Internet & Media

Comcast has signed a partnership with ABC and Fox to syndicate select shows as VOD selections on the TV, web and iPad. Comcast will be a formidable competitor to Hulu.
Twitter announces 200M users, 70% international.
Facebook revealed more than 50M groups have been created since the feature’s launch in October.
Kickstarter announced $40M has been contributed to 20,000 projects with a 33% success rate.
Apple’s latest OS build has a Reading List application built into Safari that will compete with ReadItLater and Instapaper.
AT&T has implemented broadband bandwidth caps of 150GB for DSL users and 250GB for Uverse.


Google releases mobile video chat for Android integrated with GMail that works over 3G and up.
Baidu will be the default search engine for 80% of Chinese Android handsets, announced the CEO of Baidu.
Square announced $2M in daily gross transaction volume up from $1M two months ago generating $60k in daily revenue for 332,000 customers. Cumulative transaction volume is $137M.
Intuit eliminated the flat transaction fee for its GoPayment reader to match Square’s 2.7% fee without fixed transaction cost. However, Intuit’s solution is still more expensive as it passes on the credit card processing fees, unlike Square.
Angry Birds maker Rovio announced 140M cumulative downloads, up from 100M in March.
Heyzap reports 4.6M users of their Android mobile social network.
Motorola ships 250,000 Xoom tablets in Q1 2011, 4.1 million smartphones.


ExactTarget, an email marketing company, raises $30M from TCV.
Evolv On-Demand, a recruitment software company, raised $16M form GGV.
Square announced a strategic investment from Visa.
Papaya Mobile, an Android social gaming network, raises $18M from Keytone Ventures.
Magnet Systems, a social enterprise collaboration companys, raises $13M from AH.
Milk, Kevin Rose’s new startup, raises $1.5M from Floodgate and Greylock, among others.
Ideeli, a flash sales site, raises $41M from Next World Capital.
Clarizen, makers of project management software, raises $12M from Opus.
Spiceworks, makers of a social IT management tools, raises $25M from Adams Street, Tenaya and IVP.
99Designs, a graphic design market place, raises $35M from Accel.
Matrix Partners raises a $350M China fund and a $350M India fund.
Kai Fu-Lee, former President of Google China, raises $100M fund for Android.


SurveyMonkey acquired online form builder WuFoo for $35M in cash and stock.
GGC Software will acquire Lawson Software for $2B.
VWWare acquires SlideRocket, an online presentation maker.
RIM acquired Tungle.me, an online meeting calendaring service.
Chad Hurley and Steve Chen acquire Delicious from Yahoo.
SuccessFactors acquires enterprise learning company Jambok for $290M, cash and stock.
Russian search giant Yandex filed for a $1B IPO with a target valuation of $6B to $9B.
NSN acquires Motorola Networks for $975M.

Q1 Earnings

Netflix announced 3.6M new subscribers, totaling 23.9M, and $719M (+46%) and profit of $60.2M (+88%).
Nintendo revenues fell to $12.4B (-29%) and profit fell to $825M (-66%). 3.6M 3DS units have been sold to date.
Amazon reported $9.9B (+38%) in revenue and $201M (-33%) in net income.
eBay announced revenues of $2.55B (+15%) and net income of $476M (+20%) from 96M active users (+5%).
Microsoft announced revenues of $16.4B (+13%) and net income of $5.2B (+31%)