Somalia’s vulnerable youth find work online


A new nonprofit venture is helping young Somalis get online and into work. Shaqodoon (which means 'jobseeker' in Somali) is a product of the USAID-funded Somali Youth Livelihood Program, headquartered in the Somaliland regional capital of Hargeisa, which aims to train and educate local people into a thinning workforce. Since beginning last … [Read more...]

Optio Labs raises $10 million – Investment Round Up

Money Sign

Series A Tips and tutorials app Trusper has gained $6.17 million in a Series A investment led by DCM. Charles Schwab and other backers contributed to the round. The Los Altos Hills-based company drew upwards of 5 million active users to its platform while still in stealth mode. Trusper has since debuted on the App Store and Google Play, according … [Read more...]

Despite hurdles, Europe’s breakaway States are slowly getting social


As Russian troops surround Ukraine's semi-autonomous region of Crimea, the world's media spotlight has turned on a peninsula that encapsulates many of the ethnic and religious tensions common across the former USSR. But there are many more 'breakaway states' on the continent. And despite significant online hurdles, some are making headway with the … [Read more...]

Recruitment tech sector consolidates with round of acquisitions


The talent industry embarked on its own recruitment drive recently, as three of its biggest names secured large acquisitions in the last month. LinkedIn, the social media platform aimed at professionals, has made increasingly large strides into the recruitment sector over the past few years, and enjoyed considerable success. This progress has been … [Read more...]

King Digital IPO: How can Ireland’s Candy-Crushing game maker sweeten value?


 King Digital Entertainment's IPO announcement is, despite its impressive user numbers, a risk. The Dublin-based developer's games have been downloaded on over 500 million mobile devices and 408 million of those consumers play at least one game per month. Approximately 124 million users play every day. Which means that on any day, 1 in every 60 … [Read more...]

Zuckerberg: Internet has emerged stronger from NSA scandal

Facebook IPO

Facebook founder Mark Zuckerberg has claimed that the Internet is in better health than before the NSA spying scandal erupted. Speaking to an audience at the Mobile World Congress in Barcelona, which began today, Zuckerberg said that increased collaboration between service providers has made the web stronger and safer. Facebook brokered a deal … [Read more...]

Facebook’s WhatsApp Deal: Is Google being left behind?


Rakuten’s $900 million acquisition of Viber last week was the starting pistol, and Facebook’s $19 billion punt on WhatsApp was a signal cannon. Over-the-top messaging platforms have become the latest must-haves for a technology empire. But Google has been left out — and its options to regain ground are slim. The mobile messaging market has changed … [Read more...]

How will Facebook’s $19bn WhatsApp deal affect the mobile messaging market?


Facebook’s $19 billion deal to buy mobile messaging company WhatsApp raised more than eyebrows. Valuations in the mobile messaging market have increased, and a bright spotlight has been shone upon the companies competing in it. Investors now try to work out where the next multi-billion dollar messaging app will come from and rivalry in the sector … [Read more...]

Facebook to buy WhatsApp for $19 billion

fb whatsapp

Facebook has agreed to buy mobile messaging app WhatsApp for $19 billion, the two companies have announced. The social media giant will pay $4 billion in cash and approximately $12 billion in Facebook shares for WhatsApp. A further $3 billion will be paid to WhatsApp founders and employees in restricted shares. Facebook founder Mark Zuckerberg has … [Read more...]

European social media success thwarted by U.S. giants


The Americans are coming, and Europe's social media platforms are losing ground. But many local brands are still doing fine business connecting the continent's consumers. In the past few years several high-profile European social media brands have imploded. Wer-kennt-wen (Who knows whom) and StudiVZ were once giants of the burgeoning German scene, … [Read more...]