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…
Japanese Mobile Player NTT Docomo to Pay up to $300M for Italy’s Buongiorno
NTT Docomo, the Japanese mobile carrier, has issued a tender off to buy Buongiorno, an Italian mobile content company, for up to ¥24 billion ($300 million), in an effort to further expand…
Facebook Faces FTC Probe Days Ahead of IPO
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…
PayPal, Softbank Team Up to Launch PayPal Japan
PayPal has teamed up with Softbank to launch a joint effort in Japan and extend’s PayPal’s mobile payments service into Asia, Bloomberg reported. Each company is putting in a 50/50 share with…
Flashback Mac Virus Robs Google for Up to $10K Daily
Apple users should watch where they browse. The computer is no longer safe from viruses, as exemplified by the recent Flashback malware that security company Symantec estimates netted pirates $10,000 per day,…
Apple Overpowers Android on Mobile Gaming for 84% of Revenue
Apple is killing Android on the mobile gaming field, dominating 84 percent of the revenue spent on mobile games, according to a recently released study from Newzoo. Surveying 17,000 individuals, the company…
Without Turning Off a Switch, Stem Cuts Customers’ Electric Bills
By Matt Gallagher, Red Herring As Stem’s bare bones website mysteriously states, “Don’t turn off the lights.” Recently launched out of stealth mode and landing a Series A investment of $10.2 million,…
Venture Funding Fizzles in China; Lowest in 6 Years
Venture capital investment has fizzled in China as investment in the world’s largest Internet market fell to its lowest level in six years this quarter, the Dow Jones VentureSource reported. China’s bubble…
Pandora Signs 150M Registered Users, a Third of US Smartphones Listen
Pandora, the personal online radio streaming service, has signed 150 million registered users, the company recently announced at the CTIA Wireless Conference in New Orleans. Plus, the company has rapidly progressed on…