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Updated: 9 hours 21 min ago

One Call creates new executive position in restructuring effort

Fri, 08/09/2019 - 8:25am
One Call, the Jacksonville-based service provider for the workers' compensation industry, has named Will Smith as its chief commercial officer, a newly created position. Smith was formerly One Call's chief product officer and has been at One Call for more than two decades, including as chief operating officer. He will keep many of his previous responsibilities, such as overseeing product management, provider networks, specialty channels, analytics and more. His new responsibilities include responsibility…

Camber Creek on board as real estate tech startup Curbio raises millions

Thu, 08/08/2019 - 9:32pm
Potomac startup Curbio Inc., which helps homeowners renovate their houses to get a higher price at sale, has raised $7.1 million in fresh funding from several big name investors, according to a recent Securities and Exchange Commission filing. The company finances renovations and upgrades that make houses more appealing on the open market, such as bathrooms and kitchens, for homeowners in exchange for payment when the house sells. It had previously raised about $4 million with the Maryland Venture…

Groupon acquires AI communications startup Presence AI

Thu, 08/08/2019 - 8:49pm
Discount marketplace giant Groupon has acquired a San Francisco-based text and voice communication startup as it aims to improve the booking experience for customers that use its service. Chicago-based Groupon (Nasdaq: GRPN) announced Thursday that it acquired Presence AI for an undisclosed amount. Presence AI, founded in 2015, has developed an AI-powered tool that allows customers and merchants to communicate with a virtual assistant through a messaging platform. The virtual assistant is…

Zillow expanding sales leads program into Atlanta

Thu, 08/08/2019 - 8:18pm
The move comes as the company is building a one-stop shop for real estate.

Microchip Technologies to spend millions ending outsourced work from Atmel, Microsemi

Thu, 08/08/2019 - 7:56pm
Microchip CEO Steve Sanghi said the company’s June quarter financial results “were better than we expected in spite of a challenging economic environment” with the Huawei shipment restrictions and Chinese trade tensions.

Uber posts $5.2 billion loss and slowest ever growth rate

Thu, 08/08/2019 - 6:02pm
The double whammy immediately renewed questions about the prospects for the company, the world’s biggest ride-hailing business. Uber has been dogged by concerns about sluggish sales and whether it can make money, which were compounded by a disappointing initial public offering in May.

Uber said to be closing in on Dallas as site for office expansion, sources say

Thu, 08/08/2019 - 5:43pm
Sources have told the Dallas Business Journal that Uber is closing in on Dallas as the site for its office expansion. Should the San Francisco company opt for Dallas, Deep Ellum is emerging as the likely spot for the office, according to people familiar with the matter.

Phoenix fintech startup raises another $3M despite slower growth than expected

Thu, 08/08/2019 - 5:42pm
The 35-employee company with offices downtown plans to add another 25 people by the end of the year in sales and software development, well short of earlier predictions that it would have 150 people in place by the end of the year.

Demand remains high for local high-tech talent (Infographic)

Thu, 08/08/2019 - 5:34pm
Fewer tech employers thought that hiring would get 'much more difficult' this year, but even fewer of them expected it to get easier.

New Washington STEM CEO to help disadvantaged students attain jobs statewide

Thu, 08/08/2019 - 5:23pm
After 30 years in Eastern Washington, Angela Jones never thought she’d return to Seattle. But in its job posting for a CEO, Seattle-based nonprofit Washington STEM said its next leader would help communities access family-sustaining wages. Jones said after her parents pulled the family out of abject poverty, her father charged his three children to access education to make life better for the next generation. They did, Jones said, but each one accessed different education systems. “That’s…

Roku beats Q2 expectations with booming revenue and user growth

Thu, 08/08/2019 - 5:20pm
Roku Inc. is riding high after good news came out in its second-quarter earnings report on Wednesday. The Los Gatos-based streaming company reported that it now has 30.5 million active users — up 39 percent year over year — who streamed a total of 9.4 billion hours of entertainment, and $250 million in quarterly revenue, up 59 percent year over year. Roku saw a loss of only 8 cents per share, while CNBC reports that analysts had expected a loss of 22 cents per share on $224 million revenue.…

AMD targets Intel's enterprise customers in its bid for chip dominance

Thu, 08/08/2019 - 10:39am
Santa Clara-based Advanced Micro Devices announced Wednesday that it had launched its second-generation server chip and touted Google and Twitter as new customers. The release helps AMD in its competition with Intel to supply chips for Internet data centers, products that power both companies’ growth as personal computer sales slow in favor of mobile devices. AMD, led by CEO Lisa Su, said Thursday that Google uses its second-generation EPYC server chip in Google’s internal data centers, Reuters…

Amazon makes a big gift to the National Children's Museum

Thu, 08/08/2019 - 10:30am
Amazon.com Inc. (NASDAQ: AMZN) will have a hand in molding a piece of the new National Children's Museum, and, perhaps, its future workforce. The company is donating $250,000 to help build the museum's "Data Science Alley," an installation that aims to make "data literacy accessible and fun" for children. The donation, which will also support free tickets for some 200,000 low-income visitors through the Virginia Access Program, is in line with Amazon's other charitable efforts to introduce tech…

Lyft reshuffles its IPO lockup for selling shares to this date

Thu, 08/08/2019 - 10:23am
The move would allow employees and investors to sell their shares a month earlier and could potentially ring up in excess of $15 billion in sales.

US trade war with China plays role in layoffs at ChannelAdvisor

Thu, 08/08/2019 - 10:18am
The "less hospitable trade and political environment between China and the U.S." impacted the decision to reduce the company's workforce.

Roku beats expectations in its second-quarter report, with growth in revenue and users

Thu, 08/08/2019 - 10:11am
Roku Inc. is riding high after good news came out in its second-quarter earnings report on Wednesday. The Los Gatos-based streaming company reported 30.5 million active users — up 39 percent year over year — who streamed a total of 9.4 billion hours of entertainment, and $250 million in quarterly revenue, up 59 percent year over year. Roku saw a loss of only 8 cents per share, while CNBC reports that analysts had expected a loss of 22 cents per share on $224 million revenue. It ended the quarter…

Facebook circling Hudson Yards for more space

Thu, 08/08/2019 - 10:04am
Facebook Inc. is negotiating to lease anywhere between 1.5 million and 1.8 million square feet at Hudson Yards, according to a report. The social media giant was inspired to move to the Manhattan enclave by an executive at The Related Companies, the firm currently overseeing a construction project there, according to Crain's. As it stands, Facebook may occupy space at three addresses: 50 Hudson Yards, a 1,000-foot spire slated for completion in 2022, as well as 30 Hudson Yards and 55 Hudson Yards,…

San Francisco talent platform buys Valley startup

Thu, 08/08/2019 - 10:00am
The local firm had worked with sales teams to identify qualified leads. After the acquisition by AngelList Talent, it will pivot its efforts toward helping job seekers connect with jobs at other startups.

Zillow expands home-buying business as it brings company revenue to nearly $600M

Thu, 08/08/2019 - 9:58am
More than 170,000 homeowners have requested an offer from Zillow since the service launched in April 2018.

IAC considering spinoff of Match Group, shareholder letter says

Thu, 08/08/2019 - 9:56am
IAC/InterActiveCorp (Nasdaq: IAC) is considering a spinoff of Dallas-based Match Group Inc. The New York parent company is mulling the move for the dating services company, which is publicly traded, along with ANGI Homeservices Inc., according to a shareholder letter from IAC CEO Joey Levin. “We don’t yet know where that process will lead – there’s lots of work to be done and details to consider – and we may ultimately choose to spin off both, one or neither,” Levin said in the letter.…

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