I was wondering why it took them so long, but San Francisco’s cabbies are now shouting out against Uber, the upstart private taxi service, by claiming it’s engaging in “unfair competition”. TNW is reporting on a class-action complaint filed by SF cabbies claiming Uber is practicing “unfair business competition and for violating California Statutory and city regulatory mandates.” Uber, which is facing similar lawsuits wherever it rolls out service (esp. in New York and Chicago), responded with this statement, “Uber complies with all laws and regulations applicable to its business. Any claim to the contrary is baseless and motivated by those who seek to deprive the public of this safe and convenient transportation option. Uber would rather compete for business on the streets of San Francisco than in the courtroom, but Uber will defend these claims in court and is confident of the outcome.”
Uber is not having a hard time capturing funding, with over $50 million so far coming its way from Tech’s most prominent VCs. We’ll see how this plays out in the courts. Looks like Uber will need to stash some of that venture cash for lawyering up — fighting cabbies won’t be pretty.
The social business workflow is based on people being able to connect, communicate and share information more efficiently. Collaboration platforms such as Jive, Salesforce.com, and others have not been flexible enough to properly support the rapid transformation to mobile that is occurring in the workforce.
But there are some bright lights on the horizon. At its annual gathering in Las Vegas this month, Jive introduced an extension to their social business platform called Jive Present.
Jive states that “…it’s become a business imperative that teams have an easy, intuitive and controlled way to receive information and leverage social tools to interact with the right content and people. With Jive Present, organizations now have a powerful tool accessible anytime and anywhere.”
Since mobile devices, especially tablets, are entering the business workflow faster than any technology device ever, it’s imperative that companies keep their mobile workers connected to their internal networks. One of the biggest challenges that CIOs face is ensuring that their mobile workforce can seamlessly access important data while keeping that data secure.
By extending their platform beyond the desktop companies like Jive will offer more relevant solutions for collaborating. It’s about time that the burgeoning mobile workforce has the ability to collaborate regardless of their location.
Oh man, where has the time gone? We’re already in the middle of August and one of the things that perhaps may have slipped some minds is that it’s already been three months since the largest tech IPO in history happened (albeit to some dismal fanfare). Since that fateful IPO by Facebook in June, not much has gone well for the company. First the company saw their stock IPO at the high of $48 per share, but ultimately it’s slipped by 40% over the past several months. Their first quarterly earnings report didn’t help them as much and the market let them know it. Sure, the company made $1.8 billion in revenue, an increase from $895 million, but according to the New York Times, not much more confidence was given moving forward. The market has continually punished the company over and over again with Facebook’s CFO, David Ebersman, saying that even he’s disappointed in how the stock was traded.
But the next test that lies ahead of Facebook isn’t their next quarterly earnings report, but rather the expiration of the requirement that prevents some shareholders from selling their stock in Facebook. By law, when a company hits the market, its insiders or those holding majority stakes are forbidden to sell any of their shares and an IPO lock-up is usually done so that the market is not flooded with too much supply of a company’s stock too quickly. Once the lock-up period ends, most trading restrictions are removed. According to the Hindu Business Times, this “lock-up” period is set to expire soon–the New York Times says it’s happening this Thursday. What happens after that? Well it seems some select shareholders will be allowed to finally sell their shares in the company. And what happens after that remains a mystery…it might be a sign of further bad news for the social network.
The world of mobile payments just got turned upside down. I think every startup has been wishing for this news to happen to them–it’s quite frankly a game-changer and can potentially put a lot of people out of business or at least rethinking their strategy. Okay, so what is everyone talking about right now? Probably that coffee giant, Starbucks, has just placed their bets on mobile payment service Square–so much so, that they’ve announced they’re going to invest $25 million in the startup’s latest round of funding.
Square has been in the news quite a bit lately and pretty much has become the media darling that everyone is talking about and wants to use. From recently announcing that they’ve processed over $6 billion in payments annually to securing deals with name brands like Staples, Target, Walgreens, and FedEx Office stores to distribute those iconic credit card readers, this mobile payment company has really hit the ground running hard and has become quite synonymous with pay-by-phone.
The world of business has just drastically changed and one of the most established enterprise companies in the world just gained one of the most liberal and rebellious to have ever emerged onto the social scene in the past decade. Ever since Yammer, a well-funded social collaboration company, first came on the scene after taking the top prize at TechCrunch 50 in 2008, there has been a shift in the business paradigm. And now, on the heels of their recent announcement of Yammer’s acquisition by global software giant, Microsoft, this popular startup is poised to achieve even greater success and help disrupt the way people are doing business.
Perhaps commonly known in its beginnings as the “Twitter for Enterprise”, Yammer has come a long way in its short four year history to become the de facto service for millions of customers, many of whom are represented in companies that make up the Fortune 500 group. Under the terms of the acquisition, Microsoft will purchase the social business company for $1.2 billion in cash and will join the Microsoft Office Division, which is led by the division president, Kurt DelBene. When asked why they purchased Yammer, Microsoft CEO, Steve Ballmer, responded with “The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love.” It seems that the software giant saw some great potential that Yammer had versus what they could have possibly mustered using their own social enterprise software called Sharepoint. We’ll explore that a little bit later on, but suffice it to say, according to the announcement, Yammer won’t be integrated into the collective of software right away:
Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer’s adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.