This VC Firm Invested $200 Million in Slack. Now Its Stake Is Worth $4.6 Billion

Stewart Butterfield loved the game, but not enough people agreed with him. He spent two years and raised roughly $11 million to build an online adventure game called Glitch that featured garrulous, blue-headed creatures and milk-drunk butterflies. Once people had a chance to play it and Butterfield could track the numbers, the verdict was clear: […]

Hewlett Packard Enterprise Wants to Go Big on Subscriptions and Software

Hoping to offset declines in its core hardware business, Hewlett Packard Enterprise plans a major push into software services over the next three years. The technology company said Tuesday it plans to sell a lot more software by subscription and on-demand for its hardware products, such as servers or networking devices. For customers, it would […]

Buying Stock in Tech Building Blocks

Amazon gets lots of credit and flak for turning retail upside down; it also earns plaudits for its pioneering cloud-computing business. But in a still-unfurling development, the seismic shift that Amazon wrought in the IT world has spawned a whole new business category–providers of “APIs”–that has already begun paying off for a few prescient investors. […]

Data Sheet—Why Oracle’s Latest Results Depressed Investors

Imagine you’re running a venerable industrial company that’s been around for decades, is entrenched with its customers, and has a reputation for operational excellence. You’ve just made $2.7 billion in one quarter on sales of $9.6 billion. Your company is barely growing–sales were up 1% year-over-year and operating income was just a smidge better, up […]