What you need to know - 07/01/11

LivingSocial possibly seeking $1 billion IPO; Twitter to host townhall with President Obama

Technology trends and news by Ronny Kerr
July 1, 2011
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A2 entertainment, Martha Stewart Living Omnimedia, and AOL have teamed up to produce “Martha & Friends,” a new online animated multimedia series for kids based on the creative stylings of Martha Stewart.

Flipboard launched a new version of the popular social magazine app that has rocketed to the top of the app charts since it debuted last summer. In short, the new version is all about speed.

Are we in a bubble?  Check out the second part of Bambi Francisco's interview with Joe Kraus, partner at Google Ventures.


Ignite100 is the newest accelerator in the northern UK, and it just launched with a £1 million fund for its startups.

LivingSocial has been meeting with bankers this week, including Morgan Stanley and Deutsche Bank, to discuss a possible $1 billion IPO, which would value LivingSocial at $10-$15 billion.

Microsoft is shutting down its home energy tracking service, Hohm, due to a lack of user adoption.

Check out the beatiful graph I made illustrating the brief rise of Myspace and its long, slow demise.

In a study conducted by SMB social marketing startup Roost, local businesses now prefer social marketing to search.


Twitter is working on a website dedicated purely to those developing apps and services for the microblogging platform. The site could launch as early as July.

Also: The White House will be hosting its very first Twitter townhall with the President on Wednesday, July 6 at 2:00 PM ET.

Oh, and the site's seeing 200 million tweets per day. Check out the new official stats and trends.

Today's Entrepreneur is Sam Hayes, Co-Founder & EVP, SharesPost.

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