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Gogo sells commercial in-flight internet business to bankrupt satellite provider

The Verge

Gogo, the in-flight internet provider, has found a buyer for its commercial airline business. The bankruptcy was seen as a means for Intelsat to begin paying down its nearly $15 billion debt load while positioning itself to participate in a Federal Communications Commission spectrum clearing program , the company has said.

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Tech Moves: Convoy vet joins Xembly; Seattle climate firm hires Goldman Sachs exec; and more

GeekWire

Ismail was chief product officer at Marchex, and is also a veteran of Microsoft, where he was director of product management for Internet Explorer. Breaux was previously CEO of AirNow media and co-founded Airpush, a mobile advertising technology company acquired by Appscatter in 2020. He is on Xembly’s board. Jennifer Sullo.

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Porch makes $35M acquisition; reshuffles board; revenue up 200%; loss grows; PPP loan forgiven

GeekWire

Its quarterly net loss widened to $16.3 Porch connects homebuyers to movers, insurance providers, TV/internet companies and others, and collects transaction fees on sales it facilitates. million Paycheck Protection Program loan from the U.S. Porch received the loan in April 2020. million, vs. a loss of $6.3

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How the pandemic is bringing Elon Musk’s dream to connect everyone on Earth closer to reality

Vox

In vast swaths of the United States and the world, there are millions of people who don’t have reliable internet access. As described, they almost sound like streaks of glitter in the night sky, or magic bands of flying gadgets that can beam internet down to anyone on the planet.

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Porch makes stock market debut, raising $322M to fuel its ambitions in home services technology

GeekWire

— Matt Ehrlichman (@mattehrlichman) December 22, 2020. Porch is the fifth company from Washington state to go public in 2020, joining marketing company ZoomInfo; biotech companies Silverback Therapeutics and Athira Pharma; and health technology company Accolade. It posted a net loss of $103 million last year on revenue of $77.6

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Will technology harm or help young people’s brains? A highly nuanced debate

Trends in the Living Networks

Pew Internet & American Life Project’s latest study on the future of the internet examines how young people will be affected by technology. They lack deep-thinking capabilities; they lack face-to-face social skills; they depend in unhealthy ways on the internet and mobile devices to function.

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Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

AskJeeves was acquired in 2005 by IAC, the internet media company run by Barry Diller, who is also chairman of Seattle-based Expedia Group. billion for first nine months of 2020, down from $9.3 Its net loss for the first nine months of this year was $2.2 Battle is a longtime board member at Netflix, LinkedIn and OpenTable.

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