So now the bad news is out. HP will cut about 27,000 jobs over the next two years or so. But CEO Meg Whitman and company are cautiously optimistic about the long haul.
PayPal is hosting a media event next week where it will unveil the next batch of mega-retailers that are adopting the company’s online payment network at the register.
Even though Groupon continues to carry the warning that its financial processes are weak, a handful of analysts upgraded the company to a buy rating today, and investors sent the stock climbing.
Late this evening, PayPal unveiled a multimillion-dollar joint venture with SoftBank, an Internet and telecommunications provider in Japan, to work together on the future of digital payments there.
CrowdFlower, the crowdsourcing platform, is striking out in a new direction under the leadership of co-founder Lukas Biewald, who recently took back the CEO role from a hired executive.