Duncan Riley
Latest from Duncan Riley
Moderated insanity: Fitbit shares close up 48% on their first day of trading
Fitness tracking maker Fitbit, Inc. went public Thursday to a positive response from Wall Street, closing its first day of trading up 48.4 percent at $29.68 from its original initial public offering price of $20 per share. According to reports, shares peaked early for Fitbit up 52 percent at $30.40 before settling down at the ...
Twitter preparing its own curated news service under the running name of “Project Lightning”
A general meme around Twitter, Inc.’s microblogging come messaging service is that it’s difficult to discover or follow events of note; of course if you’re a regular Twitter user it’s not even remotely hard, but it’s apparently a big enough problem that Twitter is doing something about it, and that something is currently dubbed “Project ...
Peak unicorn: Airbnb trying to raise $1b Series E on a $24b valuation
Airbnb, Inc. is said to be doing the rounds looking to raise a $1 billion Series E round on a seriously high peak unicorn valuation of $24 billion. The Wall Street Journal says further that the company has also been sharing its current revenue numbers with potential venture capital partners, and to say they’re quickly ...
Fitbit to float on the NYSE Thursday with a $20 share price
Shares in fitness tracking startup Fitbit, Inc. will float Thursday morning at a starting price of $20 per share, the company revealed Wednesday. According to reports, the $20 price was well ahead of the expected float price, and will result in the company raising $732 million for itself and its selling stockholders. The price values ...
TechStars acquires UP Global, the company behind Startup Weekend
Startup accelerator TechStars has acquired UP Global, the company behind Startup Weekend, Startup Week, Startup Next and Startup Digest programs. The acquisition isn’t hugely surprising given the two have had a long and illustrious relationship, with Startup Weekend having come out of a confab at TechStars back in 2007. “Together, we’ve built programs and resources for every stage ...
Bitcoin exchange Kraken launches new dark pool exchange service
Bitcoin exchange Kraken (Payward, Inc.) has launched the Kraken dark pool, a new trading feature that allows Kraken clients to privately place Bitcoin orders and execute against similar-sized orders at potentially better prices than publicly exposed trades. The dark pool, a term often used in broader financial markets, is an order book that is not ...
Feds are investigating the St. Louis Cardinals for hacking the Houston Astros … seriously
In news you probably didn’t expect to read today, or any day for that matter, the Federal Bureau of Investigation (FBI) announced Wednesday that it is currently investigating Major League Baseball (MLB) team the St. Louis Cardinals for hacking, and, in particular, the allegation that they hacked fellow MLB team Houston Astros. According to reports, ...
Seriously cool: Microsoft reveals it has built a version of Minecraft for HoloLens
Microsoft Corp. revealed at the E3 conference Monday that it had built a version of Minecraft for its upcoming HoloLens augmented reality headset. The HoloLens version of the wildly popular Minecraft gives players two ways to play the game: an immersive 2D experience that puts the player within the game (a first person view,) or ...
Report: GitHub looking to raise $200m on a $2b Unicorn valuation
Git repository hosting service GitHub, Inc. is said to be looking to raise a Series B round of $200 million. According to Bloomberg Business, who quotes “people familiar with the matter,” the new round will be on a Unicorn valuation of $2 billion. Founded in 2008, GitHub has become arguably the most popular Git hosting ...
Trans-Tasman inventory management SaaS firm Unleashed Software raises $3.5m Series B
Inventory management software as a service (SaaS) developer Unleashed Software Pty. Ltd. has raised AU$4.5 million ($3.5 million) Series B in a round that included MYOB founder Craig Wrinkler. Founded in 2009, the Trans-Tasman (Australia/ New Zealand) based company offers a SaaS platform that provides accurate inventory management in real-time for the small, medium and ...