Day: July 6, 2018

Netgear’s Arlo security camera spin-off files for IPO

Netgear’s Arlo wing has been a surprise hit for the networking company. The line of cameras are relatively new to the market, but they’ve utterly dominated the connected security space, breathing new life into the company in the process.

Back in February, Netgear spun off Arlo, courtesy of unanimous board approval and announced plans to file an IPO in the process. That bit came to fruition this week, as the company filed an S-1 form with the U.S. Securities and Exchange Commission. The security camera company has also applied for the “ARLO” ticker symbol with the New York Stock Exchange. Makes sense.

As it notes in a press release tied to the news, neither the number of shares nor price range have been determined yet. Earlier this year, however, it suggested that it would issue less than 20 percent of common stock, while retaining interest on the rest. As usual, all of this is pending approval from the U.S. Securities and Exchange Commission

According to the company, “BofA Merrill Lynch, Deutsche Bank Securities, and Guggenheim Securities are acting as lead book-running managers for the proposed offering. Raymond James, Cowen and Imperial Capital are acting as joint book-running managers for the proposed offering.”

The Arlo line has been highly successful for Netgear, in spite of it playing in a crowded market alongside the likes of Ring, Nest and Canary. The unit effectively doubled revenue between 2016 and 2017, as connected home devices pushed toward mainstream acceptance.

5 Signs You Need to Start Removing Toxic People

They say you become just like the company you keep. Therefore, picking and choosing friends is one of life’s most underrated skills.

Friends make or break you. The right group of friends will help you get through life and succeed while the wrong ones will hold you down and potentially destroy you.

Moving through life, you’ll encounter countless people, many of whom you will call your “friend” at one point in life. Unfortunately, not every friend stays. In fact, the average length of a friendship is said to only be around seven years.

Most often, friends come and go but there are few who stick around for better or worse.

Not everyone who sticks is good for the relationship. Sometimes you must make the difficult choice of removing toxic people for your personal well-being.

Recognize these five signs to help you make this choice.

You Feel Drained Each Time You Hang Out

toxic friends

When you’ve been friends for a while, you’ve likely had your fair share of good and bad moments. Friends are there for you during bad times and vice versa. But this doesn’t excuse friends who always seem to suck the energy out of you every time.

Friends like these are toxic. They are usually negative, judgmental, and seem to be using you as a personal therapist to deal with their issues. This is extremely draining.

Cut these types of “friends” off before their negativity rubs off on you. Have some respect for yourself. You are not a personal punching bag.

See Also: 8 Types of Toxic Friends That Are Holding Your Happiness Hostage

You Can’t Compromise on Personal Values

It’s necessary to have friends from all walks of life because they offer you different views and help you grow. However, there are friends who you will never see eye-to-eye with.

Initially, it may not be a problem dealing with these friends but as you move further in life, your personal differences may just be too big to ignore.

Compromising on things like what to eat or what to watch is one thing. But when you are dealing with differences in life choices, you can’t afford to be with someone who contradicts you too often.

You’re the Only One Doing the Work

It takes two to tango. Otherwise, you’re just dancing with yourself. The same theory applies to friendship.

When you start realizing that you’re the only one making any effort to hang out or talk, that’s a red flag that your friend doesn’t value your friendship as much as you do.

Life happens and sometimes we become busy and burdened by responsibilities. True friends will try to spend time with you. If they can’t do that, then it’s best to move on.

You Can’t Be Yourself Around Them

It can take a while for people to become comfortable. When you met your friends for the first time, you probably felt wary at first but once you gained each other’s trust, it was smooth sailing.

But if there are still people you don’t feel comfortable with even after knowing for a while, you should move on.

You can’t develop good chemistry with everyone. And it’s not a true friendship if you can’t be yourself around them.

One of You Develops Unrequited Romantic Feelings

unrequited romantic feelings

This is the toughest friendship to end because neither of you did anything wrong unless you count “catching feelings” wrong. When you or your friend becomes hopelessly smitten but the other doesn’t reciprocate, it becomes an awkward situation.

This is painful because you are ending what was once a great friendship.

Holding on will only be more tragic. Save yourselves from future drama and quit while you’re ahead. Maybe, when feelings aren’t as hot anymore, you can rekindle your friendship.

Identifying which friends to keep is a tough process but keep in mind these key points. Chances are, you are already subconsciously doing it. Being more aware of your feelings towards your friends and relationships can help you refine the company you keep.

The post 5 Signs You Need to Start Removing Toxic People appeared first on Dumb Little Man.

Crypto visa card company Monaco just spent millions to buy Crypto.com

Highly-prized domain name Crypto.com has been sold!

Registered in 1993 by Matt Blaze, a professor of computer and information science at the University of Pennsylvania who sits on the board of directors of the Tor Project, the domain has attracted a vast amount of interest as you’d expect given the explosion of crypto in recent years. However, Blaze has turned down all offers.

In January, Blaze repeated that the domain was “not for sale” and that people shouldn’t both to contact him — as The Verge noted —  however fast forward to July and he has parted with it after Monaco, a crypto project best-known for developing a crypto debit card, bought the domain in an undisclosed deal.

Experts told The Verge that Crypto.com could have attracted as much as $10 million, however Monaco CEO Kris Marszalek declined to go into the specifics.

“If it was only about money he’d have sold it a long time ago,” he told TechCrunch in an interview.

Hong Kong-based Monaco’s ICO finished in June 2017 with the company raising what was then worth $25 million in crypto. Fast forward today and Marszalek said the firm has close to $200 million on its balance sheet thanks to a surge in the valuation of cryptocurrencies like Ether, but he suggested that, more than money, the sale was about finding the right home for the domain.

“This is a very powerful identity that we are taking on. It’s representative of the entire category so it comes with a huge responsibility on us to carry the torch. We don’t take it lightly and this is one of the things that I think we conveyed successfully, that, as a company, we do have a higher purpose,” he said.

“Fundamentally, blockchain and crypto will enable [the next generation] to control their money, to control their data and to control their identity, these are the three fundamental things that weave the fabric of society. For us this is the purpose, we want to acceleration the world’s adoption of cryptocurrency,” he added.

The splashy purchase of the domain is part of a rebrand for Monaco that will see the parent company become Crypto.com and its Monaco services — which the upcoming Visa card, peer-to-peer transfer and a wallet app — become MCO, the same name as the company’s cryptocurrency.

The Monaco card itself just entered testing for a small group of users, primarily the MCO team, and Marszalek said it will be available for all customers in Singapore and Europe this summer, with a rollout for those in the U.S. likely in Q4. That’s covering a backlog of over 70,000 waiting users, but the company has sweetened the appeal of a card for new people by adding a number of perks, most notably cashback on transactions and a concierge, which vary based on the level.

At around $7 per MCO token, the commitment for a card isn’t cheap. The top of the range ‘Obsidian Black,’ which has the highest rate of cashback and perks, requires a customer to hold around $350,000 in MCO tokens. However, there’s a selection to cater to different budgets.

MCO is well-known for its card project, which has been two years in the making and it captured the attention of early crypto enthusiasts, but Marszalek said the company is cooking up other services in a bid to offer a more rounded product line. (That also explains the rebrand.) Among things to expect, he said MCO is opening to introduce lending that uses crypto as collateral, a low-rate credit service, and a robo trading investment feature.

Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.

YouTube star Ryker Gamble dies after falling from waterfall

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YouTube star Ryker Gamble died after falling from a waterfall in British Columbia, Canada. He was 30 years old. 

A travel vlogger for popular channel High On Life, Gamble was one of three people who were confirmed dead on Thursday by federal police, the Associated Press reports.

According to AP, search and rescue teams found Gamble and the two yet-to-be-named victims, who had gone over Shannon Falls, the third-tallest waterfall in British Colombia.

After swimming in a pool at the top, the trio had walked along a ledge at the top of the falls before falling approximately 100 feet over the edge. Read more…

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