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Groupon is reportedly in talks with various banks over an initial public offering (IPO) that would value the daily deals site for as much as $25 billion, roughly half of what Facebook is currently worth. Given Groupon's recent actions -- walking away from Google's $6 billion offer, building a staff of 5,900 employees, and expanding into countries like China -- the IPO move, which could happen some time this year, certainly makes sense. (Bloomberg)
A curated selection of the weekend's most newsworthy tech stories from all over the Web. Sign up to get the newsletter delivered to you everyday.
AOL closed its $315 million acquisition of The Huffington Post just one month after it was announced. Site founder Arianna Huffington will serve as AOL's President and Editor in Chief of the Huffington Post Media Group, which includes all of the company's media properties. The deal should MOREJP Mangalindan, Writer - Mar 7, 2011 7:55 AM ET
There is a difference between "quite small" and "quite smooth"
My colleague Seth Weintraub hit a nerve -- and stirred a fierce debate -- Thursday with a post entitled Steve Jobs' reality distortion takes its toll on truth, in which he called Apple's (AAPL) CEO to task for what Weintraub saw as three deliberate distortions in Jobs' iPad 2 keynote:
Claiming that the iPad 2 is the first dual-core tablet to ship MOREPhilip Elmer-DeWitt - Mar 5, 2011 5:23 AM ET
How he sees the future of computing -- and his company -- in 229 words
Much has been written (see here and here, for example), and more will be, about Steve Jobs' closing remarks at Apple's (AAPL) iPad 2 unveiling Wednesday.
So here it is, Jobs' post-PC credo, in his own words:
I've said this before, but thought it was worth repeating: It's in Apple's DNA that technology alone is not enough. That MOREPhilip Elmer-DeWitt - Mar 4, 2011 7:59 AM ET
Retail staff briefed Sunday on a plan to move into enterprises that aren't yet "confused"
"What I love about the consumer market, that I always hated about the enterprise market, is that we come up with a product, we try to tell everybody about it, and every person votes for themselves... With the enterprise market, it's not so simple. The people that use the products don't decide MOREPhilip Elmer-DeWitt - Feb 28, 2011 6:12 AM ET
Its acquisition of a tiny Swedish company is typical for Apple.
The $45.8 billion in cash and marketable securities that Apple (AAPL) reported in June is not burning a hole in its corporate pocket. On Monday, our colleague Seth Weintraub spotted a Norwegian media report that Apple had gobbled up a small Swedish company called Polar Rose.
Polar Rose has some nifty face recognition algorithms -- demonstrated below the fold on a MOREPhilip Elmer-DeWitt - Sep 20, 2010 10:58 AM ET
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