Battling Pandora for turf in the on-demand music streaming service business, Spotify announced plans to expand its footprint into Asia, Latin America and Northern Europe recently on its blog. The company will…
Samwer Brothers Launch Global Founders Capital with €150M Fund
The Samwer brothers, the siblings behind Berlin’s Rocket Internet incubator known for launching clones of successful companies in new markets, have teamed up with Fabian Siegel, one of the co-founders of Delivery Hero,…
Ductor to Revolutionize Fertilizer, Crude Oil with Bio-based Approach to Ammonia
By MATT GALLAGHER, Red Herring Harnessing the power of ammonia, Ductor hopes to revolutionize both garden farming and gas tanks by the end of this summer. The company is developing what it…
Netflix Goes Social with Facebook Friends
It cost Netflix about $1.5 million in lobbying money to convince Congress to legalize sharing what you watch on your Facebook wall. Last week, just a day before the death of the…
LinkedIn Masses 1 Billion Endorsements in 6 Months
Though the feature may only be six months old, LinkedIn’s endorsements have already helped the professional social network increase user incentive for engagement. This week, the company announced a milestone of surpassing…
US Security Firm Tracks Cyber Criminals to Chinese Army Hotpoint
Mandiant, a US securities company specialized in identifying sophisticated cyber attacks on both corporate and government entities, has tracked members of some of the most notorious Chinese hacking groups to the doorsteps…
Square Offers Merchants Complete Sales System w/ “Business in a Box”
Known for its mobile reader, Square now offers merchants a sales system they can actually nail down. Built to use an iPad, its recently debuted Business in a Box for Square Register…
German Court Rules in Facebook’s Favor on Real Names Policy
A German court ruled in favor of Facebook’s real names policy, stating that because the social network is headquartered in Ireland, it does not need to comply with an earlier German agency…
Startup Act 3.0: Show Me the Visa!
Third time’s a charm? A group of lawmakers led by Senator Jerry Moran (R-Kan.) have launched Startup Act 3.0, a bill that would make it possible for foreign entrepreneurs who employ at…
SoftBank Launches $250M Fund to Help Startups’ Asian Expansion
SoftBank Capital, the venture firm of Japan’s SOFTBANK Corp., announced the closing of the PrinceVille Fund, a $250 million fund designed to help startups expand into Asia. “Due to its long-standing strategic…