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Twitter announced it would release a photo sharing service this week. It will compete directly with Twitpic, YFrog and many other services. There is speculation Apple will use Twitter as an alternative sign on mechanism to Facebook in their new operating system.

Pew reports 13% of US internet users have Twitter accounts, up about 80% since November 2010, and up 111% in the 25 to 34 demographic.

Microsoft announced 55M cumulative XBox 360 sales, 35M XBox Live users, spending an average of 60 hours each month on the service, or 40% of an average American’s TV time. Sony has sold 50M PS3s and Nintendo has sold 86M Wiis.

OnLive announced an integration with Facebook that allows users to launch a multiplayer game session from the Facebook feed. The company also announced RedFaction will be available on the service at release.

EA launched Origin, a downloadable game service with 150 games available, to a group of testers last week. The service will compete directly with Valve.

Activision will launch a Call of Duty social network subscription service. The franchise draws 7M DAU and 20M MAU. The social network will feature game play video sharing, statistics sharing, and clan building.

Zynga hires John Schappert as COO, formerly COO of EA.

Amazon has launched a beta of local deals, called AmazonLocal, in Boise, ID. The site is a local deals aggregator with some of the first deals syndicated from LivingSocial, an Amazon investment.

83% of the Internet Retailer 500 has a Facebook presence; 69% use Twitter.

Mobile

Smartphone penetration reached 32% in the US, up from 27% last quarter, according to Comscore. Android claimed 36% market share; Apple has 26%.

Dropbox will be bundled on all upcoming Sony Android devices in Europe and Japan.

In a move to differentiate handsets, HTC has open sourced bootloaders and the Sense UI to provide developers tools to build apps that integrate better with HTC devices.

Motorola CEO Sanjay Jha reported 70% of Android phones are returned because of application performance issues.

Flipboard hires Josh Quittner, former director of digital editorial at Time, as editor-in-chief. Tumblr hired Newsweek editor Mark Coatney last year.

Enterprise

37% of companies surveyed by AMD are using cloud computing. 37% use cloud email, 35% use cloud accounting, 31% use online marketing tools.

Liquidity

GroupOn files for IPO with an S-1 with revenue of $713M (+23,000%) and net revenue of -$389.6M. GroupOn has 8,000 employees.

AT&T acquires Convergsys, a rating and billing platform for carriers, for $320M.

Google acquires PostRank, a social analytics startup.

NewEgg, the tech ecommerce merchant, withdrew its IPO. The company increased revenues to $2.5B in 2011 up from $2.3B in 2009.

AirBnB acquired a German clone, Accoleo for an undisclosed amount.

Polycom acquires HP’s video-conferencing business for $89M.

Twitter acquires AdGrok, a YC backed SMB advertising tool.

VMWare will acquire social enterprise software company SocialCast.

Financings

OnSwipe, a web to tablet conversion company, raises $5M from Spark.

Chamath Palihapitiya, former VP at Facebook, is raising a $400M venture fund in which Facebook will invest.

VirtualWorks, founded by Citrix founder, raises $8.5M to provide data interchange infrastructure across data silos.

UberMedia, the Twitter client company, raises $5.6M from German media giant, Burda Digital.

MobileIron, an enterprise mobile security company, raises a $20M inside round from NVP, Sequoia and Storm.

Fixmo, a mobile enterprise security company, raises $6.5M from Panorama.

The Melt, a grilled cheese restaurant chain, raises $9M from Sequoia.

PunchTab, a website loyalty company headed by the founder of YouSendIt, raises $950k from MDV.

Act-On, a could based marketing platform, raised $10M from Trinity.

Wooga, a German social games company, raise $24M from Highland.

Appsfire, a mobile discovery application, raises $3.6M, from IDInvest.

OpenX, the open source ad server, raises $20M from SAP.

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2 thoughts on “Weekly Tech News for June 5, 2011

  1. Won’t Amazon deals compete with LivingSocial, an Amazon investment? Thoughts?

    • Great question. It turns out the AmazonLocal site is a deals aggregator, powered in some part by LivingSocial. So this product would seem to compete with Yipit and others.

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