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
Where are our petabyte drives? Brian Hayes takes us through the reasons storage is “stuck” in the low terabytes. The tl;dr is that we got such exceptional capacity growth in the late 90s and early 00s we don’t need much more right now, so the focus since then has been on SSDs, networking, interfaces, etc, […]
Amélie Lamont, a former staffer at website-hosting startup Squarespace, writes that she often found herself disregarded and disrespected by her colleagues. One comment in particular, though, set her reeling — and came to exemplify her experiences there.
In this episode of the Flash Forward podcast we travel to a future where humans have decided to eradicate the most dangerous animal on the planet: mosquitos. How would we do it? Is it even possible? And what are the consequences? Flash Forward: RSS | iTunes | Twitter | Facebook | Web | Patreon We […]
Some truths are universal. For one, your phone will always run out of power when you most need it. For another, the charging cords that come packaged with your Apple device will fray, split, and rip faster than Usain Bolt in a game of tag.Instead, pick up a charging cord that anyone would have a tough […]
Some people say magic tricks are nerdy and best left to your 12-year-old asthmatic cousin. But others see value in perfecting the slight of hand and showmanship associated with a perfectly executed routine. We’re firmly in the latter camp. And now, we’re giving you the ability to put a few parlor tricks up your sleeve with the Penguin […]
Bluetooth speakers may be convenient to use, but many of them just aren’t that powerful. Sure, it may be fine if you’re seated in front of the speaker. But move across the room, and you may strain to hear what’s coming from those tiny drivers.There’s a reason why the G-BOOM Wireless Bluetooth Boombox (now $79.99 in the Boing […]