What you need to know - 09/16/11

Groupon may be going forward with IPO; HootSuite raises $3 million, says SEC form

Groupon may be down, but it’s not out.  After reports surfaced last week pointing to Groupon’s IPO hesitation in light of the recent market fluctuations, sources are now saying that Groupon is planning on going forward with its IPO in late October or early November.

HootSuite, the social marketing dashboard with the cute little owl logo, raised $3 million in a round of funding.

Two weeks after its new 60% price hike went into effect, the company sent out a letter to investors to say subscribers are leaving.  Previously, Netflix had projected that by the third quarter, it would have 25 million domestic subscribers, but now it’s projecting that some half a million subscribers will have left by Q3.

MeLLmo, provider of mobile business intelligence, analytics and dashboards, raised a $30 million round led by Sequoia Capital, marking the first institutional funding for the company.

RIM's quarterly earnings report was grim but predictable: revenue was down 15% to $4.2 billion from last quarter’s $4.9 billion.

Michael Arrington’s resignation earlier this week from TechCrunch, left some wondering where he would stand now as a blogger.

Highly esteemed VC firm Union Square Ventures is in the process of raising a new fund sized between $150 million and $200 million.