Corporate

Poster app acquired by WordPress.com owner Automattic

Christian Zibreg ∙ June 17, 2013

The blogging platform space has certainly seen some consolidating recently. First, Twitter rather infamously snapped up the rival micro-blogging platform Posterous only to kill it shortly after. Seeing what's coming, Posterous founders launched their new blogging thing, Posthaven.

If you blog on the go using your iPhone or iPad, chances are you've switched from the somewhat clunky WordPress iOS app to Poster, an elegant iOS blogging client by developer Tom Witkin. In a blog post Monday, Tom confirmed he sold out Poster to Automattic, a company which happens to run WordPress.com. Here's what you should expect if your daily blogging depends on either the Poster or WordPress app...

Google officially buys social mapping startup Waze

Christian Zibreg ∙ Updated January 26, 2016

It's official: Google has just bought Waze, a social mapping and location startup, for an undisclosed sum. The acquisition strengthens Google's already leading Maps solution and related location services on the web and mobile devices. The deal follows months of speculation, with stories earlier this year predicting Apple would acquire the Israeli startup in order to improve own data in iOS Maps...

Logitech buys TidyTilt maker TT Design Labs

Christian Zibreg ∙ Updated September 26, 2016

Accessory maker Logitech today announced that it is acquiring TT Design Labs, the accessory maker behind the TidyTilt Kickstarter project.

This iPhone smart cover incorporates magnetic earbud holder and kickstand and has raised north of $200,000 on Kickstarter.

The acquisition gives the two-person startup access to Logitech's "expert engineering, supply chain, distribution, and marketing minds." As part of the collaboration, the company has just started accepting pre-orders for the TidyTilt and JustMount, now marketed under the Logitech brand...

Industry analyst Michael Gartenberg joins Apple’s marketing army

Christian Zibreg ∙ Updated May 16, 2018

In a somewhat surprising move, longtime technology analyst Michael Gartenberg has joined Apple's marketing team, Forbes reported Wednesday. Although Gartenberg has yet to confirm the development via his Twitter and LinkedIn accounts, a number of retweets of other people's congratulatory tweets could be viewed as a confirmation of sorts.

Though details on his role at the company are slim, Michael will likely be evangelizing the platform given he'll be reporting to marketing head Phil Schiller...

Yahoo buys blogging platform Tumblr for $1.1 billion

Christian Zibreg ∙ Updated January 22, 2018

Yahoo's recently-minted CEO Marissa Mayer has gone on a shopping spree. After the troubled Internet giant in March bought mobile news startup Summly for $30 million, and having snapped up the iOS/Android task management service Astrid earlier this month, Yahoo this morning announced a definitive agreement to acquire Tumblr for $1.1 billion. Yahoo promised "not to screw it up" and operate Tumblr independently as a separate business, keeping its founder David Karp as the CEO.

More than fifty billion posts (75 million more arriving each day) are hosted on Tumblr so this acquisition is bound to significantly bolster Yahoo's content empire...

Why Apple is borrowing money to pay for $60B stock buyback

Ed Sutherland ∙ April 26, 2013

To bolster its stock in the eyes of investors, Apple recently announced it would buy back $60 billion worth of shares. Such a move makes sense - after all, the iPhone maker does have this cash hoard of nearly $150 billion. However, it turns out Apple won't touch that money, opting instead to borrow the funds.

By borrowing the money, Apple keeps its billions out of the reach of U.S. taxes, saving the corporate giant money while also retiring expensive stock dividends.

You didn't think there was any altruism involved, did you? The move, however, isn't without its pitfalls. Moreover, Apple isn't alone in a corporate game of chess where it's all about manipulating the tax code, according to a report Friday...

iSpaceship gains enhanced bike pathways and sidewalks

Christian Zibreg ∙ Updated June 3, 2017

Apple's flying saucer-shaped Campus 2 building, an upcoming 2,800,000 square foot 4-story glass structure and home to 12,000 employees, is coming online in 2016. The building was originally planned for completion in 2015, but the project got pushed back until 2016.

The reason: the initial three billion dollar budget has ballooned to as much as five billion dollars because of Steve Jobs's perfectionism. The company earlier in the month submitted revised plans. Published Wednesday, the documents reveal several previously unknown tidbits.

For starters, Apple employees working at Campus 2 will be able to enjoy unprecedented bike pathways and sidewalks depicted in a set of exquisitely rendered images...

Want to have coffee with Tim Cook? It will cost you $50,000

Lory Gil ∙ April 24, 2013

Have you ever wondered how Apple CEO Tim Cook drinks his coffee? Does he take it black, or with cream and sugar? Is he a cappuccino man, or an espresso drinker? If you have a few thousand dollars to spare, you could find out.

TechCrunch is reporting that the Robert F Kennedy Center for Justice and Human Rights, with the help of charity marketing firm CharityBuzz, has just launched an auction that will give you the chance to sit down with Apple’s CEO for a cup of joe and the chance to pitch him your ideas for the next big thing...

AMD hires away Apple’s director of graphics architecture

Christian Zibreg ∙ Updated January 28, 2019

Graphics giant Advanced Micro Devices (AMD) has wooed another semiconductor expert away from Apple. Raja Koduri, who had previously worked at AMD before Apple poached him in April 2009, specializes in graphics technology and is understood to have helped with Apple's own chip-design efforts a great deal.

At AMD, Koduri will reportedly lead engineering efforts in visual computing, reporting to the company's Chief Technology Officer Mark Papermaster, another Apple hire who left the iPhone maker over cultural incompatibility and after falling out of favor with late co-founder Steve Jobs...

Verizon in Q1 activated 4M iPhones out of 7.2M smartphones

Christian Zibreg ∙ April 18, 2013

Verizon just posted its calendar 2013 first quarter earnings. The nation's top wireless carrier activated four million iPhones on its network throughout the quarter, half of which were the iPhone 5. The figure beats the 3.5 million unit consensus and represents a 25 percent increase over the 3.2 million iPhones Verizon activated a year ago. Representing just over 55 percent of all smartphone activations for the quarter, the iPhone during Q4 2012 represented nearly two-thirds of activations, which isn't surprising given the holiday rush, iPhone 4/4S price cuts and the iPhone 5 launch hype.

The company added 720,000 net new subscribers, including 677,000 people who signed two-year contracts, up 35 percent year-over-year. Turnover rate increased slightly to 1.01 percent from 0.96 percent a year ago. Smartphones represented 61 percent of contract subscribers, a record smartphone penetration. Shares climbed 1.94 percent during Thursday’s pre-market session...

Four Apple execs dominate best-paid corporate jobs in America

Christian Zibreg ∙ Updated July 24, 2016

Although Apple compensated its CEO Tim Cook for the calendar year 2012 with a $1.36 million base salary and $2.8 million in compensation related to incentive plans, he didn't made the top five highest-rewarded corporate executives list in Standard & Poor’s top 500 companies. Instead, per Bloomberg's report filed Monday, four members of the Apple leadership dominate that list.

To be clear, these numbers count both base salaries and stock options companies usually give to their top dogs as sort of a retainer. Specifically, Bob Mansfield, Peter Oppenheimer, Bruce Sewell and Jeffrey Williams all made the top five highest-paid execs list, according to fiscal 2012 compensation figures for top earners filed with the U.S. Securities and Exchange Commission...

Apple’s perfectionism could delay iSpaceship further as budget balloons to $5 billion

Christian Zibreg ∙ April 4, 2013

Apple's upcoming 2.8 million square foot circular glass structure, officially called Campus 2 and also known as iSpaceship, could face further delays because it is now reportedly $2 billion over budget. Originally estimated to cost a whopping $3 billion to build, the budget for the new home to about 12,000 employees has now skyrocketed to nearly five billion dollars, Bloomberg Businessweek reports. Because of the risings construction costs, Apple’s Campus 2 could easily become an investor relations nightmare, the publication observes...