Archive for August, 2011

Socialware Raises $7 Million Led By Morgan Stanley

Amit Chowdhry | August 17, 2011 | 388 views | Add a Comment
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Socialware is a company that manages social media and sales. The company has raised $7 million in Series C funding led by Morgan Stanley Expansion Capital. Socialware previously raised $3 million from FLOODGATE, G-51 Capital, and Silverton Partners. Socialware has raised $12 million thus far.

Skillshare Raises $3.1 Million From Union Square Ventures and Spark Capital

Amit Chowdhry | August 17, 2011 | 500 views | Add a Comment
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Skillshare is a P2P learning company that has raised $3.1 million in funding from Union Square Ventures and Spark Capital. Skillshare is a platform that can help turn anyone into a teacher. Users can offer their own offline classes based on their skill. Skillshare takes 15% of the revenue.

Zoove Raises $15 Million In Series D

Amit Chowdhry | August 17, 2011 | 422 views | Add a Comment
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Zoove has raised $15 million in Series D funding led by Panorama Capital. Existing investors that participated in this round include Cardinal Venture Capital, Highland Capital Partners, and Worldview Technology Partners. Zoove is the company that created StarStar Numbers, a registry of branded phone numbers such as **WEATHER and **SUZUKI.

Zynga Acquires Mobile Games Studio Company Astro Ape Studios

Amit Chowdhry | August 17, 2011 | 521 views | Add a Comment
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Several employees at Astro Ape Studios changed their employment status from that gaming company to Zynga on LinkedIn. What this indicates is that Zynga acquired Astro Ape Studios. Astro Ape CEO Chieh Huang switched his profile to Zynga along with Astro Ape’s director of engineering, software engineers, and graphic artists. BusinessInsider

“The Help” Becomes First Single Title To Sell A Million Copies On The Kindle

Amit Chowdhry | August 17, 2011 | 403 views | Add a Comment
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Janet Evanovich and Kathryn Stockett are two more authors that have joined a group of several authors that have sold over a million copies of their books on the Kindle. Kathryn Stockett’s first novel “The Help” has sold over one million copies of the e-book.

IPG Bought $5 Million Worth Of Facebook Equity In 2006 And Sold It For $133 Million

Amit Chowdhry | August 16, 2011 | 328 views | Add a Comment
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Interpublic Group is a global marketing communications company that invested $5 million for stake in Facebook. This gave them less than half a percent in the social networking company. Recently they sold that stake for $133 million in a privately negotiated transaction. In five years, half a percent of Facebook stock gave the communications company a $128 million in profit. Wow.

The Game Fans Duped Into Calling Sheriff’s Department After Twitter Prank

Amit Chowdhry | August 16, 2011 | 307 views | Add a Comment
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On Friday night, a tweet was sent out by rapper The Game to his 580,000 followers suggesting that if people want to become an intern for him, then call a phone number that was listed. It turns out that phone number was for the Compton Sheriff’s Department. The flood of phone calls prevented deputies from being able to respond quickly to emergency situations. The Game denied that he wrote the tweet. “@wackstar hacked my Twitter earlier….. Arrest him police… He is to blame. #TellinOnYouDemetrius.” A criminal investigation has been initiated for this case. [LA Times]

AT&T Installs 4G LTE Equipment In Apple Stores As A Test

Amit Chowdhry | August 16, 2011 | 600 views | 1 Comment
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AT&T Inc. (NYSE:T) has installed LTE-equipment in Apple retail stores to test out LTE-equipped iPhones. One piece of the equipment supports only the 700MHz and AWS bands that AT&T plans to use if their T-Mobile acquisition passes. It seems unlikely that LTE will be in the next iPhone version, but a faster-connected iPhone is inevitable in a future version. [Engadget]

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