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Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected News 

Shutterfly reports ransomware attack; Lifetouch and BorrowLenses affected

Personalized photography leader Shutterfly reported a ransomware attack on Sunday, Dec. 26. The incident was first made public by Bleeping Computer, which claimed a source identified the attackers as the Conti ransomware group. In a statement (reproduced below) Shutterfly said portions of the Lifetouch and BorrowLenses business were affected. They experienced interruptions with Groovebook, manufacturing offices, and some corporate systems as... Read More
Shutterfly announces fourth quarter and full year 2017 financial results Earnings reports Press releases 

Shutterfly announces fourth quarter and full year 2017 financial results

REDWOOD CITY, Calif.–(BUSINESS WIRE)–Shutterfly, Inc. (NASDAQ:SFLY), the leading online retailer and manufacturer of high-quality personalized products and services, today announced financial results for the fourth quarter and full year ended December 31, 2017. “Q4 was a strong conclusion to a year in which we made significant strides in positioning Shutterfly for long-term, profitable growth,” said Christopher North, President and Chief Executive... Read More
Takeways from Shutterfly’s third-quarter earnings News Opinion 

Takeways from Shutterfly’s third-quarter earnings

Shutterfly reveals move to AWS, will retain BorrowLenses Shutterfly reported its third-quarter earnings last week, and gave insight into the progress of its brand consolidation and business-solutions expansion. As reported earlier, the Redwood City, Calif-based company trimmed its brands down to just Shutterfly, TinyPrints and Weddings, while combining these on to a single technical platform. Doing so caused an expected... Read More
“Shark Tank” judges harsh to printing app entrepreneurs, Flag Marketing Opinion 

“Shark Tank” judges harsh to printing app entrepreneurs, Flag

Photo printing apps have has a mixed result on ABC’s “Shark Tank”, the show where entrepreneurs pitch well-known venture capitalists known as “sharks”. Over eight seasons, the “sharks” have seen dozens of pitches and made selective investments. In 2014, the app GrooveBook not only secured a $150,000 investment from Kevin O’Leary and Mark Cuban, the business was soon acquired for... Read More
Google wants in on the photo book business. But why? News Opinion 

Google wants in on the photo book business. But why?

Google wants in on the photo book business. This was revealed last week at the Google I/O conference where the Google Photos team unleashed three announcements – Suggested Sharing, Shared Libraries, Photo Books – along with the statement there are 500 million regular users, uploading 1.2 billion photos and videos a day. Second to Facebook, Google Photos is probably the... Read More
Shutterfly earnings report reveals overall printing market trends and challenges Earnings reports Opinion 

Shutterfly earnings report reveals overall printing market trends and challenges

Yesterday, photo-printing industry leader Shutterfly Inc. released its first quarter earnings, which revealed once again the on-going struggles of making a year-round business out the typically seasonal photo-printing business. Shutterfly has invested millions in photo-printing plants with national reach, and then watch much of the equipment sit idle until the fourth quarter. The challenges faced by Shutterfly, however, are also mirrored... Read More
Shutterfly buys Groove Book. Who wins? “Shark Tank” Opinion 

Shutterfly buys Groove Book. Who wins? “Shark Tank”

All the ballyhoo over the purchase of “Shark Tank” darling Groove Book by Shutterfly created a lot of excitement. The $14.5 million purchase is “the biggest exit in ‘Shark Tank’ history and the first purchase of a company featured on the show by a publicly traded firm,” according to CNBC, which lavished praise on the entire deal. Extended interviews with Shutterfly... Read More