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Daily deals site LivingSocial, which has made a splash over the last few months with half-off deals from Amazon and Fandango, just clinched $400 million in funding from existing investors like Lightspeed Venture Partners and Amazon, at a valuation of $3 billion. (Wall Street Journal)
Jeffrey Katzenberg, CEO MORE
Kleiner Perkins thinks we're in a third wave of technology. Doerr, Zuckerberg, Bezos and Pincus are throwing a $250 million "party" in order to ride it.
The last time venture capitalist John Doerr opined that a technology wave was about to sweep over the globe it was just before the height of the Internet bubble in the 1990s, when he pronounced that the Internet was under-hyped. Yes, there was Internet startup MOREMichael V. Copeland, Senior Writer - Oct 21, 2010 5:38 PM ET
The Facebook and Twitter explosions has changed how we communicate -- but isn't resulted in a massive ad spend. That's about to change.
The growth of social networks like Facebook, LinkedIn, social gaming sites like Zynga and services like Twitter are ripe for new forms of advertising as they occupy more and more of our online attention and time. What form that advertising will take is very much a work-in-progress concluded MOREMichael V. Copeland, Senior Writer - Jul 22, 2010 7:44 PM ET
In this episode of Techmate, Michael Copeland talks to Zynga CEO Mark Pincus about Facebook's new features, what they mean for his social-gaming company, and how Mark Zuckerberg is taking on Google (GOOG).
>Mason Cohn, Producer - Apr 22, 2010 6:09 PM ET
Grockit marries social media with standardized test prep.
Despite the controversy surrounding standardized tests for college admissions (Are they fair? What do they measure?), exams like the SAT and ACT remain a necessary evil for most college-bound students.
The same might be said of the process of preparing for these exams, a phenomenon that has spawned a multi-billion dollar industry led by two companies, the Washington Post Co.'s (WPO) Kaplan and The Princeton MOREJessica Shambora, Writer-Reporter - Jan 4, 2010 6:00 AM ET
>Mason Cohn, Producer - Dec 17, 2009 3:14 PM ET
>Ben Baer, Senior Producer - Dec 17, 2009 12:22 PM ET
At least one company is making money off of social networking. The game developer behind 'FarmVille' and 'Mafia Wars' has seen its web-based games take off - and deliver profits.
On any given day 500,000 tractors are sold on the Internet. But don't start buying stock in John Deere or Caterpillar just yet. These are $20 "virtual" tractors that belong to the 50 million players of FarmVille, the largest and fastest-growing MOREJessica Shambora, Writer-Reporter - Oct 26, 2009 6:00 AM ET
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