Twilio, a company that embodies everything that’s hot in tech right now, is planning to go public.
The startup, which builds cloud-based mobile communication services, filed an S-1 with the SEC on Thursday.The company makes it possible for businesses like Uber and Nordstorm to message or call their customers. Testimonials from both companies were featured in several full-color pages in the filing.
Mobile messaging has been a major theme for firms like Facebook(FB, Tech30), Google(GOOGL, Tech30) and Microsoft(MSFT, Tech30), and is being hailed as the best way for businesses to connect with customers.
Twilio, an 8-year-old firm, has hired Goldman Sachs and JPMorgan as two of its underwriters and plans to list on the New York Stock Exchange under “TWLO.”
Twilio’s sales have more than tripled in the past three years — growing from about $50 million at the end of 2013 to $167 million at the end of 2015. The company lost about $36 million last year.
The company has raised more than $230 million from investors. Their most recent round of funding was led by Fidelity and T. Rowe Price. Other backers include big names like Amazon(AMZN, Tech30) and Salesforce(CRM, Tech30).
Twilio wants to raise about $100 million through its IPO. The number of shares and the
Hackers targeting the international financial system have claimed a fourth victim: a bank in the Philippines.
It’s now clear the global banking system has been under sustained attack from a sophisticated group — dubbed “Lazarus” — that has been linked to North Korea, according to a report from cybersecurity firm Symantec.
In at least four cases, computer hackers have been able to gain a dangerous level of access to SWIFT, the worldwide interbank communication network that settles transactions.
Symantec researchers closely examined the computer virus used to attack the bank in Philippines. They found that its complex code shared distinct properties — like specific instructions written in the same words
In an “unapologetically sentimental” speech, Steven Spielberg told Harvard graduates how to be real-life cinematic heroes.
The legendary film director’s message: Speak up when you disagree with voices of authority.
“A hero needs a villain to vanquish, and you’re all in luck. This world is full of monsters. There’s racism, homophobia, ethnic hatred, political hatred and religious hatred,” Spielberg said at Harvard’s 365th commencement ceremony Thursday.
To combat those evils, Spielberg said, people need to study history in order to understand humanity — and learn to use a moral compass.
“[That is] the reason I so often make movies based on real life events,” Spielberg added.
A photo posted by Harvard University (@harvard) on May 26, 2016 at 10:12am PDT
The three-time Academy Award winner got his two Best Director awards from films based on historical events: 1993’s “Schindler’s List,” which is based on the true story of a Nazi who save more than 1,000 Jews from a concentration camp, and 1998’s “Saving Private Ryan” about a U.S. Army captain during World War II.
The Jewish director added it was his own experiences with anti-semitism that led him to make movies like “Schindler’s List” and record personal accounts of genocide survivors through his USC Shoah Foundation.
Nick Denton has a challenge for Peter Thiel: Let’s talk, publicly.
The Gawker Media founder has called on the billionaire Silicon Valley entrepreneur to take part in “an open and public debate” following Thiel’s admission that he is funding lawsuits — including Hulk Hogan’s $140 million verdict — aimed at crippling Denton’s news and gossip site.
“Peter, this is twisted. Even were you to succeed in bankrupting Gawker Media, the writers you dislike, and me, just think what it will mean,” Denton wrote in a lengthy open letter.
“I’m going to suggest an alternative approach. The best regulation for speech, in a free society, is more speech,” Denton wrote. “We each claim to respect independent journalism, and liberty. We each have criticisms of the other’s methods and objectives. Now you have revealed yourself, let us have an open and public debate.”
Thiel, a PayPal co-founder and early Facebook investor, could not be immediately reached for comment.
He had acknowledged Wednesday that he was funding Hogan’s lawsuit against Gawker for invasion of privacy. Gawker had published a sex tape that featured Hogan, aka Terry Bollea.
“I am proud to have supported Terry Bollea in his successful fight against a
Facebook and Microsoft are working together on an unusual project. The two tech behemoths want to bury a 6,600 km cable deep under the Atlantic Ocean, stretching all the way from Virginia to Spain.
The companies deal with a tremendous about of data every day, whether it’s showing photos to Facebook’s 1.6 billion users, or loading documents stored in Microsoft’s cloud services. Instead of solely relying on telecom companies for bandwidth, they’re taking matters into their own hands.
Called MAREA, Spanish for “tide,” the cable will offer speeds of up to 160 terabytes per second, making it the highest capacity cable running this route, according to the companies.
It’s not the first time consumer tech companies have branched out into infrastructure. Google(GOOG) has been busy building its Google Fiber business to bring broadband connections to U.S. cities. Facebook(FB, Tech30) and Google are working on experimental tools like giant balloons and laser-equipped drones to bring internet to underserved locations. Microsoft(MSFT, Tech30) has multiple other investments in subsea and land fiber connections.
Spanish telecom company Telefonica is a third partner in the cable project. The actual management of the MAREA system will fall to Telefonica’s infrastructure division, Telxius. It will also sell off capacity of the cable to other companies interested in high-speed connections.
Snapchat says it’s not to blame for a car crash that took place last year.
A Georgia resident sued the company last month for being partially responsible for a collision that left him with serious brain injuries.
Wentworth Maynard is accusing another driver, Christal McGee, of using Snapchat while she was speeding on a highway outside of Atlanta. The app has a feature that can track how fast someone is going while they’re using their phone — and Maynard says McGee was incentivized to use the app because of the speed filter while she was driving.
McGee has been denying this claim, and Snapchat says it has reviewed activity records for her account and found that they don’t support the claims either.
“Snapchat contends that the Activity Logs demonstrate that McGee was not in fact using the Snapchat Application at the time of or immediately prior to the collision,” reads the court filing, obtained by CNNMoney.
Maynard and his legal team haven’t been able to verify this data. But this new information has prompted attorneys for both sides to jointly file a motion to put the lawsuit on hold for 30 days while they investigate further.
After Maynard and his lawyers assess the records, they will have the chance to discontinue their claims.
Apparently no one likes to be a number. Even those who trade in them.
Following a growing trend among big companies, Goldman Sachs announced Thursday that it was ditching its 9-point rating system for performance evaluations in favor of “qualitative” feedback that is “timely” and “constructive.”