Archive for April, 2011

RealNetworks’ Rinse Cleans Up Your iTunes Music

Amit Chowdhry | April 26, 2011 | 509 views | Add a Comment
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RealNetworks, Inc. (NASDAQ:RNWK) has announced a new software called Rinse. Rinse software takes your iTunes music collection and cleans it up. It cleans up song duplicates, fixes misspellings, and adds missing album art.

Wael Ghonim Steps Down From Google

Amit Chowdhry | April 26, 2011 | 503 views | Add a Comment
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Decided to take a long term sabbatical from @Google & start a technology focused NGO to help fight poverty & foster education in #Egyptless than a minute ago via web Favorite Retweet Reply


Google Inc. (NASDAQ:GOOG) executive Wael Ghonim has stepped down from the search engine giant company. Ghonim is best known for being the face of the recent revolution in Egypt that involved Hosni Mubarak stepping down as the President of the Middle Eastern country. Ghonim was temporarily arrested by government forces in Egypt and beaten. Now Ghonim will be taking along sabbatical from Google to start a technology nongovernmental organization to help fight poverty and spread education to those who need it. [Wired]

Google Acquires Customer Feedback Company TalkBin

Amit Chowdhry | April 26, 2011 | 944 views | Add a Comment
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Google Inc. (NASDAQ:GOOG) has acquired TalkBin. TalkBin started less than 5 months ago. TalkBin was incubated at Y Combinator and was acquired on the same day as another Y Combinator company called Wufoo. TalkBin’s platform allows customers to give feedback immediately to local businesses. TalkBin has Android and iOS applications. TalkBin was founded in December 2010 by Qasar Younis, Sunny Dhillon, and Michael Ma. TalkBin will be shut down temporarily, but will be reopened again in the near future. [TechCrunch]

CoTweet Parent Company ExactTarget Raises $30 Million

Amit Chowdhry | April 26, 2011 | 529 views | Add a Comment
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ExactTarget has raised $30 million in a new round of funding to fund acquisitions and to expand operations. ExactTarget is an e-mail marketing company that acquired CoTweet in 2009. ExactTarget raised $70 million in May 2009. ExactTarget’s revenues increased 41% to $134 million in 2010. ExactTarget was initially planning on going IPO in late 2007, but decided to raise funding instead. The latest round of funding was led by Technology Crossover Ventures. Battery Ventures, Scale Venture Partners, and Greenspring Associates also participated in this round. [paidContent]

Wal-Mart Starts Testing Out Online Grocery Delivery

Amit Chowdhry | April 26, 2011 | 519 views | Add a Comment
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Wal-Mart Stores, Inc. (NYSE:WMT) has started testing out an online grocery delivery service in San Jose, California over the weekend. The new service is called “Walmart To Go.” The Walmart To Go service allows customers to order groceries and other goods through Walmart.com and have them delivered to their house. If Walmart decides to stay in the grocery delivery business, they will compete directly with Amazon Fresh and Peapod. [Reuters]

Netflix Now Has 23.6 Million Customers, Surpassing Comcast

Amit Chowdhry | April 25, 2011 | 859 views | Add a Comment
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Netflix, Inc. (NASDAQ:NFLX) has announced that they have hit 23.6 million subscribers. They had a major first-quarter growth spurt that pushed them ahead of Showtime and Comcast in terms of the subscriber number. About 3.59 million new subscribers joined for the quarter ending in March.

Sohu Acquires $100 Million Equity In 7Road

Amit Chowdhry | April 25, 2011 | 385 views | Add a Comment
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Sohu.com Inc. (NASDAQ:SOHU) is a Chinese Internet portal company that has acquired $100 million worth of equity in online gaming company Shenzhen 7Road Technology (7Road). Sohu.com’s subsidiary Changyou.com made the acquisition. Changyou.com will initially get 68.26% ownership by paying $68.26 million in cash. 7Road will get $32.76 million based on performance-based earn-outs.

Facebook Testing Out “Deals” In 5 Cities Starting Tomorrow

Amit Chowdhry | April 25, 2011 | 574 views | Add a Comment
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Facebook’s director for local Emily White said that the social network is introducing Deals as part of a test in five cities starting tomorrow. This move directly rivals daily e-mail deals companies Groupon and LivingSocial. The five test cities include Atlanta, Austin, Dallas, San Diego, and San Francisco.

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