He may be on house arrest, but Megaupload founder Kim Dotcom isn’t spending his time eating Doritos watching Oprah. The owner of one of the world’s largest file sharing sites before police…
Maintaining Own Identity, Skype Approaches 250M Users
Skype has managed to maintain a degree of independence from Microsoft following its $8.5 billion acquisition by the company, and more importantly, has managed to grow its base to nearly 250 million…
Apple Places $1 Billion Bet on Reno, Nevada Data Center
Tax breaks aren’t free. In exchange for $89 millions of dollars in tax incentive, Apple is planning to build a $1 billion data center in Reno, Nevada, in order to house its…
Ooyala Nabs $35M from Australian Firm for Overseas Expansion
Ooyala, the digital video platform, has raised $35 million in a Series E round of funding, led by Telstra Applications and Ventures Group, with prior investors Sierra Ventures, Rembrandt Venture Partners and…
Feds Investigate Big Cable for Anti-Trust
Better late than never. The US Justice Department has opened anti-trust wide-ranging investigation of big cable companies, according to the Wall St. Journal, which sited sources familiar with the matter. There have…
Farmville Drought: Zynga Stock Nose Dives
Zynga stock took a nosedive June 12, dropping as much as 13 percent in a fall that triggered a short-sale circuit breaker, designed to halt stock trading when the price drops below…
Apple Releases iOS 6, Rolls Out “Flyover” 3D Maps, Integrates with Facebook
At this week’s WWDC event, Apple lived up to its own hype, releasing a slew of announcements and product updates that are sure to shape the very future of tech itself. The…
Facebook Snatches Up Pieceable Team for Mobile Strategy
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…
Gamification Platform Badgeville Raises $25M
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…
Facebook Stock Continues to Slip; Investors Sue
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.…