Rackspace to go private after $4.3B acquisition by private equity firm Apollo

rackspace-earnings Rackspace, which is still best known as a hosting company even as it has expanded aggressively into offering services for businesses that use other platforms, went public in 2008. Now, however, it’s going private again after accepting a $4.3 billion offer (or $32 per share) in cash from private equity firm Apollo Global Management. The deal is still subject to regulatory approval and… Read More
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Dropbox is resetting passwords for accounts that haven’t changed them since mid-2012

dropbox-biz1 Dropbox is requiring users that have not changed their passwords since mid-2012 to reset their passwords this afternoon. The action appears to be related to continue fallout over the massive hack on LinkedIn in 2012 where credentials for 117 million accounts were posted online. In recent months, treasure troves of user credentials and passwords — in addition to a large MySpace hack… Read More
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Engagement shoot: Judea + Luis

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[images from Albert Cheung]

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