Following the bell, Fitbit announced its third-quarter financial performance, including revenue of $409.3 million, and earnings per share using normal accounting methods of $0.19. The company’s adjusted profit totaled $0.24 per share.
The results are notably strong. Investors had expected the company to report a far-slimmer $0.10 adjusted per-share profit off of revenue of just $350.97. Read More
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Today, Google shared their self-driving car project monthly report. Good news, there were no accidents. There were however, some interesting learnings that the team shared about how they’re training their software. Apparently, Halloween was a big help: Halloween’s a great time to get some extra learning done. This week, lots of little ghouls, superheroes and even robots were… Read More
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Without prompt action from lawmakers and regulators, much of what fuels a critical segment of the U.S. economy — especially tech-savvy California — is at risk. U.S. wireless networks and the companies that rely on world-class connectivity could experience stagnation or decline due to a shortage of spectrum. Estimates suggest that agencies hold as much as 70 percent of the spectrum… Read More
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Developers have been digging into the Apple TV App Store data in the absence of category listings and a Top Charts section on Apple’s newly launched version of its media player device, which now, for the first time ever, has opened up to third-party applications. Apple had “hundreds” of applications live at the time of the TV App Store’s launch, though apparently not… Read More
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ClearSky Data has come up with an interesting approach to solve the data storage cost and speed problem. Today it was rewarded with a $27 million Series B round to continue the mission. The company came out of stealth in August with a plan to offer customers a multi-tier, fully managed, hybrid data-management solution. In practice this involves an appliance that’s installed in your… Read More
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Allocating startup capital is hard — but more importantly, it’s key to successfully raising your next round. Which tools are founders using to build a strategic financial plan? With cash in the bank, a founder’s job is to time growth, metrics and money to validate a thesis and raise another round. How strategic is this budgeting process in practice, and what are founders… Read More
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Alphabet, which backs diversity in all facets of technology, is helping to shed light on a specific project…a film called “CODEGIRL“. It comes via filmmaker Lesley Chilcott, who you might be familiar with from her work on “An Inconvenient Truth” and “Waiting for Superman.” Countdown 2 @codegirlmovie! 12noon PT launch today on @YouTube.… Read More
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Porch, one of the many companies positioning themselves to be the go-to place for “home services,” has laid off 90 members of its staff according to Geekwire. We’ve reached out to Porch for a statement (See the update below). The company has raised $98.85M to date in 3 rounds. Their competitors include Amazon, Angie’s List, Pro.com and HomeAdvisor, just to name a few.… Read More
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The winner of a recent TC Radio Pitch-Off contest, Stitch is a social network designed for those over 50 years old. Headquartered in Australia, the site is designed to help members find friends, romantic companionship, or just new activities to try. Marcie Rogo, cofounder of Stitch, explained that “many older adults have lots of things they want to do, but nobody to do them with.… Read More
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Ev Williams’ venture firm invests in a solar energy asset management, procurement and installation software developer.