Groupon Grabs $250M Investment, Comcast Partnership

Groupon announced that it has secured a new $250 million investment from independent private company Atairos, which supports growth-oriented businesses. Michael Angelakis, Chairman and CEO of Atairos, will also join Groupon’s Board of Directors. Atairos laucnhed earlier this year with…

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…

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…

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…

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…

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…

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…

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…

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…

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…