YouTube serves 3B videos each day and users upload 48 hours of video every minute, up 100% in 14 months.
Internet advertising grew by 23% y/y in Q1 to $7.3B according to the IAB and PwC.
Chinese media patterns have shifted in the past year. Time spent watching TV fell 43% while time spent on the web increased 45%. 73% of Chinese watch TV and 63% use the internet according to CTR China.
Facebook and Spotify are rumored to launch a partnership that would place Spotify’s app in the bookmark section of the home page for all Facebook users according to a report by Forbes.
Amazon launches a Mac app store to compete with Apple’s App Store. Both products allow direct download of software.
The average 22 year old in the US has more than 1,000 Facebook friends according to study by Intersperience.
China’s Ministry of Industry and Technology announced the country had surpassed 900M mobile phone subscribers. India has reported 811M.
Google announced an NFC payment platform last week. Partners include Citibank, Mastercard, Sprint and First Data. The effort piggybacks on MasterCard’s PayPass technology and will rely on the use of Nexus S phones, the only Android handset available with NFC. A Google Wallet app stores payment data. On the heels of this announcement, PayPal filed suit against Google and two former PayPal employees, now at Google, for revealing trade secrets
ARM chips are found in 10% of mobile devices in 2010, and the company forecasts this market share to increase to 50% by 2015. ARM has built the A4 and A5 chips, the CPUs for iPad.
Square announced a mobile wallet and iPad application called Register. Square has shipped 500,000 readers and is processing $3M in payments daily, a $1B run rate. PayPal is forecasting $2B in mobile payment processing this year.
Google announced the 200M mobile Maps users represent 40% of activity on the service. 20% of Google searches are local in nature on the web, and 40% on mobile phones.
Instagram announces 4M users and 850,000 photos posted per day, about 1 photo for every five users.
Men purchase 90% of all virtual goods on mobile phones on Mocospace games, the company reported. This differs from the primarily female middle-aged customer on social games.
Citibank reports Microsoft is receiving $5 to $12 for each Android handset manufactured by HTC, Motorola and others. Microsoft has a significant mobile patent portfolio that some Android handsets may infringe.
OpenFeint, the mobile gaming network acquired by Gree for $104M, announced 3M new users are joining the service each month.
BrightCove, an online video platform, has released a PaaS for media centric mobile applications.
DeNA, makers of Japanese mobile social network MobageTown, announced CEO Tomoko Namba, will step down from her role to attend to family issues.
Amazon launches Oracle databases as a service to complement existing MySQL and SimpleDB services.
Zynga is expected to file for its IPO this week according to the Wall Street Journal.
Russian search giant Yandex saw shares jump 40% on its IPO, yielding a $11B market cap on $445M (+43%) in revenue and $136M (+31%) in net income.
Kayak updated its S-1 filing last week. The company reported Q1 figures: $53M (+43%) in revenue and $8.2M in EBITDA. Traffic queries have grown 48% y/y and the Kayak mobile app has been downloaded 7M times.
Reply acquires SMB listings business MerchantCircle for $60M.
GameFly, a video game rental service, will acquire Direct2Drive from IGN.
AirBnB, an apartment rental service, raises $100M at more than $1B valuation from Andreessen Horowitz and DST.
Kabam, a hardcore social gaming company and Redpoint company, raises $85M from Google Ventures and Pinnacle.
SuperCell, another hardcore gaming company, raises $12M from Accel.
CrowdStar, a social games developer, raises $23M from Intel and Time Warner.
Project Slice, an application to handle email receipts from ecommerce merchants, raises $9.4M from DCM and Lightspeed.
MixPanel, an analytics company, raises $1.3M from Sequoia and angels.
GigaOm, a blog network and research company, raises $5M from Reed Elsevier.
Exclusively.in, an Indian flash sales site, raises $16M from Tiger Global.
Zozi, a daily deals site focused on unique experiences, raises $7M from LaunchCapital, among others.
Greylock raises a $160M fund for Europe and Israel.
Scoopon, an Australian daily deals site, raises $80M at $200M from Tiger Global.
VYou, a video Twitter with 20k users and 20M views, raises $3M from RRE and Highland.