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InternetOnline Gambling Bill Passes House Financial Services CommitteeAuthored by Mark Hefflinger on July 28, 2010 - 8:48am.
 Washington - A bill that would legalize some forms of online
gambling in the U.S. has passed a vote in the U.S. House Committee on Financial
Services. Introduced by Rep. Barney Frank (D-Mass.), chair of the committee,
the Internet Gambling Regulation and Consumer Protection and Enforcement Act
was approved by a 41-22 vote in the committee.
Yahoo Japan Dumps Microsoft, Signs Search Deal With GoogleAuthored by Mark Hefflinger on July 27, 2010 - 8:29am.
 Sunnyvale, Calif. - Yahoo Japan, a joint venture between the
company and Softbank, has signed a deal to switch from using Microsoft's (NASD: MSFT) search
results to Google's (NASD: GOOG), All Things D reported. Under the terms, Yahoo Japan will use
Google's search results, in addition to Google's search ad technology platform.
USC Survey Finds 0% of Internet Users Would Pay for TwitterAuthored by Mark Hefflinger on July 26, 2010 - 9:03am.
 Los Angeles - A new study from the Center for Digital Future
at USC's Annenberg School for Communication & Journalism found that 49% of
respondents have used free micro-blog sites like Twitter -- but 0% of those
polled said they would pay to use Twitter. "Such an extreme finding that
produced a zero response underscores the difficulty of getting Internet users
to pay for anything that they already receive for free," said Jeffrey
Cole, the center's director.
tags: Advertising | Social Networking | Reports | Publishing | Research | Twitter | Center for Digital Future |
Social Games Firm Zynga, Softbank Form Joint Venture in JapanAuthored by Mark Hefflinger on July 29, 2010 - 7:42am.
San Francisco - Social games publisher Zynga announced on
Thursday that it has formed a joint venture with Japan's Softbank to accelerate
development of the social game industry in Asia.
Amazon Debuts Facebook Recommendations FeatureAuthored by Mark Hefflinger on July 28, 2010 - 11:41am.
Seattle - Amazon.com (NASD: AMZN) has launched a new integration with
Facebook that provides product recommendations based on what your friends have
said they liked on Facebook, TechCrunch reports. The feature will not share a
user's purchase history on Amazon with Facebook users.
News Corp. Gamer Site IGN Launches Social NetworkAuthored by Mark Hefflinger on July 28, 2010 - 11:40am.
Los Angeles - News Corp.'s (NYSE: NWS) IGN Entertainment on Wednesday
launched a new social network aimed at gamers. The MyIGN social network will
become a part of the company's flagship IGN site, which counts 12.7 million
monthly visitors. In addition to profiles and news feeds, the service lets
users follow particular IGN writers, and will eventually provide matching
services for gaming.
Facebook Debuts Beta of Question-and-Answers FeatureAuthored by Mark Hefflinger on July 28, 2010 - 9:33am.
Palo Alto, Calif. - Facebook on Wednesday debuted a new
question-and-answers feature, which lets members pose questions to their
friends as well as the other 500 million users of the site.
Report: Mobile Location Services Not Ripe for Marketers YetAuthored by Mark Hefflinger on July 28, 2010 - 9:15am.
Cambridge, Mass. - Just 4 in 100 online adults has ever used
a location-based mobile service like Foursquare, Gowalla or Loopt, and only 1%
of these people "check-in" on such services more than once a week,
according to a report from market research firm Forrester.
tags: Mobile | Marketing | Advertising | Reports | Forrester Research | Research | Gowalla | Foursquare |
Study: Social Networks Reach Higher Percentage of WomenAuthored by Mark Hefflinger on July 28, 2010 - 8:46am.
Reston, Va. - Social networking sites like Facebook and
MySpace reach a higher percentage of women than men globally, according to a
new report from Internet audience measurement firm comScore.
Reports: Facebook to Acquire Hot PotatoAuthored by Mark Hefflinger on July 28, 2010 - 8:05am.
Palo Alto, Calif. - Facebook will acquire Hot Potato, a
start-up focused on chat applications for live events, for between $10 million
and $15 million, people familiar with the deal told All Things D.
Philo Receives Funding for Social TV ApplicationAuthored by Mark Hefflinger on July 28, 2010 - 5:45am.
New York - Philo, the developer of a social television
platform, announced on Wednesday that it has raised an undisclosed sum of
financing, from investors including North Bridge Venture Partners and DFJ
Gotham Ventures.
tags: Deals | VC | Social Networking | TV | North Bridge Venture Partners | Philo | DFJ Gotham Ventures |
Last.fm U.S. User Base Up 90% in Past Year to 8 MillionAuthored by Mark Hefflinger on July 27, 2010 - 10:13am.
London - Last.fm, the social music discovery service owned
by CBS (NYSE: CBS), has seen 90% audience growth in the U.S. over the past 12 months, where
it now counts over 8 million users, CBS Interactive music president David
Goodman told the Guardian. The U.S. users of Last.fm are generating between 30
and 40 million pieces of data on what songs they are listening to, which
equates to about 1,000 scrobbles per second.
Knewco Secures $1.2 Million for In-Text Ad PlatformAuthored by Mark Hefflinger on July 27, 2010 - 7:51am.
Bethesda, Md. - Knewco, a developer of in-text advertising
technology aimed at helping advertisers more accurately target potential
clients, has raised $1.2 million in a new round of equity funding, according to
a filing with the Securities and Exchange Commission (SEC).
Triangulate Gets $750K for 'Wings' Facebook Dating AppAuthored by Mark Hefflinger on July 27, 2010 - 7:02am.
Palo Alto, Calif. - Triangulate, the developer of a social
dating application for Facebook called Wings, has raised $750,000 in new
funding from Trinity Ventures and Rick Thompson, chairman of social games
publisher Playdom.
Blog Ad Network BuzzLogic Raises $8.8 MillionAuthored by Mark Hefflinger on July 27, 2010 - 6:32am.
San Francisco - BuzzLogic, the operator of a blog ad network
and provider of conversational media marketing services, announced on Tuesday
that it has raised $8.8 million in a second round of funding.
tags: Deals | VC | Marketing | Advertising | Blogs | Publishing | BuzzLogic | Ackerley Partners | Adams Capital Management |
Digital Ad Firm Eyeblaster Files for $92 Million IPOAuthored by Mark Hefflinger on July 26, 2010 - 7:28am.
New York - Eyeblaster, a provider of digital advertising and
marketing services, said on Monday that it now plans to raise up to $92 million
in an initial public offering (IPO) of shares, PaidContent reported, citing a regulatory filing.
Glam Media to Acquire AdPortal, Launch Self-Service PlatformAuthored by Mark Hefflinger on July 23, 2010 - 7:13am.
New York - Glam Media, the operator of a network of
female-focused blogs and a complementary ad network, announced on Friday that it
will acquire AdPortal, a developer of advertising technology for publishers.
TurnHere Lands $3 Million for Web Video, Ad ProductionAuthored by Mark Hefflinger on July 23, 2010 - 6:19am.
Emeryville, Calif. - TurnHere, a provider of Web video
production and online advertising services for businesses, has raised $3
million in new venture capital financing, PEHub.com reported, citing a
regulatory filing.
RockYou Inks Exclusive Deal to Use Facebook CreditsAuthored by Mark Hefflinger on July 22, 2010 - 10:11am.
Los Angeles - Social games and applications developer
RockYou has signed a five-year deal to exclusively use Facebook Credits as its
virtual currency, TechCrunch reported. Fellow social games publisher Zynga
recently signed a similar deal to offer Facebook Credits as a virtual currency
option for its games -- although that deal is not exclusive. Under Facebook's
terms, developers receive 70% of revenue from Facebook Credits, while Facebook
retains the rest.
Social Wagering Service Betable Raises $3 MillionAuthored by Mark Hefflinger on July 22, 2010 - 6:22am.
London - Betable, an online wagering service that lets users
create their own bets, has raised $3 million in first round funding led by
Atomico, the venture capital firm launched by Skype and Kazaa creators Niklas
Zennstrom and Janus Friis, PaidContent reported.
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