SAN FRANCISCO (Reuters) – Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public. The price was stunning for an apps-maker without any significant revenue, even when measured by the lofty [...]
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(TechCrunch) – A tipster informs us that Power.com is no more and that the domain name will be sold through an auction that ends on August 17, 2011. Interested parties can pre-register on the hideous, superlative-laden website in order to receive detailed instructions for the auction in May 2011. Power.com originally made its debut in [...]
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Facebook has raised US$500 million from Goldman Sachs and a Russian investor, even as the U.S. Securities and Exchange Commission has reportedly opened an inquiry into private trading at the social-networking giant and other tech companies, according to news reports. Goldman Sachs has invested $450 million in Facebook, and Digital Sky Technologies, a Russian investment [...]
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Bamizon.com has learned the custom splash page and personal analytics dashboard About.me had been sold to AOL less than a week after its launch to the public. About.me founded by Tony Conrad, Ryan Freitas and Tim Young in 2009 and raised $425,000 in funding from investors. About.me allows users to build a simple personal profile [...]
Google is prepared to pay $5 billion to $6 billion for Groupon, the daily deals site, people familiar with the deal said Monday. Groupon could approve the deal as early as this week, but the talks could still collapse, said these people, who spoke on the condition of anonymity. At that price, Groupon would be [...]
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Go Daddy, the largest domain registration website in the world, made a pretty dramatic change on its main page. Instead of featuring .COM as the default domain extension on its search box, Go Daddy has changed to the just launched .CO era as the default domain choice. Twitter uses a .CO extension for its URL [...]
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Facebook announced a new Deals platform at a press conference at its head office today. Deals platform allows local merchants to target and offer deals to Facebook users. Deals allows users to find specials around them, and it allows merchants to offer specials to drive more business, without paying Facebook a dime. Deals can offer [...]
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