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Is there such a thing as permanence on the web? Former Facebooker Adam D’Angelo thinks so. He claims to be buying it, with the help of another $80m he has just raised for his question-and-answer service, Quora.
As with a lot of big fund-raising rounds at the moment, though, the main reason Mr D’Angelo is acting now is not hard to discern: just because he can. Read more
Google’s founders have just completed a silent coup of their own company – and so far, it hasn’t cost them a dime.
The new class of non-voting Google stock that started trading on Thursday is selling at a discount of around 0.3 per cent to the existing, reduced-voting right shares. If that gap rises above 1 per cent, the company will have to pay out cash to compensate investors: but the narrow spread at the outset suggests that is no longer a risk. Read more
For its most promising new technology, IBM has been searching for problems to solve that are both deep and broad enough. Now, with a clinical trial in the US aimed at personalising the treatment of cancers, it might just have found one. Read more
But that hasn’t stopped Matt Cohler at Benchmark from leading a $20m investment round in Xapo, the latest entrant in Silicon Valley’s bid to assume a leading role in Bitcoin innovation. Read more
Bill Gates has a soft spot for Mark Zuckerberg. In an interview with Rolling Stone magazine that has just been published, this is what he has to say about the Facebook CEO: “We’re both Harvard dropouts, we both had strong, stubborn views of what software could do.”
And he strongly endorses Zuckerberg’s acquisition of WhatsApp: “It means that Mark Zuckerberg wants Facebook to be the next Facebook.” Read more
Looking back at the history of the world wide web (which celebrates its 25th birthday on Wednesday) brings to mind that famous question from Monty Python’s Life of Brian: “What have the Romans ever done for us?”
Like the Judean revolutionary complaining about his Roman overlords, it’s easy to see the downside. Spam, viruses, government surveillance, loss of privacy: the negatives are hard to ignore. Read more
How much freedom will Google have to come up with new advertising formats after its anti-trust settlement with the European Commission?
That question looks like being tested sooner than you might think. The ink isn’t even dry on the settlement yet, but Google is already trying out new forms of advertising that will reveal how well the regulators have done their job. Read more
It was Justin Timberlake, playing Mr Parker in The Social Network, who delivered the famous line: “A million dollars isn’t cool. You know what’s cool?”
Founders Fund has just raised its first $1bn fund – but Mr Parker has now officially cut his ties with the firm. Read more
The Wall Street analysts waiting eagerly for details of Tesla Motors’ planned “Gigafactory” will have been disappointed by the cursory treatment the project got on Wednesday, as the company announced plans to raise $1.6bn.
After all, this is the massive battery-making plant that is meant to cement Tesla’s rise as the world’s first mass-market electric car maker. According to an expansive report by a Morgan Stanley analyst earlier in the week, it could also make it the dominant player in a $1,500bn market for selling energy storage devices to electric utilities. Read more