• Square is acquiring website builder Weebly for $365M
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    Square just announced that it’s reached an agreement to acquire Weebly for $365 million in cash and stock. While Square is best known for its payment software and hardware, it’s also been expanding into other areas, for example with the acquisition of food delivery service Caviar and corporate catering... Read more »
  • Amazon up 7% following earnings beat
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    Amazon reported first-quarter earnings after the bell on Thursday, sending shares up 7% in after-hours trading after its significantly better-than-expected report. The company reported earnings per share of $3.27, well above the $1.26 that analysts had been expecting. This worked out to $1.6 billion in net income, up from $724... Read more »
  • MoviePass CEO says he doesn’t know if the one-movie-per-day subscription will ever return
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    MoviePass is known for a pricing model that sounds too good to be true — in exchange for paying $9.95 per month, subscribers get up to one movie ticket per day. At least, they used to: If you try to sign up now, that isn’t quite what you’re offered. Instead, there’s... Read more »
  • What we learned from Facebook’s latest data misuse grilling
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    Facebook’s CTO Mike Schroepfer has just undergone almost five hours of often forensic and frequently awkward questions from members of a UK parliament committee that’s investigating online disinformation, and whose members have been further fired up by misinformation they claim Facebook gave it. The veteran senior exec, who’s clocked up a... Read more »
  • Ceridian up 42% following payroll software IPO
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    Stock market investors greeted payroll software company Ceridian with enthusiasm on its debut Thursday. After pricing above its expected range at $22 per share, the stock shot up 42 percent, closing above $31 by day’s end. Ceridian helps clients ranging from BlackRock to Trader Joe’s keep tabs on personnel, including... Read more »
  • The alternative to the four-hour workweek mindset
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    Often when I attend a conference or a networking event I am surprised by how many people operate at the periphery of the tech industry. Social media gurus, SEO “ninjas,” bloggers, etc. It’s a coterie of tech “club promoters.” The hype men of the industry. “Hack your way to success.” “Meet... Read more »
  • DeepCode cleans your code with the power of AI
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    Zurich-based DeepCode claims that their system — essentially a tool for analyzing and improving code — is like Grammarly for programmers. The system, which uses a corpus of 250,000 rules, reads your public and private GitHub repositories and tells you how to fix problems, remain compatible and generally improve your... Read more »
  • Google endorses Clean Power Plan ahead of expected repeal
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    Google has joined Apple in a growing chorus of tech giants coming out in support of the Clean Power Plan. The company filed a statement with the Environmental Protection Agency, which it has since shared with TechCrunch, supporting the Obama-era legislation. The legislation, which sought to curb power plant emissions... Read more »
  • The 5G wireless revolution will come, if your city council doesn’t block it first
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    The excitement around 5G is palpable at the Brooklyn 5G Summit this week, and for good reason. Once the province of academic engineers, there is increasingly a consensus emerging among technology leaders that millimeter-wave technology is ready for prime time. Yet there remain large barriers to a successful rollout, particularly at... Read more »
  • Teradyne snatches up robot maker MiR in $272M deal
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    Teradyne, a prosaic-sounding but flush company that provides automated testing equipment for industrial applications, has acquired the Danish robotics company MiR for an eye-popping $148 million, with $124 million on the table after meeting performance goals. MiR, which despite the lowercase “i” stands for Mobile Industrial Robots, does what you might... Read more »