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Google shutting down Checkout in favor of Google Wallet

by Steven Loeb, May 20, 2013 | Comments

Google Checkout will be gone in the next six months

Google Checkout for merchants will be shutting down in six months as the company transitions to Google Wallet, it was announced on the Google Commerce blog Monday. "Today, we’re letting web merchants know that in six months, Google Checkout will be retired as we transition to Google Wallet — a platform that enables merchants to meet the demands of a ...

Some startups to watch after Tumblr acquisition

by Steven Loeb, May 20, 2013 | Comments

Other blogging startups could see a renewed interest, or may find it hard to compete against Yahoo

As you have probably seen all over the Internet, you television and just about anywhere else your eyeballs might have landed today, Yahoo announced that it has reached a deal to buy microblogging and social media platform Tumblr for $1.1 billion. I can't help but be reminded of Facebook's purchase of Instagram last year. There are some striking similarities between the two ...

It's official: Yahoo is buying Tumblr for $1.1 billion

by Steven Loeb, May 20, 2013 | Comments

Tumblr to remain independent, Yahoo promises "not to screw it up"

Well, that was fast! After it was first reported at the end of last week that Yahoo was interested in buying up microblogging and social media platform Tumblr for around a billion dollars, the company held a meeting on Sunday to approve the deal, and now its done. Yahoo has reached a definitive agreement to buy Tumblr for $1.1 billion in cash, it was ...

Pinterest adds more info into pins, puts them on mobile

by Steven Loeb, May 20, 2013 | Comments

Users to get more info on products, recipes and movie pins, partners include Netflix, eBay and Etsy

Pinterest, like all social networks needs to to make itself attractive to advertisers and brands. Earlier this year, the site added a new social analytics tool for businesses. And now Pinterest has launched two new features that will make the site "more useful," aka more attractive to advertisers. The first product are pins "with more information" that will allow users ...

Google accused of breaking antitrust law in Canada

by Steven Loeb, May 18, 2013 | Comments

Google has also been investigated by the EU, the United States and South Korea before

(Updated to reflect comment from the Canadian Competition Bureau and Google) Google has found itself in a familiar situation: being accused by a federal agency of violating antitrust laws, this time in Canada. Canada's Competition Bureau recently notified Google of its intentions to investigate the company's business practices in Canada, it was reported by the Financial Post on Friday. Google has been ...

Yahoo to hold special event in NYC on Monday

by Steven Loeb, May 18, 2013 | Comments

Details are sketchy, but could the company be announcing the acquisition of either Hulu or Tumblr?

Yahoo has been in the news a lot lately with its reported interest in acquiring both two big Internet properties: Hulu and Tumblr. Now news has come out that the company is holding a "product-related" special event on Monday. — CNBC (@CNBC) May 17, 2013 "Product-related" would seem to be a pretty broad term, and one that could mean basically ...

Funding roundup - week ending 05/17/13

by Steven Loeb, May 17, 2013 | Comments

Skift, Marqeta, Jelly, CrowdOptic, Luvocracy, EdgeSpring, Pebble, BitPay, BonitaSoft, AirWatch

Seed stage Travel news startup Skift raised an additional $1.1 million seed round. The new funding was led by Lerer Ventures and included Ironfire Angel, MESA+, Advancit Capital, Growlab/LX Ventures, who invested together. New angels investing in this round include Jason Calacanis, Michael Cunniff, Duncan Jennings, Sean Keener, Shakil Khan, Martin Nisenholtz, Paul Noglows, and Michael Yavonditte. OwnerListens, which helps online businesses prevent negative reviews, raised a $1.1 million seed round from Promus Ventures, Menlo Ventures, Commerce ...

A list of top LA accelerators and incubators

by Steven Loeb, May 17, 2013 | Comments

Amplify, Launchpad, MuckerLab, Idealab and Science among those churning out new startups

As I have noted before, the tech scene in Los Angeles is on the rise. Part of that has to do with the categories that L.A. specializes in gaining traction, including digital media, gaming and e-commerce. There is also L.A.'s university scene, including UCLA, USC, UC Irvine, Caltech, UC Santa Barbara, Pepperdine and Loyola Marymount, which are also contributing, helping to produce more ...

Government wants Google to answer Glass privacy issues

by Steven Loeb, May 17, 2013 | Comments

Congressional Bi-Partisan Privacy Caucus sends a letter to Larry Page demanding clarification

Whenever new technology comes out, there is always a familiar chorus of people shouting about their privacy being invaded. And, most of the time, I kind of ignore it. For the most part, people can avoid having their privacy violated by simply not participating. Nobody is forcing anyone to get a Facebook account, or even an e-mail address if they ...

Biz Stone's Jelly raises money from big name investors

by Steven Loeb, May 16, 2013 | Comments

Al Gore, Bono, Jack Dorsey, Reid Hoffman and Evan Williams all contributed

Twitter co-founder Biz Stone has been remarkably cagey about what his new startup, called Jelly, is all about. But that has not stopped him from raising money from a pretty remarkable roster of investors. The company raised an undisclosed amount of money in a round led by Spark Capital with additional investment by SV Angel, it was revealed in a blog ...

Now Time Warner is looking into buying part of Hulu

by Steven Loeb, May 16, 2013 | Comments

Time Warner reportedly considering taking an equity stake in the online-video site

(Updated to reflect comment from Hulu) Hulu is a hot property these days. The company recently revealed that it had set a new record for revenue in the first quarter of the year, that subscribers to Hulu Plus have doubled in a year, hitting 400 million in the quarter and that, for the first time ever, Hulu viewers streamed more than ...

Google to Microsoft: shut down your YouTube app now!

by Steven Loeb, May 16, 2013 | Comments

Google says app violates terms of service by not allowing ads and allowing playback on all platforms

Google and Microsoft getting ready to go to battle with each other over a YouTube app. It all started when Google refused to let Windows Phone users connect to YouTube. In response Microsoft decided to build one itself. Earlier this month, the app was redesigned with the ability to pin videos, playlists, channels, and search queries to Start as Live Tiles ...

Jana Partners buys up loads of Zynga and Groupon shares

by Steven Loeb, May 15, 2013 | Comments

Announcement sent both stocks up, but Groupon still ended down for the day

Zynga and Groupon are two companies that, honestly, could use a little help. Both companies went public in 2011, with lofty goals in mind, but have severly stumbled ever since. And they both finally got it in the form of Jana Partners, which acquired millions of shares of both companies, according to a report by Reuters Wednesday. Jana Partners purchased ...

Atlantis Computing raises $20M Series D

by Steven Loeb, May 15, 2013 | Comments

Virtual desktop storage provider has now raised $35 million in funding

Virtual desktop storage provider Atlantis Computing has completed a $20 million Series D round of financing, it was announced Wednesday. The round was led by new investor Adams Street Partners, with previous investors Cisco Systems, El Dorado Ventures and Partech International also participating in the new financing. With this round, the company has now raised a total of $35 million in funding. ...

Skift raises additional $1.1M seed round

by Steven Loeb, May 15, 2013 | Comments

Travel news startup was founded by paidContent CEO Rafat Ali

Travel news startup Skift has raised an additional $1.1 million, it was announced in a blog post Wednesday. The new funding was led by Lerer Ventures and included Ironfire Angel, MESA+, Advancit Capital, Growlab/LX Ventures, who invested together. New angels investing in this round include Jason Calacanis, Michael Cunniff, Duncan Jennings, Sean Keener, Shakil Khan, Martin Nisenholtz, Paul Noglows, and Michael Yavonditte. The new funding brings the company's total seed round to $1.5 million. Some of Skift's previous ...

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