Tuesday, February 17, 2015

TechFlash: Zillow buys Trulia, lays off 350; Facebook Seattle expands in SLU

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TechFlash: Seattle's Technology News Source

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Zillow acquires Trulia for $2.5 billion, plans to cut 350 staffers in Bellevue, San Francisco

​Zillow is officially the market leader for online real estate. The Seattle company announced today it had completed its acquisition of top rival Trulia for $2.5 billion in stock.

Facebook will more than quadruple its Seattle office space with move to South Lake Union

Facebook has signed a lease for a space large enough for 2,000 employees in the new Dexter Station building overlooking Lake Union, sources tell the Business Journal.

Here's why Expedia is pouring money into the low-profit airline booking business

Expedia executives say there's not a whole lot of profit to find in the airline booking space, but the company is expanding there to try to cross promote other offerings.

Bill Gates-backed company eyes historic Skagit County hospital site for major expansion

Janicki Bioenergy's research and development campus on the site of an old mental hospital would employ around 1,000 people within five years.

Seattle startup Farmstr closes down

Farmstr founder and CEO Janelle Maiocco announced Monday that she is selling the assets and closing down the startup after struggling to raise another round of funding.

Nordstrom appoints female tech leader to board of directors

​Nordstrom has added MetricStream CEO Shellye L. Archambeau to its board of directors, the company announced Friday.

FAA releases drone rules that could limit Amazon Prime Air delivery service

Amazon's plans to deliver packages via miniature delivery drones hit a snag Monday when the Federal Aviation Administration released rules for unmanned aerial vehicles that prohibit them from flying out of the sight of their operators.

National Tech News

Boston Scientific settles lawsuit over Guidant for $600M

Internet Patents shareholders to vote on $16.5M acquisition

There's still a long road ahead for Oregon's drone entrepreneurs

TW Garner, producer of Texas Pete, makes major changes to top management

Private hospitals could win big as state struggles to comply with Supreme Court psychiatric bed decision

Game developers unite to plan Midwest's largest studio/incubator

Birmingham tech firm makes list of elite data centers

Here's why Expedia is pouring money into the low-profit airline booking business

Exclusive: Addison oil and gas crowdfunding platform approved by state

Unconventional funding keeps dilution at bay, biotech firms say

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