of you, the whole debate about HTML5 versus Flash may seem like a weird flashback to 2010. But Flash is taking a while to die completely — Google Chrome, for example, continues to phase out Flash gradually. CEO Krishna Menon said that in the case of WeVideo’s new editor (which launched… Read More
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Whether you’re clumsily attempting to find where your Uber is parked or trying to find your friend at a crowded venue, it’s clear that GPS has some major limitations that need to be fixed. Navisens wants to gather reliable mapping data from users’ smartphones without even touching GPS, instead relying on sensors like the gyroscope and accelerometer to track the… Read More
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After a failed attempt to go social with Ping in 2010, Apple may have a renewed sense of excitement over the social space, according to a report from Bloomberg. Sources told Bloomberg that Apple is working on a video recording/editing app that would be similar in functionality to Snapchat, though there’s no mention of disappearing or self-destructing content in the report. Instead, the… Read More
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Truecaller has landed a partnership with Huawei which will see its caller ID and smart phone book app pre-loaded on the fast-growing Chinese company’s overseas smartphones. 
You know you screwed up if Apple is about to one-up you on social. Facebook hasn’t upgraded its video editor in well over three years. Lagging far behind Snapchat, YouTube and even Instagram, it’s a stretch to even call the featureless artifact a video editor.