THE BUSINESS OF TECHNOLOGY
Janrain, which provides a social log-in management platform for developers that allows for easy signup through Facebook and other social media services, has raised $33 million. The round included contributions from new investors including salesforce.com, Millennium Technology Value Partners, Split Rock Partners, and Epic Ventures, as well as … [Read more...]
LinkedIn has reached another milestone. The professional social network now has a user base of over 200 million users from over 200 countries. The site is used in 19 different languages. More than half of its users live outside the US. It's a ranking that Deep Nishar, LinkedIn's Senior Vice-president, described as “an important and exciting … [Read more...]
Google has shut down its online shopping search service in China, a further tightening move in the country after the company shut down its Music Search in the country last fall. The site no appears as a link on the Google.cn website, and Google confirmed the move in its China blog. “Shopping search the original intention of the development … [Read more...]
Facebook is proposing to settle a class action lawsuit related to its “Sponsored Stories” lawsuit for $20 million, offering up to $10 each for any of the 125 million affected users that apply, or 2 cents per user if everyone files a claim, Reuters recently reported. The proposal suggests that some of the funds go to charity, but only after … [Read more...]
At the ad conference IAB MIXX this week, Facebook laid out its argument to advertisers, based on a recent study it conducted with Datalogix: Clicks are meaningless. The value of online advertising comes from the impression a brand makes, not whether somebody chose to interact with it online. The social network compared Internet ads to television … [Read more...]
Setting its competition scopes directly on Square, Groupon launched a credit card scanning service that boasts lower fees and an ability to track transaction activity. The service goes head to head against Square and PayPal. Dubbed Groupon Payments, the service accepts Visa, MasterCard, Discover, and American Express cards. It offers a free … [Read more...]
Casual meetups in China are challenging in a culture where dating game shows are an apt way to snatch up a wealthy groom and marriage qualifies as a get-to-know-you conversation starter. Translated as “Hi, stranger” in Mandarin, Momo recently nabbed an impressive $40 million Series B round for its location-based casual encounter app, as first … [Read more...]
He may be on house arrest, but Megaupload founder Kim Dotcom isn't spending his time eating Doritos watching Oprah. The owner of one of the world's largest file sharing sites before police intervened and shut it down on charges of piracy and copyright violation, Dotcom is now cooking up a new site, this time a legal cloud-based music service that … [Read more...]
Zynga stock took a nosedive June 12, dropping as much as 13 percent in a fall that triggered a short-sale circuit breaker, designed to halt stock trading when the price drops below 10 percent. The ban will be in effect through Wednesday. It was the largest drop for a stock that went public in December with an IPO value of almost $9 billion. … [Read more...]
Twitter wants to spend more time together. Quality time. As proof its ready for commitment, it launched Expanded Tweets with on site content, just to make sure you stick around. Instead of just the quintessential 140 characters, Tweets with links to partner websites will feature preview content, including images, videos, and music. It's an … [Read more...]