At Google I/O, Google:

  • announced Android has 100M activated devices; is growing by 400,000 per day; and has amassed 4.5B app downloads to date.
  • updated the Android Market with a collaborative filtering based app recommendation.
  • launched Google Movies and Music. Movies is a streaming service using the same agreements as the YouTube movie streaming service. Music is a cloud locker service, similar to Amazon’s.
  • announced Google Chrome users total 160M. The Chrome Web Store has generated 17M app installs in the first three months, or 180,000 per day. Chrome Web App store revenue share will be 5% for in app payments.
  • launched Google Chromebooks, a rental program for laptops running Chrome OS costing $20 per month per user. Google Apps fees are not included. To date, Samsung and Acer have committed to building the machines.
  • released the Places API, Google’s point of interest database with 50M locations.

Separately, Google may pay $500M to settle an FTC investigation into pharmaceutical ads violations.
YouTube announced movie rental and streaming service to compete with Netflix. Google will rent Sony, Universal and Warner movies, a catalog of 3,000 films.
Twitter announced 900,000 developers are processing 13B API calls every day.
Bing grew to 14% market share, up 0.2% as Google falls 0.3% to 65.4%, according to Comscore.
Cox has adopted TVEverywhere and released a streaming video portal with 15,000 pieces of content from ABC, Fox, NBC, TBS, TNT, HBO,
LevelUp, fka as SCVNGR, has released a deals service focused on repeat users. The company has partnered with Amex to redeem coupons simply by using their American Express cards via the American Express Smart Offers API. The program is similar to FourSquare’s Amex integration launched at SXSW.
Alibaba has moved Alipay, the valuable payment business, to another entity managed by Jack Ma, Alibaba, CEO. It appears Yahoo may not have known about the transfer, which Alibaba said was required to apply for money transmitting licenses.


Visa announced a mobile wallet to launch in Fall 2011, that will allow users to purchase items on mobile devices in the store and on the web. Merchants will offer deals and coupons through the platform. In addition to targeting the US, the company will focus on Russia and India.
Vodafone has launched a service that allows subscribers to pay for taxi rides with text message.
Mobage Global will launch this summer. The service is an extension of the massively successful Japanese mobile social network launched by DeNA.
Flipboard announces 10M page views per day up from 3M two months ago.
Infinity Blade generates 44% of revenue from in-app purchases, complemented by a $5.99 purchase price. This combination of a premium game plus IAP is relatively new. The game has sold more than 600,000 copies.
ShopKick announces 1.5M users, 40% MAU and 5% DAU.
25% of downloaded apps are deleted after one use, according to Somo.


Branchout, a LinkedIn built on Facebook, raises $18M from Redpoint.
ShoeDazzle, a subscription shoe service, raises $40M from AH.
ThredUp, an exchange for children’s clothing, raises $7M from Redpoint.
Demand Base, a B2B marketing company, raises $10M from SutterHill.
TypeSafe, a Scala developer tools provider, raises $3M from Greylock.
SimulMedia, a TV ad targeting company using set top box data, raises $9M from Time Warner Investments.
FreeMonee, a national gift network, raises $11M from Opus, Redpoint and Sutter Hill.
Alpine Data Labs, an incubated project inside Greenplum, raises $7.5M from Sierra.
TabbedOut, a mobile payments system for use in restaurants, raises $3.7M from NEA.
LiquidSpace, an Expedia for temporary office space, raises $3.6M from Shasta and Floodgate.
ClearSpring, makers of the AddThis sharing widget, raises $20M from IVP.
SourceBits, a contract mobile app developer, raises $10M from Sequoia and IDG.
Funzio, a social and mobile game developer, raises $20M from IDG Ventures.
Pageonce, a mobile wallet, raises $15M from Morgenthaler.


Microsoft acquires Skype for $8.5B.
Nvidia acquires mobile chip maker, Icera, for $367M.
Carbonite has filed for IPO with $39M in ttm revenue on a loss of $25M. The company has raised $66M.
ActiveNetwork has filed for IPO with $280M in ttm revenue on a loss of $27.3M. The company has raised $275M.
RenRen and NetQin, two recent Chinese tech IPOs have suffered double digit share price losses in the past week on concerns of accounting questions and government risk.

Quarterly Earnings

Tencent announced $975M (+50%) in revenue and $442M (+61%) in profit, driven by online gaming, of which it commands a 29% share.
Gree announced $198M (+77%) in revenue and net income of $99M (+56%). Gree has 800 titles from 400 developers serving 25M users.