Internet & Media
Google revenues increased to $8.6B (+27%) and profit of $2.3B (+18%), on increased salary costs. Paid clicks grew 18% y/y and average CPCs increased 8% y/y.
China’s online gaming market grew 25% to $5B in 2010, according to Pearl Research.
Amazon released a $114 ad-supported Kindle, reducing the price by $25.
Two years after purchasing Flip for $590M, Cisco announced the Flip division would be shuttered and all consumer efforts halted.
Adobe is offering Creative Suite software-as-a-service subscription starting this month. Photoshop will cost $35 per month, compared to $700 for the packaged software.
The iAB reports online ads grew to $26B (+16%) in 2011. Video ads grew to $1.4B (+40%).
|Classifieds and Directories||10%||2,254||10%||2,597|
|Digital Video Commercials||4%||1,017||5%||1,420|
|Ad banners / display ads||22%||5,061||24||6,230|
TargetSpot released data on IP radio listening patterns:
- 39% of the US population listens to Internet Radio regularly
- 80% of Internet Radio listeners spend between 1 & 3 hours per day listening
- 45% of Internet Radio listeners listen on a phone and 14% listen on a tablet
Facebook Comments powers 50,000 sites including NBC and Hotels.com.
After launching a Dropbox competitor last week, AVG announced Family Safety, a monitoring tool for children on the web.
Sony has sold 50M PS3 and 8M Move controllers to date.
Nintendo sold 400,000 3DS in the first week of sales in the US, roughly equal to one day of Android handset sales.
MySpace 2011 revenues are forecasted to be $104M, generating a loss of $165M.
HTC announced a new 4G device, the Sensation, and a video streaming service called HTC Watch that will offer movie rental and purchase on 500 titles.
350,000 Android devices are activated daily, up 16% since December. 3B mobile apps have been downloaded and this number is increasing by 500M each month.
Apple begins to distribute Square readers both in stores and online. The device costs $10 to the purchaser, which is refunded after signing up online.
500,000 advertisers are using Google’s click-to-call ads. Additionally, Google released local deals in its Latitude app for American Eagle, Quiznos and Radio Shack.
Sony Ericsson, the largest Android handset manufacturer, launched its own Android Market. There are new 4 Android markets: Google, Sony, Amazon and Verizon.
Gilt generates 15% of sales through mobile across 6 apps and a mobile website.
FourSquare reaches 3M checkins per day.
TxtEagle, a mobile analytics firm, raises $8.5M from Spark and RBC.
StylistPick, the ShoeDazzle of Europe, raises $8M from Accel and Index.
KupiVIP, the Gilt Groupe of Russia, raises $55M from Accel, Balderton and Bessemer.
Lockerz, a social shopping site, raises $30M from Greylock.
Tiny Speck, a social game developer, raises $11M from Andreessen Horowitz.
Sugar, the women focused media company, raised $15M from IVP and plans to file for IPO with $100M in revenue this year.
Payfone, a mobile payments solution for carriers, announced $19M strategic investment from American Express.
Clover, a stealth algorithms company, raises $5.5M from Andreessen Horowitz and Sutter Hill.
Instructure, a education workflow company, raises $8M from Tomorrow Ventures and DFJ.
Starting today, Flipboard will feature an official Oprah section, which will be automatically included with every new download of the Flipboard iPad app.
Zipcar shares reached $28 in its IPO reaching $1B market cap.