What you need to know - 06/24/11

Ronny Kerr · June 24, 2011 · Short URL: https://vator.tv/n/1bfb

Facebook adds Reed Hastings to its board of directors; mobile advertising industry to be $4 billion

Facebook announced Thursday that Reed Hastings, chairman and CEO of Netflix, has joined the company’s board of directors.
Also, the site might now have 750 million members.

foursquare expanded its pilot program with American Express nationally and to all users, granting everyone a new way to save when they shop.

 

Watch this interview where Google Ventures partner Joe Kraus talks about Kabam, mobile gaming, local, and investment thesis.

 

The mobile advertising industry is projected to reach $4 billion in revenues in 2015.

 

 

 

 

 

The 2012 presidential election campaigns have officially kicked off, and while a few potential candidates have already stepped forward for the G.O.P. nomination, President Barack Obama is raising money for his campaign in style: with a $35,800-per-plate dinner with the top Wall Street bankers and executives.

 

Democratizing identity management, OneLogin raised $1.5 million in Series A funding from Charles River Ventures.

 

Electronic Arts (EA) is reportedly in late-stage talks to acquire PopCap Games for over $1 billion.

 

 

 

 

Chinese travel search engine Qunar received a $306 million strategic investment from Baidu, the leading search engine in China.

 

Twitter is reportedly toying with the idea of placing advertisement directly in users’ streams.

 

Today's Entrepreneur is Leah Busque founder and CEO of  TaskRabbit.

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