According to the New York Times, Demand Media in an amended prospectus with the SEC yesterday. In the document, Demand Media says it hopes to raise $138 Million dollars and price its shares between $14-$16 a share. At the mid point of $15 a share the company would have a market value of about $1.25 billion. … [Read more...]
Facebooks Acquisition of FB.com Isn’t Just For “Internal Use” Anymore It Redirects To The Site
I'm sure you read the various news accounts yesterday that Facebook.com paid Upwards of $8.5 Million dollars for the domain FB.com, making it not only one of the most highest priced domain transactions of all time but setting a new standard of what is possible to get for a great domain with the right end user. Interestingly Facebook.com has always maintained that it acquired the domain name … [Read more...]
Browser Wars Update: Chrome Hits 10% Usage In US; 14.5% In Europe & FireFox Is #1 In Europe For The 1st Time
According to the firm Netmarketshare.com, Google's Chrome Browser just hit the 10% mark, in market share just 2 years after introduction. As you would expect most of the gain in market share came at the loss of Internet Explorer. According to figures released yesterday, Chrome has a 9.98% share of the market up from just over 5% in January 2010. Internet Explorer went from having a 62.12% … [Read more...]
Goldman Sachs Invests $450 Million Into Facebook Making Its Valuation $50 Billion
On the 1st business day of 2011, Facebook has a $50 Billion dollar Valuation thanks to an investment of $450 Million dollars by Goldman Sachs. According to mulitple reports, Goldman's investment of $450 Million was paired with another $50 Million dollar investment by Digital Sky Technologies, a Russian investment company that already invested $500 Million into Facebook. Therefore this round … [Read more...]
In 2010: China Shuts Down 60,000 Sites, 4,500 Criminal Investigations & Sends 1,332 To Jail
China was busy this year combating porn. According to a CNN.com story, China closed 60,000 websites related to porn, opened up almost 2,200 criminal cases against almost 5,000 people for "who violated Chinese law by disseminating pornography via the internet or mobile phones." In 2010 1,332 people received criminal punishment with 58 jailed for five years or more. The office in charge, … [Read more...]
Groupon Raises $500 Million
Ft.com is reporting that Groupon has raised $500 million in sale of preferred stock just weeks after Groupon reportedly rejected at $6 Billion dollar buyout offer. Ft.com is reporting that Groupon is trying to raise an additional $450 Million or $950 Million total. ""At $500m, Groupon’s latest round of fundraising is already among the largest by an internet company. Were the … [Read more...]
Our First Monthly Domain Calendar Finds January Jam Packed With Shows & Auctions
With the new year we thought we would start publishing a blog post on the 30th of every month of a calender highlighting some of the events in the upcoming month in the Domain and Internet world. January is sure jammed packed with shows and auctions. The largest convention in the US kicks the year off as the Consumer Electronics Show (CES) rolls into Las Vegas. Always full of the latest … [Read more...]