In July, Digital Sky Technologies (DST) bought $100 million worth of Facebook stock and gained a 3.5% ownership in the company. About 2 months later, Digital Sky Technologies invested in a Russian replica of Facebook. Now Digital Sky Technologies is showing additional interest in Facebook by buying up additional shares in the top social network. DST is buying the shares directly from shareholders.
“Their appetite with me is: ‘whatever you have, we’ll take it,’” stated a source with Reuters that is a Facebook shareholder. This shareholder agreed to sell his stock to Digital Sky. DST is offering about $14.77 per share in Facebook which is the same amount that they bought the stock for back in July. Based on this price, Facebook is valuated at $6.5 billion. Facebook has about 300 million users serving about 300,000 images per second.
Facebook invested $200 million in preferred shares back in May. Between this investment and the $100 million purchase of stock back in July, this gave the company the 3.5% ownership. Facebook revenues will surpass $500 million this year.
Popularity: unranked [?]
written by Duy Phong
\\ tags: App
Alyssa Milano is best known as Samantha on Who’s The Boss? and Phoebe Halliwell on Charmed. Milano has recently been very active on Twitter. Milano recently faced the wrath of the “Tweetie mob” when she retweeted the following message:
“Boooooo!!! RT @TwitterDispatch: Tweetie ‘Upgrade’ costs the same as buying new: http://j.mp/b6VgC”
Milano was referring to the Tweetie iPhone application which costs $2.99. Given Milano’s celebrity status, it turns out that many people did not like her reaction for having to pay for an iPhone app. Frommer of BusinessInsider bashed Milano for her remarks, but I disagree with him for doing that.
Milano is entitled to her opinion just as much as Frommer is. And for those developers complaining about more people needing to support them, develop high quality apps and you will get downloads. Tweetie is one of the top grossing applications on the Apple App Store so I’m sure whoever made it is doing very well financially now.
Popularity: unranked [?]
written by Duy Phong
\\ tags: App, Apple, Application, Download, Iphone, OS
According to an SEC filing, Booyah! has raised a second round of funding. Booyah designs iPhone applications and games that allow users to earn points when achieving real life situations such as going to the gym and learning new recipes. The achievements are then shared with other friends.
Booyah is based in Palo Alto, California and previously raised $4.5 million in funding from Kleiner Perkins. The SEC document did not list who participated in this round of funding.
Popularity: unranked [?]
written by Duy Phong
\\ tags: App, Application, Game, Iphone
Loomia is a content recommendation service company that is based in San Francisco, California. The company has recently raised $1.5 million in debt funding according to an SEC filing. Last year Loomia raised $5 million in funding from Peacock Equity, Asset Management Company, and Telefonica Capital SAU. Some of Loomia’s recommendation solution customers include TIME, Motor Trend, Panasonic, and FOX Business.
Essentially Loomia monitors what type ads that website visitors respond to and shows them more of those ads. This way its better for advertisers and publishers to keep potential customers engaged. Loomia was founded by Francis Kelly and David Marks.
Popularity: unranked [?]
written by Duy Phong
\\ tags: OS
Blackwave is an Acton, Mass. based company that hosts and streams videos on the Internet. The company has recently raised $7 million in Series C from Globespan Capital Partners, Sigma Partners, and Flybridge Capital Partners. Thus far Blackwave has raised a total of $29 million in total funding.
“This renewed investment, combined with the ongoing acquisition of a range of new customers and partners, signals the market’s great confidence in our technology and our value proposition,” stated Blackwave CEO Bob Rizika.
Popularity: unranked [?]
written by Duy Phong
\\ tags: OS
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