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Virtual goods on mobile games to top $11B

by Katie Gatto, November 30, 2010 | Comments

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Juniper Research predicts in-game sales to double by 2015, and pass download-game sales in three yrs

Aah, mobile games. You play them when you are waiting in line. You play them when you are sitting in the back of your friend's car. You play them when you are just plain bored. As it turns out, when you get hooked on them, you are contributing to a multi-billion dollar industry, at least you are every time you ...

What you need to know - Tuesday 11/30/2010

by Katie Gatto, November 30, 2010 | Comments

Totsy raised $5M; Vostu $30M; Abiquo $10M; Facebook valued at $50 billion; Jumo launches

Y Combinator will be partnering with Yodlee in order to provide their services to Y Combinator-based startup's. Yodlee makes a tool for personal financial and payments data management. Abiquo, an enterprise cloud management software provider, has raised roughly raised $10 million in the Series B round of funding. The round was led by Balderton Capital, with other investors Nauta Capital ...

Celebrities die online for charity fundraiser

by Katie Gatto, November 29, 2010 | Comments

Cyber silence on Twitter and Facebook on December 1st to raise $1M for Keep a Child Alive

Celebrities such as Lady Gaga, Justin Timberlake, Kim Kardashian, Elijah Wood, Janelle Monae, Khloe Kardashian, Jennifer Hudson, Serena Williams and Ryan Seacrest will stop posting on Twitter and Facebook as part of a $1 million fundraiser for World AIDS Day, on December 1. The big question is, why should anyone care if celebrities tweet or not? "It is a promising ...

What you need to know - Monday 11/29/2010

by Katie Gatto, November 29, 2010 | Comments

ClickFox raised $17.9M; Online Black Friday sales up 9% vs last year; Google buys Groupon for $2.5B?

Yandex, a Russian search engine, is reportedly considering a flotation that could value the firm at about $1.56 billion, according to thisismoney. The company is most likely to list in London early next year. ClickFox has raised $17.9 million. ClickFox is a a Web analytics company, that also offers multi-channel metrics. The US Immigrations and Customs Enforcement agency seized ...

Child arrested for sharing burning of Koran

by Katie Gatto, November 26, 2010 | Comments

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A 15-year-old faces legal trouble, and reminds us of legal issues surrounding lack of privacy online

When you think about it, there is a stunning amount of information about you on your Facebook page, and that information is used to make decisions about you. It could cause you to lose your job, it might get you an increase in your insurance rates, or even get you arrested. Those facts however, seem to slip the minds of ...

What you need to know - Friday 11/26/10

by Katie Gatto, November 26, 2010 | Comments

Kurani Interactive raised $275,000; Advent Venture Partners announced a $118 million VC fund

U.S. Apple store is, after a brief online outage last night, offering up a Black Friday sale, which includes the iPad. Other products are discounted, with most sales staying in the 10% range. According to an email, sent to Apple customers, the iPad can now be bought for $458. Twitter had a fake tsunami warning posted. The account Andi Arief, ...

What you need to know - Thursday 11/25/10

by Katie Gatto, November 25, 2010 | Comments

Gather rasied $2.4M; Socialwise $3.4M; Art.sy $1.5M, ZipList $2M; Zappli $500,000

Distimo, an app store analytics provider, took a look at the differences between the Windows Phone 7 Marketplace and Windows Marketplace for Mobile (6.x). They found out that games are much more popular on the Windows Phone 7 Marketplace than they were on the Windows Marketplace for Mobile (6.x). The games range in price from from $2.99 – ...

Zynga and Playdom settle 14-month-old suit

by Katie Gatto, November 24, 2010 | Comments

Settlement for undisclosed amount stops the lawyers, but not the confusion to game players

Zynga and Playdom settled Tuesday a 14-month lawsuit for alleged trade-secret theft. Terms of the deal were not disclosed. Zynga sued Playdom in September of last year, when several Zynga staffers defected, allegedly taking valuable information to the competition. The former Zynga employees, Raymond Holmes, David Rohrl, Martha Sapeta, and Scott Siegel, were accused of taking various Zynga documents with ...

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

by Katie Gatto, November 24, 2010 | Comments

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

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 ...

OpenFeint hits 8M downloads on Android phones

by Katie Gatto, November 23, 2010 | Comments

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Just two monts on Android platform, mobile-gaming startup hits milestone; launches eight new games

OpenFeint, best known as both the makers of a social distribution platform for mobile games and the Aurora Feint series, hit over eight million game downloads on Android based phones, since OpenFeint launched for Android two months ago. The company also released Tuesday eight new games for the Android platform. The new titles include games such as Jet Car Stunts, Frogger, ...

Phrases unseats FarmVille on Facebook

by Katie Gatto, November 23, 2010 | Comments

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Phrases takes the top spot on Facebook, but without U.S. users how long can they keep it?

Phrases has managed to knock out FarmVille as the most popular app on Facebook. The Phrases app, which allows users to post random sayings, quiz results and images, to their friend feed, now has 54.3 million monthly users, which only barley caps the 53.9 million monthly active users of FarmVille. Phrases is not likely to stay top dog for long, ...

What you need to know - Tuesday 11/23/2010

by Katie Gatto, November 23, 2010 | Comments

MyThings raised $6M; Better Advertising Product $9.5M; Stoke $16M; Welocalize $34M

Rumors abound about a potential buy out of Nuance Communications, a voice technology company, by Apple. The rumors began after comments were made by Apple co-founder Steve Wozniak during an interview with TVDeck. JiWire, a mobile-based advertising company has acquired NearbyNow. Nearby Now is a location-based mobile shopping platform. The terms of the deal were not disclosed. Phrases has knocked ...

Aisle411's iPhone app lets you shop faster

by Katie Gatto, November 22, 2010 | Comments

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Aisle411 finds your items, gives you user reviews, coupons and a check-in feature

If you have ever gone into an unfamiliar store, and needed to find something in a hurry, then you know the more-than-mild annoyance of the store search. One free iPhone app, launched Sunday, is trying to help you avoid that pain. The timing seems pretty good, when you consider that the pain of the holiday shopping is upcoming. The app, ...

What you need to know - Monday 8/26/10

by Katie Gatto, November 22, 2010 | Comments

Facebook shares trade at $71;Smartdate raised $5M; Novell bought for $2.2B

Attachmate Corporation is buying Novell for $2.2 billion, or $6.10 a share. Attachmate is owned by a group of investors which include Francisco Partners, Golden Gate Capital and Thoma Bravo. Facebook’s mobile applications has downloaded by more than 100 million people on GetJar. Get Jar is a neutral, platform-agnostic app store. This download makes the Facebook app, the most downloaded ...

Fabricly raises $400,000 to crowdsource style

by Katie Gatto, November 19, 2010 | Comments

Fabricly flips fashion on its head, making the masses decision makers on what is hot and what is not

Fashion is usually a top-down process, with designers telling the masses what they should like. One company is looking to flip that model on its head, and give the power to the people. Fabricly raised a $400,000 seed round from Atomico Ventures, to crowdsource style. Founder Ari Helgason tells me that the team plans to use the funds to "start ...

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