The drones are coming, despite efforts by the Federal Aviation Administration to restrict them.
After Oracle CEO Larry Ellison bought the Hawaiian island of Lanai in 2012, he told reporters that he planned to turn the island into a model for sustainable living.
On Sunday, July 20, he took a step closer to his mission of saving the earth when he and girlfriend Nikita Kahn hosted a VIP-packed fundraiser for the California Wildlife Center. The CWC is a nonprofit that rescues sick, injured, or orphaned animals in California.
The fundraiser took place at Ellison’s restaurant Nikita, located on Malibu’s ritzy Carbon Beach, where Ellison also owns 10 oceanfront homes. A number of celebrities were in attendance, including Bradley Cooper and Kathryn Bigelow.
The event ultimately raised $600,000, which the CWC will use towards opening a new facility and surgery center.
The first expansion for Blizzard’s Hearthstone launched today, called Curse of Naxxramas after an old foe in Warcraft lore. I’ve been able to spend my time playing the first wing of the game, The Arachnid Quarter, released free today as a teaser for the other four future wings, which will debut weekly from here on out.
An EPA-approved disinfectant could subside major environmental and health concerns in fracking.
Satya Nadella has big plans for Microsoft. Shares are up close to 23% since he took over as CEO in February but the impact of his initiative has yet to be felt in the company’s earnings.
Apple released its second quarter earnings Tuesday.
Here’s what you need to know, in charts:
Apple on Tuesday reported its earnings for the July quarter. Revenue was largely in line with expectations at about $37.43 billion on $1.28 earnings per share, and so were iPhone sales, at around 35.2 million units sold for the quarter — up about 13% year-over-year.
Though iPhone sales are steadily rising on average each year, growth of the device year-over-year actually seems to be slowing down since the end of 2012, around the release of the iPhone 5. Apple last year released two iPhone models for the first time, the iPhone 5S and 5C, but is expected to release at least one larger iPhone model this year with a 4.7-inch screen.
Several reports say Apple will also unveil an even bigger 5.5-inch iPhone model this fall, possibly to sate consumers attracted by the large Android-powered handsets, though the launch of that phone may be delayed due to production issues.
Last year Amazon’s cloud computing business, Amazon Web Services (AWS), brought the company $3.8 billion in revenue.
As LinkedIn CEO Reid Hoffman, along with entrepreneurs Ben Casnocha and Chris Yeh, illustrate in their new book “The Alliance,” this multibillion-dollar business wasn’t the brainchild of CEO Jeff Bezos or even an executive. It came from Benjamin Black, an employee who had been with the company a little over a year.
It was 2003, and Black was recently promoted to website engineering manager. As Black explains in a blog post, he wrote a short paper that outlined a way to restructure Amazon’s infrastructure, and at the end “mentioned the possibility of selling virtual servers as a service.”
He writes that he worked on the paper with his boss, vice president of IT infrastructure Chris Pinkham, and that they drew from the ideas they had discussed with their team.
"We presented the paper to Bezos (he doesn’t do slides), he liked a lot of it, and we went back to work," Black writes.
Bezos put Pinkham in charge of leading the project that would become AWS, and championed the unorthodox idea. Bezos was “on board from the beginning,” Pinkham’s former employee Christopher Brown previously told Business Insider.
"When Amazon’s board questioned whether the company should tackle something so unrelated to online retail," Hoffman, Casnocha, and Yeh write, "Bezos defended the idea and pushed it through."
AWS launched in 2006 and today, Brown says, “it’s part of Amazon’s culture” and “the way they stay ahead of the competition.”
The authors of “The Alliance" think this story is a great case study in good management, since Bezos listened to and recognized a smart idea, no matter whose it was.
Disney missed this opportunity when it fired animator John Lasseter in 1995 for wanting to pursue computer animation. He joined the team that eventually became Pixar and now serves as the studio’s chief creative officer.
The authors explain how managers can learn from Bezos’ example:
Unlike John Lasseter’s bosses at Disney, Bezos was open to the entrepreneurial contributions of Amazon’s individual employees — even when those ideas were outside what Wall Street (and even his own board of directors) considered the company’s core business. AWS represents precisely the kind of value creation any CEO or shareholder would want from their employees.
Want your employees to come up with multibillion-dollar ideas while on the job? You have to attract professionals with the founder mindset and then harness their entrepreneurial impulses for your company. As Intuit CEO Brad Smith told us, “A leader’s job is not to put greatness into people, but rather to recognize that it already exists, and to create the environment where that greatness can emerge and grow.”
Apple announced its iPhone and iPad sales for the second quarter of 2014 Tuesday.
Here’s the rundown:
iPhone unit sales: 35.2 million versus 35.3 million expected
iPad unit sales: 13.3 versus 14-15 million expected
The iPhone numbers are nearly in line with analyst expectations, but Apple missed again on the iPad. iPad sales are down 9% year over year.
Here are some charts breaking down iPhone and iPad sales:
LinkedIn just bought a business marketing company called Bizo for $175 million.
LinkedIn’s David Thacker writes that Bizo’s team has been part of its API Partner Program for a while and the acquisition will help it establish ”a comprehensive B2B marketing platform for brands.”
Bizos helps advertisers find and target new businesses.
This news comes soon after LinkedIn announced that it was buying Newsle last week. LinkedIn is funding this deal 90% with cash and 10% with stock.
Here’s the full blog post from Bizo, which was founded in 2008 and has raised about $20 million in capital:
When we started Bizo just over six years ago, our goal was to build an unbeatable team, culture and product to help B2B marketers drive greater revenue and results. We have come a long way towards delivering against this vision and at the same time see a huge amount of opportunity ahead of us.
As we focus on the road ahead, I couldn’t me more thrilled to share the exciting news that LinkedIn has agreed to acquire Bizo.
We have been a LinkedIn partner for a while now, and when we started to develop that relationship a few years ago, it became readily apparent that we shared very strong and positive employee cultures, and that we both had a similar way of thinking about building out our respective businesses, with core customer-first and member-first mindsets.
LinkedIn’s mission is to connect the world’s professionals to make them more productive and successful, while Bizo’s is to help B2B marketers get to the right people. We realized that our respective missions are incredibly well aligned, and we believe that combining forces will accelerate our ability to execute against the huge opportunities ahead. The combination of LinkedIn and Bizo greatly increases our ability to be the most effective platform for B2B marketers to reach their audiences, nurture prospects and acquire customers.
We see incredible opportunities in the coming years to continue to scale our mission beyond what we ever thought possible — and create a big win for our customers, employees, and LinkedIn members. For more context on the announcement from LinkedIn, please see their blog post.
Thanks to all of the Bizo team, customers, partners, shareholders and supporters for your incredible dedication and support over the past 6+ years. We have a lot of exciting work ahead of us – stay tuned!
French luxury brand Hermés posted second-quarter sales last week. They were reminiscent of the Orson Wells line, “Living in the lap of luxury isn’t bad except that you never know when luxury is going to stand up.” Sales were up, but only a little – 5.8%, a real softening of the growth the brand has seen in recent quarters. Down from the first-quarter’s 10.1% growth, and +12% achieved a year earlier.
Pandora’s Senior VP of Strategic Solutions Heidi Browning sat down with me in Cannes during the Cannes Lions International Festival of Creativity to explain how her company is working with marketers to develop ideas that benefit both brands and consumers—using music as the platform for creating experiences and building relationships.
Apple has little incentive to improve its Apple TV, because it’s making a fortune from the device in its existing state.
Bad news for gamers may mean good news for investors.