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What you need to know - Wednesday 11/24/10

Facebook has trademarked 'face'; Svpply raised $550,000; Scale Computing $17M; SAP settles for $1.3B

Technology trends and news by Katie Gatto
November 24, 2010
Short URL: http://vator.tv/n/1417

Tasty Labs, a new start up from the former founder of Delicious, Joshua Schachter, Nick Nguyen, the former director of add-ons for Mozilla and Paul Rademacher, has raised an undisclosed amount from Union Square Ventures and unnamed angel investors.

The Oracle vs. SAP intellectual property case ended in a $1.3 billion dollar verdict, for a violation of software piracy law because SAP's 2005 acquisition, TomorrowNow, is believed to have pirated Oracle’s intellectual property.

ComScore data shows that online shopping is expected in increase  by 11% during this years holiday shopping season, when compared to 2009. $9 billion has already been spent online from November 1st to the 21st representing a 13 percent increase from the same period last year.

Facebook has managed to trademark  the word face. After a small fee is paid, the company will own the word face for all telecommunication services related issues. Also, the ruling gives them domain over names related to motoring or cars.

Zynga and Playdom settled a suit for alleged trade-secret theft. The terms of the deal were not disclosed. Zynga sued Playdom in September of last year, when a staffer defected, taking valuable information to the competition.

A study published by the Pew Research Center’s Internet and American Life Project found homes with $75,000 or more are more likely to use the Internet at home. They are also more likely to own several Internet-ready devices, and have a high-speed Internet connection.

Svpply, a social shopping service that helps users discover new products, raised a $550,000 seed round. The round was led by Spark Capital and Founder Collective. Other investors included Ron Conway, Foursquare co-founder Dennis Crowley and former Myspace co-President Jason Hirschhorn,

Scale Computing, which makes small-scale computer storage databases, raised $17 million in its Series C round of funding. The money will be used to triple the current amount of staff over the next three years. The round was was led by Scale Venture Partners and Northgate Capital.


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