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What you need to know - 06/20/11

Facebook display advertising to top Yahoo in 2011; all these tech IPOs are inspiring bubble talk

Technology trends and news by Ronny Kerr
June 20, 2011
Short URL: http://vator.tv/n/1bbb

eBay completed its previously announced $2.4 billion acquisition of GSI Commerce, provider of ecommerce and interactive marketing services.

 

Facebook’s display revenues in the U.S. will grow this year by an estimated 80.9 percent to $2.19 billion.

 

In light of a rash of recent IPOs--from Demand Media, LinkedIn, Yandex, and Pandora--and upcoming ones--from Groupon and Facebook--there’s something all of these IPOs have in common: they’ve all inspired the dreaded tech bubble talk.

 

iControl Networks, provider of broadband home management, closed over $50 million in Series D funding.

 

ProtonMedia, developer of a virtual collaboration platform for the workplace, raised $4.5 million in Series B financing led by Kaplan Ventures with participation from Originate Ventures and Osage Venture Partners.

 

The newest version of Skype for Windows supports Facebook IM.


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