Yahoo! acquired Tumblr for $1.1 billion just a couple of days ago and yesterday they announced that their photo-sharing website Flickr will be offering 1TB of online storage for free. This means that Flickr users can store over 500,000 images at a high resolution. The Flickr website has also been redesigned in a tile format to emphasize larget photos rather than featuring a lot of text and white space.
According to The Wall Street Journal, designer flash sales website Fab.com is raising between $250 million and $300 million. The funding is expected to close in mid-June. Atomico, a venture capital firm created by Skype co-founder Niklas Zennstrom, is leading this round.
Sprint and Boost Mobile announced today that the Kyocera Hydro Edge will be offered later this summer. The Kyocera Hydro Edge’s pricing and timing of the availability is not yet known. Some of the Kyocera Hydro Edge specifications are Android 4.1 (Jelly Bean), 4-inch IPS impact-resistant display, a 1GHz Qualcomm Snapdragon dual-core processor, and a 5-megapixel rear camera.
Uncovet is a service that allows you to discover unique products and designers from around the world at great prices. Uncovet has raised $1.3 million in funding from Javelin Venture Partners, Siemer Ventures, and Paige Craig. Uncovet is a spin-out company from Science Inc.
According to an annual study, consumer satisfaction for the Apple iPhone is dropping at the gain of Samsung and Google subsidiary Motorola. The Apple iPhone is seeing a slowdown in sales due to the constant release of new competitive products by Samsung and Motorola.
AT&T is no longer blocking Apple FaceTime video chatting over cellphone signals. The company is also going to support pre-loaded video chat apps over LTE without service plan restrictions. These changes will be made before the end of the year. AT&T will allow FaceTime video chats on their data network only for subscribers on shared family data plans.
Change.org is a petition website that has over 25 million users that has raised their first large round of outside funding after starting six years ago. The company raised $15 million in a round of funding led by Pierre and Pam Omidyar. Pierre Omidyar is known for being the founder of eBay. Pierre and Pam used the wealth that they attained from eBay to launch the philanthropic initiative company Omidyar Network. Another investor in this round of funding was from Uprising.