THE BUSINESS OF TECHNOLOGY
Though there was an increase in number of Israeli startups that managed to raise money last year, there was less money raised. Last year, 575 Israeli high tech companies raised $1.92 billion from the investment community, a 10 percent decrease over 2011 when 545 raised $2.14 billion, according to a recent report from the IVC Research Center. VC … [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...]
US venture firms raised $20.6 billion last year, a 10 percent increase over 2011, according to data from Thompson Reuters and the National Venture Capitalist Association. This marks the largest capital raised by US VCs since 2008, where 215 funds raised $25.6 billion. The number of funds that raised money in 2012 was 182 at a 3 percent decrease … [Read more...]
Avis Budget Group has announced plans to buy Zipcar for $491.2 million in order to expand its traditional car rentals to also include car sharing. Avis has agreed to purchase Zipcar for $12.25 in cash at a 49 percent premium over the company's closing price at the end of last year. However, it's a far cry from its opening price of $18 per share … [Read more...]
Despite all the talk about Google's Android gaining market share to dominate the mobile space, truth is Apple dominates the mobile market when it comes to actual advertising served, perhaps because people are actually using their devices more to interact with the Internet. Sales can measure only a small component of the puzzle. The real game is … [Read more...]
In the last six months, viewing videos on tablets has grown 90 percent, according to a recent report from Ooyala, the online video streaming and monetization platform. In its Q3 2012 Global Video Index, the company highlighted the continued growth and evolution of mobile video consumption. The report was made through the company's robust … [Read more...]
A Delaware federal jury has ruled that Apple's iPhone violated three patents owned by MobileMedia Ideas, a patent-licensing firm owned by MPEG-LA that acquired patents from Sony and Nokia. After four hours of deliberation, the jury ruled the patents were not invalid, as Apple had claimed. Damages will be set at a later trial, though … [Read more...]
By Anam Alpenia, Red Herring In-Q-Tel, the venture capital firm of the Central Intelligence Agency, made a strategic investment backed by a technology development agreement in cloud mobile security provider Tyfone for its “proven capabilities” in secure ID and NFC. An independent nonprofit, the firm's primary purpose is to identify “innovative … [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 of … [Read more...]
Police in Mildura, Australia have a bone to pick with Apple's Map App that's far more serious than a misplaced airport, an erased London or disappearing national monument. Authorities issued a startling warning to Australian citizens that the errors on the app were “potentially life threatening,” after the app mistakenly located the city of Mildura … [Read more...]