Former Motionloft CEO Jon Mills Pleads Guilty To Two Counts Of Wire Fraud

miguel Motionloft founder and former CEO Jon Mills has pleaded guilty to two counts of wire fraud, according to the U.S. Attorney’s Office for the Northern District of California. In doing so, Mills has admitted to spending $765,000 of investors’ money while telling them the company was about to be acquired.
As we reported last year, Mills solicited funds from a number of friends and… Read More

Teen Social Network Let Raises $600K

let-homepage Let, a teen social networking app with a focus on gamification, is announcing that it has raised $600,000 in seed funding. That’s not a huge amount of money, but the funding is interesting in the context of Let’s history. When I first met founder Pascal Lorne a few months ago, he told me that when when he launched the Let app in fall 2013, it wasn’t reaching the right… Read More

Hailo Says There Won’t Be Any Licensing Deal For Toronto, New Focus Will Be On Growth In Asia

Hailo-Exec-Team Earlier today, Hailo revealed that it would be closing its North American operations. The closure announcement from Hailo included its operations in Chicago, New York, Boston, Washington D.C., Montreal and Toronto, but Hailo North America President and Toronto office lead Justin Raymond told TechCrunch that in the Canadian market, it would seek a licensing deal and keep the doors open. Hailo… Read More

Snapchat Reminds Us That Users Are To Blame For Photo Leaks

snapchatshades In response to the most recent Snapchat leak —now called “The Snappening” in homage to the recent leak of celebrity nudes — a statement has been posted on the company blog regarding the unlawful use of its unofficial API. And in classic Snapchat fashion, the company is taking almost zero responsibility. Last week, a third-party application called Snapsaved that uses… Read More

Intel Reports Better-Than-Expected Q3 Revenue Of $14.55B On Strength Of Recovering PC Market

Screen Shot 2014-10-14 at 12.48.41 PM Following the bell, Intel reported its third quarter financial performance, including revenue of $14.55 billion and earnings per share of $0.66. Analysts and the street had expected that Intel would earn $0.65 per share on total top line of $14.45 billion.
In its sequentially preceding quarter, Intel earned $0.55 per share on revenue of $13.8 billion.
The company’s revenue rose $1.1… Read More

Tune Into TechCrunch Radio On Sirius XM 102 Indie Tonight

techcrunch-radio1 Tonight, John Biggs and I head uptown to the Sirius XM headquarters once again for the live airing of our latest media venture, TechCrunch Radio on Sirius XM.
We’ll be live for an hour discussing the latest trends and topics in tech news, and then we’ll be joined by FirstMark Capital partner Amish Jani as we dig into our weekly TC Radio Pitch-Off. Read More

How Product Hunt Hopes To Avoid The Pitfalls That Wounded Quora And Buried Digg

producthunt-pitfall1 When Ashwinn Krishnaswamy and two of his buddies were living with their parents and working out of a basement in the suburbs of Philadelphia, they had only their development skills, a solid sense of product design, and a simple idea in their heads. The way friends and peers discuss articles and web pages, they figured, is broken. Despite the rise of Facebook and Twitter and Pinterest, email… Read More

HighQ Takes On The Enterprise Collaboration Space With An Eye Toward Data Sovereignty

Screen Shot 2014-10-14 at 11.43.50 AM London-based HighQ is opening a new data center in Australia, growing its bid to provide locally supported enterprise collaboration and file-sharing products. The company has quickly expanding revenues, and a key offering: If you use HighQ, the U.S. government will likely have a harder time than usual getting its hands on your data than if you use a U.S.-based provider. Read More

Hillary Clinton Urges Community To Close The Tech Gap In Our Own Backyard

Hillary Clinton Hillary Clinton took to the stage at Dreamforce Tuesday to discuss the economic divide around the world and in San Francisco’s own backyard. “We need to make sure the benefits of tech outweigh the pitfalls, and that tech is most evenly distributed,” the potential 2016 Presidential candidate and former Secretary of State told the audience. Clinton rattled off grim statistics… Read More

Welcome To Bag Week 2014

ckvsu8Ob3LSgCCJ_NzNEX4Hg8C92I7vDkCPqE1Q9330 It has been a tradition at TechCrunch to dedicate an entire week (or, in this case, a truncated week) to bags. Big bags. Small bags. Little bags. Tall bags. All bags, (almost) all the time. With that in mind, we present to you Bag Week 2014, our annual celebration of things that hold things.
We understand that you, as a tech professional, love to put your computers into things. Therefore… Read More

SoundCloud Posted A $29M Loss In 2013 On Revenues Of $14M

soundcloudcribs SoundCloud, the popular online music and audio sharing platform, is now exceeding 175 million listeners each month and is on track to reach 200 million. But its rapid growth has seen the company’s costs run away from its revenues. According to recent annual filings for 2013, Soundcloud posted turnover of €11.2 million ($14.1 million) in 2013, up 40% from 2012’s revenues… Read More