News Roundup: Twitter Surpasses 1.2B Monthly Tweets and Hires Ali Rowghani, ComScore Buys ARSgroup, GameFly IPO, Scrapblog Raises $2.5M, MySpace CEO Natta Resigns

Twitter Surpasses 1B Monthly Tweets

Twitter has surpassed 1 billion tweets per month. About 1.2 billion tweets were sent out in the month of January, averaging to about 40 million per day [Pingdom]. Twitter has also hired a new CFO. Ali Rowghani will be coming to Twitter from Pixar where he served as CFO [Mashable].

ComScore Buys ARSgroup

COMSCORE, Inc. (NASDAQ:SCOR) has acquired ARSgroup. ARSgroup is an ad research company. The financial details were undisclosed and the deal is expected to close in March. [paidContent]

GameFly IPO

GameFly is a Los Angeles based online video game rental company that has just filed a $50 million IPO on the NASDAQ Global Market. GameFly will trade under the symbol GFLY. Bank of America Merrill Lynch, Piper Jaffray, Cowen and Company, and William Blair & Company are the companies underwriting the deal. GameFly’s investors include Sequoia Capital, Tenaya Capital, and several other investors. The company launched in 2002. [SoCalTech]

Scrapblog Raises $2.5M

Scrapblog is a website where users can create online scrapbooks. The company has just raised $2.5 million from Steamboat Ventures, the VC firm owned by The Walt Disney Company. Scrapblog now has a total of $10 million in funding. [VentureBeat]

MySpace CEO Natta Resigns

MySpace CEO Owen Van Natta has resigned after about 10 months on the job. “While this may be a surprising turn of events for some of you, I am absolutely confident that this change is best for all parties involved and–most importantly–the MySpace business,” stated News Corp chief digital officer in an internal memo [WSJ].

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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