Sarah's Feed
May 24, 2013

Google, like Facebook, in talks to buy Waze for $1 billion: report

SAN FRANCISCO (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research) is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.

Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook (FB.O: Quote, Profile, Research) is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.

May 20, 2013

Online takeout companies GrubHub and Seamless to merge

SAN FRANCISCO, May 20 (Reuters) – Two of the nation’s
biggest online food delivery businesses said they are merging in
a deal that they hope will drive more orders, in more cities,
through their platforms.

GrubHub and Seamless, which allow consumers to easily order
online from various restaurants, are part of a group of
fast-growing businesses that standardize local services under a
national umbrella. Think restaurant reservations, where
OpenTable dominates, or car services, where privately
held startups such as Uber are making significant inroads.

May 17, 2013

Tableau, Marketo software IPOs soar to the cloud

SAN FRANCISCO, May 17 (Reuters) – Strong debuts in the
initial public offerings of two business software companies on
Friday underscored a pattern in the market: While consumer
companies like Facebook Inc get the buzz, enterprise
companies are racking up most of the market gains.

IPOs Tableau Software Inc and Marketo Inc
both soared more than 50 percent in their first day of trading.

May 10, 2013

Exclusive: Elon Musk quits Zuckerberg’s immigration advocacy group

SAN FRANCISCO/WASHINGTON (Reuters) – Billionaire environmentalist Elon Musk has quit a Silicon Valley advocacy group formed by Facebook founder Mark Zuckerberg after the group funded ads for senators touting their support for an oil pipeline and oil drilling in Alaska.

Musk leads one of the world’s best known “green” companies, electric carmaker Tesla. A Tesla spokeswoman told Reuters on Friday that the South African-born entrepreneur preferred not to elaborate on his reasons for leaving FWD.us.

May 10, 2013

Elon Musk quits Zuckerberg’s immigration advocacy group

SAN FRANCISCO/WASHINGTON, May 10 (Reuters) – Billionaire
environmentalist Elon Musk has quit a Silicon Valley advocacy
group formed by Facebook (FB.O: Quote, Profile, Research) founder Mark Zuckerberg after
the group funded ads for senators touting their support for an
oil pipeline and oil drilling in Alaska.

Musk leads one of the world’s best known “green” companies,
electric carmaker Tesla (TSLA.O: Quote, Profile, Research). A Tesla spokeswoman told
Reuters on Friday that the South African-born entrepreneur
preferred not to elaborate on his reasons for leaving FWD.us.

May 6, 2013

In Silicon Valley, snarky blogs make a comeback

SAN FRANCISCO, May 6 (Reuters) – Silicon Valley is taking
itself a tad too seriously, and a few of its shriller residents
have taken note.

Recent weeks have seen the birth of a few new blogs poking
fun at America’s crucible of technology, among them
whitemenwearinggoogleglass.tumblr.com, a relaunched version of
the classic Valleywag.com, and, perhaps most discussed,
jesuschristsiliconvalley.tumblr.com

May 1, 2013

Uber investor gauges interest in major new funding round -source

April 30 (Reuters) – An investor in Uber, the fast-growing
alternative taxi service, has reached out to a venture capital
firm about a potential new funding round that could value the
company at $1 billion or more, a person familiar with the
situation told Reuters.

Uber’s chief executive, Travis Kalanick, said the company
was not currently raising money.

Apr 30, 2013

Exclusive: Ride service Uber raising cash at $1 billion valuation

SAN FRANCISCO (Reuters) – Ride-sharing service Uber is raising a new funding round at a valuation of $1 billion, according to a person familiar with the situation.

If the company succeeds, it will join an elite group of start-ups that command 10-figure valuations. The situation underscores investors’ desire to pay premiums for any company they think might become the type of outsized success story along the lines of business network LinkedIn or software company Workday.

Apr 30, 2013

Ride service Uber raising cash at $1 billion valuation

SAN FRANCISCO, April 30 (Reuters) – Ride-sharing service
Uber is raising a new funding round at a valuation of $1
billion, according to a person familiar with the situation.

If the company succeeds, it will join an elite group of
start-ups that command 10-figure valuations. The situation
underscores investors’ desire to pay premiums for any company
they think might become the type of outsized success story along
the lines of business network LinkedIn or software
company Workday.

Apr 20, 2013

Search for Boston bombers likely relied on eyes, not software

By Sarah McBride

(Reuters) – As investigators searched through videos and photos for clues that ultimately led them to the suspects in this week’s bombing at the Boston Marathon, their search likely relied more on old-fashioned police work than technology, officials who work on such investigations and related technology say.

Advances in facial-recognition technology and related fields have been significant in recent years, but the technology mostly still isn’t good enough to match blurry images or those that show a face only from an angle, say people familiar with law-enforcement dealings.