A US District court dismissed four shareholder lawsuits related to Facebook’s botched IPO, on the grounds that the individual investors behind the cases purchased the company’s stock after the company had already…
Oracle to Pay $1.7B for Acme Packet
Oracle, the world’s third largest software maker and top producer of high end business computers, will pay $1.7 billion to acquire Acme packet, a company that sells telecommunications VoIP hardware. “The addition…
ChaCha Raises $14M to Make Q&A a Respectable Business
by MATT GALLAGHER, Red Herring Though plenty of Q&A service sites sleep contentedly in the graveyard, ChaCha is thriving alive and strong. The company recently raised a new round of $14 million.…
Google Cashes in On First $50B Year in 2012
Google broke another record, earning its first $50 billion in annual revenue in 2012, thanks in a large part to strong fourth quarter earnings that generated $14.62 billion, an increase of 26…
Facebook Kicks Off Graph Search for Social Connection Discovery
Facebook rolled out its Graph Search, a functional search tool that provides results based on social connections. It’s a big step for Facebook that evolves its social function to provide relevant knowledge…
Gaming M&A’s Break Records, Earn $4B in 2012
Acquisitions for gaming companies broke a new record last year, raking in $4 billion, an 18 percent increase from the $3.4 billion earned in 2011, according to recent research from Digi-Capital, the…
Testing Service, Facebook Offers to Message Zuckerberg for $100
Testing “extreme price points” in a potential paid messaging service, Facebook offered to send messages directly to CEO Mark Zuckerberg’s inbox for $100, Mashable was the first to notice. The company is…
Sina Weibo, China’s Twitter, Rolls Out English Language Interface
Sina Weibo, a social microblogger that has sometimes been referred to as China’s “Twitter,” has rolled out an English language interface, widening marketing possibilities that could extend the service to more international…
LinkedIn Hits 200M Users in 200 Countries
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…
Twitter Valued at $11B, Potential IPO in 2014
Twitter has been valued at $11 billion in a Greencrest Capital report, according to Forbes, which reported the company is eying a possible IPO as early as 2014. The publication credits recent…