Market Analysis & Industry News

In effort to change core advertising metrics, Facebook released an ad effectiveness study concluding that 99% percent of sales generated from online branding ad campaigns were from people who that saw but didn’t click an ad. link

Facebook reported 1B MAU, 600M mobile MAU, 140B friend connections and 219B photos. link Mark Zuckerberg revealed Facebook receives more mobile web visitors than Android + iOS users combined. link Also, Facebook’s app center has 220M monthly visitors. link

Digital album sales in the US so far this year are up 15 percent compared to the same period last year. Americans have purchased 1 billion digital tracks so far in 2012. link

Product Releases

LinkedIn has released a follower model for content syndication in addition to a blogging tool for users to generate longer form content within the site. LinkedIn chose 150 luminaries to highlight. It’s unclear whether the follower mechanic will be made more broadly available. link

The New York Times has released an HTML5 version of their iPad app to skirt the taxes imposed by Apple’s iOS Newstand distribution, copying a similar move made by the Financial Times 18 months ago. link

Nest released a new thermostat compatible with 95% of home climate systems. link

HootSuite has deployed an internal conversation tool to compete with products like Salesforce Chatter and Yammer as it moves closer toward enterprise collaboration. link

ZocDoc, a free service that allows patients to find and book doctor appointments online has unveiled a new product to help people fill out medical forms online before an appointment. link

Gmail announced search within attachments. link

Xbox released an interactive polling feature for the Presidential Debate to be distributed on XBox Live. link

Sony has opened a PlayStation Mobile store for Android on select devices including the Vita. link

Facebook is testing a feature that will allow users to pay $7 to promote a story to their social network. link Separately, Facebook was revealed to scan links shared in messages and increment Like counts for each link shared. link

The Washington Post has launched the Fold, a daily news program for cord cutters. link

Company Announcements

Airbnb, Eventbrite and McDonald’s have integrated into Apple Passbook – another sign the mobile wallet is gaining momentum. link

Lemon, the mobile wallet and expense tracking application, has released a developer API called LemonADE that will replicate iOS Passbook’s functionality. link

Google has reached a deal to end its long-running court fight with major publishings houses over the company’s controversial decision to scan the world’s library books. link

Twitter is releasing a survey tool in partnership with Nielsen that will enable customers to conduct polls on Twitter. link


Shawn Fanning and Eric Feng, two key executives, are leaving AirTime. link

Shai Agassi steps down as CEO of Better Place. link

Elizabeth Bailey Weil, head of Twitter culture, has left to join Andreessen Horowitz’s social team. link


MetroPCS and TMobile will merge in a $1.5B agreement. link

Wanderfly, a social travel guide company, has been acquired by TripAdvisor. link

Ancestry.com has acquired 1000memories, the YC-backed memory company. link

HotelTonight has acquired PrimaTable, a high-end restaurant booking service. link

Wiley has announced that it will acquire Chicago-based online degree services company, Deltak.edu for $220 million. link


Company Description Investment Investors
Bottlenose, Inc. Bottlenose, Inc. operates a real-time discovery engine for the social Web. 1.0 ff Venture Capital
Cozy Cozy operates an apartment rental market place. 1.5 Google Ventures; The Social+Capital Partnership
Expect Labs, Inc. Expect Labs offers MindMeld a conversation enhancement software. 2.4 Bessemer Venture Partners; Greylock Partners; IDG Ventures; KPG Ventures; Google Ventures; Quest Venture Partners LLC
Trifacta Inc. Trifacta develops data visualization and analysis tools. 4.3 Accel Management Co, Inc.; X/Seed Capital Management; Data Collective
Jelli, Inc. Jelli, Inc. operates a user-controlled radio that enables users to take over a radio station using their Web browsers. The company was incorporated in 2007 and is based in San Mateo, California. 9.0 Intel Capital; First Round Capital; Relay Ventures
Betterment LLC Betterment LLC operates as an online investment advisor and brokerage firm in the United States. The company was founded in 2007 and is based in New York, New York. 10.0 Bessemer Venture Partners; Menlo Ventures; Anthemis Group SA
Gravity Gravity owns and operates an Internet community. The company offers content sharing, widgets, and application programming interface services. 10.6 August Capital; GRP Partners; Redpoint Ventures
Oppa Design Ltda. Oppa Design Ltda. operates as a company specializing in e-commerce for furniture and decorative objects 13.0 Monashees Capital+; Thrive Capital; Kaszek Ventures; Valar Ventures Management LLC
thredUP Inc. thredUP Inc. operates thredUP.com, an online children’s clothing exchange platform. It connects moms across America and facilitates trading of clothes and toys for girls and boys. 14.5 Highland Capital Partners; Redpoint Ventures; Trinity Ventures
Rap Genius Genius Media Group Inc. owns and operates an online platform offering a forum to the users for discussing rap lyrics and meanings. The company is based in the United States. 15.0 Andreessen Horowitz
Thinking Phone Networks, LLC Thinking Phone Networks, LLC provides cloud-based unified communications services to organizations worldwide. 16.5 Advanced Technology Ventures; Bessemer Venture Partners
DataStax DataStax provides software, support, and training for Apache Cassandra, an open source database developed through the combination of Amazon and Google technology. 25.0 MeriTech Capital Partners; CrossLink Capital, Inc.; Lightspeed Venture Partners
Transphorm, Inc. Transphorm, Inc. designs and develops power conversion rapid switching circuits. The company was incorporated in 2007 and is based in Goleta, California. 35.0 Foundation Capital; Kleiner, Perkins, Caufield & Byers; Nihon Inter Electronics Corp. (TSE:6974); Lux Capital Management; Soros Fund Management LLC; Google Ventures; Innovation Network Corporation of Japan; Bright Capital
Dynamic Network Services Incorporated Dynamic Network Services Incorporated provides managed domain name system solutions 38.0 North Bridge Venture Partners; Borealis Ventures
Barracuda Networks, Inc. Barracuda Networks, Inc. provides content security, data protection, and application delivery solutions in the United States and internationally. 130.0 Sequoia Capital; Francisco Partners Management LLC

2 thoughts on “Weekly Tech News for October 8, 2012

  1. I was curious if you ever thought of changing the layout of your site?
    Its very well written; I love what youve got to say.

    But maybe you could a little more in the way of content so
    people could connect with it better. Youve got an awful lot of text
    for only having 1 or 2 pictures. Maybe you could space it out

Comments are closed.