10 Things In Tech You Need To Know Today
Sep 8, 2014, 15:53 IST
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- Apple added a big name in design to its staff: Marc Newson. Newson is good friends with Apple's head of design, Jony Ive. Newson's role at Apple is unclear. He will still work on outside projects.
- Alibaba set its initial IPO price range at $60-$66, which suggests it will raise $21 billion in the offering.
- At that price, the core business of Yahoo, which owns a significant stake in Alibaba, would get an $11 billion valuation by investors. Previously, people thought the core Yahoo business was valued at $0.
- The New York Times has a massive profile of Jack Ma, the founder of Alibaba, who has tight control over the company.
- The iWatch, which will be announced on Tuesday, will have its own App Store, and some developers have been given a sneak people of the iWatch so they can start making apps.
- Reddit shut down the thread on its site that was hosting the stolen images of nude celebrities. This is unusual since Reddit is usually filled with all sorts of offensive content that doesn't get censored.
- CenturyLink, a land-line company, is reportedly interested in buying Rackspace.
- E-commerce site The Fancy is trying to sell itself for $1 billion.
- Dave Morin, CEO and founder of Path, which is a smaller, more limited social network says of his attempt at a new type of network: "Did the experiment fail? Maybe." Path is trying out different apps now.
- If you're more into listening to the news than reading it ... try out our new podcast where we preview everything that we expect from Apple tomorrow.