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Leaked Lyft financial documents show the company is burning money and missing its revenue projections

Leaked financial documents suggest that in the first half of the year, Uber competitor Lyft generated less revenue and lost more money than it had projected earlier this year, according to a new report from Bloomberg's Eric Newcomer and Alex Barinka.

According to Bloomberg, Lyft lost $127 million in the first half of 2015 on $46.7 million in revenue. Additionally, in the same time period, the company spent $96.1 million on marketing expenses, paying out big bonuses to drivers and doling out discounts to customers. 


Billionaire investor Vinod Khosla: IBM and Dell haven't had 'one new idea over the last 30 years'

Vinod Khosla, former Sun Microsystems founder and the billionaire founder of famed Silicon Valley venture firm Khosla Ventures, was instrumental in the rise of what we now think of as the computer server. 

But in Khosla's estimation, the mainstream IT industry's been coasting ever since, he said on stage at the Structure conference in San Francisco.

Speaking of Dell, EMC, and IBM, he said, "They've not introduced what I consider one new idea over the last 30 years....Mostly they've spent their last few years engineering financials." 

While the recent blockbuster merger of EMC and Dell made perfect financial sense, it's really all about the balance sheet, he believes, not delivering on any big technology change. 


Why Square could be a game changer for tech IPOs
Posted November 18, 2015 1:19 PM
Why Square could be a game changer for tech IPOs

When Square prices its initial public offering on Wednesday night, it could set a precedent for scores of other tech startups like it.

The IPO is controversial for a couple of reasons, including the fact that it's expected to price below the $15.46 per share price at which it sold stock in its last private funding round.

That round valued the company at $6 billion.

Square set a price range of $11-$14, but it has been reported that the company could even price below the bottom end of that range.

While it's not uncommon for tech startups to reach a $1 billion valuation — about


Facebook wants to be the place where you make your next donation to charity (FB)

Facebook has started experimenting with a new way to let nonprofits hold fundraising campaigns on the social network. 

The idea is to make it easier for people to donate to charities without leaving Facebook. Nonprofits can now create project or theme-based fundraising campaigns with set donation goals. Users will be able to send money in just a few taps, provided they've already stored their card information on Facebook. 

Facebook's also rolling out a shiny new "Donate" button that can be added to both pages and posts, so people can donate without even leaving their News Feed. 

Here's how a campaign would look (Facebook partnered with 37 nonprofits for launch, including the World Wildlife Fund):


Square is about to set its IPO price, and the rumor is it will be even lower than expected

Jack Dorsey's payment company Square will set the price for its much anticipated IPO this afternoon, and the valuation could come in even lower than expected.

CNBC's Kayla Tausche says her sources are saying Square's IPO could be priced even lower than $11. The company will begin trading on NYSE Thursday morning. 

Earlier this month, Square set a price range of $11 to $13, or about a $4.2 billion valuation, which was a couple billion dollars lower than the valuation investors gave Square in its most recent private financing. During that round, Square raised $150 million at $15.50 per share. The company has raised over $590 million since its launch in 2009.


ISIS has its own 24-hour tech support called 'Jihadi Help Desk'

ISIS is taking its high-tech recruitment to new heights by offering a 24-hour “Jihadi Help Desk,” according to NBC News.

The help desk is operated by around 6 senior members of ISIS, and is designed to help recruits (and others) understand how to use things like encryption and private messaging platforms.

"They answer questions from the technically mundane to the technically savvy to elevate the entire jihadi community to engage in global terror," Aaron Brantly, a counterterrorism analyst at the Combating Terrorism Center,


Google has found that its most successful teams have 5 traits in common

Google, despite its penchant for childlike imagery and playful work environments, is a massive global company with 60,000 employees and a market cap of $500 billion. In order to stay dominant, it needs top talent, and to maintain top talent, it needs to foster creative and productive teams.

Following the success of Project Oxygen, an internal study that started in 2008 of what it takes to be a top manager at Google and whose findings are still used today, the company undertook another study, this one of team dynamics.

A group of Google's People Operations (HR) employees spent the past two years interviewing more than 200 Googlers across more than 180 teams to find out what distinguishes the most successful teams at Google. The main finding: A team's dynamics are more important than the talents of the individuals who comprise it.


Who uses Google+ anyway? More people than you might think (GOOG, GOOGL)

Yesterday, Google announced yet another revamp of its social network, Google+. The company has been trying all sorts of things since Google+ failed to really take off, and yesterday's revamp adds topical collections of posts and interest groups.

So who uses Google+ anyway? According to research released in October by GfK MRI, compiled here by Statista, more people than you might expect. The firm conducts a continual survey of 25,000 U.S. adults, and found that 17.8% of them report visiting Google+ at least once during the last 30 days, with the highest penetration (22.6%) among 25-to-43-year-olds. These people aren't necessarily visiting Google+ to post or read posts — there are other ways to enter the site, such as by clicking a member's profile on Gmail.


There are concerns that Anonymous' war on ISIS is doing more harm than good

Members of loose-knit hacktivist collective Anonymous have declared "war" on ISIS, in what Anonymous claims is its "biggest operation ever."

But not everyone is thrilled about this.

There are growing concerns that, while well-intentioned, Anonymous' attempts to battle the militant Jihadist group are doing more harm than good.

"Anonymous from all over the world will hunt you down."

After the Paris terror attacks on Friday — that left more than 120 dead and hundreds injured — Anonymous publicly declared its intention to take the fight to ISIS, which has claimed responsibility for the attacks.

A YouTube video aimed at the group featuring a man in Anonymous' signature Guy Fawkes mask announced that Anonymous "from all over the world will hunt you down."


The guy who pushed Netflix into the future says we're still underestimating Amazon

Battery Ventures technology fellow Adrian Cockroft is almost always the smartest guy in the room. 

Back in 2009, Cockcroft was the Netflix system architect who made the forward-looking decision to move the company into the Amazon Web Services cloud, well before anyone else took it seriously.

Without that move, Netflix's tremendously popular "Watch Instantly" video streaming service would likely never have happened.

So when Cockroft said on stage at today's Structure conference in San Francisco that