Just two years after it went public at $10 a share, FriendFinder Networks, publisher of Penthouse, and a ton of websites including AdultFriendFinder.com filed for Chapter 11 bankruptcy yesterday. The bankruptcy petition…
Category: Internet News
Google Buys Bump: Bu.mp
Google (GOOG) just bought Bump, a developer of Android/iOS apps that allow users to share contact info, photos, and other files by bumping their phones together. MarketWatch.com is saying the acquisition was…
Pew Research: In US 70% Have A BroadBand Connection At Home; 20% Don’t Have Broadband Nor Smartphone
Pew Research Center’s Internet &American Life Project released its report entitled “Home Broadband 2013” and found that in the United States 20% of U.S. adults are still without broadband or smartphones for…
comScore: Yahoo Beats Google For 1st Time In Years Becoming Most Visited Websites
According to comScore, for the first time in several years, Yahoo (YHOO), web properties were the most visited in the country in July. With 196.6 million visitors who Yahoo properties compared to…
Rocket Internet Incubator & Accelerator Company Raised $500 Million Since 2012
In a press release just out today Rocket Internet announced “that it has raised a total of USD $500 million from partners Investment AB Kinnevik and Access Industries since May 2012, representing…
BeNaughty.com, Flirt.com and WildBuddies.com Sites Sell For £45.1 Million
According to Growthcompany.co.uk, publicly traded Cupid (AIM: CUP) sold “off its range of ‘casual dating’ sites including Benaughty.com, Flirt.com and WildBuddies.com to a company set up for the purpose of the transaction…
IAB: Internet Ad Revenue Hits All Time High Of $9.6 Billion In 1st Q
According to the Interactive Advertising Bureau (IAB) 1st quarter 2013 Internet Ad revenue hit an all time record with $9.6 billion in sales representing a 15.6% increase over the $8.3 billion figure…