By Heather Somerville SAN FRANCISCO (Reuters) – AppDynamics, a maker of software to manage and analyze applications, has raised $158 million, evidence that some highly valued companies are still garnering investor support despite a pullback in late-stage venture capital. The new funding round, announced by the company on Monday, puts AppDynamics’ total financing at $315 million since its founding in 2008
Read moreBy Julia Fioretti , Brussels (Reuters) – – The European Commission will launch a study in September of the ride-hailing app Uber in an effort to settle legal disputes that have pitched the U.S.
Read moreYelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter that was far below expectations. As of Tuesday's close, Yelp – now valued at about $1.8 billion – had already lost 39 percent of its value this year. Unless Yelp can come up with a strategy to boost its financial performance, the San Francisco-based company should consider selling itself, several analysts said.
Read moreBy Piya Sinha-Roy BEVERLY HILLS, Calif. (Reuters) – A glass of wine at his side, Actor Tituss Burgess says he is used to fans serenading him with his catchy “Pinot Noir” song from Netflix's hit comedy “Unbreakable Kimmy Schmidt.” After honing his acting in theater, Burgess, 36, stepped into the television spotlight with Tina Fey and Robert Carlock's “Kimmy Schmidt,” securing a supporting actor Emmy nomination for playing eccentric roommate Titus Andromedon to Kimmy, a former 'mole woman' trying to carve a New York life
Read more(Reuters) – Shutterfly Inc reported a 15.5 percent rise in quarterly revenue as more customers used its personalized photo-based products and services. The company’s net loss narrowed to $23.8 million, or 63 cents per share, in the second quarter ended June 30 from $27.1 million, or 70 cents per share, a year earlier. Net revenue rose to $183.9 million from $159.1 million.
Read moreA California man has sued Uber Technologies Inc and its Chief Executive Officer Travis Kalanick, claiming they stole his idea for a cellphone-based car hailing service. Kevin Halpern sued Uber, Kalanick and several early investors in the company in San Francisco Superior Court on Thursday, accusing them of misappropriation of trade secrets and breach of contract
Read moreBy Devika Krishna Kumar (Reuters) – “Farmville” creator Zynga Inc reported higher-than-expected bookings as titles such as “Words With Friends” attracted more gamers, and the company announced the elimination of another 364 jobs as it tries to turn around its business.
Read more(Reuters) – Travel review website operator TripAdvisor Inc reported a 29.2 percent rise in quarterly revenue as it earned more from click-based advertising and display ads. Shares of the company, which owns websites such as tripadvisor.com and oyster.com, rose about 5.8 percent to $81.30 in extended trading on Wednesday. Revenue from click-based advertising rose 20 percent to $249 million in the first quarter ended March 31 from a year earlier and accounted for 69 percent of total revenue, the company said
Read moreBy Jussi Rosendahl HELSINKI (Reuters) – Finnish mobile game maker Supercell tripled sales and doubled core profit last year on the back of hit titles Clash of Clans, Hay Day and Boom Beach, the company said on Tuesday. Chief Executive Ilkka Paananen said in the statement that the rapid growth was thanks to users’ increased play of the company’s existing games, which it updates regularly with extended story lines and features. Supercell has managed so far to avoid the fate of San Francisco-based Zynga and Finnish rival Rovio, which have both struggled to extend their franchises beyond initial hugely popular game titles
Read moreThe founder of financial services price comparison firm Moneysupermarket.com intends to sell up to 6.4 percent of the company’s issued share capital, reducing his stake to about 10 percent. The sale of around 35 million shares in a placing could earn Simon Nixon, who founded the company in 1993, about 100 million pounds ($148.74 million), based on Moneysupermarket’s closing share price of 286 pence on Tuesday.
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