over-the-course
Yahoo shuffles the deck with new CTO
October 18, 2011 by publisher · Leave a Comment
Yahoo executive Raymie Stata has stepped down from his role as chief technology officer, and moves into a newly created position – entrepreneur in residence. He will be replaced by Ash Munshi. Over the course of his career at Yahoo , Strata has been credited with the firm’s cloud computing technology, as well as overseeing search and advertising technologies. The move marks the latest management shift for the struggling Silicon media giant, which also said goodbye to CEO Carol Bartz in September. Yahoo told All Things D in a statement : “Raymie Stata, CTO, has taken on a newly created role of EIR at Yahoo to allow him to return to his entrepreneurial roots
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Yahoo shuffles the deck with new CTO
over-the-course
Blogger haven Tumblr takes in $85m investment
September 25, 2011 by publisher · Leave a Comment
Tumblr is the latest social outlet to see a surge in spending cash, as venture capitalists – including Sir Richard Branson – poured $85 million into the start-up. First reported by the New York Times and subsequently confirmed by the company itself, Tumblr found the financing through Greylock Partners, Insight Venture Partners, the Chernin Group, Spark Capital, Union Square Ventures and Sequoia Capital in addition to Branson. “This additional capital allows us to continue to scale our business and give real focus to the further development of Tumblr,” chief executive and founder David Karp said in an email. Tumblr launched just under five years ago as a more social alternative to traditional blogging services. Incorporating features such as simple ‘reblogging’ – similar to retweeting, only on a larger scale – the site has grown to become a powerhouse in the social media sphere. A report published by Nielsen earlier this month confirmed the surge of the social standout, saying it had nearly tripled its number of unique US visitors in just one year – and purely on word of mouth advertising. The New York-based firm also recently eclipsed 10 billion total posts, based on nearly 30 million unique blogs, and all signs lead to an IPO for the company some time in 2012
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Blogger haven Tumblr takes in $85m investment
