News Byte

Flipboard to Close Additional $50 Million Investment Tomorrow

Flipboard, which recently raised $50 million in new funding in a round led by Rizvi Traverse Management and Goldman Sachs, will file information about an additional $50 million investment from Rizvi tomorrow, said sources. The expansion of its Series C funding means that Flipboard will have raised about $160 million in total, and puts the valuation of the Silicon Valley startup that makes the popular social reading service that has 100 million active users at $800 million. The possibility of extra funding was first reported by Fortune’s Dan Primack.

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Twitter Shares Draw Lukewarm Ratings From Underwriters

The underwriters for Twitter Inc.’s initial public offering aren’t chirping about prospects for gains in the stock.

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Snapchat CEO Says 70 Percent of Users Are Women

Roughly 70 percent of Snapchat users are women, the chief executive of the messaging app said at a closed-door Goldman Sachs conference Wednesday.

Nutanix Teams With RiceHadleyGates on Global Expansion Push

Growing international business is tricky.
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Square Exploring 2014 IPO With Banks

Goldman Sachs and Morgan Stanley are among the banks in the mix.

As Starbucks Chief Howard Schultz Departs Square’s Board, Former Goldman Sachs CFO Joins

The departure and the new addition each raise their own set of questions.
Howard Schultz headshot

Longtime Online Exec Tina Sharkey Joins Sherpa Foundry as CEO

An inside/outside exec will lead an effort to get corporations to think more like startups — or get out of the way. (From someone who knows: Good luck with that!)
Umpqua Bank- San Francisco

You Might Be Able to Pay for HBO Without Paying for Cable. But You’re Still Going to Pay the Cable Guy.

You can’t call it cord-cutting. Maybe cord-cutting light?
Jeff Bewkes

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Twitter Adds J.P. Morgan and Morgan Stanley as Bankers on IPO

Twitter Inc. has tapped two more banks, J.P. Morgan Chase & Co. and Morgan Stanley, to help lead its coming initial public offering, said people familiar with the matter.

Ahead of July Filing, Twitter IPO Designed as “Less Anti-Facebook Than Anti-Old-Twitter”

The bird has grown up and is finally ready to fly on its own.
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