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Dropbox seeks more funding at whopping $8B valuation -- report

File-hosting service Dropbox has raised $257 million to date, and it's looking to double that entire amount in a massive round of funding that values the startup at $8 billion, Businessweek reported Monday.

Dropbox has been a tech industry darling since its Y Combinator days in 2007, and has routinely found itself on list after list forecasting the next big tech IPO in the wake of Twitter's earlier this month. Dropbox CEO and co-founder Drew Houston has broad ambitions too, likening his company to Microsoft in the '90s for its ability to cater to everyday consumers and corporate … Read more

Dropbox is like Microsoft in the '90s, says startup's CEO

Dropbox has continued to grow at a steady, and rapid, pace because of its hold on both consumer and enterprise products, CEO Drew Houston said Monday at TechCrunch Disrupt in San Francisco.

He said Dropbox has reached 200 million users, that's up from 175 million in July and 100 million in November.

When asked which company Dropbox emulated, Houston likened his company to the Microsoft of yesteryear. The cloud-storage company has been pushing for growth on its enterprise side, while also courting developers to grow its number of apps and integrations.

"We have that consumer and enterprise kind … Read more

A song about old tech, played on old tech

While our gadgets get better all the time (faster, smaller, more storage and functions), the beloved old gadgets we were so proud of, and spent so much time with, languish in basements and garages and attics -- gone, yet never forgotten.

If you have a bit of electrical know-how, though, you can give them a new lease on life, as Glasgow-based artist and filmmaker James Houston did. He rigged together a 1988 Sega Mega Drive, a 1982 Commodore 64, and a bunch of old floppy and hard drives to play music, controlled live via MIDI.

The song, written and performed by electronic musician Julian Corrie, is called "Polybius" -- named for an 1981 arcade tube shooter of urban legend that was said to send its players insane. … Read more

Dropbox clears 1 billion file uploads per day

BARCELONA, Spain--People save 1 billion files every day to Dropbox's online storage service, Chief Executive Drew Houston said today at the Mobile World Congress show here.

In addition, the company's 100 million users tap into the service with 500 million devices, he said. The statistics shows major growth for a company founded in 2007 when today's high-end smartphones only just were emerging.

When the company started, Dropbox could synchronize people's data among PCs, but now of course it helps bridge the gaps to smartphones, tablets, and presumably other Internet-connected devices of the future. The company has … Read more

Sprint to launch 4G LTE in five cities July 15

Atlanta, Dallas, Houston, Kansas City, and San Antonio will have access to Sprint's 4G LTE network on July 15, the company announced today.

This signals the beginning of what Sprint hopes will be an aggressive expansion of its 3G and 4G network. 4G LTE boasts faster data speeds for downloads and streaming, while an improved 3G network should mean better signal strength, fewer dropped calls, and faster data speeds as well.

Sprint was having a tough time earlier this year with buying the wireless spectrum it needed to continue building its network. Now that it has jumped into the … Read more

New Apple store in Houston shot up by gunman

Houston melts hearts in the way few cities can. Yes, it takes years. But when it happens, your personal glow lasts a lifetime.

So there is a certain weight upon my soul in telling you that the new Apple Store in Houston's Highland Village suffered some bullet wounds yesterday.

According to KPRC in Houston, a gunman seems to have drifted along the very famous and really quite nice Westheimer Road -- home to such fine restaurants as Indika -- and fired at various cars and business establishments, including Apple's.

Fortunately, this appears to have happened between 4:40 … Read more

Warner cut off Netflix to profit from Whitney's death? Not true

The rumor mill turned out to be wrong this time.

News that Warner Bros. yanked Netflix's streaming rights to Whitney Houston's hit movie "The Bodyguard" went viral a couple of days ago. The company's purported greedy goal was to make a "very large amount of money on the DVD sales" from "all the publicity after Whitney Houston's passing," according to Dan McDermott, the host of Web show Google Plus Week.

However, after Peter Kafka from AllThingsD reported that the story was bogus, McDermott apologized and announced that both he and … Read more

Kenny Rogers knows when to hold 'em...and sue EMI

Pirates to the left, disgruntled artists to the right...the record labels are again besieged.

The most recent challenge came yesterday when Kenny Rogers, the silver-haired country singer and actor, filed suit against EMI's Capitol Records. Rogers alleges that he was beat out of at least $400,000 and claims he's owed 50 percent of the digital-music royalties generated by his songs. He also says that EMI has dragged its feet on handing over an audit.

EMI declined to comment.

Rogers is the latest in a growing list of artists who have filed similar suits against their labels … Read more

Insiders skeptical of Sony's 'mistake' on Houston music prices

Sony Music Entertainment says the price hike in the United Kingdom on Whitney Houston albums following the singer's death was a "mistake," but some industry insiders are skeptical.

On Sunday, a day after Houston was found dead in a Beverly Hills hotel, prices for two of her albums: "The Ultimate Collection" and "Greatest Hits" jumped in price in the U.K. iTunes store. In dollars, the prices rose from $7.80 to $12.50.

Right away, Sony and Apple came under fire from consumers who believed one or both of the companies were … Read more

The 404 992: Where we're getting to the bottom of this (podcast)

Did anyone else besides Jeff get teary-eyed yesterday watching Adele's performance at the Grammy Awards?

According to psychologist John Sloboda, there's a specific musical device called an "appoggiatura" that produces chills and a physiological reaction--in Jeff's case, a fist-clenching, hand-trembling faucet of man-tears.

On today's episode, we'll go around the table with the songs and movie scenes that pull at our heart strings, and why.