Open Source

Austin’s RetailMeNot beats the Street, and its stock soars

Shares of online coupon company RetailMeNot soared on Tuesday after the company beat Wall Street expectations in the fourth quarter. RetailMeNot reported fourth-quarter net income of $2.4 million. On a per-share basis, the company posted a profit...

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Rackspace nixes plans to move to ACC Highland campus on former Highland mall site

San Antonio-based Rackspace has nixed plans to move more than 500 employees into Austin Community College’s Highland campus, formerly the Highland Mall site in North Austin. Rackspace — a cloud hosting company — had announced plans to open its offices...

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Open Source

Tech Crawl: Twitter shares plunge 10 percent after a brutal quarterly report. Plus, Facebook is closing hundreds of Oculus VR pop-ups, and a new VC firm is targeting cyber-security startups.

Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here’s what’s happening: Twitter shares crater as growth slows to a crawl Forget the “Trump bump.” Twitter shares sank Thursday after the social media...

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Open Source

Rackspace cutting 6 percent of its U.S. workforce and more overseas

Rackspace Hosting, which was acquired three months ago by a New York private equity firm, will cut six percent of its U.S. workforce, the company said Tuesday. The layoffs will affect at least 275 employees of its more than 4,600 U.S. employees...

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Open Source

Austin-based uShip gets a new leader

As it ramps up for more growth, Austin online shipping company uShip has named a new leader. The company said Wednesday that enterprise software veteran Mike Williams has joined uShip as CEO and board member. Williams was previously general manager...

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Austin-based digital ad agency OwnLocal continues growth with acquisition

Digital advertising agency OwnLocal is growing by making another acquisition. The Austin company said it is buying a Florida-based digital service provider to the newspaper industry for an undisclosed price. Print2Web, founded in 2001 in St. Petersburg...

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Trump travel and visa policies prompt concern, reassuring memos from Austin tech executives

On the heels of President Donald Trump’s temporary travel ban issued last week, thousands of employees at Austin-based National Instruments received an internal memo Monday afternoon. It said the company was working with employees impacted by the...

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Open Source

Tech Crawl: Tech giants unite with a letter opposing Trump travel ban. Plus, could Facebook’s “Discover People” be the new Tinder?

Good morning, Austin! We scrolled the internet to bring you the latest in tech news. Here’s what’s happening: Tech giants plan united stand against Trump’s immigration ban Microsoft, Facebook, Google, Apple and Amazon.com are drafting an open letter...

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Austin’s Cirrus Logic beats Wall Street expectations in the third quarter, but shares slide

Cirrus Logic beat Wall Street expectations in its fiscal third quarter, but shares of the chipmaker fell more than 8 percent in after-hours trading. Earnings were announced after markets closed. Shares of the Austin-based company slid 8.69 percent...

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Open Source

Austin losing tech leader Laura Kilcrease to Canada

Laura Kilcrease, an Austin tech leader and mentor to entrepreneurs over the past three decades, is leaving Texas for a job in Canada. Kilcrease has been named CEO of the Alberta Innovates Corp., which provides government funding for research in sectors...

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