Month: February 2020
Asana files to go public, says it will do so via a trendy direct listing
Workplace productivity toolmaker Asana announced late Monday that they have confidentially filed their S-1 and said in a statement that they plan to enter the public markets via a direct listing. Direct listings enable a company to go public without issuing new shares, instead allowing existing shareholders to sell shares…
Read More
Google now has a ‘multibillion-dollar’ hardware business, has paid $80B to Android app devs
“We have no idea how much money Google makes from hardware,” Marketwatch wrote two years ago. That’s no longer entirely true — the company’s hardware division is a “multibillion-dollar” business, the company revealed during parent Alphabet’s Q4 earnings call (via 9to5Google). That suggests that hardware rakes in at least $2…
Read More
Panasonic will no longer sell its TVs in Australia
Despite numerous decades of bringing its high-quality televisions to Australia, Japanese electronics giant Panasonic has made the surprise announcement that it’s officially withdrawing its TV products from sale in the country. In a media statement issued yesterday afternoon, Panasonic Australia’s managing director Paul Reid cited “current local market conditions” and…
Read More
Quibi drops new trailers for Will Forte and Idris Elba shows ahead of April launch
Short-form video platform Quibi has released new teaser trailers on its YouTube channel that give a first look at some of the new shows coming to the mobile-focused streaming service. The trailers, as well as the company’s recent Super Bowl commercial, are part of Quibi’s efforts to try and convince…
Read More
Josh Kopelman on how to start and run an early-stage fund in a hypercompetitive market
Last week at the Upfront Summit in Pasadena, there was no shortage of glitz, from the venue (the Rose Bowl) to the catering (Wolfgang Puck) to the guest list (Ice Cube, Paris Hilton and John Legend, to name just a few). Still, there were also plenty of sessions that provided…
Read More
Cards Against Humanity rescues ClickHole from its private equity owners
Cards Against Humanity has purchased parody website ClickHole from digital media company G/O Media in an all-cash deal with and will make it a majority-employee-owned company, BuzzFeed News reported today. Cards Against Humanity is allowing ClickHole to operate as an independent organization and giving it financial support, which essentially means…
Read More