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
Category: Tech news
hacking,system security,protection against hackers,tech-news,gadgets,gaming
Teen Social Network Let Raises $600K
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
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
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
Investors Say Logistics Companies Are In For The Long Haul
In a world where consumers are increasingly expecting frictionless, tech-enabled services, snail mail is just not cutting it.
Just about anything can be ordered from a smartphone, but shipping it across the country takes days and often costs a small fortune. Read More
Intel Reports Better-Than-Expected Q3 Revenue Of $14.55B On Strength Of Recovering PC Market
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
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
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
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 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
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
The August Smart Lock Works Like Magic—When It Works

Keys are unacceptable in 2014; this is the problem August means to solve. It’s a lock for people who are awakened to the truth that keys are antiquated pieces of metal stupidity.
The post The August Smart Lock Works Like Magic—When It Works appeared first on WIRED.
Pocketful of Miracles

Sony latest version of the RX100 takes one of the best pocket cameras in the world and makes it even better.
The post Pocketful of Miracles appeared first on WIRED.
The Mustang Finally Grows Up, But It’s Still a Hoodlum at Heart

This car signals the Mustang’s shift into maturity, but it still knows how to have fun.
The post The Mustang Finally Grows Up, But It’s Still a Hoodlum at Heart appeared first on WIRED.
SoundCloud Posted A $29M Loss In 2013 On Revenues Of $14M
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