Zillow Acquires Trulia For $3.5B

Zillow Acquires Trulia For $3.5B

10347635_10152539643863594_2683369021024187455_n

Real-estate giants Zillow and Trulia have inked a merger agreement, under the terms of which Zillow is acquiring Trulia in  a $3.5 billion stock-for-stock transaction. The transaction is expected to close in 2015.

At closing, Trulia CEO Pete Flint will remain as CEO of Trulia reporting to Zillow CEO, Spencer Rascoff, and will join the board of directors of the combined company. In addition, at…

View On WordPress

Chris Beard Named Mozilla CEO

Chris Beard Named Mozilla CEO

Chris-Beard-Mozilla

Chris Beard has been appointed CEO of Mozilla. Mr. Beard was serving as interim CEO of the non-profit organization, following the departure of Brendan Eich, after a controversy over political donations in April this year.

Prior to re-joining Mozilla in April, Mr. Beard was chief marketing officer of Mozilla from 2010 to 2013. He was executive-in-residence with Greylock Partners previously.…

View On WordPress

Facebook Reports Second Quarter 2014 Results

Facebook Reports Second Quarter 2014 Results

facebook

Facebook reported financial results for the quarter ended June 30, 2014.

Mark Zuckerberg (Founder and CEO, Facebook): We had a good second quarter. Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world.

Revenue for the second quarter of 2014 totaled $2.91 billion, an increase of 61%, compared with $1.81 billion in the second quarter of…

View On WordPress

Pandora Hires Lars Murray As VP Of Industry Relations

Pandora Hires Lars Murray As VP Of Industry Relations

Pandora

Internet radio service Pandora has hired Lars Murray as vice president of Industry Relations. Mr. Murray will lead the company’s strategic collaboration with a broad coalition of music industry stakeholders. He will report directly to chief strategy officer Sara Clemens.

Mr. Murray comes to Pandora with more than twenty years of experience in the music industry, most recently as Vice President…

View On WordPress

Microsoft Reports 2014 Fourth Quarter Results

Microsoft Reports 2014 Fourth Quarter Results

Microsoft

Microsoft reported revenues of $23.38 billion for the quarter ended June 30, 2014. Gross margin, operating income, and diluted earnings per share for the quarter were $15.79 billion, $6.48 billion, and 55 cents per share, respectively.

Satya Nadella (Chief executive officer, Microsoft): I’m proud that our aggressive move to the cloud is paying off – our commercial cloud revenue doubled again…

View On WordPress

Jabra Introduces Subscription-Based Pricing

Jabra

Jabra has launched a vendor services group (VSG) program for enterprise customers. The VSG program offers a monthly subscription-based payment model, which handles logistics, support, and financing for the duration of the subscription agreement. All components of the deployment are covered under the subscription agreement. At the end of the subscription term, customers can upgrade to newer…

View On WordPress

Apple Reports 2014 Third Quarter Results

Apple Reports 2014 Third Quarter Results

Apple

Apple reported financial results for its fiscal 2014 third quarter ended June 28, 2014. The company posted quarterly revenues of $37.4 billion and quarterly net profit of $7.7 billion, or $1.28 per diluted share. These results compare to revenue of $35.3 billion and net profit of $6.9 billion, or $1.07 per diluted share, in the year-ago quarter. Gross margin was 39.4 percent compared to 36.9…

View On WordPress