All Posts Tagged Tag: ‘Investments’

Yahoo Is Reportedly Investing in Snapchat and Its Sky-High Valuation

Yahoo is one of the backers that’s ready to throw out a funding round that values Snapchat at $10 billion, according to reports. The Wall Street Journal quotes the all-knowing and omnipresent “people familiar with the matter”, who claim that Yahoo and Snapchat have been talking and the former is set to invest an unknown amount in the latter. Snapchat’s …

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Google Announces Google Capital Investment Fund For Growth-Stage Businesses

Google announced the launch of a new growth equity fund called Google Capital. It’s backed by the company, and led by partners David Lawee, Scott Tierney and Gene Frantz. Google describes the fund as a growth-stage business counterpart to Google Ventures, which launched five years ago. “Like our colleagues at Google Ventures, our goal is to invest in the most …

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Microsoft Invests $15M in Foursquare, Acquires Location Data for Bing, Windows

Foursquare has just received a cash injection from Microsoft, and Microsoft products will soon sport billions of Foursquare data points. The two companies have just announced a strategic partnership that will see Windows OS, as well as Bing, receive location information from the popular check-in app. “So, in the near future, when you use Microsoft devices powered by the Windows …

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Bill Gates’ Tops Forbes 400 Again, Grows Even Wealthier

The old cliche, “Money makes money,” is quite factual when it comes to billionaire business magnate, Bill Gates. The man just keeps getting richer with time. Topping the Forbes’ 400 list for the 20th consecutive year, Gates has been deemed the wealthiest man in America yet again. While everyone commonly accredits Gates’ accumulation of wealth to the ever-successful Microsoft Corporation, …

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Foursquare Gets $41 Million in Funding to Help Build the ‘Location Layer for the Internet,’ Better Monetize

Foursquare has announced that the company has secured $41 million in funding from private equity firm Silver Lake Waterman, as well as existing investors Andreessen Horowitz, O’Reilly AlphaTech Ventures, Spark Capital, and Union Square Ventures. CEO Dennis Crowley announced the funding Thursday morning. “The stuff we’re building takes a lot of work. Look at yesterday’s big update, for example. The …

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Winklevoss Twins Hukk $750,000 at Online Shopping Startup Hukkster

Earlier this year, Cameron and Tyler Winklevoss started Winklevoss Capital, their own private venture capital firm. Shortly after that, the two purchased an $18 million, 8,000 sq ft mansion in Los Angeles, reportedly signifying an expansion of the firm to the west coast (they already have offices in NYC). In September, Winklevoss Capital made its first major investment. They put …

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Winklevoss Twins Pump $1 Million into Divya Narendra’s SumZero

Cameron and Tyler Winklevoss have put their hands into another social network, but this one doesn’t involve likes, pokes, or any photos of obscure friends’ babies. The Winklevii, best known for the part they played in the creation of Facebook and the years-long lawsuit that followed, have just invested $1 million into a four-year-old startup, SumZero. SumZero bills itself as …

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Facebook Backs Asian Underwater High-Speed Cable Initiative

Facebook has invested in a project to help boost internet speed and availability to nearly a dozen Asia-Pacific countries, according to the BBC. The Asia Pacific Gateway project, which was finalized in December fo 2011, is working to build a massive underwater cable network stretching from Malaysia to South Korea and Japan. Along the way, the network will also flow …

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Facebook Underwriters Unsure About Q2 Performance

Estimates of Facebook’s second quarter financial performance are starting to pour in, and not surprisingly, the social network’s lead underwriters are predicting some of the lowest numbers. The general estimation for Facebook revenue comes in at around $1.16 billion and $0.12 per share. Morgan Stanley is saying it will be more like $1.11 billion with $0.10 per share. Goldman Sachs …

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LivingSocial Not Going Public Anytime Soon

In light of the totally botched Facebook IPO, it’s no wonder many tech companies are in no hurry to go public. According to LivingSocial CEO Tim O’Shaugnessy, you can add LivingSocial to that list. Despite recent losses for the company, they are aren’t hurting for the capital an IPO would bring in. LivingSocial was recently able to raise $600 million …

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Google Stock Split Ensures Continued Control

Yesterday, at Google’s annual shareholders meeting, a decision to split stock and introduce a new class of non-voting stock was approved. The good news for the company’s co-founders, Larry Page and Sergey Brin, they maintain their majority 56 percent voting power at Google. The issue of undermining their authority arose as the company continued to issue more shares to finance …

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Mark Cuban Admits He Was Wrong About Facebook

Mark Cuban, who has been a steadfast supporter of Facebook throughout the IPO process, and an investor who purchased 150,000 shares of the company, is coming forward today to say he was wrong about the company. He has decided to sell off his huge collection of Facebook shares and is now saying it just isn’t a good investment. Ouch! That …

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