Apple has agreed to pay $2.25 million (which isn’t all that much for a company with a market cap in the hundreds of billions of dollars) in Australia for its earlier advertisements touting the iPad’s 4G functionality.
Yogurt maker Chobani has announced that it received a $750 million loan from private equity firm TPG. While TPG did do the transaction as a loan, sources say the firm also received warrants that could allow it to obtain an equity stake in the company. [Source: DealBook]
Another tidbit to come out of Facebook’s earnings today is the fact that its monthly active usership for both web and mobile is booming. It reported having 1.28 billion monthly active users and over 1 billion monthly active mobile users. [Source: The Verge]
Apple announced today that Chief Financial Officer David Ebersman will be leaving the company in September. He will be replaced by David Wehner, currently the company’s vice president of corporate finance. Ebersman said he is returning to the healthcare sector, where he worked before Apple.
The Buffalo Bills have agreed to pay $3 million to fans who were part of its text alert service, after it sent more texts (about 13 a week) than the terms of service had said would be sent (it promised no more than 5). The reimbursement will be issued in the form of debit cards. [Source: CNET]
Earlier today it was revealed that Etsy acquired the gadget marketplace Grand St. Re/code is now reporting that the deal, which was a mix of cash and Etsy stock, valued the Grand St. company at something less than $10 million. [Source: Re/code]
Apple today released its quarterly earnings, stating that it sold 43.7 million iPhones in its second quarter of fiscal 2014. In terms of year-over-year growth the company says that iPhone sales grew 16.8 percent, but iPad sales dropped 16.4 percent. [Source: TechCrunch]
Handmade marketplace company Etsy has acquired Grand St., a company that had been billed as “the Etsy of electronics.” Conditions of the deal have yet to be finalized. Grand St. had raised $1.3 million in seed funding.
A Federal District Court judge granted Gawker’s motion to dismiss in case stemming from the news site’s linking to leaked copies of Quentin Tarantino’s latest screenplay, The Hateful Eight, in January. The judge concluded that Tarantino didn’t demonstrate that Gawker’s linking to the anonymously posted script “either caused, induced or materially contributed to the alleged direct infringement” of Tarantino’s copyright. The auteur has until May 1 to amend his complaint.
Ada Initiative, a non-profit that promotes women in open tech, has announced it will suspend its partnership with Github. The code hosting and collaboration platform had formerly sponsored Ada conferences and provided a free private code repository to women learning to code. The wind-down of the partnership arises out of Github’s handling of gender-based harassment and intimidation earlier this week. From Ada’s website: “these events make it impossible for Ada Initiative to partner with Github at this time.”
Today Google is rolling out a Street View feature that allows users access to imagery gathered as far back as 2007, displayed as an interactive timeline. “This new feature can also serve as a digital timeline of recent history, like the reconstruction after the devastating 2011 earthquake and tsunami in Onagawa, Japan,” says Street View product manager Vinay Shet.