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…
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…
Twitter Expands Tweets to Keep Your Interest
Twitter wants to spend more time together. Quality time. As proof its ready for commitment, it launched Expanded Tweets with on site content, just to make sure you stick around. Instead of…
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…
Twitter’s Daily Users Up 2x Since 2011
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…
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.…
Facebook Rings the Bell on Third Largest IPO Ever
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…
At a Whopping $1.5B Valuation, Pinterest Raises $100 Million
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…
Facebook Delays Instagram Deal, Ups IPO Price
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…