The domain name SmartDate.com sold according to DNjournal.com in May 2009 for $2,000 on Sedo.com. Today comes the news via TechCrunch that the now Paris-based online dating site, raised $5 million in new Series A funding. Back in March 2010 the company got a $2.2 million dollar cash investment which came after a $400K angel investment earlier. So from a $2,000 domain sale in May 2009 the … [Read more...]
Overstock Sued By 7 California DA’s “For At Least $15 Million” For Misleading Consumers
Overstock.com has been in the domain news quite a bit recently for its acquisition of o.Co as well as considering changing all of its non-US sites to o.Co. Overstock was back in the news yesterday, but the news was not good. A group of 7 district attorneys in Northern California filed a 33-page complaint in Alameda County Superior Court late Wednesday, arguing that Overstock.com should pay a … [Read more...]
AllThingsD: Is Google Going To Buy Groupon.com For $3-$4 BILLION Dollars?
According to AllThingsD.com, Google is in negotiations to buy Groupon.com and is offering "well above what Yahoo offered earlier this year for the company". Yahoo according to AllThingsD, Groupon "turned down a bid from Yahoo in the $2Billion - $3 Billion dollar range earlier this year". "Groupon, whose revenues are reportedly upward of $50 million a month" Other possibly buyers for the … [Read more...]
Google Launches Its Shopping Site: Boutiques.com
Google launced today a shopping site today called Boutiques.com which seems to be the first project from Google's acquisition of Like.com Here is how Google describes the service on their blog: "The way we shop for fashion is different from how we buy cameras—especially online. With fashion, reviews and specs are less important; fashion shopping is about discovering something that fits your … [Read more...]
Google Gets Patent On Instant Search
According to Fortune, the United States Patent Office awarded Google a Patent today for the technology behind Google Instant Search. The granting of the patent means that other search engines won't be able to provide the exact same type of search functionality as Google without licensing the technology from Google. Fortune points out that the "the inclusion of prior queries submitted by a … [Read more...]
VentureBeat.com DemandMedia IS Worth $1.4-$1.7 Billion
In a blog post today on VentureBeat.com, Stephen Walker The CEO of Perfectmarket.com chats about DemandMedia's IPO and concluded: "I can now envision a scenario wherein Demand Media, whose properties include eHow, LiveStrong.com, and Cracked.com, is worth $1.4 – $1.7 billion. Not bad when you consider that the equity of the New York Times Company is currently valued at $1.2 billion. … [Read more...]
Email Coming To Facebook Today? Yourname@Facebook.com: Get Ready For The Big Grab
According to several reports Facebook.com will announce its own email system to compete with gmail and hotmail today at its a media event scheduled at its headquarters. The email project has been named in house as Project Titan. It is believed the service will let users set up an email account with the domain name @facebook.com, which will not function just as another email address but will … [Read more...]