Hello! Here’s this week’s roundup of business, tech and creative news from across the Moving World! Many thanks to all who submitted links!
Hoefler vs. Frere-Jones
All is not well in the renowned type foundry. A lawsuit between the two founders has emerged, with Frere-Jones accusing Hoefler of tricking him into transferring the ownership of several fonts worth around $3m (including Whitney) in return for 50% of the company. This 1999 verbal agreement was never formalised in writing, with Hoefler repeatedly saying he was ‘working on it’ and to ‘stop harassing me’ before cancelling the deal, in 2004.
With HF&J now worth $40m, the lawsuit will determine if Frere-Jones is entitled to his share of the company, in what he calls “the most profound treachery and sustained exploitation of friendship, trust and confidence.” – You can read the full complaint here.
(image credit to Gizmodo)
Dropbox has raised $250m in funding
that (apparently) values the company at $10bn. Already king of consumer/mobile cloud storage, Dropbox is now moving towards enterprise storage, a massively profitable but expensive-to-get-into area. Large scale enterprise software traditionally provides a less-than-ideal user experience, so expertise within Dropbox could be very valuable.Box, a more enterprise focused competitor (used by 77% of the Fortune 500) seems to be moving the other way, offering 50GB free storage to new consumer users.
As consumers and businesses increasingly move from traditional infrastructure and ownership to cloud based ‘use on demand’ services, its no wonder that storage and SaaS (software as a service) companies have seen so much success. What’s most impressive is that Box and Dropbox have cornered the market so well that Microsoft and Google have to give away the same products for free.
Spam confirmed to be horrible
Spam can be now found in your fridge. A fridge has been discovered to be part of a campaign sending spam messages. This attack is thought to be one of the first to exploit “internet of things” devices, with the fridge playing a role in sending out over 750,000 emails at the start of this year. Cisco expect there to be 50 billion devices in market by 2020, so we should expect to see a rise in ‘connected’ objects becoming targets for hackers. These devices often house small Linux/ARM based webservers built with cheaper hardware, often using default passwords and having no way of alerting users to errors.
Google are also facing spam-related heat this week, after allowing extension developers to insert ad tracking into extensions. This means developers can sell their work to spammers and instantly turn their user base into an ad revenue machine. There’s a list of affected extensions here.
You May Have Missed
Jamaican team raises $25,000 in Dogecoin to help them go to the Olympics
Bizarre app Outbox shuts its doors after turning $6.5m funding into 2000 $5/mo users
Competitive market in South Korea sees internet speeds reaching 450Mbps
1/3rd of SF cab drivers have ditched being a registered cab for apps like Uber, Lyft or Sidecar
A senator warns against drones, saying she once found a drone peeking into the window
Oh Nintend-no – the gaming company slowly slips into oblivion
Amazon plans to send things to you before you’ve ordered them
Why is wearable technology so damn ugly?
Privacy tools are now used by 28% of the online world
Google are testing smart contact lens for diabetics that measure glucose levels
Candy Crush have trademarked the word candy
FBI snatches Google Glass off the face of a movie-goer
Video games change the way you dream
I don’t think I want these gummy bears if the reviews are anything to go by…