News about Silicon Valley business almost everyday.
Tesla CEO Elon Musk is joining the Board of Directors of Twitter, the social media messaging service. The stock price of Twitter is up nearly 30% since news was revealed over the weekend that Musk owns 73,486,938 shares or a 9.2% stake in the company. He is already the world’s richest man according to Forbes […]
SANTA CLARA — Chipmaker AMD announced an agreement to acquire Pensando, based in Milpitas, for approximately $1.9 billion before working capital and other adjustments. Pensando’s distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications. “To build […]
Here are salaries for technical workers at Roku, the leading Internet streaming platform. Salaries are from filings with the Department of Labor for H1-B workers in the first quarter of 2022.
SAN JOSE — Roku, Inc. announced it has reached a multi-year extension of its distribution agreement with Amazon to continue distributing their streaming video apps on its platform. Shares in Roku were up 6% on Monday following the news. The company released the following statement: “Roku and Amazon have reached a multi-year extension for their […]
SANTA CLARA — Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd., an Israel-based developer of real-time continuous optimization software. The acquisition of Granulate will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs. Deal terms are not being disclosed but reports say Intel is paying […]
SANTA CLARA — Home prices hit $405,000 for the first time ever in March, but data reveals there is some hope on the horizon for pandemic-era buyers. With demand beginning to moderate as some home shoppers are priced out of the market and new construction at near 16-year highs, inventory is expected to hit positive territory year-over-year this […]
PALO ALTO – HP Inc. said it will to acquire publicly-traded Poly (NYSE: POLY), a provider of workplace collaboration solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly’s net debt. Poly stock increased about 40% after the deal was announced. Based in Santa Cruz, […]
SAN FRANCISCO — Brightside Health, a telemedicine platform that offers fast access to personalized treatment, expert providers, and ongoing support for a range of mental health concerns, has raised $50 million in Series B funding. This round, led by ACME Capital and Mousse Partners, with participation from existing investors Bullpen Capital, Triventures, and Trousdale Ventures, […]
The Federal Trade Commission (FTC) is suing Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use. In addition, to prevent ongoing harm to consumers rushing to file their […]
The Securities and Exchange Commission (SEC) announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in collective profits by insider trading ahead of the company’s positive first quarter 2020 earnings announcement on […]
Kroger Co., the nation’s largest supermarket chain, and NVIDIA announced a strategic collaboration to reimagine the shopping experience using AI-enabled applications and services. Kroger and NVIDIA will build a state-of-art AI lab and demonstration center to expand Kroger’s freshness initiatives, improve shipping logistics and create a better shopping experience in stores through digital twin simulations […]
As inflation reaches historic levels and Americans face rising prices at gas pumps and sticker shock at supermarket checkouts, Denny’s is offering a new Endless Breakfast promotion. Now through June 21, Denny’s is helping individuals and families stretch their dollars by offering endless fluffy buttermilk pancakes, cheesy scrambled eggs and crispy hash browns from $6.99 to $8.99 depending […]