Photo illustration: Xeni Jardin
Automattic, the company that makes WordPress, announced today that they have raised $160 million– more than ten times their total investment in their decade-old company. This is their first capital injection in six years, somewhat of a surprise for a company that only recently stated it was healthy and making profit. The purpose of raising this money is to accelerate growth, a pretty common reason to pile money on yourself.
Two things are interesting about this: First, that Automattic can raise this kind of money at this stage in the game, and second that they might actually have to. With companies like Tumblr and Facebook focused on blogging-related activities and supplied with nearly endless war chests, it's nice to see that open-source WordPress can still have a fighting chance. How they'll manage that absurd amount of money has yet to be seen.
New Funding for Automattic on Matt Mullenweg's blog
You’d be forgiven for thinking the videocassette format long-dead, but it turns out that Betamax is still around. Sony is finally going to withdraw tapes from sale, bringing a 40-year story to an end. The last recorders were sold in 2002. ベータビデオカセットおよびマイクロMVカセットテープ出荷終了のお知らせ [Sony; via The Verge]
A leaked Comcast memo discloses that the company’s consumer data caps have nothing to do with network congestion, contrary to its public claims. The internet service provider has often complained (such as when lobbying against net neutrality) that it must impose limits on service to prevent network congestion. The argument suggests that these measures are […]
LA Makerspace co-founder Tara Tiger Brown shares a project that her kid-friendly maker workshop is trying to make a reality.
The Micro Drone 2.0+ is truly in a league of its own, offering a new perspective on aerial photography, and a world of technological capabilities that make flying ridiculously fun. Simply throw it in the air at any angle and its self-correcting algorithm will stabilize for smooth sailing in no time. You’ll stay entertained with […]
Celebrate Cyber Monday with some brain food. Save on any eLearning deal in the Boing Boing Store today using coupon code: CYBERMONDAY25. Below are a couple of our favorite eLearning offers: eduCBA Tech Training Bundle: Lifetime Subscription:Welcome to your personal online classroom, where you can finally study at your own pace, on your own time (and […]
This minimalist multi-tool will see to it that instead of rocking a tool belt, you’ll carry just one. It’s shaped slightly like a key and weighs less than an ounce, so it plays nice with your keychain. The strong surgical-grade stainless steel blade will last, and is handy for everyday tasks like opening boxes and […]