Twitter is reportedly in talks with private investors for another round of investment, one that would value the company at $3 billion. My first thought was: Only $3 billion? In this time of irrational web 2.0 valuations?
LinkedIn CEO Jeff Weiner has two words that reassure him that his professional social network is not threatened by Facebook: Keg stands.
Almost five months after telling the world about its television aspirations, Internet search giant Google is providing more details on its forthcoming Google TV service.
It looked like a product launch home run.
When Flipboard, a hot new social media iPad app, made its public debut on Wednesday it had all the key pieces in place: endorsements from influential tech bloggers like Robert Scoble (who declared Flipboard “revolutionary”), a $10.5 million funding round from big-name investors including some of the co-founders Facebook and Twitter, Kleiner Perkins Caufield & Byers and even Ashton Kutcher, and a slot to demo the product at this week’s Fortune Brainstorm Tech conference in Aspen, Colorado.
“Apple fans lined up overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market,” writes Franklin Paul, Marie Mawad and Sachi Izumi.
Russian investor Yuri Milner has a voracious appetite for Web companies, having plowed hundreds of millions of dollars buying stakes in companies like Facebook and Zynga, and buying instant messaging service ICQ outright.