THE BUSINESS OF TECHNOLOGY
Following rival video ad platform Tremor’s IPO last week, YuMe filed its S-I paperwork for a $65 million IPO. The company provides a digital video advertising platform that targets online video to the most relevant audiences based on individual user demographics. Every ad campaign is analyzed for data to develop strategies to perfect that … [Read more...]
By Matt Gallagher, Red Herring Though many in the online food delivery space find themselves stuck in the rush hour of tech, Delivery Hero landed a decent funding round recently from the investor of an online food ordering rival. The $30 million Series D was led by Phenomen Ventures, a new Russian VC firm that also invested in Delivery Hero’s … [Read more...]
by Matt Gallagher, Red Herring Journalist Though their messages may self-destruct in 10 seconds, Snapchat’s potential at monetizing its massive user base that has eclipsed the likes of Instagram and Vine is far from a mission impossible. At least that’s what Institutional Venture Partners are betting after leading a $60 million Series B round that … [Read more...]
Google keeps pretty mum on the subject of YouTube revenue, leaving it to analysts to guess what kind of take the service racks in. Analysts from Morgan Stanley recently took a crack at it. They predict the company will reach $20 billion in gross revenue by 2020 to generate $5 billion in operating income, CNBC reported. The research analysts based … [Read more...]
Yahoo has acquired Tumblr, the popular blogging service, for $1.1 billion cash in one of the largest deals for a social networking company in years, even surpassing Facebook’s $1 billion acquisition for Instagram. Yahoo gets the six year old social blogging platform’s access to a younger audience, as Tumblr is most popular among the 18 to 24 age … [Read more...]
Namshi, a product of Rocket Internet’s incubator program, recently raised a $13 million round to harness recent growth in its fashion ecommerce channels in the Middle East. Summit Partners led the investment. Namshi provides ecommerce fashion retail to Middle Eastern markets, featuring clothing, accessories, and footwear for women, men, and kids … [Read more...]
Baidu, the largest search engine in China, has acquired PPStream, the Shanghai-based online video platform, for $370 million, the company confirmed this week following weeks of rumors on the deal. PPS will be merged into iQiyi, Baidu’s video platform, to become China’s largest video platform according to viewing time and number of mobile users. … [Read more...]
The Pentagon directly accused China of hacking US computer systems to gain access to its military technology. The accusations were part of an 83 page report to Congress on China’s military activity. It is the first time the US military has directly accused the Chinese government of cyber espionage activities into its computer systems. It is the … [Read more...]
Baidu managed to post impressive revenue growth of 40 percent for the first quarter of 2013, but its earnings missed analysts’ expectations due to excessive R&D costs. The company earned $961 million in total revenue, or 5.97 billion RMB, but missed analyst pre-estimates of 5.99 RMB. Its net income increased 8.5 percent to $328.9 million but … [Read more...]
Netflix topped expectations with its first quarter revenue report this year, earning $1 billion in quarterly revenue and surpassing HBO’s user base with 29.2 million subscribers. Though HBO does not publish customer data, the research firm SNL Kagan estimated that the cable channel had 28.7 million subscribers at the end of 2012. As the New York … [Read more...]