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12195

Two executives say goodbye to Square

Alex Petrov and Alyssa Cutright both departed the company, with Petrov leaving before he started

by Steven Loeb - May 22, 2013
Financial trends and news

Featured Trends & news

All | Financial | Technology

Aereo files to stop "do over" suits from broadcasters

by Steven Loeb, May 6, 2013 | Comments

12110

CBS has already declared its intention to sue in advance of Boston expansion later this month

Despite encountering both lawsuits and threats from the broadcast networks, free Web TV service Aereo has no plans to slow down, having already announced that it is going to expanding to Boston later this month. But the company is also acting a little bit wiser this time around about the problems it will most likely encounter as a result of that move. Aereo filed a declaratory judgment ...
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Panna raises $1.35M from Anthem Ventures

by Steven Loeb, May 6, 2013 | Comments

12107

Video cooking magazine allows users to find new recipes and make them alongside celebrity chefs

I love to cook. I find that it is the best way to get to try new things, and it's the only way to make sure that what you are eating is healthy. And, honestly, it's fun to make something for other people that they enjoy. But finding good recipes can be a pain. And, then, it becomes a little ...
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Joyus reportedly raises $11.5M in funding

by Steven Loeb, May 6, 2013 | Comments

12104

Video online shopping site how now raised over $19 million

(Updated to reflect comment from Joyus) People are inherently visual. If you need any proof of that, just look at the invention of the music video. Listening to music wasn't enough; we had to see something, almost as if that would prove to us that it was good. There is just something about seeing that image that seems to stay ...
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Funding roundup - week ending 05/03/13

by Steven Loeb, May 3, 2013 | Comments

12094

Netchemia, MyNewFinancialAdvisor, nChannel, Skytree, Alpha Payments Cloud, Ruby Ribbon raised money

(Correction: Ruby Ribbon's fundraising) Seed-stage Learning marketplace Curious secured $7.5 million in funding, with Redpoint investing $7 million, with the other $500,000 coming from founder Justin Kitch. SocialWire, a startup building Facebook ads for retailers, raised $1 million in “seed extension” funding.  Real estate marketing platform Placester raised a $2.5 million seed financing round led by new Boston seed fund, Romulus Capital. HybridCluster, an ...
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Spotify acquires music discovery service Tunigo

by Faith Merino, May 3, 2013 | Comments

12099

Like Songza, Tunigo offers playlists for your mood, plans, workout, and more

Nothing beats a good music discovery app. As Apple’s App Store creeps closer to 50 billion apps downloaded altogether, Pandora remains the second most downloaded free app of all time (after Facebook). Now, one of its fiercest competitors—Spotify—is beefing up its own music discovery game with the acquisition of Tunigo. A spokesperson for Spotify said that Tunigo has been a ...
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LinkedIn shares plunge over 10% despite healthy quarter

by Steven Loeb, May 2, 2013 | Comments

12095

LinkedIn beat estimates for the quarter, but outlook for Q2 and FY2013 come up short

(Updates to reflect stock price, analyst projections) Shares of LinkedIn are down over 10% Friday.  After the company posted better-than expected first-quarter earnings, but delivered lower than expected outlooks for the coming quarter and full year, the stock fell over 10% in after-hours trading on Thursday, after they had been up 3.52%, in regular trading earier in the day. LinkedIn is currently trading ...
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Facebook up 4% after strong mobile and payment revenue

by Steven Loeb, May 2, 2013 | Comments

12089

Analysts raise full year projections, but price targets remain the same

Facebook stock is up 4% in trading Thursday, to $28.51 a share, after posting a mixed earnings report Wednesday after the close in which it came in ahead of expectations while earnings on an adjusted basis missed by a penny. Shares rose .44% in after-hours trading Wednesday, after falling 1.22% in regular trading to $27.43. Analysts seem reassured in Facebook's long-term ...
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Poppin raises $11.1M to help you makeover your office

by Faith Merino, May 2, 2013 | Comments

12093

Poppin pioneers "WorkStyle" with cute, colorful office products and supplies

A friend of mine always posts pictures on Facebook of the flowers her husband sends her at work. It’s obnoxious and really revives my resentment over last Valentine’s Day, when my husband told me he was going to get me flowers after work, but he was too tired. But beyond the obnoxious flower bragging, I always notice how cute her ...
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Yelp shares soar 25% on stellar quarter

by Faith Merino, May 2, 2013 | Comments

12090

Analysts raise price targets for Yelp after Yelp comes in with higher revenue and EBIDTA

Yelp shares soared 25% to $31.65 Thursday morning after the company revealed strong quarterly results for the first quarter of 2013. Revenue grew 68% to $46.1 million, compared to $27.4 million in Q1 2012. Adjusted EBIDTA was $3.2 million, compared to an EBIDTA loss of $1 million in the year ago quarter. That beat out Wall Street consensus, which called ...
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Zynga.org and NewSchools launch ed tech accelerator

by Steven Loeb, May 2, 2013 | Comments

12088

Accelerator will focus on games and apps designed to improve education

Zynga.org, the non-profit arm of the popular social gaming company, has entered into a new partnership with NewSchools Venture Fund in order to form a new accelerator focused on ed tech, it was announced  Wednesday.  The accelerator, which will be focused on "enhancing the quality and reach of learning games and apps designed to improve education outcomes," will be hosted at Zynga's headquarters in San Francisco, where ...
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Google leads $125M secondary round in Lending Club

by Faith Merino, May 1, 2013 | Comments

12083

The round gives Google a minority stake in the company

A lot of big names have gathered behind Lending Club, notably those of Larry Summers, Mary Meeker, and John Mack. Now, among its list of supporters, Lending Club is adding, like, the whole Internet--also known as Google. Lending Club announced Thursday that Google has acquired a minority stake in the company via a $125 million secondary round that also saw ...
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Astrid gets acquired by Yahoo

by Bambi Francisco Roizen, May 1, 2013 | Comments

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AngelPad-backed to-do list startup gets snapped up by Yahoo

Exciting news! Astrid, a productivity app which helps people manage lists, has been acquired by Yahoo.  While details of the deal have yet to be disclosed. San Francisco-based Astrid started in 2011, first getting incubated inside of AngelPad, and then raiseing just over $500,000 from Google Ventures and Nexus Venture Partners. Astrid was also a People's Choice Award winner at our Vator ...
Read more »

Yelp shares pop 11% on solid Q1 with $46.1M in revenue

by Faith Merino, May 1, 2013 | Comments

12086

Yelp blasts past analysts' expectations with higher revenue and shrinking losses

Yelp has had another solid quarter, in which it topped analysts’ expectations for revenue and EBIDTA. Yelp shares popped 11% to $28 in after-hours trading after Yelp revealed its results for the first quarter. Revenue grew 68% to $46.1 million, compared to $27.4 million in Q1 2012. Adjusted EBIDTA was $3.2 million, compared to an EBIDTA loss of $1 million ...
Read more »

Facebook tops revenue; misses earnings expectations

by Steven Loeb, May 1, 2013 | Comments

12085

Mark Zuckerberg defends slow growth of Home in conference call

Shares of Facebook barely budged in after-hours trading, after the company posted first-quarter results that were a mixed bag as revenue came in ahead of expectations while earnings on an adjusted basis missed by a penny. Shares rose .44% in after-hours, after falling 1.22% in regular trading to $27.43. In the earnings report, Facebook posted revenue of $1.46 billion for the quarter, higher ...
Read more »
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