John Paczkowski

Recent Posts by John Paczkowski

Xoom Files for $50 Million IPO

Xoom_S1After months of speculation, Xoom has finally filed to go public. On Friday, the online money transfer company filed its S-1 with the U.S. Securities and Exchange Commission, announcing plans to list its shares on Nasdaq under the ticker “XOOM” in an IPO to be made through Barclays, Needham & Company, Raymond James and Baird. The raise in the initial public offering for now? It’s $50 million. That could change; as yet, there is no valuation listed in the S-1.

A big step for Xoom and its investors — which include venture capital firms Sequoia Capital, New Enterprise Associates and Agilus Ventures — but one for which the San Francisco-based company seems well poised. Its revenue grew 68 percent in the first nine months of 2012, to $57.8 million. And it estimates revenue to be in the range of $21.9 million to $22.4 million for the three months ended December 31, 2012 — a nice bump over the $15.6 million it generated during the same period in 2011.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik