Elastic, search company for Uber and Tinder, nearly doubles in IPO

Elastic, the Mountain View, Calif., startup that went public Friday at $36, nearly doubled as soon as it opened for trading. The company boasts its technology’s speed and scale offer a far better way to manage and search big data for clients such as Uber, Lyft, Tinder, Cisco, and Sprint. It also claims to have a better model for selling open-source software.

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