PayPal President David Marcus berated employees in its headquarters in San Jose, California for not patronizing their own products, telling them to quit if they insist on doing so, VentureBeat reported.
Sectors
Colorado-based health firm Welltok secures $22.1M in Series C round
Denver, US-based health management firm Welltok secured $22.1 million in a Series C funding round led by New Enterprise Associates to build a new application that will encourage consumers to maintain a healthy lifestyle.
Philippines' Aboitiz Group completes exit from shipping business
Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.
Snapchat gets hacked by smoothie enthusiast
California, US-based mobile messaging app Snapchat was victimized again by a hacking attack that affected several accounts and sent spam photos of a fruit smoothie.
Hints suggest Microsoft seriously foraying into the Internet of things (IoT)
Microsoft is taking various steps that highlight it is seriously trying to get into the Internet of things, according to a VentureBeat report that took clues from a ZDNet report and other moves taken by the company.
Latest News
New York, US-based personal data exchange startup Datacoup is running a beta trial where people are paid $8 a month in exchange of access to their social media account and credit and debit card transactions, with the data collected to be sold to advertisers.
Colorado, US-based big data firm Datalogix is acquiring Connecticut-based shopper intelligence company Spire Marketing for an undisclosed amount to expand its footprint into shopper marketing.
With the pipeline of talent for startups slowly drying out, Startup Institute Managing Director Andrew Hoag asks if career accelerators could provide the answer to the dearth of skills needed in these fast-growing companies in his VentureVillage post.
San Francisco, US-based point-of-sale system provider Revel Systems integrated Bitcoin transactions into its payment platform to grant its customers access to the latest payment methods.
Corporate Executive Board or CEB has made its third acquisition in the talent management space by purchasing India-based talent analytics company Talent Neuron for anywhere from $10 million to $15 million, TechCrunch reported.
Chicago, US-based aircraft maker Boeing is seeking approval from the Federal Aviation Administration (FAA) to use biodiesel in jet fuel for commercial flights around the world.
Russian tech investor Yuri Milner, together with Morgan Stanley chief John Mack, invested an undisclosed amount in Los Angeles, US-based cloud graphics firm Otoy to commercialize its suite cloud-based content creation tools.
Tapiture, a site where users can access millions of their favorite things, received $2.25 million for its seed funding round from various investors, TechCrunch reported.
Shazam, a London-based music and television tagging service, is rumored to be raising a $20 million funding round, a VentureBeat report said citing a Re/code report.
