For Informatica investors, it was the opposite: The price was too low to warrant selling — they wanted more, more, more — and their stock also dropped, down a similar amount over the same period.
The biggest by far of that bunch was the $28 billion deal to buy Slack at the end of 2020.
Informatica is also far smaller than Salesforce, making its potential revenue bump to Marc Benioff’s company modest.
The ace up Informatica’s sleeve is that while its total revenue growth is slow, one important segment of its revenues is expanding quickly.
If we were to compare Informatica cloud net-new ARR that it expects this year instead, the percentage becomes even smaller.
That gap introduces a fantastic opportunity for arbitrage — and a lively second-hand and refurbished market.
Getmobil’s growth trajectory has been remarkable, driven by a combination of strategic foresight, operational excellence and a deep understanding of the Turkish electronics — and regulatory — market.
The company’s rise is characterized by its ability to offer consumers high-quality, refurbished electronics at competitive prices, thereby filling a critical market gap.
Before the regulations, the refurbished electronics market in Turkey was chaotic and fragmented, and the quality and warranty coverage of second-hand devices was highly variable.
Navigating the intricacies of Turkey’s electronics market presents a unique set of challenges and opportunities for Getmobil.
Apparently Frank Slootman, the veteran tech executive, was popular with investors, at least judging from their reaction that he will be stepping down as CEO of Snowflake.
The company stock price has plunged over 24% in after hours trading on the news.
Slootman came on board in 2019, taking over for veteran executive Bob Muglia, and was charged with taking the company public the following year.
In fact, Fortune reported that the chief executive was making an eye popping $95 million a month at one point.
Prior to coming to Snowflake, he spent six years as chairman and CEO at ServiceNow.
The Displace wireless TV, that sticks to walls, plans new models and new AI featuresAt CES 2023 a startup hardware company called Displace launched the 55-inch ‘Display Flex’, a “wireless” $3,000 4K OLED TV which sticks to walls without a traditional mounting.
To begin with, the new ‘Display Mini’ will be a smaller 27 inch TV and designed for a kitchen or bathroom space.
The Displace devices will also have a Thermal camera built-in that has potential health applications (like reading your body heat maps to detect inflammation etc.
While most consumers are fine with a traditional TV setup, it’s businesses that need to be able to mount a TV on a wall, or even a window, as Displace is capable of doing.
And should that fail, the screen will gradually lower itself using a zipline – like a spider walking down a web – from the wall.
After a few years of funding frenzy, autonomous driving companies in China are experiencing a slowdown in investment.
Haomo.ai, an autonomous driving startup backed by Chinese automaker Great Wall Motor, has raised 100 million yuan, or $14 million, from a fresh round of funding, it said today.
Four-year-old Haomo has raised over $200 million worth of equity funding, according to startup database ITJuzi, and all of that money was denominated in Chinese yuan.
Chinese food delivery giant Meituan and Qualcomm Ventures, the corporate venture arm of Qualcomm, are among Haomo’s past investors.
Haomo is competing with a rank of Chinese AV upstarts that raised money from Western VCs and, such as Pony.ai, WeRide, Momenta, Deeproute.
Remember Ballie, Samsung’s spherical home robot from CES 2020?
I sure didn’t — until Samsung brought it back at this year’s keynote with a few on-trend AI upgrades.
The new and improved Ballie, which Samsung previewed during its press conference at CES 2024 in Las Vegas today, is around the size of a bowling ball, packing a battery that’s designed to last two to three hours.
In the latter case, Ballie will respond with the aid of a chatbot to confirm requests before taking action.
“With its built-in front [and] rear camera, [Ballie] can detect and analyze its surroundings and learn recurring user patterns,” Samsung continues in the press release.
