Bankrupt Maker Faire revives, reduced to Make Community

Bankrupt Maker Faire revives, reduced to Make Community

Maker Faire and Maker Media are getting a second chance after suddenly going bankrupt, but they’ll return in a weakened capacity. Sadly, their flagship crafting festivals remain in jeopardy, and it’s unclear how long the reformed company can survive. Maker Media suddenly laid off all 22 employees and shut down last month, as first reported Read more about Bankrupt Maker Faire revives, reduced to Make Community[…]

Fortnite maker Epic acquires social video app Houseparty

Fortnite maker Epic acquires social video app Houseparty

What does a gaming company do after raising $1.25 billion? Acquisitions seem like a pretty good place to start. Epic Games — of Unreal Engine and the ridiculously successful Fortnite phenomenon — has has just picked up Houseparty. Terms of the deal were not disclosed. The social video app announced the news via blog post Read more about Fortnite maker Epic acquires social video app Houseparty[…]

Maker Faire halts operations and lays off all staff

Maker Faire halts operations and lays off all staff

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale Read more about Maker Faire halts operations and lays off all staff[…]

AeroGarden maker says hackers stole months of credit card data

AeroGarden maker says hackers stole months of credit card data

Bad news for home gardeners: criminals might have your credit card data. AeroGrow, the maker of the at-home garden kit AeroGarden, said in a letter to customers that its website had credit card scraping malware for more than four months. The company said anyone who bought something through its website between October 29, 2018 and Read more about AeroGarden maker says hackers stole months of credit card data[…]

Juul Labs gets $12.8 billion investment from Marlboro maker Altria Group

Juul Labs gets $12.8 billion investment from Marlboro maker Altria Group

After a long year fighting underage use of its products, Juul Labs has today struck a deal with Altria Group, the owners of Philip Morris USA and makers of Marlboro cigarettes. The deal values Juul at $38 billion, according to Bloomberg, and injects the company with a fresh $12.8 billion in exchange for a 35 Read more about Juul Labs gets $12.8 billion investment from Marlboro maker Altria Group[…]

Cisco to acquire silicon photonics chip maker Luxtera for $660 million

Cisco to acquire silicon photonics chip maker Luxtera for $660 million

As networks get put under increasing pressure from ever-growing amounts of data, network equipment manufacturers are facing huge challenges to increase data transmissions speeds over further distances. As a premiere networking equipment company, Cisco wants to be prepared to meet that demand. Today, it opened up its checkbook and announced its intent to acquire Luxtera Read more about Cisco to acquire silicon photonics chip maker Luxtera for $660 million[…]