When Box announced its IPO filing, it was immediately noted that the money it's looking to raise is about what it recorded as a loss. » Read More
In a Supreme Court filing, the Justice Department backed broadcast networks in their fight against online video streaming start-up Aereo.
Justice Department lawyers argued in Monday's filing that Aereo's broadcast television streaming service infringes on broadcasters' copyrights and asked the court to reverse a lower court's decision in favor of the start-up.
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Dropbox has raised $350 million in a new funding round, bringing the company's total value to $10 billion, according to a Wall Street Journal report.
The online storage company raised $325 million from its investors and has the option to add $125 million, according to a filing with the Securities and Exchange Commission on Monday.
According to the Journal, Dropbox has included $25 million extra to bring the total to $350 million but does not plan on adding more.
Dropbox will use the funds to expand its international business, it said.
Facebook founder and CEO Mark Zuckerberg said Monday that WhatsApp fits perfectly with his goal of connecting the world and that the messaging platform was worth what his company is paying for it—and then some.
Last week's $19 billion deal for WhatsApp was Facebook's largest yet—dwarfing the $1 billion it paid for Instagram.
To some, the move was not a wise one.
"This is crazy money," Rob Enderle, principal analyst at Enderle Group, told CNBC at the time. "I think they massively overpaid. ... They've done it because they are desperate."
(Read more: Why Facebook valued WhatsApp at $16 billion)
Zuckerberg defended the move in his keynote speech to the Mobile World Congress in Barcelona.
"Already almost half a billion people love using WhatsApp for messaging, and it's the most engaging app that we have ever seen exist on mobile by far," he said. "About 70 percent of people who use WhatsApp use it every day, which kind of blows away everything else that is out there."
Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish startup is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.
Meeting U.S. Securities and Exchange Commission standards for filing financial disclosures is essential for any firm planning to go public and bankers and lawyers said they inferred from the job ad that the company is getting ready for an initial public share offering, possibly next year.
Streaming and on-demand music have soared in popularity alongside smartphone use, though such services have so far struggled to make profits due to the cost of royalty fees.
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