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Facebook to turn more actions into...

Frictionless sharing on the Facebook Open Graph could start to resemble Twitter's promoted tweets

by Krystal Peak - February 10, 2012
Technology trends and news

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Video game sales take a sharp dive in January 2012

by Nathan Pensky, February 10, 2012 | Comments

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Are January's seriously low gaming sales due to a lack of new titles or are consoles out for good?

Don't look now but the traditional gaming console might be in trouble. A new study shows that sales of video games are down sharply in January 2012, as games debuting last month failed to strike gamers' collective fancy. New research from NPD Research Inc. has found that retail sales of video-game hardware, software and accessories in the US tumbled 34 percent ...

LinkedIn posts strong Q4, shares rocket 17%

by Nathan Pensky, February 10, 2012 | Comments

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Unlike Groupon, LinkedIn has only gotten stronger since going public

While Groupon has continued to struggle since its IPO, another company that recently went public, LinkedIn, has experienced consistent growth. Shares of LinkedIn rocketed 17%, or $13, to $89.59, a day after LinkedIn announced late Thursday its Q4 2011 earnings and revenue report that handily exceeded expectations. “LinkedIn grew over 100% for the sixth consecutive quarter,” said LinkedIn CFO Steve Sordello, in ...

Appcelerator acquires Cocoafish for cloud-based mobile

by Nathan Pensky, February 9, 2012 | Comments

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Appcelerator's acquisition of Cocoafish acknowledges the 'near-ubiquity' of cloud-based mobile apps

Enterprise-grade development solution Appcelerator announced Thursday its acquisition of Cocoafish, a mobile app infrastructure provider. Appcelerator plans to incorporate Cocoafish's mobile services into its Titanium plan as early as Q2 2012. Terms of the deal were not disclosed. Appcelerator has already developed over 35,000 different mobile applications on its Titanium platform, and so is probably pretty clear as to where ...

Groupon reports surprise Q4 loss; shares slammed 13%

by Nathan Pensky, February 8, 2012 | Comments

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Daily-deal site posted stronger than expected revenue but overall losses, due to expenses

Daily-deal site Groupon surprised market-watchers Wednesday, by posting a loss in its first quarterly report since going public in November 2011. Analysts had expected Groupon to report its first profitable quarter since last year's IPO, and while revenue exceeded analyst expectations, Q4 net income was in the red. Groupon shares (GRPN) have subsequently dropped sharply in after-hours trading, over 13% to ...

Groupon to post first quarterly profit in two years

by Nathan Pensky, February 8, 2012 | Comments

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Groupon shares slightly lower ahead of first report as a publicly-traded company

Daily deal site Groupon will be releasing its first earnings report since its tumultuous IPO last November, and analysts expect that the company will post its first profitable quarter in two years on revenue that's estimated to grow 170% from the same period last year. Analysts expect to see earnings of 3 cents per share on revenue of $473.1 million in ...

First Round leads $1.75M round in Schoolfeed

by Bambi Francisco Roizen, February 8, 2012 | Comments

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Founder of RockYou's new start-up, with 7M members, announces funding; readies for new round

Like most people, every so often I get friend requests from people in my past. And, while I don't mind "friending" them, I'm not the type to reminisce. I didn't even go to my class reunions. It's not that I don't want to "friend" old friends. It's just I can't keep up with my ever-growing family, friends and colleagues. It's ...

Pivot3 lands $23M in funding to expand sales, marketing

by Bambi Francisco Roizen, February 7, 2012 | Comments

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Samsung Ventures leads round for the provider of virtual servers and shared storage

Pivot3 announced early Wednesday that it's raised $23 million in funding, led by Samsung Ventures, with participation from past investors, including Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. The new funds brings Pivot3's total funding to more than $100 million. Austin, Texas-based Pivot3, which was founded in 2003 and has 500 customers, ...

Adku acquired by Groupon for over $10M

by Bambi Francisco Roizen, February 6, 2012 | Comments

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Big data start-up company Adku, founded by ex-Googlers, gets snapped up by Groupon

Groupon has acquired Adku, an one-year-old start-up focusing on providing data to big retailers to make recommendations, for over $10 million. Adku, which raised $1.5 million from investors in January of last year from Greylock Partners, True Ventures, Battery Ventures and AngelPad for a pre-money valuation of $5.25 million, has been in stealth mode ever since launching in early March 2011. The San ...

Should you buy Facebook?

by Kevin Cimring, February 6, 2012 | Comments

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Will the hotly-anticipated IPO be good for ordinary investors?

At a time when the IPO market is rippling from the recent wave of high-flying technology companies like Zynga and LinkedIn, Facebook's eagerly anticipated initial public offering is by far the largest and most hyped yet. It hopes to raise $5 billion, more than any other U.S. tech company since Google. And why not? Long before its plans to become ...

How do you replicate Silicon Valley entrepreneurship?

by Ezra Roizen, February 6, 2012 | Comments

	Silicon [insert your area here] "This country can't be knocked out with one punch," said Clint Eastwood, during the Super Bowl halftime, in an ad for Chrysler. "We get right back up again, and when we do the world is going to hear the roar of our engines. Ya, it's halftime in America, and our second half is about to begin." I do think there ...
	Read more »

YC start-up Ridejoy gets mileage with $1.3M seed round

by Bambi Francisco Roizen, February 6, 2012 | Comments

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Freestyle Capital, Lerer Ventures, Founder Collective, and more back social riding start-up

Sometimes there's upside to meeting people when sharing rides. I met my husband while sharing a taxi cab out of Burbank, Calif. Little did I know that the 40-minute ride would lead to a new life for me as we have three sons and one more on the way. While getting married to people you share rides with isn't common, ...

Little Black Bag gets $2.75M for unique ecommerce model

by Nathan Pensky, February 2, 2012 | Comments

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Little Black Bag has a totally new take on Web shopping with strong social networking element

Online shopping and fashion site Little Black Bag announced Thursday a $2.75 million in Series A funding, led by investors GRP Partners, with participation from DCM, Chamath Palihapitiya, Tim Kendall, David Tisch, among others. Little Black Bag is a unique shopping experience, with elements of social networking. It draws from the Japanese shopping concept fukubukuro, or “lucky bag sale”, where shoppers buy a mystery bag ...

NYTimes online subscriptions up; but profits down

by Nathan Pensky, February 2, 2012 | Comments

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Pay wall helps to raise digital subscriptions, but overall ad revenue continues to fall

If you needed any more indication that these are hard times for print journalism, even The New York Times is experiencing continued losses. The granddaddy of American journalism announced Thursday that profits sank 12% in the fourth quarter, as net income fell to $58.9 million, or 39 cents per share, from $67.1 million, or 44 cents per share the previous year. Profits ...

Rumgr raises $500k from Tony Hsieh and other angels

by Bambi Francisco Roizen, February 1, 2012 | Comments

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Social and mobile commerce site focuses on helping you discover items nearby

(Correction: to reflect the post-valuation) There's something to be said about the serendipitous nature of finding something. For instance, the other day my husband and I were passing by a museum, and two beautiful antique chairs caught our eyes. They happened be for sale at the museum and though we hadn't intended on buying anything that day, we did. In ...

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