proceeds
Accel, SV Angel, Y Combinator Put $1.5M In Online Bank Payments Platform GoCardless
techcrunch.com
If you’ve ever set up an automatic ‘Bill Pay’ feature on your bank account to pay off your utility and cable bills, then you’ve taken advantage of a nifty feature called an ‘interbank transfer’, also known as an ‘Automated Clearing House’ payment. Once they’re set up, they tend to be...
Apple Faces Potential $38 Million Fine in China as $1.6 Billion Lawsuit Over 'iPad' Trademark Proceeds
www.macrumors.com
iSmashPhone summarizes a pair of reports from China claiming that Apple is facing a potential 240 million yuan ($38 million) fine from governmental authorities over alleged trademark infringement involving the "iPad" name. The fine pales, however, in comparison to the $1.6 billion Proview Technology, which claims to own the name,...
Apple Faces Potential $38 Million Fine in China as $1.6 Billion Lawsuit Over 'iPad' Trademark Proceeds
Tell The White House To Stop Illegally Seizing & Shutting Down Websites
www.techdirt.com
While the public got reasonably upset about SOPA's overreach, and the possibility that it would be used to shut down websites with no due process, what they miss is that the federal government has been pretending that it already has that right under the last change to copyright law --...
Fiverr helps get things done for as little as $5, raises $15m from Accel and Bessemer
thenextweb.com
Israeli startup Fiverr, which is building a global marketplace where people can buy and sell small services for as little as $5, has landed $15 million in funding from Accel Partners and Bessemer Venture Partners. The company had previously raised $5 million in early-stage funding from Bessemer and angel investors...
Bob Marley biopic will be the first U.S. film to stream on Facebook the second it hits theaters
thenextweb.com
‘Marley’, the documentary about legendary reggae singer Bob Marley directed by Kevin Macdonald, will be available for streaming on Facebook in the US. Not only that, but the Facebook instant streaming option will also coincide with the biopic’s theatrical opening, in a welcome first for any U.S. film to date....
Lucasfilm teams with social media startups to create giant charity run
venturebeat.com
How’s this for a mega geek fest? Lucasfilm is teaming up with three social media startups to create the Course of the Force, a 120-mile relay run where a chain of joggers will carry a lightsaber like an Olympic torch to their final destination. The charity run will go...
Microsoft readies Windows 8 app store games
venturebeat.com
Microsoft is preparing a slate of games for the Windows 8 operating system that consumers will be able to purchase on the upcoming Windows Store, according to The Verge. Some developers such as Arkadium are excited about the opportunity for games to shine on the new Microsoft operating system, whose...
Facebook increases IPO size (again)
finance.fortune.cnn.com
Facebook adds 25% more shares. FORTUNE -- Facebook has significantly increased the size of its initial public offering, just two days before it is expected to begin trading on the NASDAQ. According to an amended registration document, Facebook (FB) will now offer over 421 million shares to investors. That is...
SCVNGR raises $12m from Google, others, to boost mobile payment product LevelUp
thenextweb.com
SCVNGR, the Boston-based company behind the location-based mobile game with the same name, has raised $12 million in funding for its other venture, mobile payments platform LevelUp. Part of a larger fundraising round, the investment comes from prior backers Google Ventures, Highland Capital and Balderton Capital with participation from new...
AOL initiates “Dutch auction” tender offer to repurchase $400m worth of shares
thenextweb.com
Internet services and media giant AOL this morning announced that it has started a modified “Dutch auction” tender offer to repurchase shares of its common stock up to an aggregate purchase price of $400 million, which includes the roughly $40 million remaining from the initial $250 million stock repurchase authorized...
Allez Les Books: France Suggests Amazon Tax To Help Independent Bookstores
techcrunch.com
France has developed something of a reputation in trying to tax larger companies on the Internet to use the funds to help out smaller players. The latest development in that scheme: a proposal to tax large booksellers to help French independent bookstores impacted by the rise of online giants like...
Virurl Raises $1.2M To Reward Users For Spreading Viral Content
techcrunch.com
Virurl, a startup that helps advertisers promote their content virally, is launching its public beta test today. It’s also announcing that it has raised $1.2 million in seed funding. Here’s how the Virurl model works: Advertisers upload the content that they want to promote, then set a campaign budget and...
How Groupon accounts for its deals
blogs.reuters.com
It’s another bad day for Groupon: not only is Andrew Ross Sorkin using the company as Exhibit A in his opposition to the JOBS Act, but more worryingly the WSJ is now reporting that the SEC is examining the earnings revision which Groupon announced yesterday. Vipal Monga has explained exactly...
U.S. Govt. Equates Megaupload to Bank Robbers
torrentfreak.com
Two weeks ago Megaupload’s lawyers filed a motion to dismiss the criminal case on the basis that the company was never properly served. This issue was previously acknowledged by Judge O’Grady, who had doubts that the case would ever go to trial due to this procedural matter. However, the Government...
Band Tells Fans To Boycott Its Albums, Saying Its Label Doesn't Pay
www.techdirt.com
Over the years, record label Victory Records has worked up quite the... um.... reputation from artists it has signed. Let's just say that a number of them are less than pleased. Reader Aaron points us to the latest such example, where the band Streetlight Manifesto has put up a, well,...
AOL Starts $400M Stock Buyback At $27-$30 Per Share
techcrunch.com
AOL (also known as the company that signs TechCrunch’s paychecks) has announced this morning it has started a “Dutch auction” tender offer to buy back shares of its common stock, up to $400 million. The Dutch auction format means that shareholders will say how many shares they want to sell...
The Devil in Groupon’s Details
www.wired.com
It’s another bad day for Groupon: not only is Andrew Ross Sorkin using the company as Exhibit A in his opposition to the JOBS Act, but more worryingly the Wall Street Journal is now reporting that the SEC is examining the earnings revision which Groupon announced yesterday. Vipal Monga has explained exactly what the problem is...
Facebook’s Early Shareholders Will Sell Up To $5.5 Billion With IPO. Here’s Who’s Selling What:
techcrunch.com
Facebook’s early investors and employees may sell up to $5.5 billion alongside the company’s offering. Facebook today said that it is selling 180 million shares of stock at $28 to 35. On top of that, other stockholders are selling 157,415,352 shares. Those proceeds will not go to Facebook. Chief executive...
Facebook Posts S-1 Amendment, Expects IPO Price At $28 And $35 A Share For Class A And B Stocks
techcrunch.com
Developing… Facebook, Inc. is offering 180,000,000 shares of its Class A common stock and the selling stockholders are offering 157,415,352 shares of Class A common stock. We will not receive any proceeds from the sale of shares by the selling stockholders. This is our initial public offering and no public...
Watch With eBay App Wants You Shop While You Watch TV
techcrunch.com
Despite how much I try to cut back on it, there’s never really a time when I’m not bouncing my attention between different screens. Even when I’m trying to zone out in front of a television, I’m struck with a compulsive urge to hit Wikipedia or IMDB to see what...
Humble Bundle Mojam happens this weekend: vote on a game, see it made in 60 hours for charity
www.engadget.com
The Humble Bundle organization has done a fairly impressive job of raising money for charities with its name-your-price game bundles (also benefiting game developers, of course), but it's doing something a little different this weekend. It's enlisted the help of Minecraft creator Mojang for the Humble Bundle Mojam, a...
Apple gets green light to seek Samsung tablet ban in U.S.
news.cnet.com
A U.S. appeals court gives Apple a chance to get Samsung's Galaxy Tab 10.1 tablet banned from store shelves. If Apple proceeds, it could shape next week's settlement talks. [Read more]...
Louis C.K. says that sites like Facebook and Reddit are “hurting folks”
thenextweb.com
Comedian Louis C.K. has been a bit of an Internet darling, of late. His irreverent style is a hand-carved fit for Internet culture, and his in-your-face attitude has carried over to how he markets his work as well. Today the comedian is back on Reddit, doing an “Ask Me Anything”...
Readability lands on iOS devices
9to5mac.com
After a long wait and a couple setbacks, the free Readability app has finally landed on iOS devices. A universal binary, Readability supports both your iPhone/iPod touch and has a native iPad interface. According to a blog post announcing the software, the app was born from a collaboration between the Readability...
AOL, Microsoft announce $1.056 billion patent deal
www.zdnet.com
A patent sale agreement between AOL and Microsoft is expected to result in proceeds of $1.056 billion....
EXEC now lets you rent a tech founder with its #execfounders charity initiative
thenextweb.com
EXEC is a startup that helps anyone find local, part-time help with errands, tasks and other jobs, a bit like Taskrabbit. Now, the company has announced #execfounders, a charity initiative that lets you rent a tech company founder. Yes, you read that right. You can rent time with 5 different...
Cartoonist Bill Amend Releases FoxTrot Packs For iPad
techcrunch.com
In what I suspect will be an increasing trend, cartoonist Bill Amend has released three “packs” of his popular FoxTrot comics for the iPad. He built the books by himself using iBooks Author and proceeds go to the help Bill Amend Eat Food Fund (I suspect). He’s selling three titles...
Sincerely Ink Launches In-App “Giving” Program, Lets You Send Cards With Charitable Donations
techcrunch.com
Sincerely is on a roll. The startup behind a ton of photo-printing and greeting card mobile apps, including Postagram, PopBooth, Sincerely Ink and Dotti, just launched the underpinnings its photo sharing network earlier this month with the debut of “Sincerely Magic,” and today, the company is launching its first-ever partnership with non-profits in a program called...
Zynga files for secondary offering
venturebeat.com
Zynga, the largest maker of social games on Facebook, has filed papers to raise more money in a secondary public offering. According to a filing with the Securities and Exchange Commission, certain shareholders will sell their stock in the offering, but Zynga itself will not sell any shares and will...
Zynga prices secondary offering at $12 a share
news.cnet.com
The nearly 43 million shares offered will be sold by existing stockholders, with the social-gaming company receiving none of the proceeds. [Read more]...
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