Group 4

Onavo, gatekeeper of “the good stuff”

On Monday October 14th Facebook announced its acquisition of Onava, a junior technology start-up based out of Israel that offers a variety of analytical and data compression technologies. The small company, a group of forty employees based out of Tel Aliv, specifically negotiated that their Israeli office remain intact (as a rule, previous Zuckerburg acquisitions folded the employees into corporate headquarters), giving Facebook its first foothold in Israel. The approximately $120 million deal primarily targeted the company’s “revolutionary” data compression algorithms, which promise data consumption savings of up to 80 percent – critical savings for Facebook’s data-hungry mobile applications.

Onavo is expected to continue to operate as a stand-alone company, much like Instagram and Parse, two similar start-ups previously swallowed by the Menlo Park corporation. It’s also to serve as a cog in Zuckerberg’s philanthropic Internet.org, interested in disseminating Internet access to the still-unplugged. Mr. Rosen, co-founder and chief executive of Onavo, states that ‘‘We’re excited to join their team and hope to play a critical role in reaching one of Internet.org’s most significant goals — using data more efficiently, so that more people around the world can connect and share…when the transaction closes, we plan to continue running the Onavo mobile utility apps as a stand-alone brand.’’

As posted in The New York Times blog.

https://blogs.baruch.cuny.edu/lc22nytimesgroup4/wp-admin/post-new.php The gap between jobs in computer science and the available students studying computer science in America will continue to grow rapidly if no action is taken. (http://code.org/stats)

On October 14^th, 2013 four tech giants, Amazon, Google, Microsoft, and Apple, put aside their difference to support a new initiative known as the “Hour of Code.” The plan is to promote computer programming among K-12 students through the use of code.org. This relatively new nonprofit organization, now with the support of tech giants, offers free ways to learn programming. The guiding idea is that technology is so pervasive in the world that it becomes imperative to understand how it functions on some level. The goal is to one day make computer programming a staple in the American educational system.

The now iconic Twitter branding.

Following in the trend of tech giant’s IPO’s in the past few years, including Facebook and Linkedin, Twitter is next on the docket. Twitter has planned its IPO for 2013 and has left many other specifications un-clarified since. On Tuesday October 15^th Twitter announced that is has chosen the NYSE as its listing over NASDAQ a choice that not many technology based companies have done in the past.

Following the Facebook IPO the NASDAQ suffered major technical issues and lead to court filing against the exchange. Attempting to avoid these issues Twitter plans to follow similar in suit to Linkedin the last large tech company to IPO.

Twitter plans to price its IPO on November 14^th and begin selling shares the next morning.

 Original Article: http://dealbook.nytimes.com/2013/10/15/twitter-picks-n-y-s-e-for-its-stock-listing/?_r=0

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