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Chart: Venture capitalists are once again seeing solid returns (and beating Wall Street)

The high-risk, high-reward game of venture capital appears to be paying dividends again. After a long dry spell in which investors were better off putting money into public stocks, venture capitalists are now beating their public market compatriots. Venture capital fund performance improved in nearly every time period for the quarter ended March 31, with… Read More

T-Mobile CEO John Legere.

T-Mobile posts Q2 profit, surpasses 50M customers

T-Mobile is not only adding millions of customers per quarter, but now the company is back in the green. The Bellevue-based wireless carrier turned a profit of $391 million in the second quarter while adding another 1.5 million customers — its fifth consecutive quarter of subscriber growth. The profit, which follows a $154 million loss in… Read More

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Nordstrom buys men’s clothing service Trunk Club

Nordstrom is buying Chicago-based Trunk Club, a shopping service that helps men find the perfect outfit. Terms of the deal were not disclosed. “What Trunk Club is doing in the personal styling space is a natural extension of our core business,” said Erik Nordstrom, president of Nordstrom Direct, in a press release. “This acquisition is… Read More

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Once foes, now friends: Uber, for-hire drivers team up for ‘Driver Appreciation Day’

Earlier this year, drivers from for-hire companies in Seattle would attend City Council meetings and publicly voice their displeasure with new startups like Uber and Lyft. Now, though, those feelings have appeared to go away. Less than a month after the Seattle City Council passed legislation to legalize transportation network companies (TNCs) like Uber, Lyft, and Sidecar, the… Read More

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How geeks go camping: Drones, lasers and more from ToorCamp 2014

Editor’s Note: Amal Graafstra was one of hundreds of people who attended ToorCamp, a summer camp for geeks earlier this month on the Washington coast. The author of the book RFID Toys and a “double RFID implantee,” Graafstra documents the experience in this guest post. A whole gaggle of hackers, makers, breakers, and shakers gathered on the shores of Neah Bay, on the Washington… Read More

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GeekWork: Great jobs at F5, Zillow, Avalara, and more

F5 Networks is a quiet tech giant, but many of us rely on its infrastructure every day. The company, which helps online services and cloud applications run smoothly, employs over 3,300 people, pulls in $1.5 billion in annual revenue and has a market value of more than $8.6 billion. Despite competition from cloud services, F5 is going strong,… Read More

Google's Brian Goldfarb addresses the audience in Seattle's Fremont neighborhood today.

Google exec: Cloud price wars have only just begun

Google’s cloud team is on a city-by-city roadshow, trying to persuade developers to use Google Cloud Platform to run their apps and online services, leveraging the technology developed by Google to run its own massive cloud services. Today the tour stopped in the backyard of Microsoft and Amazon, with a message: Cloud prices haven’t been dropping quickly enough, and Google is aiming to… Read More

John Stanton

Wireless pioneer John Stanton named to Microsoft board in latest bid by software giant to gain ground in mobile

John Stanton helped transform the mobile industry over the past three decades, serving in executive roles at McCaw Celluar; Western Wireless and VoiceStream Wireless. He’s also the former chairman of Bellevue-based Clearwire. Now the mobile phone pioneer is going to help guide Microsoft as it embarks on a challenging course of catching up to Apple… Read More

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Rob Glaser is officially back as RealNetworks CEO, shedding ‘interim’ title after two years

More than two years after returning as the interim CEO of RealNetworks, founder Rob Glaser was named the company’s permanent chief executive this afternoon — shedding the “interim” title and officially reclaiming the position that he held for more than 15 years. The decision by the RealNetworks board, announced this afternoon, speaks in part to the difficulty… Read More

Kyle Kesterson

Kyle Kesterson relocating to Vegas after raising $350K for Freak’n Genius from Tony Hsieh’s VC fund

Freak’n Genius is moving south. The Seattle animation startup is re-locating to Las Vegas after receiving $350,000 in funding from the VegasTechFund, a seed stage investment group that includes partners like Zappos.com CEO Tony Hsieh. Freak’n Genius founder and CEO Kyle Kesterson will be packing up and moving his company to Sin City, where he’ll… Read More

Robert Scoble signs copies of his book, Age of Context, at an event Tuesday evening in Seattle.

Microsoft should dump Windows Phone, says former Windows evangelist Robert Scoble

You probably know tech pundit Robert Scoble from his experiences as an early adopter of Google Glass. But long before he showered with the high-tech specs, the 49-year-old spent three years as Microsoft’s technology evangelist for Windows. It’s been nearly a decade since he’s worked in Redmond, but Scoble has some simple business advice for his former… Read More

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Microsoft to sell Xbox One in China on September 23 for $600

Microsoft today announced that it will begin selling the Xbox One in China on Sept. 23, giving the company access to a massive gaming market. In partnership with BesTV New Media Co., which will help manufacture the Xbox One in Shanghai’s Free Trade Zone, Microsoft will sell the console for 3,699 yuan (about $600) without the Kinect… Read More

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Amazon: Why $9.99 e-books are better for everyone, including Hachette

Amazon has gone public with new details about its high-profile standoff with book publisher Hachette, confirming that the e-commerce giant is trying to lock in a standard price of $9.99 for e-books — and making the case that the lower price is actually better for everyone involved, including the publisher. “Many e-books are being released at $14.99 and even $19.99,”… Read More

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Microsoft’s Windows Phone gets ‘Live Folders’ on Start screen

Windows Phone users, your folders have arrived. Microsoft announced the first update to Windows Phone 8.1 this morning, including a feature that will let users organize the Live Tiles on their Start screens into “Live Folders,” as the company is calling them. It’s the latest example of Microsoft doing its own spin on features previously released… Read More

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Amgen to shutter giant Seattle waterfront campus

Biotech giant Amgen says it will close its facilities in the Seattle region — including its 40-acre waterfront campus on Elliott Bay, inherited with its acquisition of Immunex more than a decade ago. The closure of the sites in Seattle and Bothell, Wash., was announced by the company this afternoon as part of a broader plan to cut between 2,400… Read More

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Cray shares down 3% after Q2 earnings beat expectations with $85M in revenue

Seattle-based supercomputer maker Cray beat Wall Street’s expectations with its second quarter earnings report, posting $85.1 million in revenue and earnings of ($0.18) per share. Analysts had predicted $74 million in revenue, with a ($0.30) earnings per share. Still, shares of Cray were down in after-hours trading on Tuesday by more than 3 percent. Revenues for… Read More

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Inside Microsoft’s hackathon: Big ideas and new traditions at a tech giant in transition

Each fall, for many years, Microsoft employees have bundled up and made the trek to Seattle’s Safeco Field to listen as top executives attempted to inspire them with a vision for the company’s future. Satya Nadella is replacing that tradition with a new one: Under sunny summer skies in Redmond on Tuesday morning, the new Microsoft CEO cranked a siren to start a… Read More

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Zillow to pay up to $150 million termination fee if blockbuster Trulia acquisition falls apart

Zillow’s whopping $3.5 billion bid for rival Trulia still faces regulatory scrutiny and shareholder approval, hurdles that Zillow CEO Spencer Rascoff said he does not believe will get in the way of the company’s biggest acquisition ever. Even so, if the deal falls apart, Zillow must pay a termination fee of $150 million to Trulia. Under… Read More

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Ex-Diapers.com CEO raises $55M for Jet, looks to battle Amazon with new online ‘shopping experience’

Amazon.com made a bold move three years ago, buying the parent company of Diapers.com for a reported purchase price of more than $500 million. Last year, technology journalist Brad Stone — writing in his book The Everything Store — uncovered some of the heavy-handed tactics that Amazon utilized to take over the fast-growing upstart. Now,… Read More

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Twitter stock surges by 30% after Q2 earnings beat expectations

Twitter shares are up more than 30 percent in after-hours trading after the social media giant posted better-than-expected second quarter earnings. Twitter beat Wall Street’s predictions for both revenue ($312 million, up 24 percent year-over-year) and earnings per share ($0.02). Analysts expected revenue of $283 million and an earnings per share of -$0.01. The company also reported 271… Read More