Archive for December, 2010

FBI Raids A Texas Hosting Company Believed To Be Involved In Hack Attacks Against PayPal

Amit Chowdhry | December 31, 2010 | 624 views | Add a Comment
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The FBI raided a hosting company based in Texas as part of investigation to find out who was behind the hack attack against PayPal. The FBI took a computer server and a couple of hard drives. PayPal officials “reported that an Internet activist group using the names ‘4chan’ and ‘Anonymous’ appeared to be organizing a distributed denial of service (“DDoS”) attack against the company” to the FBI. The attack against PayPal was part of a project called “Operation Payback.” Operation Payback was an organized attack to hack companies that froze or suspended WikiLeaks accounts. The FBI traced an IP address to Tailor Made Services, a firm based in Dallas that provides dedicated server hosting. [The Smoking Gun]

TextualAds Raises $650,000 From Angel Investors

Amit Chowdhry | December 31, 2010 | 614 views | Add a Comment
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TextualAds parent company Qlique Labs Inc. is a small San Francisco based mobile social media company that gives marketers an easy way to target mobile devices. TextualAds recently started serving targeted SMS campaigns for brands, retailers, and small businesses.

Groupon Discloses $500 Million From Unknown Investors

Amit Chowdhry | December 31, 2010 | 682 views | Add a Comment
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Group coupon service Groupon.com has raised $500 million in venture capital funding. After turning down a $6 billion offer from Google Inc. (NASDAQ:GOOG), the company decided to file for permission to raise $950 million in Series G.

Barnes & Noble Sells 1 Million E-Books On Christmas Day

Amit Chowdhry | December 30, 2010 | 1,206 views | Add a Comment
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Barnes & Noble, Inc. (NYSE:BKS) has announced that the NOOKcolor tablet was the company’s best selling gift of the holidays. Amazon.com recently made a similar announcement in regards to the Kindle. About 1 million Barnes & Noble e-books were sold on Christmas day itself. Below is the full press release:

Facebook Was The Most Visited Website Of 2010 [STATS]

Amit Chowdhry | December 30, 2010 | 913 views | Add a Comment
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According to Hitwise, Facebook was the most visited website of the year. This is if you count Google properties separately.

The combination of Google properties accounted for 9.85 percent of all U.S. visits. Facebook properties accounted for 8.93 percent, and Yahoo! properties accounted for 8.12 percent. The top 10 Websites accounted for 33 percent of all U.S. visits between January and November 2010, an increase of 12 percent versus 2009.

[Hitwise]

HTC Tablet To Be Called Scribe According To Trademark Filing

Amit Chowdhry | December 30, 2010 | 790 views | Add a Comment
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HTC is known to be getting into the tablet game, but the name of the device is unknown. PocketNow has found a hint about what the name might be according to a trademark filing with the U.S. Patent and Trademark Office. HTC filed for the name HTC Scribe. The trademark is described as a “handheld wireless device, namely, a tablet computer.” [PocketNow]

Kodak To Showcase PLAYSPORT Burton Edition Video Camera At CES

Amit Chowdhry | December 30, 2010 | 1,711 views | 1 Comment
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Eastman Kodak Company (NYSE:EK) will be showcasing the Kodak PLAYSPORT Burton Edition video camera at the International Consumer Electronics Show (CES) in Las Vegas next month. The Kodak PLAYSPORT Burton video camera has an orange pixelated design that looks similar to a Burton Custom 154 Snowboard. The camera comes with a camera holster, 4GB Kodak SDHC memory card, and Kodak lithium-ion rechargeable battery. The PLAYSPORT Burton video camera has a 5 megapixel still capture, full 1080p HD video, LCD Glare Shield function, and electronic image stabilization. The video camera is also resistant to water for up to a maximum of 10 feet. [Azooptics]

Wal-Mart Investing In Chinese Online Retail Company 360Buy.com

Amit Chowdhry | December 30, 2010 | 669 views | Add a Comment
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Wal-Mart Stores, Inc. (NYSE:WMT) and a group of partners is expanding further into China by investing $500 million into 360Buy.com. 360Buy.com was founded in 2004 and is similar to Amazon.com in China. 360Buy.com’s revenues this year is expected to hit the equivalent of U.S. $1.54 billion (CNY 10.2 billion). Wal-Mart opened their first retail stores in China around 1996. Now the retail giant has 50,000 employees and 189 stores in China. [Trading Markets]

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