Weekly Roundup: AppDynamics sells to Cisco ahead of IPO, CZI buys Meta
This week sawnumerous acquisitions, threemajor tech lawsuits andgovernment agencies going rogue on Twitter. These are the biggest stories to catch you up on this weeks tech news.
1.AppDynamics, which helps companies monitor application performance, was supposed to go public this week. But the IPO was called off in favor of a giant $3.7 billion acquisition fromCisco. The IPO would have valued AppDynamics at around$2 billion.While the acquisition was part of Ciscos long-term focus on cloud software, at its core, the deal was actually a data play.
2.Mark Zuckerberg and Priscilla Chans $45 billion philanthropy organization made its first acquisition. The Chan Zuckerberg Initiative bought up Meta, an AI-powered research search engine.Metas AI recognizes authors and citations between papers so it can surface the most important research instead of just what has the best SEO. It also provides free full-text access to 18,000 journals and literature sources.
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3.DonaldTrump finished his first week as the president of the United States. Minutes after the inauguration, pages related to LGBT rights and all mentions of climate change were removed from the WhiteHouse.gov site. He signed an executive order that could jeopardize a six-month-olddatatransfer framework enabling EU citizens personal data to flowto the U.S. for processing.
4.President Trumps Twitter presence is like none other, but hisbehavioron the social network may proveriskier than initially expected. In addition to the unsecured Android phone he is still reportedly using to access his account, the typos, defamation and informal management of @realDonaldTrump make him an even larger target for hackers.
5.The current administrations efforts to censorscience have already begun. Aday after Trumps inauguration, the National Park Service retweeted pictures of the crowd size at the event. This didnt sit well with Trump, who reportedly demanded that all National Park bureaus stop tweeting altogether.
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6.Apple doesnt do lawsuits lightly. Hot on the heels of a billion-dollar royalty suit against Qualcomm in the U.S.,its taking the San Diego-based chipmaker to intellectual property court in Beijing.
7.The lawsuit threatening the futureof Facebooks Oculus VR may have just gotten a lot more expensive. The caseclaims that Oculus VR stole core VR techfrom a ZeniMax Media subsidiary. ZeniMax Mediaasked the jury to rule against Oculus VRand award $2 billion in compensation, as well asanother $2 billion in punitive damages.
8.Tesla has sued the former director of its Autopilot programs, Sterling Anderson.The suit alleges thatAnderson tried to poach employees with the intent of starting his own autonomous driving company called Aurora, and of stealing proprietary information from Tesla.
9.Airbnb may be about to acquire payments startup Tilt.The move makes sense, given Airbnbs recent expansion into experiences. Acquiring Tilt would give Airbnb a leg upin the payments space, specifically payments around social gatherings and events.
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10.Alphabet reported mixed earnings for its fourth quarter, and its clear that the companys bets like Play, Google Cloud and its hardware divisionbeyond search are paying off. Microsoft also revealed financials. The companys growth was led by its Office and cloud segments, which the company is betting onto fuel growth in the future. Verizon (which owns AOL which owns TechCrunch) fell short of analyst expectations and PayPal continued to see strong revenue growth through its Q4.
11.Facebook launched yet another Snapchat clone called Facebook Stories in Ireland on iOS and Android, with plans to bring it to more countries in the coming months. The feature will sit right above the News Feed. The big question here is how Facebook will display this on desktop.