http://news.softpedia.com Softpedia News - Finances Softpedia News en-us 2001 - 2012 Softpedia. All rights reserved. Tue, 29 May 2012 01:03:40 GMT Tue, 29 May 2012 01:03:40 GMT News http://blogs.law.harvard.edu/tech/rss 10 http://news.softpedia.com/base_img/softpedia_logo.gif http://news.softpedia.com http://news.softpedia.com/news/Facebook-and-the-Banks-Botched-the-IPO-but-It-s-Not-as-Bad-as-It-Seems-271544.shtml Facebook's IPO will go down in history, but as one of the messiest ever. It's not the disaster that many are portraying it to be, but there are several things that could have gone a lot better. The most obvious one is the fact that share price fell considerably from the opening price and has only now stabilized.

read more)]]> Thu, 24 May 2012 14:00:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Facebook-and-the-Banks-Botched-the-IPO-but-It-s-Not-as-Bad-as-It-Seems-271544.shtml Finances http://news.softpedia.com/news/Facebook-and-the-Banks-Botched-the-IPO-but-It-s-Not-as-Bad-as-It-Seems-271544.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Japan-s-Rakuten-Buys-Into-Pinterest-in-Monster-1-5-Billion-1-18-Billion-Round-270091.shtml Pinterest has been growing like crazy, even if it's slowing down a bit. It's like nothing we've seen before, though it will likely be overtaken by some hot new startup in the coming years. In the meantime, Pinterest is the company to watch.

It's no surprise then that it's been able to raise funds at a rat... (read more)]]> Thu, 17 May 2012 08:53:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Japan-s-Rakuten-Buys-Into-Pinterest-in-Monster-1-5-Billion-1-18-Billion-Round-270091.shtml Finances http://news.softpedia.com/news/Japan-s-Rakuten-Buys-Into-Pinterest-in-Monster-1-5-Billion-1-18-Billion-Round-270091.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Groupon-Expands-Portfolio-with-Two-Acquisitions-253729.shtml The daily deals giant is on a spending spree, buying two companies in consecutive days. First it acquired Hyperpublic, a geo-location database maker, and them it bought Kima Labs, famous for creating Barcode Hero, an iPhone app for scanning barcodes.

Prior to the acquisitions, Groupon also announced a special VIP program for its users.<... (read more)]]> Sat, 18 Feb 2012 13:30:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Groupon-Expands-Portfolio-with-Two-Acquisitions-253729.shtml Finances http://news.softpedia.com/news/Groupon-Expands-Portfolio-with-Two-Acquisitions-253729.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Zynga-Shares-Drop-After-Q4-Results-Announcement-253109.shtml Totally unexpected for most, Zynga shares dropped 12.52% the day following its 2011 Q4 results were made public. Even if the company recorded growth across the board in major site indicators, it still recorded a net loss in the financial column.

On February 14th, before the aforementioned Q4 announcement, Zynga stock was flying high, up... (read more)]]> Wed, 15 Feb 2012 17:54:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Zynga-Shares-Drop-After-Q4-Results-Announcement-253109.shtml Finances http://news.softpedia.com/news/Zynga-Shares-Drop-After-Q4-Results-Announcement-253109.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Facebook-Files-for-Record-Breaking-10-Billion-7-62-Billion-IPO-250203.shtml The inevitable has happened, Facebook has filed for an initial public offering (IPO). It wasn't much of a secret that the company was going to do it on the first day of February. In fact, nothing about the IPO has been much of a secret for a long time.

The company is looking to raise $5 billion, €3.81 billion in th... (read more)]]> Thu, 2 Feb 2012 10:30:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Facebook-Files-for-Record-Breaking-10-Billion-7-62-Billion-IPO-250203.shtml Finances http://news.softpedia.com/news/Facebook-Files-for-Record-Breaking-10-Billion-7-62-Billion-IPO-250203.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/SoundCloud-Raises-50-Million-38-6-Million-to-Become-the-YouTube-of-Audio-244004.shtml SoundCloud has announced a major investment from several venture capital firms. Though the sum is undisclosed, it's pegged at $50 million, giving the company a valuation of $200 million, €154 million. It's a big sum, but the investment firms get a big chunk of the company in return.

"SoundCloud, the leadi... (read more)]]> Tue, 3 Jan 2012 10:40:00 GMT Softpedia News - Finances http://news.softpedia.com/news/SoundCloud-Raises-50-Million-38-6-Million-to-Become-the-YouTube-of-Audio-244004.shtml Finances http://news.softpedia.com/news/SoundCloud-Raises-50-Million-38-6-Million-to-Become-the-YouTube-of-Audio-244004.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Research-Values-Internet-Revenue-at-8-Trillion-US-Dollars-232894.shtml Trying to put the hype into numbers, McKinsey & Company concluded a research to evaluate the Internet's impact on the World's economy. It approximates the Internet's total revenue at around $8 trillion.

The research only took data from 13 countries, the G8, meaning Canada, France, Germany, Italy, Japan, Russia, the United King... (read more)]]> Mon, 7 Nov 2011 16:26:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Research-Values-Internet-Revenue-at-8-Trillion-US-Dollars-232894.shtml Finances http://news.softpedia.com/news/Research-Values-Internet-Revenue-at-8-Trillion-US-Dollars-232894.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Nginx-Raises-3-Million-2-2-Million-to-Fund-Expansion-to-US-Commercial-Version-227251.shtml
"Open source web server developer NGINX has received $3 million in a fully subscribed Series A round," the company said in a press release.

... (read more)]]> Wed, 12 Oct 2011 14:02:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Nginx-Raises-3-Million-2-2-Million-to-Fund-Expansion-to-US-Commercial-Version-227251.shtml Finances http://news.softpedia.com/news/Nginx-Raises-3-Million-2-2-Million-to-Fund-Expansion-to-US-Commercial-Version-227251.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Univision-Telenovelas-Coming-to-Hulu-226057.shtml US TV network Univision has reached a non-exclusive content agreement with Hulu for most of their prime time TV shows and movies.

The announcement got lost in many news rooms after  Apple announced the death of their legendary and highly respected founder and former CEO, Steve Jobs.

The deal's financial details weren't made public,... (read more)]]> Thu, 6 Oct 2011 14:51:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Univision-Telenovelas-Coming-to-Hulu-226057.shtml Finances http://news.softpedia.com/news/Univision-Telenovelas-Coming-to-Hulu-226057.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Adobe-Acquires-Typekit-Web-Typography-Pioneer-225243.shtml At their annual MAX conference, Kevin Lynch, Adobe's CTO announced the acquisition of Typekit, a true innovator in the world of web typography, and the most successful service in delivering web fonts to sites across the web.

If now everybody looks and expects to see non-standard web fonts in live websites, this was not the norm a few year... (read more)]]> Tue, 4 Oct 2011 07:19:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Adobe-Acquires-Typekit-Web-Typography-Pioneer-225243.shtml Finances http://news.softpedia.com/news/Adobe-Acquires-Typekit-Web-Typography-Pioneer-225243.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Tumblr-Is-Bigger-than-Wikipedia-in-Terms-of-Page-Views-223876.shtml Tumblr has announced a massive new funding round, raising $85 million, 63 million Euro, at an estimated valuation of at least $800 million, 590 million Euro. It's the biggest sum the site has ever raised and it says the money will help it fuel the growth it's been seeing in recent years, in the past year in particular.

The bl... (read more)]]> Tue, 27 Sep 2011 08:40:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Tumblr-Is-Bigger-than-Wikipedia-in-Terms-of-Page-Views-223876.shtml Finances http://news.softpedia.com/news/Tumblr-Is-Bigger-than-Wikipedia-in-Terms-of-Page-Views-223876.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Facebook-May-Not-Have-Created-235-644-New-Jobs-but-the-App-Economy-Is-Real-222571.shtml With the economy looking the way it does, there's no surprise that people will cling on to any sign of hope. And when studies show up saying that Facebook is doing a better job at creating new jobs than the US government and that the site, specifically its platform, alone is responsible for creating perhaps more than 200... (read more)]]> Tue, 20 Sep 2011 11:30:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Facebook-May-Not-Have-Created-235-644-New-Jobs-but-the-App-Economy-Is-Real-222571.shtml Finances http://news.softpedia.com/news/Facebook-May-Not-Have-Created-235-644-New-Jobs-but-the-App-Economy-Is-Real-222571.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/HootSuite-Buys-Twitter-Analytics-Firm-TwapperKeeper-222454.shtml The popular social media dashboard HootSuite announced the acquisition of TwapperKeeper, a Twitter archiving and analytics tool.

Soon after securing a new round of funding from established investors, HootSuite went on a shopping spree and bought TwapperKeeper, a very small but promising startup focused on storing, archiving, organiz... (read more)]]> Mon, 19 Sep 2011 17:01:00 GMT Softpedia News - Finances http://news.softpedia.com/news/HootSuite-Buys-Twitter-Analytics-Firm-TwapperKeeper-222454.shtml Finances http://news.softpedia.com/news/HootSuite-Buys-Twitter-Analytics-Firm-TwapperKeeper-222454.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Dropbox-Said-to-Be-Settling-for-Only-4-Billion-Valuation-in-Upcoming-Investment-Round-219591.shtml Dropbox is said to be forced to live with only a $4 billion valuation, while previous figures were between $5 billion and as much as $10 billion. Apparently, Dropbox only wanted the money from particular investors, so it had to drop the valuation to secure their participation.

Regardless, it's a... (read more)]]> Wed, 31 Aug 2011 12:07:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Dropbox-Said-to-Be-Settling-for-Only-4-Billion-Valuation-in-Upcoming-Investment-Round-219591.shtml Finances http://news.softpedia.com/news/Dropbox-Said-to-Be-Settling-for-Only-4-Billion-Valuation-in-Upcoming-Investment-Round-219591.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Reddit-Makes-First-Acquisition-Buys-Its-Own-Community-s-Project-218477.shtml Not quite the resounding acquisition someone might be expecting, but Reddit indeed made its first move on another business. The company bought redditgifts.com, a Secret Santa project started by two of its own users after a community discussion.

RedditGifts started back in 2009, after public talks on Reddit requested a Se... (read more)]]> Wed, 24 Aug 2011 14:39:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Reddit-Makes-First-Acquisition-Buys-Its-Own-Community-s-Project-218477.shtml Finances http://news.softpedia.com/news/Reddit-Makes-First-Acquisition-Buys-Its-Own-Community-s-Project-218477.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/DST-Said-to-Be-Leading-8-Billion-Twitter-Founding-Round-210474.shtml While plenty of hot internet companies are going public, at generous valuations, Twitter seems to be perfectly happy with being a private company.

The minuscule ad revenue it drives may be part of the reason, or the main reason, but that doesn't seem to be putting off potential investors, as the latest funding round, which ... (read more)]]> Fri, 8 Jul 2011 11:11:01 GMT Softpedia News - Finances http://news.softpedia.com/news/DST-Said-to-Be-Leading-8-Billion-Twitter-Founding-Round-210474.shtml Finances http://news.softpedia.com/news/DST-Said-to-Be-Leading-8-Billion-Twitter-Founding-Round-210474.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/eBay-Buys-Zong-for-240-Million-210375.shtml eBay consolidated PayPal's mobile payments reach by acquiring Zong, a world-wide mobile payments platform. This transaction will fit perfectly in PayPal's new strategy, focused on digital goods and micro-transactions.

Zong allows service payments through mobile carrier billing. The company currently serving 3.2 billion users in 21 languages, 45 countrie... (read more)]]> Thu, 7 Jul 2011 16:07:00 GMT Softpedia News - Finances http://news.softpedia.com/news/eBay-Buys-Zong-for-240-Million-210375.shtml Finances http://news.softpedia.com/news/eBay-Buys-Zong-for-240-Million-210375.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Private-Equity-Companies-Buy-Large-Stake-in-Go-Daddy-209563.shtml Go Daddy, the domain registrar and web hosting company, has announced that it is entering a partnership with several private equity companies which will now own a stake in the company. Contrary to some initial reports, Go Daddy was not acquired, Bob Parsons, CEO and founder, will retain a stake in the company.

"[Go Daddy] annou... (read more)]]> Mon, 4 Jul 2011 09:52:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Private-Equity-Companies-Buy-Large-Stake-in-Go-Daddy-209563.shtml Finances http://news.softpedia.com/news/Private-Equity-Companies-Buy-Large-Stake-in-Go-Daddy-209563.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Spotify-Raises-100-Million-in-1-Billion-Funding-Round-206839.shtml Spotify seems to be on a roll lately, not only is it getting very close to launching in the US, thanks to licensing deals with the major record labels, but it has also raised $100 million from several investors at a valuation of about $1 billion.

According to All Things D, Spotify has closed its latest funding round which netted i... (read more)]]> Fri, 17 Jun 2011 15:42:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Spotify-Raises-100-Million-in-1-Billion-Funding-Round-206839.shtml Finances http://news.softpedia.com/news/Spotify-Raises-100-Million-in-1-Billion-Funding-Round-206839.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/eBay-to-Acquire-Magento-Open-Source-E-commerce-Leader-204594.shtml Following posts on both official blogs, eBay announced an agreement to acquire Magento Inc., the company behind the leading open-source e-commerce platform by the same name.

eBay currently holds 49% of Magento Inc., following a previous $22.5 million investment.

At the end of Q3, when the transaction is expected to clos... (read more)]]> Tue, 7 Jun 2011 07:45:00 GMT Softpedia News - Finances http://news.softpedia.com/news/eBay-to-Acquire-Magento-Open-Source-E-commerce-Leader-204594.shtml Finances http://news.softpedia.com/news/eBay-to-Acquire-Magento-Open-Source-E-commerce-Leader-204594.shtml#review_zone Softpedia News (Catalin Cimpanu) http://news.softpedia.com/news/Groupon-Files-for-15-Billion-IPO-204088.shtml Groupon has made it official and has filed for an initial public offer, tentatively valuating the company at $15 billion and selling $750 million worth of stock. With its intention to go public, Groupon also revealed some interesting internal numbers, showing just how well, or not, it has been doing.

As expected, Groupon is making tons of money and gr... (read more)]]> Fri, 3 Jun 2011 09:11:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Groupon-Files-for-15-Billion-IPO-204088.shtml Finances http://news.softpedia.com/news/Groupon-Files-for-15-Billion-IPO-204088.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Zynga-to-File-for-an-IPO-This-Week-Dwarfing-both-LinkedIn-and-Yandex-in-Valuation-203046.shtml Following two very successful web IPOs in the past couple of weeks, it looks like the time is right for hot internet companies to be going public. Investors are clearly hungry for this type of companies and the high valuations they fetch could mean a lot of money for the companies, their founders and existing vent... (read more)]]> Mon, 30 May 2011 08:50:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Zynga-to-File-for-an-IPO-This-Week-Dwarfing-both-LinkedIn-and-Yandex-in-Valuation-203046.shtml Finances http://news.softpedia.com/news/Zynga-to-File-for-an-IPO-This-Week-Dwarfing-both-LinkedIn-and-Yandex-in-Valuation-203046.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Yandex-Raises-1-3-Billion-in-High-Profile-IPO-202183.shtml There is a lot of interest in tech companies these days and the initial public offer of Russia's dominant search engine Yandex is yet another indication, after LinkedIn's great start last week. Yandex stock surged 55 percent from the opening price.

Yandex, which gets more than 60 percent of the searches in Russia, has been looking to go p... (read more)]]> Wed, 25 May 2011 08:25:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Yandex-Raises-1-3-Billion-in-High-Profile-IPO-202183.shtml Finances http://news.softpedia.com/news/Yandex-Raises-1-3-Billion-in-High-Profile-IPO-202183.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/LinkedIn-Shares-Surge-in-First-Day-of-Trading-Company-Now-Worth-8-9-Billion-201448.shtml The first of a string of highly anticipated tech company IPOs was a huge success, judging by the first day of trading. Shares of LinkedIn, which started trading yesterday on the New York Stock Exchange, surged from their initial price of $45, which plenty were saying was too high, to as much as $122 and settled at aroun... (read more)]]> Fri, 20 May 2011 08:30:00 GMT Softpedia News - Finances http://news.softpedia.com/news/LinkedIn-Shares-Surge-in-First-Day-of-Trading-Company-Now-Worth-8-9-Billion-201448.shtml Finances http://news.softpedia.com/news/LinkedIn-Shares-Surge-in-First-Day-of-Trading-Company-Now-Worth-8-9-Billion-201448.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/LinkedIn-to-Go-Public-Momentarily-Valued-at-4-3-Billion-201310.shtml LinkedIn, the professional social network is finally going public, later today. It's the first social networking IPO, the first big Web 2.0 IPO and the first of a string of very hot initial offers coming, Zynga, Groupon and, of course, Facebook.

LinkedIn shares will be traded on the New York Stock Exchange under the ticker LNKD.... (read more)]]> Thu, 19 May 2011 12:20:00 GMT Softpedia News - Finances http://news.softpedia.com/news/LinkedIn-to-Go-Public-Momentarily-Valued-at-4-3-Billion-201310.shtml Finances http://news.softpedia.com/news/LinkedIn-to-Go-Public-Momentarily-Valued-at-4-3-Billion-201310.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Skype-Founders-Sell-the-Company-for-the-Second-Time-for-a-Cool-1-1-Billion-199539.shtml Everyone is buzzing over the huge and somewhat surprising Microsoft - Skype acquisition. The software giant intends to buy the VoIP provider for $8.5 billion in cash, a big premium over current valuations for Skype.

The $8.5 billion Microsoft is paying will be divided among several investment firms and a coup... (read more)]]> Tue, 10 May 2011 13:50:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Skype-Founders-Sell-the-Company-for-the-Second-Time-for-a-Cool-1-1-Billion-199539.shtml Finances http://news.softpedia.com/news/Skype-Founders-Sell-the-Company-for-the-Second-Time-for-a-Cool-1-1-Billion-199539.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/AOL-Display-Revenue-On-the-Rise-but-the-Picture-is-Still-Bleak-198386.shtml AOL has posted its Q1 financial results and they're not looking great. That's not much of a surprise, AOL has been losing revenue and profits for years now and, in that light, the numbers are not that bad, they're above Wall Street expectations, in fact.

AOL revenue for Q1 was $551.4 million, down from $664.3 million in t... (read more)]]> Wed, 4 May 2011 13:00:00 GMT Softpedia News - Finances http://news.softpedia.com/news/AOL-Display-Revenue-On-the-Rise-but-the-Picture-is-Still-Bleak-198386.shtml Finances http://news.softpedia.com/news/AOL-Display-Revenue-On-the-Rise-but-the-Picture-is-Still-Bleak-198386.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Facebook-s-Profits-Soaring-Could-Be-Heading-Towards-a-100-Billion-Valuation-197913.shtml Facebook's valuation has been raising eyebrows ever since Microsoft invested at, what seemed then, a huge valuation of $15 billion. That was four years ago, the latest reports indicate that Facebook may be worth $100 billion by the time it finally goes public, at least in the eyes of its investors.

This may h... (read more)]]> Mon, 2 May 2011 13:40:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Facebook-s-Profits-Soaring-Could-Be-Heading-Towards-a-100-Billion-Valuation-197913.shtml Finances http://news.softpedia.com/news/Facebook-s-Profits-Soaring-Could-Be-Heading-Towards-a-100-Billion-Valuation-197913.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/PayPal-Drives-up-eBay-Revenues-Again-in-Q1-197343.shtml eBay has posted some very positive financial results for the first quarter of 2011, beating analyst expectations, largely due to the continued success of its PayPal unit. Revenue saw a 16 percent increase year over year and income grew by 20 percent.

"In the first quarter, PayPal continued to drive strong growth globally, eBay sharply accele... (read more)]]> Thu, 28 Apr 2011 10:10:00 GMT Softpedia News - Finances http://news.softpedia.com/news/PayPal-Drives-up-eBay-Revenues-Again-in-Q1-197343.shtml Finances http://news.softpedia.com/news/PayPal-Drives-up-eBay-Revenues-Again-in-Q1-197343.shtml#review_zone Softpedia News (Lucian Parfeni) http://news.softpedia.com/news/Amazon-Boasts-Record-Revenue-But-Dwindling-Income-in-Q1-197045.shtml Amazon's financial results for the first quarter of the year had some surprises for investors, both good and bad. On the one hand, revenue was higher than analysts expected, on the other, rising expenses took a toll on income, which was below estimates.

Revenue was up 38 percent from the same quarter in 2010, reaching $9.86 bill... (read more)]]> Wed, 27 Apr 2011 08:50:00 GMT Softpedia News - Finances http://news.softpedia.com/news/Amazon-Boasts-Record-Revenue-But-Dwindling-Income-in-Q1-197045.shtml Finances http://news.softpedia.com/news/Amazon-Boasts-Record-Revenue-But-Dwindling-Income-in-Q1-197045.shtml#review_zone Softpedia News (Lucian Parfeni)