By MATT GALLAGHER, Red Herring journalist When Amazon goes down, so does everyone else. Outages last October and June caused the disruption of Flipboard, Foursquare, Netflix, Pinterest, Instagram and others. So why…
Google to Launch Glass by End of Year for Less than $1,500
Google has made it official. The company announced plans to launch a “fully polished” version of Google Glass, a wearable headset combining Internet exploration with fashion, to the consumer market by the…
Pinterest Raises $200M at $2.5B Valuation, Buys Time to Monetize
Pinterest has raised a $200 million round that values the company at $2.5 billion. The cash essentially buys the social sharing site more time to figure out how to actually make money…
China Takes #1 Spot as World’s Largest Smartphone Market
Step aside USA. China has become the world’s largest smartphone market, surpassing the US for the first time for actively used smartphones and tablets, according to recent data released by Flurry, the…
ComScore Report: 5.3 Trillion Ads in 2012, Social Media Taking Lead
ComScore released its Digital Future in Focus report for 2013, revealing that nearly 6 trillion ad impressions were served up the US. What’s more, social media is steadily taking the lead, accounting…
US District Judge Tosses out 4 Facebook IPO Lawsuits
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…
Liberty Global to Buy Virgin Media for $23.3B
Liberty Global, the US cable heavy weight, has agreed to purchase Virgin Media, a large cable and broadband provider in the UK, for $23.3 billion, both companies recently announced in a press…
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…
Amazon Launches New Elastic Transcoder for Easy, Affordable Video Streaming
by MATT GALLAGHER, Red Herring Streaming video across multiple devices is far from the easy breeze it looks. With the launch of its new Elastic Transcoder service, however, Amazon not only makes…
Ribbit Capital Closes $100M Fund for Finance Startups
Ribbit Capital, a new Silicon Valley-based venture capital firm, has closed on a $100 million fund that will be focused solely on finance-based startups. The firm will focus on startups specializing in…