VENTURE CAPITAL POST

Douglas Hodge, the Chief Executive Officer of Pimco, told German newspaper that the abrupt decision of Mohamed El-Erian to leave the firm surprised everyone, Reuters reported.

Sina Weibo, the China-based microblogging and social media site, has filed its IPO prospectus with the US Securities and Exchange Commission to raise as much as $500 million in its planned US debut, TechCrunch reported.

Warren Buffet said Bitcoins were a "mirage" and that investors should "stay away" from it, VentureBeat reported citing the investor's comments on CNBC's "Squawk Box."

Microsoft Founder Bill Gates thinks that innovation drives progress and doesn't mind the silly endeavors that some companies in Silicon Valley are engaged in because it is from them that important ideas emerge.

Flappy Bird creator Dong Nguyen told Rolling Stone he is thinking of bringing back the game but that won't be easy because of a clause in Apple's developer agreement, VentureBeat reported.

Mozilla finally pulled the plug on its Firefox for Windows 8 Metro browser after seeing no more than 1,000 users patronizing the app daily, TechCrunch reported.

A class action lawsuit was lodged in an Ontario Superior Court of Justice against Mt. Gox and Mizuho Bank Ltd by Bitcoin investors from Canada, Reuters reported.

The US is planning to surrender control of the system that assigns website addresses to a private group when the contract of the Internet Corporation for Assigned Names and Numbers expires next year, Bloomberg reported.

Maruti Suzuki India Ltd said it will be asking its minority stakeholders to approve the plan of parent firm Suzuki Motor to build a car plant in Gujarat, Bloomberg reported.

China-based e-commerce firm Alibaba Group plans to hold a US listing in the third quarter of this year, according to a sources interviewed by Reuters.

A report from Chetan Sharma Consulting said the US will exceed the $100 billion mark in mobile data revenue this year to be followed by China and Japan, VentureBeat reported.

Joseph Lau, the Hong Kong billionaire tycoon Chairman and CEO of Chinese Estates Holdings, was sentenced to five years in jail for bribery and money laundering, Reuters reported.

Japan-based Transcosmos Inc led the $10 million funding round for Singapore-based online beauty products platform Luxola Pte Ltd, a statement about the investment said.

The Board of Directors of Salesforce.com now has its 11th member in the person of General Colin Powell, a highly-accomplished four-star general in the US Army, TechCrunch reported.

Social media tracking and analysis firm Synthesio bagged a $20 million Series B round from European private equity firm Idinvest Partners, a statement about the funding said.