20M users log into XBox Live daily amassing 4B hours of play, about 500M hours per year.

AOL cut 20% of its workforce, slashing 900 jobs after the Huffington Post acquisition. Traffic on many core properties fell 50% y/y as the giant struggles to find growth.

Twitter revealed 90% of Twitter users use an official client in a statement advising developers to stop building Twitter clients. 

Microsoft set the record for fastest adoption of a consumer product selling 10 million Kinects since November.Facebook launched a new analytics platform which provides data on like button performance, commenting activity, demographic make-up and organic sharing data.

Skype reached 145M MAU with 8.8M (19% m/m) paid members with an average annual revenue per user of $97. Net revenues reached $860M (+20% y/y) and EBITDA grew to $264M (+43%) with a net loss of $7M. Skype acquired mobile video startup Qik in January for $121 million in cash with $29 million in additional payments.

Spotify reaches 1M subscribers, up from 650,000 in November. The company offers a £9.99 and £4.99 option.


Google revealed 40% of Google Maps usage is mobile across a user base of 150M mobile users, up from 100M last August, presumably fueled by Android growth. In addition, Google launches local offers available when checking in on Latitude – a direct competitor to offers on FourSquare. 

Apple has added an additional password request when purchasing virtual items, after uproar of children charging large amounts of games and virtual goods to parents’ accounts. This will likely decrease in app revenues.

Microsoft will pay Nokia $1B to build Windows Phone 7 handsets. 

OpenFeint and The9 launched a $100M Android developer fund to spur Android game development using OpenFeint’s SDK. The program will offer assistance in porting games from iOS to Android. ScoreLoop announced a similar program, without comparable funding.

Walgreen’s revealed that more than 50% of all refilled subscriptions are scanned and ordered by Refill By Scan, a mobile application that scans the barcode on drug bottles. The app refills the order automatically. 

WSJ announced 200,000 iPad subscribers at with an annual subscription rate of $208. 

Macquarie Group reports Google receives 97% of mobile paid search spend, based on Efficient Frontier data.

Some Instagram figures were made public. 130,000 new users join each week. The 2.2M users add 3.6M photos weekly. 

Rovio announces 1.5M daily downloads and 100M cumulative.

IPOs and Exits

Homeaway files for $230M IPO on $168M (+40%) in 2010 revenue and net revenue of $17M (+118%).

Google acquired price comparison website BeatThatQuote.com for £37.7 million.

YouTube acquired online video production company Next New Networks.


Rovio, makers of AngryBirds, raised $42M from Accel and Atomico.

Kik, a BlackBerry Messenger lookalike on iOS and Android, raised $8M from RRE, Spark and Union Square.

SpareFoot, an online listing of self-storage units, raised a $1.5 million inside round. 

RelayRides, a P2P car sharing service, announced a $5.1 million investment from August Capital and Google Ventures.

Breezy, a mobile printing company, raised $750k from Accel, Felicis and Softech.

HubSpot, provider of online marketing tools for SMBs, raised $32M from Salesforce, Sequoia Capital and Google Ventures.

OneFineStay, a full service apartment rental company, raised $3.7M from Index Ventures.

StumbleUpon raised $17 million from Accel Partners and First Round Capital.

GrubHub, a local food delivery site, raised $20 million in Series D funding led by DAG Ventures with Benchmark Capital participating in the round.

Credit Sesame, a Mint for credit raised $6.2M from Menlo Ventures.

RadiumOne, a social ad network, raised $21 million at  $200M valuation from Crosslink Capital.

VigLink, an automatic affliliate ad network, raised $5.4 million from Emergence Capital

Omar Hamoui started Churn Labs along with AdMob’s first engineer, Mike Rowehl. And he’s partnered with Sequoia Capital, one of AdMob’s first venture investors, on the new project.

SnagAJob.com, an online community of hourly workers, raised $27 million from August Capital.