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Market Analysis & Industry News

The DOJ ruled Apple and publishing houses may not enter into ebook pricing contracts for 2 years. This will likely result in a decrease in eBook prices for consumers.link

Huawei has surpassed Ericsson to become the world’s largest telecom vendor. link

Twitter is blocking Instagram’s access to the Twitter friends API shortly after shutting off LinkedIn.link

Craigslist has issued a cease and desist letter to visual apartment rental mapping service, Padmapper. link

Earnings

Facebook announced $1.2B (+20%) in Q2 revenue and a $743M loss due to compensation expenses. MAUs increased 29% to 955M and DAU averaged 552M. ARPU remained flat at about $1.24. link

Apple generated $39B in revenue and nearly $12B in net profit in Q2 link. Apple has sold 410M iOS devices, 365M of which are active, and generates about $19 per device in lifetime purchases.link Apple has sold 26M iPhones and 17M iPads in Q3 2012, 67M in total. link iCloud accounts total150M. link The iPad generates only half the margin of the iPhone (49 to 58%), according to documents made public in the Apple/Samsung patent battle.link

Amazon reported $12.8B (+29% y/y) in revenue and $7M in net profit. link

eBay reported revenue of $3.4B (+23% y/y) and net income of $623M. PayPal grew to $1.4B and 112M accounts. link

Samsung announced $42B (+21% y/y) in revenue and $5.9B (+79%) in net income. The company announced 10M Galaxy 3s sold in July. Samsung’s mobile handset business drives about half of its net income. link

Product Releases

Google has launched its Fiber initiative in Kansas City offering gigabit internet service for $70 per month.link

Big Fish Games has announced an $8 monthly gaming subscription service across tablets, phones and PCs that will compete with Verizon’s offering announced last week. link

Company Announcements

The Financial Times revealed digital subscriptions have grown 31% q/q to 300,000, exceeding print subscription for the first time. Digital products account for 50% of sales.link Separately, the New York Times announced 500,000 digital subscribers, up 12% q/q. link

TripAdvisor announced 75M reviews up 50% since last year contirbuited by 32M members and 56M monthly uniques. link

Instagram has reached 80M users who have shared 4B photos.link

Amazon’s public filings revealed LivingSocial lost $93M last quarter on revenues of $138M.link

Liquidity

VMware has acquired Nicira, makers of software controlled networking, for $1.25B link

Airbnb has acquired Batch/DailyBooth to help spur mobile adoption.link

Trulia is rumored to have filed for IPO under a new rule that allows companies with under $1B in revenue to file confidential documents. link

Financings

Company Description Investment Investors
BalconyTV Global Limited BalconyTV Global Limited provides an online viral music show that features bands, musicians, and other various acts on balconies worldwide. The company was founded in 2006 and is based in Dublin, Ireland. 0.75 Polaris Venture Partners, Inc.; Greycroft Partners LLC; Lerer Ventures
Keen.io Keen.io develops and operates an analytics platform for mobile application developers to collect, analyze, and visualize data. 0.75 SK Ventures Co., Ltd.; 500 Startups; Data Collective
Booshaka Inc. Booshaka Inc. operates a word of mouth marketing platform for the social Web. It offers Booshaka, a product that helps Facebook marketers to understand, engage, and amplify a fan activity. 1.0 The Founders Fund; SV Angel; PivotNorth Capital
FitNet LLC FitNet LLC owns and operates Zipongo, a health related mobile application that offers information of healthy deals on natural and organic food products. 1.0 Founder Collective
Pop-Up Pantry 1.7 GRP Partners; Crosscut Ventures Management, LLC
GiveForward, Inc. GiveForward, Inc. owns and operates a Web portal to enable users to create fundraising pages to raise money for chemotherapy, organ transplants, mission trips, funeral expenses, and favorite non-profits needs. 2.0 First Round Capital; Founder Collective; FireStarter Fund
Modular Robotics LLC Modular Robotics LLC develops robot construction kit for kids. Its product include Cubelets, a KT06 kit that contains 6 cubelets that can be snapped together to make robots without programming and wires. 3.0 Foundry Group
Mashery, Inc. Mashery, Inc. provides API management services that enable companies to leverage Web services. 10.0 Formative Ventures, LLC; First Round Capital; OpenView Venture Partners; .406 Ventures, LLC; Cisco Systems, Investment Arm
Meteor Development Group Meteor is developing an open source server side framework 11.2 Matrix Partners; Y Combinator; Andreessen Horowitz
Xamarin Inc. Xamarin Inc. develops software development tools for mobile applications. 12.0 Charles River Ventures; Ignition Partners; FLOODGATE
TaskRabbit, Inc TaskRabbit, Inc. operates a Web and mobile marketplace that helps individuals and small businesses in a community to outsource their tasks and deliveries 13.0 Lightspeed Venture Partners; Shasta Ventures; The Founders Fund; Baseline Ventures; 500 Startups
Revinate, Inc. Revinate, Inc. provides a social media cloud-based platform for the hospitality industry. 14.5 Benchmark Capital; Formation8 Partners
Nextdoor.com, Inc. Nextdoor.com, Inc. offers a service that allows communities to create private websites to facilitate communication among neighbors and build stronger neighborhoods. 18.6 Benchmark Capital; Greylock Partners; Shasta Ventures; DAG Ventures, LLC
Apigee Corp. Apigee Corp. designs and delivers API tools and enterprise API management products for developers, API providers, and enterprises in the United States and internationally. 20.0 Bay Partners, LLC; Focus Ventures; Norwest Venture Partners; SAP Ventures; Third Point LLC
Ticketfly, Inc. Ticketfly, Inc. is a Web-based ticketing and marketing company that leverages social media to help venues and promoters manage live events. 22.0 Mohr Davidow Ventures; SAP Ventures; Northgate Capital Group, L.L.C.; Cross Creek Capital
Asana, Inc. Asana, Inc. develops collaboration software tools. It offers Asana, a Web task manager that enables teams of people manage their work flow by breaking projects into tasks. 28.0 Benchmark Capital; The Founders Fund; Andreessen Horowitz
JustFabulous, LLC JustFabulous, LLC provides shoes and handbags for women in the United States. 76.0 Matrix Partners; Rho Capital Partners, Inc.; Technology Crossover Ventures; Intelligent Beauty, Inc.
Stamped, Inc. Stamped, Inc. operates a platform that enables users to record and share their likes about restaurants, books, movies, and music with their friends. New York Media LLC; Bain Capital Ventures; Columbia Records, Inc.; Google Ventures; Metamorphic Ventures; TomorrowVentures, LLC; The New York Times Company, Investment Arm; CrunchFund
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3 thoughts on “Weekly Tech News for July 30, 2012

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