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27Apr/16Off

NASA makes it rain with $243M in contracts to institutions and small businesses

sbir_selections_apr_27_2016 NASA is spreading the dough around like a pastry chef. Today the agency announced $50 million in grants to nearly 300 different recipients, from small engineering firms to big-time research institutions. And then it truly shelled out, awarding a $193 million contract to Universities Space Research Association in Maryland. Read More

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27Apr/16Off

Facebook expects VR will have no material impact on 2016 revenue

oculus-facebook If you think Facebook will get rich on Oculus, you better be patient. Mark Zuckerberg said on the Q1 2016 earnings call he sees VR as a long, long-term bet rather than a way to make a quick buck on 3D games. “This is early and it’s going to take a long time. There’s a lot of hype around this.” He explained that while VR, like AI and Internet connectivity are… Read More

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27Apr/16Off

Users average 50 minutes per day on Facebook, Messenger and Instagram

Facebook Addiction Facebook’s “family of apps” strategy is a wild success. While some might have expected it to roll Instagram into Facebook and leave chat in its main app, keeping Instagram independent and splitting off Messenger into a companion app has helped it solidify itself as more than just a ubiquitous utility, but as a downright addiction.
Today on the Q1 2016 earnings call, Mark… Read More

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27Apr/16Off

A Silicon Valley VC says investors from China are joining Series A deals, and they’re playing “hardball”

street scene of shanghai financial center,China As a venture investor for the last 20 years, George Zachary has witnessed plenty of trends develop and fizzle. Yesterday, we talked with him about what he’s seeing right now. One of the newest wrinkles he noted is a growing number of Chinese investors who’ve grown aggressive about getting into Series A deals, and who seem to be playing by their own rules. Our chat with… Read More

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27Apr/16Off

PayPal beats the street on Q1 sales of $2.54B and EPS of $0.37

paypal-earnings Payments giant PayPal posted strong Q1 earnings today, counter balancing some of the weaker showings from other tech stocks yesterday and outstripping the overall growth rate of e-commerce, in its own words. Following in the footsteps of its former parent, which also posted strong results for Q1, PayPal posted revenues of $2.544 billion with non-GAAP earnings per share of $0.37, rising 19%… Read More

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27Apr/16Off

DeWalt — yes, the drill maker — gets into the mobile business with rugged MD501 smartphone

feature_dewalt DeWalt, a name familiar to anyone who loves power tools (and who doesn’t?), is jumping into the mobile market with the rugged MD501. It’s waterproof, has a good variety of high-end features, and looks like you could use it to pound nails. Read More

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27Apr/16Off

Facebook is adding a new class of stock that will help keep Zuckerberg in control

mark zuckerberg f8 Facebook today, as part of its earnings release, said it would add a new class of non-voting stock for the company, which will keep Mark Zuckerberg in control of the company. “This proposal is designed to create a capital structure that will, among other things, allow us to remain focused on Mr. Zuckerberg’s long-term vision for our company and encourage Mr. Zuckerberg to remain in… Read More

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27Apr/16Off

Facebook swells to 1.65B users and beats Q1 estimates with $5.38B revenue

Facebook MAU Facebook continued its winning streak as other tech companies floundered, reaching 1.65 billion monthly users and surpassing estimates in its Q1 2016 earnings report with $5.38 billion in revenue and $0.77 earnings per share. Facebook’s share price climbed more than 8 percent in the moments after earnings were announced, reaching more than $117 in after-hours trading. Revenue was up… Read More

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27Apr/16Off

The state of election technology is… improving

electionad With the U.S. knee deep in what has been an unusual presidential primary season, many eligible voters are highly engaged in the process. But the number of Americans heading to the polls each election has been declining for the last 50 years, which helps explain a push by election officials to deploy technology that simplifies the process of, and increases participation in, elections. Read More

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27Apr/16Off

House unanimously passes Email Privacy Act, requiring warrants for obtaining emails

house of representatives us capitol The U.S. House of Representatives has passed H.R. 699, the Email Privacy Act, sending it on to the Senate and from there, hopefully anyhow, to the President. The yeas were swift and unanimous. Read More

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