Archive for February, 2011

eHarmony Got Hacked. Users: Change Your Passwords.

Amit Chowdhry | February 11, 2011 | 716 views | 1 Comment
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Dating website eHarmony.com has been hacked. eHarmony.com is advising their employees to change their passwords because of a security breach. A hacker did an SQL injection to obtain information including user names, e-mail addresses, and “hashed passwords.” eHarmony.com has fixed the vulnerability and notified customers who may have been affected. [CNET]

BuzzMedia Acquires Celebrity Gossip Blog The Frisky

Amit Chowdhry | February 11, 2011 | 947 views | 1 Comment
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BuzzMedia is a pop culture blog that has acquired a gossip blog called The Frisky. The Frisky is owned by TBS. The terms of the deal were undisclosed. The Frisky launched in spring 2008 and receives about 2 million unique visitors per month. BuzzMedia raised about $40 million in funding thus far. Buzz Media runs websites like Buzznet, Celebuzz, Stereogum, What Would Tyler Durden Do?, Just Jared, Pure Volume, Idolator, etc. [paidContent]

Bill O’Reilly Failing At Science Becomes A Meme

Amit Chowdhry | February 11, 2011 | 987 views | 1 Comment
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Fox News host Bill O’Reilly has tried to explain the presence of God recently by saying “Tide goes in, tide goes out.” He added: “You can’t explain why the tide goes in.” The law that proves why the tide goes in and out is gravity. O’Reilly was mocked by Jon Stewart and Stephen Colbert for these comments and now the Internet has gotten in on the action by making it a meme. Check out the original video clip below:

Nokia Workers Protest Over Microsoft Deal By Walking Out

Amit Chowdhry | February 11, 2011 | 909 views | Add a Comment
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After the announcement that Microsoft and Nokia made about their partnership, about 1,000 Nokia workers walked out of work in protest. The workers believe that the partnership is not in their interest. Many of the employees that walked out develops the Symbian mobile operating system. [Geek.com]

Central Bucks School District Teacher Natalie Munroe Suspended For Blogging About Students

Amit Chowdhry | February 11, 2011 | 2,008 views | 4 Comments
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Natalie Munroe, a teacher that worked for the Central Bucks School District in Pennsylvania, was suspended for blogging about her students. According to CBS, some of the phrases she used to describe the students include: “Frightfully dim,” “Rat-like,” “Am concerned your kid is going to open fire on the school,” “I hate your kid,” and “Seems smarter than she actually is.” A parent found the blog and posted the words on a Facebook page. The blog has been shut down. [CBS]

eBay Expects PayPal’s Revenues To Double By 2013

Amit Chowdhry | February 11, 2011 | 756 views | Add a Comment
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eBay Inc. (NASDAQ:EBAY) is expecting revenue for PayPal to double by 2013. “We’re at an inflection point where tech-driven innovation is broadly shaping e-commerce and shifting consumer behavior. This shift is creating new global opportunities for our company,” stated eBay CEO John Donahoe. “We are driving the next generation of e-commerce.” PayPal’s mobile transactions are estimated to double to $2 billion in total payment volume in 2011. PayPal is used by 59% of the top 100 online merchants. Paypal’s revenue is expected to hit about $6-$7 billion by 2013. [Reuters]

Group Dating Service Ignighter Raises $3 Million

Amit Chowdhry | February 11, 2011 | 753 views | 1 Comment
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Ignighter is a group dating website that has raised $3 million in Series A. That puts a total of $4.2 million in funding for Ignighter. This round of funding was led by Point Judith Capital with participation from GSA Venture Partners, Founder Collective, GTI Capital Group, Hugo Enterprises, Rajan Anandan, David Cohen, Dave Tisch, Kal Vepuri, Peter Lehrman, Nihal Mehta and other angel investors. Ignighter allows groups of friends to collaborate on a group profile. The friends can add photos and interests to the group profile.

Beyond The Rack Raises $3 Million From MMV Financial

Amit Chowdhry | February 11, 2011 | 706 views | Add a Comment
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Beyond The Rack is a members-only private shopping luxury merchandise company that has raised $3 million as a venture loan. The $3 million will be used to accelerate growth and expand operations. Below is the full press release:

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