Step into the San Francisco offices of Climate Corporation, and the first thing you see is a giant suspended globe. It is a dramatic representation of the power of big data: cloud formations move across it in real time, attesting to the level of detail with which the company captures and models weather information.
Now, with Climate Corp’s sale to Monsanto for an up-front payment of $930m (with more cash set aside for staff retention), the big data business has its first significant acquisition, and an important vindication for those who argue that data analytics is becoming a competitive differentiator. Read more
Ladies and gentleman, the moment you have all been waiting for is fast-approaching: Twitter is due to file the small print on its initial public offering, a bulky S-1 registration statement that will allow investors a peek into the messaging platform’s business.
Here is the Financial Times “Ctrl-F” guide to getting the news fast (Alternatively, please tune in to FT.com when it happens, where we’ll do the heavy lifting for you): Read more
First, for Google’s opponents, let’s look on the bright side.
The company’s tentative deal with European regulators in April to head off a formal anti-trust complaint was, according to critics, worse than useless. In the words of Silicon Valley lawyer Gary Reback: “They were Nowheresville”.
Tuesday’s revised deal at least fixes the most glaring flaws. Whether it will do anything meaningful to change the competitive situation is another matter. Read more