GetJar, the second largest app store, has closed $11 million in Series B funding from Accel Partners. The company says it will apply the new capital to continued innovations on its sites GetJar.com and m.getjar.com. GetJar says it wants to aggressively expand its offering on “open” smartphone platforms such as Android, BlackBerry and Symbian. In [...]
Google reported solid second quarter earnings with revenue up 24 percent but missed analyst’s estimates for the first time in two years. Google’s earnings per share were $6.45, just below Wall Street’s forecast of $6.52. The earnings miss is being partially blamed on Google adding 1,184 full-time employees, bringing it s workforce to a total [...]
July retail sales in the U.S. remained generally flat in most categories compared to July 2009, according to a new report by MasterCard Advisors’ Spending Pulse. One bright spot was ecommerce, which has posted gains throughout 2010, and regained double digit growth in July, increasing 10.9 percent on a year-over-year basis, in contrast to June, [...]
Intel has entered into an agreement to acquire security firm McAfee, through the purchase of all of the companys stock at $48 per share in cash, for $7.68 billion. Both boards of directors have approved the deal, which is set to close after McAfee shareholder approval, regulatory clearances and other conditions specified in the agreement. [...]
This past year has certainly been the year of analytics acquisitions. First went Omniture, next Coremetrics, then Unica and now NedStat. comScore has acquired Dutch web analytics software: NedStat, to unify their digital management platform. Nedstat went at a price tag of over $36 million. This move by comScore further proves the importance of measurement [...]
Microsoft has announced its new video game Halo: Reach has generated up to $200 million in global sales on its first day of availability. We feel really good about where the ‘Halo: Reach’ numbers are, Phil Spencer, vice president of Microsoft Game Studios, told Reuters. “What ‘Halo: Reach’ numbers tell me is gamers are there. [...]
Newseum said today it has received a $5 million gift from HP to design and build a new gallery focused on the changing media landscape in an effort to help people better understand the impact technology has on news. The three main goals are : *Increase news literacy by showcasing the dramatic changes taking place [...]
The third quarter of this year was kind to Chinese search giant Baidu, judging from the company’s own stats. Baidu released an earnings report late yesterday, and it beat most Wall Street analysts’ estimates by a fair amount. Financial experts thought Baidu would report something like $333.3 million in revenue. Instead, the company managed to [...]
Americans plan to spend an average of $145.61 on gift cards this holiday season, up from $139.91 last year, according to a new survey from the National Retail Federation (NRF), conducted by BIGresearch. Total gift card spending is expected to reach $24.78 billion. The NRF says that gift cards remain the most requested holiday gift [...]