Facebook and the FTC reached an agreement to resolve the 7 privacy complaints outlined below. Separately, the European Commission is expected to release a directive that would require all user data based targeting to require user opt in.

  • Facebook didn’t warn user that Friend Lists and other data would become public when it transitioned to a new privacy model in December 2009
  • Apps can request access to almost any piece of user data, though Facebook said they could only access data they need to operate.
  • The “Friends Only” privacy setting still allowed data to be accessed by third-party apps used by friends.
  • The “Verified Apps” program didn’t actually verify the security of apps.
  • A security bug caused Facebook to accidentally share personal data with advertisers when it promised it wouldn’t.
  • Content on deactivated and deleted accounts could still be accessed despite claims to the contrary.
  • Data of users in the European Union was transferred in violation of the US-EU Safe Harbor Framework.

Cyber Monday revenues reached $1B, according to comScore, up 15% y/y. 64% of orders are shipped for free, 10 points higher than last year. Average order value also increased 2.6% to $198.26.

The Internet Advertising Bureau released data indicating online ad revenue increased 22% y/y reaching $7.9B in Q32011.

Google Chrome has more users than Firefox according to StatCounter, with about 20.7% share to Firefox’s 20%. Internet Explorer is still the leader with about 40%.

YouTube updated their homepage, which now features a Facebook like social sharing stream and social sharing with both Facebook and Google Plus.

Facebook has announced an engineering office in NYC.


3.9M Kindle Fires will be sold in Q4 2011, according to estimates by IHS, giving Amazon a 14% share of the tablet market and rendering it the most successful Android tablet maker. The iPad will sell 18.6M units in the same period.

Verizon will pay $3.6B to acquire spectrum from Comcast, TWC and Bright House. Verizon will nearly double the spectrum capacity for LTE data transmission. The deal seems to include a provision that the sellers will be permitted to use the network in an MVNO-type relationship. Sprint paid Clearwire $1.6B to help the ailing giant avoid bankruptcy. The investment will allow Sprint unfettered use of the WiMax network.

comScore reports Android represented 46% of smart phones sold in Oct, up from 42% in Jul. Apple’s share grew from 27% to 28%. In the same period, RIM fell from 22% to 17%.

Barnes and Noble reported Nook, their reading tablet, generates $220M in sales including hardware and content. Nook revenue grew 85% q/q.

CarrierIQ, Samsung and HTC have all been hit with class action lawsuits after a software engineer discovered the logging habits of CarrierIQ software includes all keystrokes, phone calls, SMS, and browsing behavior. It’s unclear whether the CarrierIQ software only logs this data or also transmits this data to a carrier/operator.

RIM will suffer a $485M one-time charge for lower than expected sales of their tablet, the PlayBook. Shares are trading at $17, down 80% from their 52 week high.

Sega has partnered with PapayaMobile to launch a new role-playing game on the mobile social network.

The latest released of Google Maps contains indoor mapping data.


SAP acquires SuccessFactors for $3.4B, a 52% premium over its share price of $26.52.

Facebook acquires mobile check in service GoWalla for an undisclosed amount.

Zynga increased its target raise in IPO by $500M to $1.5B and the shares are priced at a $6 to $7B valuation.


The Founder’s Fund raised their fourth fund totaling $625M.

Company Description Investment Investors
Unbounce Marketing Solutions Inc. Unbounce Marketing Solutions Inc. provides platform to create, publish and test landing pages. The company was founded in 2010 and is based in Vancouver, Canada. 0.834 Argent Ventures, LLC; Social Leverage, LLC; 500 Startups; Real Ventures; Point Nine Capital
Freshdesk, Inc. Freshdesk, Inc. provides a customer support solution. It offers Freshdesk, an on-demand customer support software that combines back-end help desk with a community management platform and knowledge base. Freshdesk, Inc. was founded in 2010 and is based in Walnut, California. 1.0 Accel Management Co, Inc.
Miso Media, Inc. Miso Media, Inc. offers music education software. It offers Miso Music that allows users to pick, pluck, play, and learn to play the guitar for use in iPhone, iPod touch, and iPad applications; and Miso Tuner, a strobe tuner application for the iPod touch, iPhone, and iPad that simulates the visual effect of mechanical chromatic strobe tuners. The company was incorporated in 2010 and is based in Santa Monica, California. 4.0 Hearst Interactive Media; Khosla Ventures; Google Ventures
GoMiso, Inc. GoMiso, Inc., doing business as Bazaar Labs, develops a social TV platform for users to watch TV, follow shows, and earn points and badges. It develops REST API, which enables developers to access relevant information in real time about shows, movies, users, and entertainment checkins from consumer Websites or mobile applications. The company develops mobile and Web applications that encourage television viewers to check in to the content they’re watching in exchange for points, badges, and rewards. GoMiso, Inc. was formerly known as TweetNGo, Inc. The company was incorporated in 2009 and is based in San Francisco, California. 4.0 Hearst Interactive Media; Khosla Ventures; Google Ventures
Academia, Inc. Academia, Inc. enables graduate students and academics to create academic Web-pages, and find other graduate students around the world with the same research interests as them through Academia.edu site. It enables users to be a part of the community; search by research interests and departments; see latest papers, talks, and status updates in news feed; and upload papers and talks. The company also facilitates academics to list their research interests and upload papers and talks; get stats on paper views and downloads; and find what keywords people use to search for them on Google. Academia is based in Salem, Oregon. 4.5 SPARK Ventures plc (AIM:SPK); True Ventures; Howzat Media
Burstly, Inc. Burstly, Inc. provides a platform for mobile developers to maximize their marketing and revenue opportunities. It offers a marketplace where developers can buy or sell advertising. Burstly, Inc. was formerly known as .App/Ads. The company was incorporated in 2009 and is based in Santa Monica, California. 5.5 GRP Partners; SoftBank Capital; Rincon Venture Partners
Puppet Labs, Inc. Puppet Labs, Inc. provides information technology automation solutions. It offers Puppet, an open source framework for automating system administration on networks; Facter, an analysis tool for reporting system configuration and status; Tidal, a performance-monitoring solution for data centers; Puppet Enterprise that enables systems administrators to provide infrastructure in their data centers, visualize changes in their infrastructure, and orchestrate management changes across clusters of nodes within a graphical interface; and MCollective, which is a framework to build server orchestration or parallel job execution systems. It also provides support, training, and implementation services. The company was formerly known as Reductive Labs, Inc. and changed its name to Puppet Labs, Inc. in March 2010. Puppet Labs, Inc. was founded in 2003 and is based in Portland, Oregon. 8.5 Cisco Systems, Inc. (NasdaqGS:CSCO); VMware, Inc. (NYSE:VMW); Google Ventures
VMTurbo, Inc. VMTurbo, Inc. develops software platform offering virtual infrastructure solutions. The company was founded in 2009 and is based in Waltham, Massachusetts. 10.0 Highland Capital Partners; Bain Capital Ventures
Kekanto Kekanto operates an online local community that provides information on local businesses, tourist attractions, public service offices, and other points of interest in the country. Kekanto was founded in 2010 and is based in Sao Paulo, Brazil. Accel Management Co, Inc.; Kaszek Ventures