What you need to know - Friday 10/15/10

Katie Gatto · October 15, 2010 · Short URL: https://vator.tv/n/12b7

GoGo Kabongo raised $1.1M; SeatGeek raised $550k; Google shares surge 10% after Q3 report

Virtual goods sales account for more then 80% of iOS apps, according to analytics company Flurry. This puts it well above revenue from advertising. The study did not include Android based phones because they do not allow for in game item buys.

GoGo Kabongo raised $1.1 million. Investors included DFJ Mercury and RPM Ventures. The company makes eduational games for children.

Angry birds flying to Android phones. This game, currently on iPhone, has sold, in the past 10 months, more than 7 million copies.

Google's Apps for Education program hit the 10 million user make. The program, which is geared towards colleges and universities, was celebrated with a tailgate style of party. Recent schools to join the program include: Barnard, Brown University, William and Mary, Villanova University, Georgetown School of Business, Case Western Reserve University, Hawai’i Pacific University, Brandeis University,Morehouse College, University of Illinois at Urbana-Champaign, Texas A&M Alumni, University of Tennessee Chattanooga, SUNY and Pace University.

The average teen sends 3,339 texts a month, according to Nielsen. This data is part of their study of mobile usage data among teens in the United State. Research shows teenagers coming in first in many areas of mobile phone usage.

Google released its profits for the world to see. Information usually not disclosed, such as third quarter earnings were released by Google, though they do not promise to do so in the future. Google made $7.29 billion in total revenue in the third quarter.

SeatGeek raised $550,000 in funding. Investors include Founder Collective, NYC Seed, Stage One Capital, Trisiras Group, PKS Capital and angel investors Arie Abecassis, Sunil Hirani, Thomas Lehrman, Allen Levinson and Mark Wachen.

Facebook is going to bring back the "clear chat history" button, due to user demand. The feature was removed during a recent update. A vocal minority of users protested the change.

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SeatGeek forecasts the price of sports and concert ticket on the secondary market, analogous to what Farecast (now Bing Travel) does for airline tickets. For ticket buyers this helps determine whether to buy a ticket immediately or wait for a price drop. For sellers it helps identify the optimal time to unload their tickets.

SeatGeekā€™s crawlers have compiled millions of ticket transactions and have also aggregated other factors that influence prices. SeatGeek's patent-pending technology uses this data to accurately predict prices.

SeatGeek offers a free version for buyers and will soon release a premium version for brokers and other sellers.