VENTURE CAPITAL POST

According to Bloomberg's Billionaire Index, the selloff of technology shares caused the wealthiest men in Silicon Valley to lose USD11.5 billion.

Social media giant Twitter snapped up Cover, a startup that offers a lock screen and app drawer for Android devices, for an undisclosed amount, to boost its popularity among Android users.

Just over a week after blocking Twitter, Turkey is now moving to shut down access to YouTube in a bid to stem off the source of corruption scandal and reputation-damaging leaks related to Prime Minister Recep Tayyip Erdogan.

Twitter has taken down its Twitter #Music from the App Store and will officially pull down the curtains on the app on April 18, VentureBeat reported.

Turks are now facing a new challenge getting access to the Internet after courts banned Twitter as alternative DNS numbers that were used to access the Internet were not anymore working, Reuters reported.

Twitter is now offering an alternative way of sending Tweets via SMS after Turkish Prime Minister Recep Tayyip Erdogan lambasted social media for linking him to a corruption scandal and blocking the social network in the country.

New York, US-based social media management startup Percolate landed $24 million in a Series B funding led by Sequoia Capital to help companies monitor conversations and create content on social media.

Redwood City, US-based social media startup Banjo landed $16 million in a Series B funding led by Balderton Capital to fund its growth, international expansion, and product development.

The prime minister of Turkey, Recep Tayyip Erdogan, is planning to pass a law that will ban Facebook and YouTube in the country after recordings revealing his group's alleged corruption went viral on the Internet.

US-based search giant Google got mocked by several netizens yesterday after it launched the Scraper Report, a tool that fights content stealing, because according to them, the company itself is practicing web scraping.

Burbank, US-based movie giant Warner Bros Studios is in talks with Stockholm, Switzerland-based indie game developer Mojang to make a movie based on the popular video game Minecraft, according to a Twitter post made by Mojang founder Markus Persson.

New York, US-based online employment solutions provider Monster Worldwide acquired two recruiting startups, San Francisco's Talentbin and Boston's Gozaik, for an undisclosed sum for growth purposes.

After 12 years in the industry, New York, US-based local group network Meetup closed an undisclosed amount in its second funding round from three major investors to allow some of its employees to exercise their expiring stock options.

Tokyo, Japan-based electronics giant Sony surpassed its sales target for the PlayStation 4 by selling 5.3 million units worldwide just three months after the latest game console went on sale.

San Francisco, US-based marketing automation firm Autopilot is releasing a new Chrome plugin that generates up to 42% reply rate on cold email prospecting and bridge the gap between sales and marketing.