According to Reuters.com, Coupons.com has just raised "$200 million from institutional investors, underscoring the tremendous investor appetite for businesses that help consumers find bargains using the Internet." "That amount of cash places Coupons.com among a fairly elite group of privately held companies, including Groupon, the deal-a-day service aiming to go public later this … [Read more...]
WSJ: Groupon.com Files For IPO
According to the Wall Street Journal, Groupon Inc. filed today to go public today. Morgan Stanley, Goldman Sachs Group Inc. and Credit Suisse are the lead underwriters for the IPO Groupon posted $644.7 million in revenue for the first quarter of 2011, up from $3.3 million in the second quarter of 2009 and $44.2 million in the first quarter of 2010. But it lost $146.5 million in the first … [Read more...]
Iran To Create Its Own Internet: Is the Beginning of the End of The World Wide Web?
According to a story in the Wall Street Journal, (sub req.) the country of Iran is planning on creating its own state run Internet service within the next 2 years. Iran’s telecommunications chief claims that, in two years time, all Iranians will be forced to use a internal, state-controlled (censored) Internet, which would effectively cut off its citizens from the Internet. He said about … [Read more...]
CafeMom Launches Mom.com As A Daily Deals Site
According to a press release, CafeMom has launched Mom.com, as a daily deals website. "The free shopping service, launched nationally and in an initial test market, offers families deals of 50% off or more on nearby restaurants, salons, stores, activities and services." " The first local market in Northern New Jersey has registered more than five thousand users and generated thousands of … [Read more...]
YNOT To Start Site For Sale Of Adult Websites: YNOTMarket.com
According to AVN.com, YNOT Group LLC announced today it plans to launch YNOTMarket.com, in June which "will be a full featured adult website virtual marketplace designed to help both buyers and sellers of adult websites." "YNOT Market continues our trend of providing valuable business services designed specifically for the companies in the adult Internet industry," says Connor Young, … [Read more...]
California Bill Seeks To Regulate Social Networking Sites With Fines Up to $10K Per Violation
California state senator Ellen Corbett proposed an amended version of the Social Networking Privacy Act (SB 242). The Bill would require social networking websites to design by default, privacy settings that prevent any information about a user (other than name and city) from being displayed to the public or other users without affirmative consent from the user. Social networking … [Read more...]
Shares Of Linked In More than Double In 1st Hour of Trading
Shares of Linked in, more than doubled from its IPO price of $40 and started trading at $83 a share. Currently shares are trading at $92 a share. Linked in is one of first of the new social networking companies to go public. Update: Linkedin just hit $100 a share Update2: Make that $110 a share … [Read more...]