What you need to know - 04/26/11

Apple sued for invasion of privacy; Facebook launches Deals

Technology trends and news by Ronny Kerr
April 26, 2011
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An iPhone user and iPad user are jointly suing Apple in federal court for claiming that their devices unlawfully tracked their movements, allegedly an invasion of privacy.


Barnes & Noble has teamed up with author Sandra Boynton to host the world’s first e-book app signing event on May 2.

Deals and discount platform closed $3.1 million in new funding from Highland Capital Partners and Charles River Ventures, along with several individual investors.

DoubleDutch--what you might consider a Foursquare for the enterprise-- secured $1.2 million in a seed funding round led by Lightbank, the investment fund created by Groupon co-founders Bradley Keywell and Eric Lefkofsky.

Employee and employer matching service Evolv raised $15.7 million, according to an SEC filing.

ExactTarget closed a $30 million round of financing led by Technology Crossover Ventures (TCV) with participation from existing investors, including Battery Ventures, Scale Venture Partners and Greenspring Associates.

Facebook yesterday launched a brand new social plugin, the "Send" button and made a few tweaks to Groups. Today, the company announced the full launch of Deals on Facebook, for finding discounts for users.

n this week's "The Deal," VatorNews' Faith Merino discusses the rising influence of social media on e-commerce, or f-commerce.

Just twelve weeks into its launch, IntoNow has been acquired by Yahoo. Financial terms were not disclosed but sources say the sale went for $20 million.

Social gaming developer Kobojo completed a $7.5 million (€5.3 million) first round of funding led by Endeavour Vision and IDinvest Partners.

Lawson Software agreed to be acquired by GGC Software Holdings, an affiliate of Golden Gate Capital and Infor, in a transaction valued at approximately $2 billion.

Social advertising network MakeMeReach closed a €3 million ($4.3 Million) round with three French funds: Alven Capital, Siparex and UFG-Siparex.


Netflix reported first quarter revenues of $719 million and net income of $60 million. The service added 3.3 million subscribers last quarter.


Go-to survey site SurveyMonkey acquired Wufoo, an online form builder. Terms of the deal were not disclosed, but sources say the purchase price was $35 million in cash and stock.

Stealth startup Youwho secured $5 million in funding, according to an SEC filing.

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