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Social NetworkingJudge Approves $9.5 Million Facebook Beacon SettlementAuthored by Mark Hefflinger on March 18, 2010 - 8:03am.
 San Francisco
- A federal judge has given final approval to a $9.5 million settlement over
Facebook's controversial Beacon advertising feature, which broadcast what users
were purchasing online to their friends. Facebook denied any wrongdoing under
the settlement, the terms of which call for the company to sink at least $6
million into a "Digital Trust Fund" that will issue grants to
researchers studying online privacy.
Report: Facebook Tops Google As Most-visited U.S. SiteAuthored by Mark Hefflinger on March 16, 2010 - 8:26am.
Palo Alto, Calif.
- Facebook topped Google (NASD: GOOG) to become the most-visited website in the U.S. last week,
according to data from audience measurement firm Hitwise. Facebook claimed
7.07% of all U.S. Internet visits last week, to Google's 7.03%.
Classmates.com to Pay $9.5 Million to Settle Class ActionAuthored by Mark Hefflinger on March 17, 2010 - 8:01am.
San Diego
- Online social network Classmates.com has agreed to pay nearly $10 million to
settle a class action lawsuit over claims of false advertising related to its
upgrade pitch to users.
Playdom Invests $5 Million in Argentina's MetroGamesAuthored by Mark Hefflinger on March 17, 2010 - 6:49am.
San Francisco - Playdom, a
publisher of social games that recently raised $43 million in financing, has
invested $5 million in the first round of funding for MetroGames, a developer
of social games based in Argentina.
Digg to Revamp Website, Add Raft of New FeautresAuthored by Mark Hefflinger on March 16, 2010 - 11:18am.
Austin
- Social news aggregation service Digg plans to launch a comprehensive redesign
of its website and service, which will enable one-click Diggs, user-selected
tagging, and more personalized homepages, among other features. Another new
feature will "mine the Twitter streams and Facebook feeds of each
logged-in Digg user, pulling in popular stories from those platforms that match
the user's interests," Digg CEO Jay Adelson told Wired.com. The new design
can be previewed at a link below, while a full public launch is not expected
for several months.
CrowdGather Acquires FreeForums.org for $1 MillionAuthored by Mark Hefflinger on March 16, 2010 - 9:46am.
Woodland Hills,
Calif. - CrowdGather, a provider
of special interest online forums and message board communities, announced on Tuesday
that it has acquired FreeForums, a provider of free forum community hosting,
for $1 million in cash and stock.
Ning CEO Bianchini Exits; Joins VC Firm Andreessen HorowitzAuthored by Mark Hefflinger on March 15, 2010 - 11:59am.
Palo Alto,
Calif. - Ning, a niche social
network creation platform, announced on Monday that co-founder and CEO Gina
Bianchini has stepped down to become an executive in residence at venture
capital firm Andreessen Horowitz. Fellow Ning co-founder Marc Andreessen made
the announcement on the company's blog. Ning chief operating officer Jason
Rosenthal will become the company's new CEO. Ning counts 45 million registered
users across its 2.3 million user-created social networks.
GyPSii Secures $11 Million for Social Mobile ApplicationsAuthored by Mark Hefflinger on March 15, 2010 - 7:23am.
Amsterdam
- GyPSii, the provider of a location-enabled social media platform, announced
on Monday that it has closed an $11 million funding round, led by Schroders.
Report: AOL Could Make More Abandoning Bebo Than Selling ItAuthored by Mark Hefflinger on March 11, 2010 - 9:55am.
New York
- As AOL (NYSE: AOL) continues to explore the sale of some of its non-core assets, TechCrunch
speculated that the company may fair better financially if it were simply to
abandon social network Bebo, rather than sell it.
Social Applications Developer LivingSocial Nabs $25 MillionAuthored by Mark Hefflinger on March 11, 2010 - 8:40am.
Washington
- LivingSocial, the developer of several popular social networking tools and a
new social commerce service, said on Thursday that it has raised $25 million in
its second round of funding, led by U.S. Venture Partners.
tags: Deals | VC | Social Networking | Revolution | U.S. Venture Partners | Grotech Ventures | LivingSocial |
MySpace Revamps Games Site, Offers iPhone Gaming AppAuthored by Mark Hefflinger on March 10, 2010 - 12:20pm.
San Francisco
- News Corp.'s (NYSE: NWS) online social network MySpace on Wednesday announced the launch of its new MySpace
Games site, aimed at improving users' gaming experiences. Unveiled at the Game
Developers Conference in San Francisco,
the site features new tools and functionality for both users and developers.
The company said that nearly one-third of its users play games on the site, and
it hopes to increase this figure to 50%. Along with the revamped site, MySpace
announced a MySpace Neon application for the iPhone that will let users access
their MySpace games on the smartphone.
Portalarium Releases Social Games Player PlatformAuthored by Mark Hefflinger on March 9, 2010 - 12:04pm.
Austin, Texas - Portalarium, the game studio
launched by veteran designer Richard Garriott, on Tuesday announced the release
of its Portalarium Player, which it says lets games developed on a wide variety
of game engines and technologies -- not just Adobe Flash -- run inside of the
major social networks. The platform is currently Windows-based, with a Mac
version in development.
NYT: Facebook to Introduce Location Sharing Tool Next MonthAuthored by Mark Hefflinger on March 9, 2010 - 10:10am.
Palo Alto,
Calif. - Facebook plans to enter
the location-based service sector next month, when it will launch a feature
that lets users chime in with their current location, The New York Times
reported, citing people briefed on the project.
"American Idol" Contestants Forced to Dump Social Media ProfilesAuthored by Mark Hefflinger on March 5, 2010 - 11:22am.
Los Angeles
- Contestants on the current season of "American Idol" have been made
to shutter existing profiles on Twitter, Facebook and MySpace, and instead have
posted notes to fans to follow them on the "official" American Idol
feed on Twitter. Several reports speculate that the reasoning was to make it
more difficult to ascertain the popularity of a contestant, based on their
popularity on social media.
Report: Mobile Use of Facebook, Twitter Surges Over Past YearAuthored by Mark Hefflinger on March 4, 2010 - 9:59am.
Reston, Va. - More people than ever are now accessing social
networking sites Facebook and Twitter from their mobile devices, with mobile
access to the sites growing 112% and 347% over the past year, respectively,
according to a new report from audience measurement firm comScore.
tags: Mobile | Social Networking | Reports | Facebook | comScore | Publishing | Research | Twitter |
Former MySpace CEO DeWolfe, Austin Ventures Buy MindJoltAuthored by Mark Hefflinger on March 4, 2010 - 8:07am.
San Francisco
- Former MySpace CEO Chris DeWolfe, along with fellow MySpace co-founders Colin
Digiaro and Aber Whitcomb, on Thursday announced that they have teamed with
venture capital firm Austin Ventures to acquire MindJolt, an online social
gaming platform.
tags: Games | Deals | Social Networking | MySpace | Acqusitions | Austin Ventures | Chris DeWolfe | MindJolt |
PlaySpan to Power Payments for Adoble AIR ApplicationsAuthored by Mark Hefflinger on March 3, 2010 - 12:57pm.
San Jose,
Calif. - Adobe (NASD: ADBE) announced on Wednesday
that it has partnered with PlaySpan, to power the payments platform for
developers of Adobe AIR applications. The platform will allow consumers to try
out applications on the Adoble AIR Marketplace before making a payment through
PlaySpan via credit card, PayPal, Ultimate Game Cards or one of 85 other
payment methods.
Social Games Publisher Playdom Acquires Offbeat CreationsAuthored by Mark Hefflinger on March 3, 2010 - 11:54am.
Mountain View, Calif. - Social games
publisher Playdom announced on Wednesday that it has acquired Offbeat
Creations, a developer of games for Facebook.
Report: Facebook Revenue to Hit $1.1 Billion This YearAuthored by Mark Hefflinger on March 3, 2010 - 9:46am.
Palo Alto,
Calif. - Facebook is expected to
generate up to $1.1 billion in total revenue this year, based on calculations made
by the blog Inside Facebook.
Exponential Entertainment Lands $700K for Social GamesAuthored by Mark Hefflinger on March 3, 2010 - 8:06am.
Seattle
- Exponential Entertainment, a developer of movie-focused online social games,
has raised $700,000 in new funding from angel investors including Band of
Angeles, VentureBeat reported.
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