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5 Things You Need to Know Today

A roundup of the day's news--curated by the Inc. editorial team to help you and your business succeed.

1. Facebook Bets on Virtual Reality

"Mobile is the platform of today, and now we're also getting ready for the platforms of tomorrow," said Facebook CEO Mark Zuckerberg in explaining his company's $2 billion acquisition of virtual-reality gaming company Oculus. According to its press release, Facebook "plans to extend Oculus' existing advantage in gaming to new verticals, including communications, media and entertainment, education and other areas."--Business Insider

2. The Case for Staying Scrappy 

Soon-to-be-public cloud storage company Box has 34,000 organizations paying to use its services, including 40 percent of the Fortune 500. But the way it signs up new corporate customers is undeniably scrappy. "It hands the software free to individuals, who act as moles; once someone has swiped it past corporate security, 'our solution often spreads virally within and across organizations,'" Businessweek reports, quoting CEO Aaron Levie. Perhaps that's why revenue has grown to $124 million since Jan. 31 last year.--Businessweek 

3. Too Hard to Fail?

Bankruptcy reorganizations have fallen 14 percent since last year, according to BankruptcyData.com. The reason for the decline? "There has been so much liquidity in the market, it has been hard to fail," said George Putnam III, publisher of BankruptcyData.com. Don't tell that to Quiznos and Mt. Gox, both of which filed for bankruptcy this month.--Wall Street Journal

4. The Glass Cliff

Have you ever noticed female CEOs often get promoted during times of crisis? (Think: GM's Mary Barra.) According to Michelle Ryan, professor at the University of Exeter's School of Psychology, this phenomena is called the "Glass Cliff." Ryan and her colleague Alex Haslam found that FTSE 100 companies that appointed women to their boards were "more likely to have experienced consistently bad performance in the preceding five months than those who appointed men."--Slate

5. Growth Via Acquisition  

Dyn--the Inc. 5000 company that provides traffic management services to clients including Twitter, Etsy, and Netflix--has acquired Nettica, an Atlanta-based Domain Name System provider. Nettica has four employees but 9,000 clients, including Evernote. The move represents a "major consolidation" in the DNS space, according to Dyn spokesman Adam Coughlin.--Inc.com

 

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