The initial public offering of Weibo, China’s answer to Twitter, has provoked a combination of downbeat hand wringing and gleeful hand rubbing about the effect of the global tech sell-off on new companies coming to market.
So are investors fair in how they’re pricing Weibo? The company’s shares were priced at $17 each, the bottom of the range, putting the group’s valuation at $3.8bn after raising more than double the amount it had hoped for earlier in the year. Read more
While Silicon Valley races ahead into a future filled with drones, robots and wearable technology, the rest of the US watches on with a mixture of hope and anxiety.
Americans are optimistic about the long-term prospects for the next 50 years of technological and scientific advances, according to a survey of 1,001 people by the Pew Research Center in February, but more nervous about the immediate future. Read more
It is nearly two years since Google took the wraps of Glass, its ambitious smart glasses project, and said it was aiming to put them on sale by the end of 2013. Read more
Dropbox chief Drew Houston is preparing for life as a public company executive.
In an interview with the FT after Wednesday’s launch of Carousel, a new photo-sharing app, and a suite of other new products, Mr Houston didn’t even wait for the inevitable question about an initial public offering to address the topic.
“We will continue to surround the company with great advisors, board members and other folks who have public company experience,” he said. “I’m not worried about the tactical side of operating as a public company.” Read more
Greg Christie, the Apple designer who was a key part of the team behind the original iPhone, will leave the company later this year, a spokesman confirmed to the FT.
Apple blog 9to5Mac, which broke the story earlier on Wednesday, suggested that Mr Christie had fallen out with Sir Jonathan Ive, Apple’s senior vice president of design. Read more
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
Twitter unveiled the first sign of its much awaited new design on Tuesday, to a near-universal reaction that it looked just like Facebook. Read more
by Barney Jopson
Frustrated by not being able to dictate your shopping list to Amazon? Well, even if you weren’t, Jeff Bezos’s company has come up with a solution to the problem you never had.
The Seattle-based online retailer on Friday unveiled a new stapler-sized device called Dash that let’s you speak a list of groceries to your Amazon account, to which it is linked via Wi-Fi. Read more