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Facebook's Q2 earnings skyrocket thanks to massive growth in ad revenue

Facebook's Q2 earnings skyrocket thanks to massive growth in ad revenue

Facebook continues its quest for world domination, and after looking at its latest Q2 earnings results, the social media giant may be well on its way. According to Facebook's second quarter numbers, the company's gross revenue has increased by a staggering 59 percent year-over-year, reaching over $6.44 billion primarily thanks to advertising revenue, which itself increased by over 63 percent. These figures are significantly higher than those predicted by Wall Street analysts, who expected Facebook to post earnings of around $6.02 billion. As a result, Facebook's shares jumped by over 6 percent in after-hours trading. Company founder and CEO Mark Zuckerberg said that Facebook's user... more »
Bitcoin Weekly 2016 July 27: Bitcoin not money Florida case, European regulated exchange, Coinbase Australia and Ether, NetCents adds BTC payments

Bitcoin Weekly 2016 July 27: Bitcoin not money Florida case, European regulated exchange, Coinbase Australia and Ether, NetCents adds BTC payments

Bitcoin's status as "money" and as a financial instrument saw some interesting news this week after a Miami judge dismissed a money laundering case because Bitcoin is not money and in the same week a European Stock Exchange added its first regulated Bitcoin exchange-traded instrument (ETI). Bitcoin web-wallet and exchange Coinbase, Inc. has also expanded its global reach by adding support for customers in Australia (who can now buy, sell and trade bitcoins) and at the same time started trading in Ether (ETH, Ethereum's cryptocurrency). Accepting bitcoins has gotten easier for merchants now that NetCents has added bitcoin as a payment capability to... more »
3D printing website Shapeways gets hacked

3D printing website Shapeways gets hacked

3D printing aficionados be wary, as popular 3D printing services firm Shapeways, Inc. has just suffered a data breach. Customers are now receiving notices from the company, letting them know what information is and is not at risk. The exact time and means of the breach has not yet been disclosed, but Shapways is reporting “an incident involving unauthorized access to [its] systems.” According to the breach notification, the intruders gained access to some user names, email addresses, and shipping addresses, which could be sold or potentially misused. While passwords may be put at risk, the Shapeways website protects them with a... more »
Guest Post: 'Virtualization 2.0' is your on-ramp to the cloud

Guest Post: 'Virtualization 2.0' is your on-ramp to the cloud

The future of IT is in the cloud, yet some companies are still wary of making the leap. Their existing systems and processes are working for them, so why take the perceived risk and expense of migrating them to a new model? But it's a mistake to think of cloud adoption as an all-or-nothing proposition. In fact, many companies today are recognizing value in the cloud even though they have no plans to mothball their own data centers. To them, the cloud represents both an extension of their on-premises infrastructures and the latest chapter in the ongoing evolution of their IT... more »
Reddit will let brands sponsor user-submitted posts

Reddit will let brands sponsor user-submitted posts

Monetizing a site based on user created content is not easy—just ask Tumblr—but Reddit thinks it may have found an answer. Starting August 4, Reddit will allow advertisers to sponsor posts created by regular users that happen to mention their brand. Here is Reddit's official explanation for how the new sponsored posts will work: A redditor creates a post with brand-relevant content A brand notices the post and indicates to our sales team that they’re interested in promoting the post Our sales team reaches out to the author of the post to get explicit permission to use the post as part of a promoted user post If... more »
Mesos 1.0 brings a new container runtime and more third party integrations

Mesos 1.0 brings a new container runtime and more third party integrations

The first round number release of Apache Mesos launched into general availability this morning with a slew of new features for data center operators. The arguably most notable addition is a “unified containerizer” that provides the ability to centrally provision Docker, rkt and appc instances. Removing the need to use each technology’s native runtime provides a couple of major benefits. First, it reduces the number of moving parts that Mesos users need to worry about. And second, the new feature spares the project’s developers from the hassle of adding interoperability with those runtimes, which is much more complicated than merely supporting... more »
Technical engineer works to help enterprise cloud adoption | #WomenInTech

Technical engineer works to help enterprise cloud adoption | #WomenInTech

Connecting to the Amazon Web Services (AWS) cloud provides customers with scale and elasticity, but creating a Virtual Private Connection (VPC) has its limitations. Fan Gu, technical marketing engineer at Cisco Systems, Inc., works with a team of engineers who are collaborating with AWS to provide one-click provisioning that will enable them to tap into the capabilities of the public cloud through private connections. Gu joined Jeff Frick (@JeffFrick) and Lisa Martin (@Luccazara), cohosts of theCUBE, from the SiliconANGLE Media team, visited the AWS Summit – Santa Clara event in California to talk about the collaborative project and about Cisco’s vision of helping cloud... more »
Pokemon Go too late to save Nintendo from major Q1 loss

Pokemon Go too late to save Nintendo from major Q1 loss

Nintendo Co Ltd's share prices took a hit earlier this week after it sent a letter to investors clarifying its relationship to Niantic Inc's phenomenally successful mobile game, Pokemon Go, and now it looks like the company may have more trouble ahead after revealing its worst Q1 results in five years. The disappointing sales of the Wii U have only continued to worsen, dropping by 53 percent year-over-year, and even Nintendo's popular handheld console, the 3DS, failed to perform well in the first quarter. Fluctuations in currency exchange rates have also negatively impacted Nintendo, and according to the company's earnings report, it... more »
LogMeIn is merging with Citrix's GoTo collaboration spin-off in a $1.8BN deal

LogMeIn is merging with Citrix's GoTo collaboration spin-off in a $1.8BN deal

It looks like the software-as-a-service market will soon have a new power player to reckon with. Remote desktop access giant LogMeIn Inc. announced this week that it's merging with Citrix Systems Inc.'s collaboration business in an all-stock deal worth $1.8 billion. The combined company is expected to generate annual revenue of over $1 billion. The news comes 10 months after Citrix first revealed its intention to spin off the division, which uses the brand GoTo, as part of an effort to refocus on its core virtualization business. Combining such a move with a merger is called a “Reverse Morris Trust” transaction after the... more »
Industrial group led by GE invests $12M in edge analytics startup FogHorn

Industrial group led by GE invests $12M in edge analytics startup FogHorn

Organizations are rapidly expanding their analytics infrastructure to accommodate the growing amounts of machine-generated data pouring into their networks. And since the connected universe is largely unfamiliar territory, they’re seeking out the help of providers like FogHorn Systems Inc., which closed $12 million in funding this morning to capitalize on the trend. Three of the five investors that contributed to the round are major players in the industrial sector. General Electric Co.’s venture capital arm co-led the investment, while German manufacturing giant Robert Bosch GmbH and Japan’s Yokogawa Electric Corporation joined as strategic backers. Their interest in FogHorn can be attributed... more »

Premium Research

- Brian Gracely

Wikibon looks at how businesses are shifting their application focus towards customer-facing applications, and how this shift will impact data management and storage for CIOs.

- Brian Gracely

As the trend towards greater adoption and usage of open source expands, Wikibon looks at how open source software and public cloud are reshaping the business models of VCs, Startups, Enterprise IT vendors and Cloud Providers.

- Peter Burris

HPE visited theCUBE for a conversation about IoT edge processing. We excerpt that conversation, adding our insights into evolving IoT architectures.

- David Floyer

Next generation datacenters with all-flash for active data will require much higher performance system networks. These networks will need to be integrated into converged systems, and be completely separate from long-distance networks.

- George Gilbert

The software, hardware, and professional services markets for big data are still in formative stages, with packaged applications emerging only slowly. But the demand for solutions is sufficiently large and growing fast enough to support a number of large vendors with a variety of packaging and go-to-market approaches. Users should identify their big data starting point -- services, application platforms, or converged infrastructure -- and establish the strategic relationships they need to progress with big data investments.

- Brian Gracely

Wikibon looks at several examples of IT organizations that are actively engaged with open source software communities to help evolve how their business undergoes a digital transformation.

- Brian Gracely

Wikibon and theCUBE attended Red Hat Summit 2016 in San Francisco. Get analysis of the announcements, partnerships and community programs from Red Hat.

- Brian Gracely

Wikibon and theCUBE attended DockerCon 2016 in Seattle. Get analysis of the announcements, partnerships and community programs from Docker.

- Brian Gracely

Wikibon looks at the evolution of PaaS and Container platforms, and evaluates the critical architectural criteria that should be considered by CIOs, Enterprise Architects, Developers and Operational teams.

- Ralph Finos

Based on market conditions that we have observed over the past year and the recent public cloud revenue results of Amazon, Microsoft, Oracle, SAP, and IBM, we expect that public cloud spending will continue to accelerate rapidly, growing from $75B in 2015 to $522B by 2026 (19% CAGR). Each public cloud segment will have rapid growth rates: SaaS (19% CAGR), PaaS (33% CAGR), and IaaS (18% CAGR) during this period. How big will public cloud be? By 2026, cloud will account for nearly 50% of spending related to enterprise hardware, software, and outsourcing services.