Posterous Is Shutting Down On April 30th

Posterous was acquired by Twitter in March 2012.  Twitter has placed the Posterous team in various positions in their company.  Posterous will be officially shutting down on April 30th.  Posterous co-founder Garry Tan is launching a new website called Posthaven, which will not be shut down at all.

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Posterous Goes From Blog Platform To Mobile Social Network

Posterous has gone from a blog platform company that competes with Tumblr to a mobile social network that competes with Instagram. This new version of Posterous is known as Posterous 2.0. Posterous 2.0 lets users create and participate in Posterous Group through a smartphone. Posterous is like a group-texting application that has a website, but users share photos/videos instead. Posterous 2.0 supports landscape mode and you can heart and make comments on individual posts through the app. [TechCrunch]

Posterous Co-Founder Garry Tan Stepping Down To Join Y Combinator

Garry Tan, the co-founder of Posterous, is stepping down from the blog company to join Y Combinator as the designer-in-residence. “Though my day-to-day may change, my faith in the team and the product is unchanged and unwavering. Posterous is in good hands and on the right track to fulfilling its potential. I am proud of what we’ve built together and look forward to the future,” said Tan in a blog post. He will continue his involvement in Posterous as an adviser.
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Posterous Raises $4 Million From Redpoint Ventures

Posterous is a blog publishing service that has raised $4.4 million from Redpoint Ventures. Satish Dharmaraj, Partner at Redpoint is also on the company’s board of directors. Posterous was founded by Sachin Agarwal, Garry Tan, and Brett Gibson in 2008 as a Y-Combinator company. Posterous profiles have no restrictions on usage and custom CSS can be added to blogs. Posterous has about 12 million unique visitors and 25 million page views per month. [TechCrunch]

News Roundup: Google’s $1 Billion Display Ad Biz and Translator Phone, AOL Is Close To Selling ICQ, Loopt’s Local Ads, Verizon Bans 4Chan, HTC Incredible, Riddim Ribbon, Nokia Class Action Lawsuit, TweetDeck Adds Flickr

Today is Monday February 8 and Super Bowl is now over with the Saints taking the win. Congratulations to everyone in New Orleans. It is a sad day for Peyton Manning and friends, but there’s always next year. Here is your Pulse2.com technology news round up.

Google’s $1 Billion Display Ad Biz and Translator Phone

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This year, Google is expecting their display ads business to generate more than $1 billion. This is about 4% of their total sales this year. If $1 billion is achieved this year, this would be an increase of about 40% from the year before. [BusinessWeek]

Google is also rumored to be making software for a phone that would be capable of translating foreign languages on-the-fly. The software covers about 52 languages so far. [Times UK]

AOL Is Close To Selling ICQ

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According to sources with AllThingsD, AOL is close to selling off ICQ for a price that is near $200 million. ICQ has about 40-50 million active users across the world with a major penetration in Germany, Russia, Eastern Europe, and Israel. There is rumored to be about seven bids, four which are very serious. ICQ is based in Israel and has about 100 employees. ICQ is slightly profitable. [AllThingsD]

Loopt’s Local Ads

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Loopt and Mobile Spinach have partnered to provide special offers and discounts for local businesses. As of right now the service is available in San Francisco and the company expects to roll out the service to other major cities in the near future. Loopt has about 3 million users. [MediaPost]

Verizon Bans 4Chan

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4chan announced on Twitter that they have been “explicitly blocked” from Verizon. 4chan founder Christopher Poole attempted to reach Verizon to find out why they have been blocked, but Verizon was not able to give him a definitive answer as of yet. [ReadWriteWeb]

HTC Incredible

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Above is a photo that was sent to PocketNow.com and it is believed to be the Verizon HTC Incredible. The phone uses Android 2.1 with HTC Sense and there is a Snapdragon CPU inside. The phone would come with 256MB of RAM and there is a 3.5-3.7″ WVGA screen. [PocketNow]

Riddim Ribbon

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Tapulous has launched a new game called Riddim Ribbon. Tapulous decided that they wanted to move on beyond Tap Tap Revenge. The Riddim Ribbon game costs $2.99 and comes with several songs by The Black Eyed Peas. [Tapulous]

Nokia Class Action Lawsuit

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A class action complaint has been made against Nokia alleging that the phone company had committed securities fraud. The complaint was filed at the U.S. District Court for the Southern District of New York. [PCWorld]

TweetDeck Adds Flickr

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TweetDeck has created a new version of their desktop Adobe AIR-based software that allows you to view YouTube videos and add Flickr support within the software. The company has also increased the Twitter API requests for up to 350 API calls per hour. Posterous is also now supported. [Mashable]