Yahoo is under pressure to merge with AOL as an activist Wall Street fund pushed today for big changes at the Internet advertising giant. The hedge fund, Starboard, wrote a letter to Yahoo's board with a list of demands to reinvigorate the business.
Despite nagging questions about its legitimacy and its future, the hot car service/tech startup Uber just raised $1.2 billion.
So much for a smooth flight: Twitter’s public debut hit some turbulence on day two. The much-hyped Wall Street offering started Thursday, after Twitter lined up investors to sell 70 million shares at $26 a piece. Shares jumped in the opening minutes of trading to as high as $50, but that was as good as it gets.
PubMatic raised $45 million in its latest funding round. The supply-side platform’s co-founder and CEO Rajeev Goel said the new investment “adds heft to the balance sheet” as the company eyes acquisitions in the mobile, video, data and brand control sectors that will build out its position in relation to competitors like Rubicon Project.