According to TechCrunch, Airbnb, has closed on a $500 million round of funding led by private equity firm TPG with a $10 billion valuation. Airbnb is a fast growing website that lets users rent out their properties to make some extra cash and allow travelers to save some money. Airbnb has raised a total of $826 million. It is believed that Allen & Co. helped put together this round for Airbnb.
General Motors Company (NYSE:GM) is in the midst of a major recall, but it won a legal battle on Thursday in Texas. General Motors was able to fend off a potential court order on Thursday when a federal judge denied a motion that would have forced it to advise the owners of the 2.6 million recalled small cars with a faulty ignition switch to keep the cars off the road until they are fixed.
Sonos is a popular streaming music player company that is switching away from its wired network requirement. Sonos Bridge will be retired for most users in favor of WiFi. Sonos demanded at least one wired ethernet connection since it started through a single speaker (Bridge). Sonos creates its own proprietary mesh network between the rest of the speakers. SonosNet will rely on software bridging from the regular WiFi most people use in its homes to the mesh network that Sonos created. Sonos said previously that it could not rely on WiFi to accurately keep speakers its in-sync. Now individual speakers will talk directly to each other. Some users may still need a Bridge though.
Samsung’s new Milk Music streaming service will soon feature ads, according to the company blog.
Before you buy the Google Inc (NASDAQ:GOOG) Glasses product for $1,500, you could try-it-at-home as part of a pilot. 9to5Mac posted a screenshot of how it works. Reddit user clide posted an e-mail and photos of the kit he received in the mail from Google Glass as part of a trial that the company has launched.
Microsoft Corporation (NASDAQ:MSFT) has announced a pilot program called “Respond to app reviews,” which lets developers respond to reviews of Windows Phone apps directly from the Dev Center.
Facebook has launched a new feature called “Nearby Friends.” The feature tells you when your friends are nearby so that you can meet them offline.
Cloud storage company Dropbox has acquired Loom for an undisclosed amount of money. Loom’s user base will be rolled into Dropbox’s new Carousel app by May 16 and Loom will be shut down after that. Loom is no longer accepting new users. Loom’s 8-person team will be joining Dropbox to work on Carousel.