While I’m not the Apple fanboy others are, even I understand the impression Steve Jobs has had on the tech industry. From the earlier days of being the upstart competitor to Bill Gates’ Kingdom of Microsoft, to the current ruler of the tech gadget movement, Jobs’ overall impact is quite apparent.
Slacker has raised $3 million in debt funding according to a SEC filing. This adds to the growing number of music startups that have gained additional funds in 2011. While Slacker is known more commonly as a rival to Pandora in the coming months, they will be taking MOG, Rdio, Rhapsody, and Thumbplay Music head-on in the subscription music service sector.
On Super Bowl Sunday, Groupon began running some ads that that some people found offensive. After the widespread outcries, Groupon CEO Andrew Mason posted an apology/explanation on the company’s blog.
Still, talk of the ads has hardly died down. Conan O’Brien has been ripping into them all week long.
eBay said it expects double-digit annual revenue and earnings growth over the next three years. The company outlined its growth plans in a meeting yesterday. eBay expects revenues to reach at least $13 billion in 2013 (compared to $9 billion in 2010).
Nokia and Microsoft announced a strategic partnership for creating a new mobile ecosystem presumably aimed at taking on Apple, Android, RIM, and HP, though Nokia CEO Stephen Elop says it’s now a "three-horse race."
Groupon employees might want to look for the quality of coffee at their workplace to improve in the near future. This afternoon, Groupon announced that Howard Schultz, the CEO of Starbucks, has joined its board of directors. Groupon got an unspecified amount of money from a VC firm, too.
Let’s cover the funding news first, since there’s not much to say. Groupon only explained in a statement, "Maveron LLC, a venture capital firm co-founded by Mr. Schultz, has invested in the company."
Rumors have indicated that Google could acquire a company called Next New Networks since at least December, and as of now, neither company has anything to announce. A new round of reports has surfaced, however, indicating that the purchase might soon occur.