Twitter released an internal feature that censors tweets by geography according to the company. The revelation has caused backlash as censorship contrasts with Twitter’s position of enabling communication, including that which incited the Arab Spring.
Tumblr has reached 120M MAU and 15B page views per month, about half the size of MySpace at its zenith. 45% of visitors are American.
Spotify announced 3M paying subscribers, adding about 7,000 subscribers daily. The company is running at about a $20M run rate and is three times the size of Rhapsody by paying users.
YouTube revealed users are viewing 4B videos daily, up 33% in 8 months.
Netflix streaming subscribers reached 22M in Q4 which is twice the number of DVD subscribers. DVD subscribers are falling rapidly at a pace of 2.8M per quarter.
A study of 11,000 workers revealed that up to 30% of those surveyed telecommute regularly in India, Mexico and Indonesia.
Fab.com surpassed 2M members, adding 400,000 members in one month. The daily deals site for well designed products has exploded in the past six months.
Virgin Gaming, an online gaming tournament organizer, announced 1M users and $7M in prize money given to players.
AirBnB celebrated its 5 millionth booking. The UK, France, Spain and Italy are the fastest growing geographies, averaging 700% growth y/y.
SeatGeek, a New York city based secondary ticketing company, has partnered with Hearst to power all ticketing search on Hearst’s online properties.
YCombinator has hired Geoff Ralston, Garry Tan and Aaron Iba as new partners.
Palm founder John Rubinstein has left HP.
Apple reported the best quarter in company history. 37M iPhones sold (+128% y/y); 15M iPads (+111%). 80% of ATT smartphones sold were iPhones. And iPhones outsold all Android phones combined at Verizon. The company has sold 315M iOS devices to date. Revenue reached $46.3B (+63% q/q) and profits $13.1B (+100% y/y). Apple also announced iCloud, the document and photo sharing cloud based system has 85M users. Apple has $98B in cash, 60% of which is held abroad. Apple paid $700M in royalty fees to iOS developers in Q1, indicating the company reached $1B in GMV for its app store.
A Pew Study found 24% of mobile phone users used a phone to look up product reviews of when in a store; 25% compared prices when shopping in a store.
Steam, the digital game distribution company, has launched iOS and Android applications that allow users to purchase PC games on their mobile devices.
According to enterprise mobile security vendor Good Technologies, the iPhone represents 53% of devices among those in the 2,000 large enterprises it serves. The iPad has 96% share.
ShopKick announced 3M users and 1B deals viewed, adding 175,000 users per month. Shopkick’s average rank in the Lifestyle category of the iOS store is 12; overall the app is ranked about 200.
Twitter acquired web security company Dasient.
33Across, the social media advertising company, acquired Tynt.
|Fluency Forums Corporation||Fluency Forums Corporation operates an online platform that enables users to learn new languages by utilizing live video chat technology.||1.0||Draper Fisher Jurvetson; Meck, Ltd; ACE & Company Development Group Ltd.; SV Angel; Learn Capital Venture Partners; Inspovation Ventures|
|Signature Labs||Signature Labs provides a way to make connections and share discoveries of new products and services. The company is based in the United States.||1.1||Draper Fisher Jurvetson; Amicus Capital; Triangle Peak Partners. Inc.|
|Timehop||TimeHop operates a social media service that allows users to build and review social media events.||1.1||Spark Capital; O’Reilly AlphaTech Ventures, LLC|
|Continuuity||Continuuity is a stealth big data company.||2.5||Battery Ventures; Ignition Partners; Andreessen Horowitz|
|Fantasy Shopper Limited||Fantasy Shopper Limited owns and operates a social shopping platform. Fantasy Shopper Limited was incorporated in 2010 and is based in Exeter, United Kingdom.||3.3||Accel Management Co, Inc.; New Enterprise Associates|
|Recurly, Inc.||Recurly, Inc. provides recurring billing management services for subscription-based Web, mobile, SaaS, social, and publishing businesses in North America and the European Union.||6.0||Polaris Venture Partners, Inc.; eVenture Capital Partners – BV Capital; Harrison Metal Capital; Freestyle Capital|
|Skyfire Labs, Inc.||Skyfire Labs, Inc. develops and creates a compression-as-a-service based mobile video optimization browser/platform for wireless carriers and device makers.||8.0||Matrix Partners; Trinity Ventures; Lightspeed Venture Partners; Verizon Ventures|
|Onavo Mobile Ltd.||Onavo Mobile Ltd. provides solutions to reduce smartphone data consumption.||10.0||Magma Venture Partners; Horizons Ventures Limited; Sequoia Capital Israel; Motorola Mobility Ventures|
|Avalanche Technology, Inc.||Avalanche Technology, Inc. develops non-volatile magnetic memory technology for the memory industry.||11.5||Bessemer Venture Partners; Sequoia Capital; Vulcan Capital; QUALCOMM Ventures; Thomvest Ventures, Inc.; Leader Ventures|
|HelloWallet, LLC||HelloWallet, LLC provides online individualized financial advice to workers of Fortune 500 companies and other large organizations.||12.0||Morningstar Inc. (NasdaqGS:MORN); TDF|
|Bluefin Labs, Inc.||Bluefin Labs, Inc., a social TV analytics company, provides solutions to brand advertisers, advertising agencies, and TV networks and operators.||12.0||Redpoint Ventures; Time Warner Investments; SoftBank Capital; Lerer Ventures|
|Adara Media, Inc.||Adara Media, Inc., a travel marketing platform company, enables loyalty programs to monetize their customers online in the United States and internationally.||12.4||August Capital; Morgenthaler; Onset Ventures; Baseline Ventures|
|True Ultimate Standards Everywhere, Inc.||True Ultimate Standards Everywhere, Inc. provides Internet privacy services and trustmarks for businesses in the United States and internationally.||15.0||Accel Management Co, Inc.; JAFCO Ventures; DAG Ventures, LLC; Baseline Ventures|
|Elance, Inc.||Elance, Inc. operates an online employment platform that helps businesses to hire and manage programming, marketing, creative, and administrative contractors in the cloud.||16.0||Kleiner, Perkins, Caufield & Byers; New Enterprise Associates; Stripes Group|
|BeachMint, Inc.||BeachMint, Inc., a development stage company, intends to operate as internet retailers.||35.0||Accel Management Co, Inc.; New Enterprise Associates; Trinity Ventures; New World Ventures; Scale Venture Partners; Millennium Technology Ventures; The Goldman Sachs Group, Inc. (NYSE:GS); NALA Investments, LLC|