THE BUSINESS OF TECHNOLOGY
Facebook has acquired the development team behind Pieceable, a one-year old startup that creates a handy development tool that allows software apps to be used through an Internet browser, rather than having to download and use them in a separate device. It makes it easier to share the app with colleagues, clients, family, and friends. The … [Read more...]
Though the number of new Twitter users has remained more or less stagnant since 2011, the number of daily users has doubled as more people own smartphones that can more conveniently use the service, according to the latest data from the Pew Internet & American Life Project. The company began its study of Twitter in 2010, when 8 percent of … [Read more...]
Gamification is becoming more than just a buzzword, but the next profit making machine for businesses that will likely be around a long time. At least the VC community seems to think so. And to prove it, Badgeville recently raised $25 million in Series C financing in a round led by Interwest Partners. El Dorado Ventures, Trinity Ventures and … [Read more...]
By Matt Gallagher, Red Herring Following Facebook's IPO on May 18, the largest tech IPO in history, the company’s stock price had slipped almost 25 percent from its initial offering of $38. Shares in Facebook closed at $28.84 in today’s trading. While the IPO's opening price was ideal for Facebook and its initial investors as it left no … [Read more...]
By Matt Gallagher, Red Herring Albeit remotely, Facebook CEO Mark Zuckerberg rang the opening bell on NASDAQ as its IPO debuted on the stock exchange. In pure hacker fashion, the world's youngest billionaire punched a remote control NASDAQ button from its offices in Palo Alto, following an all-night hackathon where Facebook employees tinkered on … [Read more...]
Pintereset, the social media site that lets users create virtual bulletine boards of their favorite items of interest on the web, has raised $100 million in a deal that reportedly values the company at $1.5 billion. The news was first broke by All Things Digital. The round was led by Rakuten, the Japanese media company, with participation … [Read more...]
Facebook has delayed the expected closing date for its $1 billion plus acquisition of Instagram, and increased the price range of its IPO. Last month, Facebook announced plans to acquire Instagram for about $1 billion in a mix of $300 million in cash and 23 million shares of Facebook stock, plus a $200 million breakup fee if the deal should fall … [Read more...]
Facebook's billion dollar buying spree of the photo app Instagram faces an investigation by the FTC over potential antitrust issues, the Financial Times reported. The trade commission has already begun questioning Facebook competitors Google and Twitter. Investigations are fairly routine for acquisitions of more than $66 million, which … [Read more...]
The Federal Trades Communication has fined Google $25,000 for impeding investigators' efforts to examine the company's data collection efforts, the New York Times recently reported. In 2010, the company accidentally collected the user names and passwords of unprotected Wi-Fi networks as it used cars to sweep streets and neighborhoods to improve … [Read more...]
Facebook investors who have bubble talk babbling in the back of their heads recently received some news that should make them relax. The social networks advertising business is snowballing thanks to increased costs to advertisers, according to a recent study from TBG Digital. The social agency analyzed 372 billion impressions for 235 clients … [Read more...]