Facebook’s billion dollar buying spree of the photo app Instagram faces an investigation by the FTC over potential antitrust issues, the Financial Times reported. The trade commission has already begun questioning Facebook…
FCC Wrist Slap: Google Fined $25K for Obstruction in Data Collection Investigation
The Federal Trades Communication has fined Google $25,000 for impeding investigators’ efforts to examine the company’s data collection efforts, the New York Times recently reported. In 2010, the company accidentally collected the…
Facebook’s Ads Snowballing Ahead of IPO
Facebook investors who have bubble talk babbling in the back of their heads recently received some news that should make them relax. The social networks advertising business is snowballing thanks to increased…
Foursquare Scores 20M Users, 2 Billion Checkins for This Year’s 4SqDay
Foursquare celebrated its third annual 4SqDay on April 16 (four squared for the math nerd in us all) with the shattering of another milestone: the company has reached 20 million users making…
Instant Billion! Facebook Acquires Instagram for Big Bones
By Matt Gallagher, Red Herring Facebook has acquired Instagram for a jaw dropping billion dollars in cash and stock, impressive bones for a two year old startup that previously had little to…
Obama Signs Crowdfunding Jobs Act into Law
Obama has signed the crowdfunding Jobs Act into law, opening the way for mom and pop investors to sink investment support into startups. The new law allows anyone to invest in startups,…
Facebook Chooses NASDAQ Over NYSE for IPO
Facebook has chosen NASDAQ over New York Stock Exchange for the company’s upcoming IPO in May, the New York Times reports, based on anonymous sources familiar with the matter who have not…
Yahoo Cuts 14% of Workforce
Yahoo has announced 14 percent in cuts to its workforce, issuing 2,000 pink slips in a move that will save the company $375 million. What’s more, sources close to the matter told…
A High Flying Bird: Twitter Breaks 140M Users, 340M Tweets Per Day
Twitter has a lot to celebrate on its sixth birthday. Aside from helping to launch Middle East revolutions as well as Charlie Sheen’s fan club, the social media tool just announced it…
Groupon Releases Beta Version of Free Online Scheduling Tool for Small Businesses
Groupon has released a free beta version of Scheduler, an online tool for small businesses to accept online bookings easily and seamlessly integrate them into the Groupon deals process. The technology is…