AOL reported its Q4 2010 earnings: Overall, revenues fell 26 percent from $806.7 million in Q4 2009 to $596 million in the last quarter.
Applifier, a cross-promotion network for social game developers on the Facebook platform, raised $2 million in seed funding from MHS Capital, PROfounders Capital, Tekes, Lifeline Ventures, and angel investors Jyri Engeström, David Gardner and Lars Stenfeldt Hans
DeNA, a global mobile and social games company, reported its third quarter net earnings jumped 250 percent higher YoY to $359 million.
Fab.com, the fabulous (previously fabulis) social network for gay men, launched a new daily deals offering, The Big Gay Deal of the Day–the first daily deals service designed exclusively for gay men.
Facebook marketing platform GraphEffect raised $2 million from LowerMyBills founder Matt Coffin, x+1 president Stephano Kim, and a few VC firms.
Instagram raised a $7 million Series A round from Benchmark Capital and high-profile investors including Jack Dorsey (Twitter founder) and Adam D’Angelo (co-founder of question-and-answer site Quora).
Mobestream Media, parent company and developer of smart phone shopping app Key Ring, closed $1.75 million in Series A funding from Austin Ventures.
Cross-platform media tracking service MediaMorph raised $2 million, bringing its total raised to $3.5 million.
Match.com, an operating business of IAC, acquired OkCupid, the U.S. online dating company, for $50 million in cash, plus potential future payments contingent upon performance.
Offermobi, a performance marketing network for mobile advertising campaigns in the U.S., raised $1 million in funding from New York-based ARC Angel Fund and some of its limited partners.
Path, the social network for close friends and family, closed an $8.65 million Series A round of financing led by Kleiner Perkins Caufield & Byers and Index Ventures,
SecondMarket completed over $400 million in transactions for private companies in 2010, but those trades account for less than 10 percent of all transactions on the site, which totals to about $5 billion.
Today’s Featured Entrepreneur is Jen O’Neal, co-founder and CEO of Tripping.
Video Chat Rounds, a video chat service on the Facebook platform, introduced Random Rounds, which connects random users together à la Chatroulette.
