On its sixth birthday, Twitter reports 140M users sending 340M tweets daily.  link

The New York Times announced 454,000 paid subscribers to its various digital packages after the first year, about 25% of the size of paper circulation, second to the WSJ at about 700,000 digital subscribers. At an average annual subscription of $200, this implies an $88M run rate for the NYT digital business.  link

Wimdu, AirBnb’s German rival announces $132 million gross revenue run rate, implying a $16M net run rate. The company takes 13% transaction fee. link

Amazon will let Eucalyptus clients use the AWS API to connect Eucalyptus-based private clouds with Amazon’s public cloud, giving enabling a hybrid private/public cloud solution which brings the security of a private cloud with scalability of a public cloud. link

Digital game sales reached a total of $3.3B (+9% y/y) in the fourth quarter in the U.S. and Europe, according to the NPD Group. link

Microsoft gains 15% share in anti-virus tools. link

Facebook has purchased 750 patents from IBM to defend itself from Yahoo’s patent litigation.


Apple sells 3M new iPads during its first weekend of sales. link

Barron’s estimates 90% of mobile handset profits accrue to Apple and Samsung. The company also estimates smart phone sales will increase by 46% to 688M. link

Pew released a study on teen cellphone use (link)

  • 25% teens have a smart phone, but 77% have a mobile phone.
  • 8% of teens use location based services.
  • The average teen sent 50 messages. 14 to 17 year olds send 100 messages per day.
  • The average e-mail is read 48 hours after it is sent, while the average SMS is read in four minutes. link

VeriFone’s payment gateway and mobile payments system process to process $10B in merchandise value this year, according to the company. Square is at a $4B run rate. link

BestBuy sells 13% of iPhones while Apple sells 15%, pointing to the power of distribution channels for the iPhone, both big box merchants and mobile phone carriers. link

98% of data security breaches result from external threats marking a 28 percentage point increase in 4 years. The shift is not caused by a change in share but a dramatic rise in the number of external threats. link

Like PayPal and Square, EventBrite has released a mobile credit card reader to process transactions. link

Apple’s iPhoto For iOS tops 1M downloads. link


In 2011, Google acquired 78 companies for $2.32 billion, its most acquisitive year ever, according to a regulatory filing. Executives have said they expect to keep the pace in 2012. link

Amazon buys warehouse robot maker Kiva Systems for $775M. link

Symantec acquires enterprise mobile app store provider Nukona.

Beats Audio will acquire MOG music service. link

Groupon Acquires FeeFighters, provider of commercial credit card processing market place. link

eBay Sells its real estate listings site rent.com to Primedia. link

Zynga acquires Draw Something developer OMGPOP for $180M. link


Index launches a $200M life sciences fund in partnership with Glaxo and J&J. link

Company Description Investment Investors
42Floors Inc. 42Floors Inc. offers an online commercial real estate search engine. 0.4 Y Combinator; SV Angel
Stormpath Inc. Stormpath Inc. provides a cloud service for developers to manage users and simplify authentication and access control in applications. 1.5 New Enterprise Associates; Flybridge Capital Partners
Wantful, Inc. Wantful, Inc. operates an online gift-giving market that enables users to create and give thoughtful and exceptional gifts for any occasion. 5.5 Greylock Partners; Polaris Venture Partners, Inc.; Harrison Metal Capital; Forerunner Ventures
Averail Corporation Averail is developing a mobile content management technology that wants to help employees share enterprise documents on mobile devices. 6.0 Foundation Capital; Storm Ventures Inc.
Yummly, Inc. Yummly, Inc. operates a semantic recipe search and recommendation platform for cooking enthusiasts. 6.0 Intel Capital; Unilever Ventures Ltd.; First Round Capital; Physic Ventures, LLC; Harrison Metal Capital
Buysight, Inc. Buysight, Inc. provides online acquisition, remarketing, and brand advertising services 8.0 Onset Ventures; Rembrandt Venture Partners
CTERA Networks, Ltd. CTERA Networks, Ltd. offers a cloud service delivery platform that enables service providers to offer cloud storage; CTERA CloudPlug, a solution for file sharing, data backup, and synchronization needs of branch offices, teleworkers, and SOHO users. 15.0 Benchmark Capital; Venrock; Cisco Systems, Investment Arm
MyThings, Ltd. MyThings, Ltd. offers online products and belongings registration services. 15.0 Accel Management Co, Inc.; Iris Capital; T-Venture Holding GmbH; Carmel Ventures
oDesk Corporation oDesk Corporation operates an online employment platform that enables employers to hire, manage, and pay a flexible online workforce. 15.0 Benchmark Capital; Globespan Capital Partners; Sigma Partners; T. Rowe Price Group, Inc. (NasdaqGS:TROW)
SilverRail Technologies, Inc. SilverRail Technologies, Inc., a travel technology company, provides an integrated technology platform for selling rail ticketing solutions. 15.0 Accel Management Co, Inc.; Canaan Partners; Brook Venture Partners; Sutter Hill Ventures; GrandBanks Capital Inc.
Spigit, Inc. Spigit, Inc. provides crowd innovation solutions for Fortune 500 companies. 15.2 Warburg Pincus LLC
Xulu, Inc. Xulu, Inc. provides investment advisory services. Sequoia Capital

3 thoughts on “Weekly Tech News for March 26, 2012

  1. Great article! Thanks for providing so many resourceful links. I was surprised by some of the numbers, as I expected some to be higher (i.e. Apple’s percentage of iPhones sales), and others to be lower (Zynga’s payout for OMGPOP). I’m very impressed with the growth numbers at Wimdu after just a year, although I am curious if these are accurate portrayals of their future potential.

    Thanks again for sharing. Glad I subscribed to your blog!

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