Author: Matthew Lynley

Dropbox announces COO Dennis Woodside is leaving as its second quarterly check-in with Wall Street once again outperforms

TECHCRUNCH Back when Dennis Woodside joined Dropbox as its chief operating officer more than four years ago, the company was trying to justify the $10 billion valuation it had hit in its rapid rise as a Web 2.0 darling. Now, Dropbox is a public company with a nearly $14 billion valuation, and it once again showed Wall Street that it’s able to beat expectations with a now more robust enterprise business alongside its consumer roots. Dropbox’s second quarter results came in ahead of Wall Street’s expectations on both the earnings and revenue front. The company also announced that Dennis...

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Dropbox hires a new VP of product and VP of product marketing

TECHCRUNCH After a largely successful IPO, Dropbox is adding another couple of hires today as it looks to continue its consumer-slash-enterprise growth playbook: bringing on a new VP of product in former CEO and president of Wealthfront Adam Nash; and a new VP of product marketing and global campaigns in Naman Khan. Both have extensive from products that span multiple different verticals, with Nash previously working at LinkedIn and eBay and Khan spending time with Microsoft Office and Autodesk. The company went public earlier this year to a pretty successful IPO, though the stock hasn’t seen any dramatic fireworks,...

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AI Chip startup Cerebras Systems picks up a former Intel top exec

TECHCRUNCH While some of the largest technology companies in the world are racing to figure out the next generation of machine learning-focused chips that will support devices — whether that’s data centers or edge devices — there’s a whole class of startups that are racing to get there first. That includes Cerebras Systems, one of the startups that has raised a significant amount of capital, which is looking to continue targeting next-generation machine learning operations with the hiring of Dhiraj Mallick as its Vice President of Engineering and Business Development. Prior to joining Cerebras, Mallick served as the VP of architecture and CTO of Intel’s data center group. That group generated more than $5.5 billion in the second quarter this year, up from nearly $4.4 billion in the second quarter of 2017, and has generated more than $10 billion in revenue in the first half of this year. Prior to Intel, Mallick spent time at AMD and SeaMicro. That latter part is going to be a big part of the puzzle, as Google looks to lock in customers in its cloud platform with tools like the Tensor Processing Unit, the third generation of which was announced at Google I/O earlier this year. Data centers are able to handle some of the heavy lifting when it comes to training the models that handle machine learning processes like image recognition as they...

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Twilio came ahead of expectations and the stock is going nuts

TECHCRUNCH Twilio today reported a positive quarter that brought it to profitability — on an adjusted basis — ahead of schedule for Wall Street, sending the stock soaring 16% in extended hours after the release came out. While according to traditional accounting principles Twilio still lost money (this usually includes stock-based compensation, a key component of compensation packages), the company is still showing that it has the capability of being profitable. Born as a go-to tool for startups and larger companies to handle their text- and telephone-related operations, Twilio was among a wave of IPOs in 2016 that has...

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Goodly looks to give companies student loan payments as an employee benefit

TECHCRUNCH As employers duke it out over hiring the best possible candidates, especially ones coming out of school, they are starting to get a little bit more creative with their incentive packages — and that includes offering an option for paying down student debt. Goodly is a new startup that’s looking to help those employers offer that as a benefit. Smaller companies without the resources to create complicated incentive packages especially need tools that help shortcut the process of offering those benefits. It’s following a similar playbook of companies looking to make it easier to get the tools they...

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Optic wants to help developers drop boilerplate code into their development flow

TECHCRUNCH Stack Overflow and other various sites and tools have made it easy to Google search for solutions — or code snippets — to the easier parts of putting together an app or program for developers, but Aidan Cunniffe wants to take that one automated step further. That’s the premise behind Optic, which gives developers a way to grab very common coding use cases that they can drop right into their code. It works by finding the sort of routine additions developers might need, like how to create a form that will add a user to a database, as well...

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Square’s crazy run this year dodges any major snags with a decent Q2

TECHCRUNCH While we’re talking about companies like Apple getting alarmingly close to a $1 trillion market cap, both of Jack Dorsey’s companies — Twitter (at least before its earnings last week) and Square — have been on considerable runs, and it looks like the latter won’t be coming to a major halt after today’s quarterly report. The company reported its second-quarter results today, which were somewhat mixed compared to what Wall Street was expecting but didn’t appear to raise the kinds of significant red flags Twitter raised last week that sent its stock into a tailspin. The company outpaced...

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Apple nears a $1 trillion market cap as it clears another quarter ahead of expectations

TECHCRUNCH Apple is inching closer and closer to becoming a $1 trillion company today after posting third quarter results that beat out what analysts were expecting and bumping the stock another few percentage points — which, by Apple standards, is tens of billions of dollars. The company’s stock is up around 2.5% this afternoon after the report, which at a prior market close with a market cap of around $935 billion, is adding nearly another $20-plus billion to its market cap. A few quarters ago we were walking about how Apple was in shooting distance of that $1 trillion...

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