Earlier this week at the I/O 2013 conference, Google discussed with developers how to make money on the Android. According to TechCrunch, Google announced some of the stats around Google Play revenues. Google revealed that in-app purchase revenues through Google Play is up 700% since the same time last year. This is evident in the highest grossing rankings section in Google Play.
Marketo Inc (NASDAQ:MKTO) went public on Friday and their stock price increased over 78% from the opening price of $13 to $23.10. The venture capital firm InterWest Partners had a 33.3% stake in Marketo that was worth $302 million in the pre-sale and is now worth up to over $565 million according to AllThingsD.
Ray William Johnson runs a popular YouTube channel that has around 8.75 million subscribers and hit around 2.3 billion views total. Ray William Johnson’s YouTube show is called “=3″ and due to his popularity, he has signed a script deal with FX Networks. Johnson had the most subscribed channel on YouTube for a period last year. He ran into a major contract dispute with Maker Studios and walked away from the multichannel network to set up his own production studio called Runaway Planet.
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Twitter and the National Basketball Association have partnered with each as part of a plan for Twitter to expand beyond 140-character status updates. NBA Digital, a joint venture between the NBA and TBS, is going to post game highlights on Twitter during the playoffs using the hashtag #NBARapidReplay, according to Twitter president of global revenue Adam Bain. Short advertisements will appear side-by-side with the clips too.
DIRECTV (NASDAQ:DTV) is currently reviewing a deal to buy out Hulu, according to sources with The Wall Street Journal. Hulu is owned by The Walt Disney Company, News Corporation, and Comcast Corporation. The three parent companies have been exploring strategic options for Hulu including a sale. Some of the other companies that have expressed interest in buying out Hulu include Time Warner Cable, private equity firm Guggenheim Partners, Yahoo! Inc., and The Chernin Group.
General Motors Company (NYSE:GM) is seeing their stock price steadily increasing. The company’s stock price cloud at $33.42 per share on Friday, which is up 3.18%. This is the company’s highest close in over two years. This stock price beats the company’s initial public offering price at $33 per share in November 2010. The increases started earlier this year as the company saw an increase in sales throughout the United States, China, and Europe.
We already knew that Tyler and Cameron Winklevoss were Bitcoin enthusiasts. The brothers own around 1% of the Bitcoin currency, which is reportedly now worth about $11 million. Recently the brothers have reaffirmed their commitment to the P2P open source currency by investing in a Bitcoin trading platform called BitInstant. The investment was made through the Winklevoss Capital, a VC firm started by the two brothers. BitInstant has raised a total of $1.5 million in seed funding led by Winklevoss Capital with participated from other investors including David Azar.
Ringadoc is a doctor-patient communications company that strives to increase office efficiency and the simplification of doctor-patient engagement. Ringadoc runs a cloud-based automated answering service that has handled over 100,000 calls for practices across the country. Ringadoc has raised $700,000 in seed funding to fuel their growth. The Founders Fund’s seed vehicle FF Angel led this round of funding. Ringadoc has raised a total of $1.9 million in seed funding.
