Stack Overflow Settles on Matt Gallatin as its New Chief Financial Officer After New Deal with Prosus NV (OTCMKTS: PROSF)

Rwanda releases UPDF soldier of Special Forces Command two months after his arrest

Rwandan government on January 22 released an Uganda People's Defence Forces (UPDF) soldier attached to the elite Special Forces Command (SFC) two months following...

Tigray: Ethiopian army trying to eliminate security forces, says military officials

A year behind the outbreak of the war in Tigray, Ethiopia, the United Nations Security Council has not acted till now. The country's condition...

Failure in talks between Kenya-Dubai leads to continuation in flight ban

The ban on flights between Kenya and the UAE (United Arab Emirates) will continue after the two fail to reach a peace of agreement...

Public harassment blows wave of solidarity among women in Egypt

Persecution, prosecution, and public shaming have blown a new wave of solidarity among women in Egypt. Each morning, one of the women, 'Mona Eltahawy,' post...

Recently, reports came out showing the European tech giant Prosus NV (OTCMKTS: PROSF) as having channeled $1.8 billion into its new acquisition named Stack Overflow. This coverage tells quite a lot about the recent acquisition, which happens to be an online community for software developers.

Ushering in a new leader and expectations
Stack Overflow seeks to thrive in a somewhat competitive business environment, and it believes the newly appointed Matt Gallatin will help it reach its set goals. So it takes up the leader to based on his impressive track record.
Stack Exchange Inc happens to be a well-performing company based in New York, and Mr. Gallatin has worked here for several years. The leader also worked for a Calif.-based data management company called Reltio, where he served as its finance chief for about a year.

Such experience makes him an ideal candidate for the new position, in which case he succeeds Jerry Raphael. However, reports show that Raphael sent his resignation letter back in March, outlining he went for other pursuits. For instance, he planned to move out to take up the finance chief of Axonius, which happens to be a cybersecurity startup.

Steps made this far
Several venture firms are responsible for helping Stack Overflow scale higher to the heights it stands today, and some of the big names include Andreessen Horowitz and Union Square Ventures. In addition, it functions as a free question-and-answer site. It is solving the needs of a vast array of developers.

The site has made tremendous steps forward, considering that it currently manages to draw almost 100 million monthly visitors. It generates its revenues in many ways, one of those being through advertising undertakings. Reports show that it generated over $153 million before Prosus NV acquired it.

Rwanda releases UPDF soldier of Special Forces Command two months after his arrest

Rwandan government on January 22 released an Uganda People's Defence Forces (UPDF) soldier attached to the elite Special Forces Command (SFC) two months following...

Tigray: Ethiopian army trying to eliminate security forces, says military officials

A year behind the outbreak of the war in Tigray, Ethiopia, the United Nations Security Council has not acted till now. The country's condition...

Failure in talks between Kenya-Dubai leads to continuation in flight ban

The ban on flights between Kenya and the UAE (United Arab Emirates) will continue after the two fail to reach a peace of agreement...

Public harassment blows wave of solidarity among women in Egypt

Persecution, prosecution, and public shaming have blown a new wave of solidarity among women in Egypt. Each morning, one of the women, 'Mona Eltahawy,' post...

Nigerian extremists kills two and abducts 20 children, says residents

Nigeria: Extremist puts two people on the bounds of death and kidnapped 20 children in Nigeria's Borno state. The Islamist military igniting up more...

UN relief chief promises to support in uplifting Nigeria

The UN, humanitarian affairs chief, travelled to the Nigeria to see the humanitarian situation, see the northeast's reaction to raise international awareness about the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here