VENTURE CAPITAL POST

Shares of Blue Buffalo and Air Transport Service gained during the Wednesday trading session while shares of Yelp, Unisys Corp and Zagg Inc lost their shares in the stock market.

Amazon Echo is a smart device that was launched on November 7, 2014, it can respond to human voice when users call its name, "Alexa." After a year in the market, new functionalities are added to make it a better smart device.

Indian-based restaurant search app Zomato acquired $60M from Temasek Holdings and Vy Capital. The search app will use it to expand the business to other countries and to introduce other services like Zomato Whitelabel.

Crowdsourced business review site Yelp took a double whammy as its chairman filed his resignation after the company's stock plunged 28 per cent for the second quarter of 2015.

Tencent Holdings Ltd, the biggest Internet company in Asia, purchased a 20% stake in online review platform Dianping.com, as it steps up its location-based services, Bloomberg reported.

Stockholm, Sweden-based mobile phone community Truecaller grabbed $18.8 million in a Series B financing round led by Sequoia Capital to help identify unknown phone callers and block spam calls.

Yelp added a new functionality, allowing everyone to write and edit full reviews through the Yelp mobile app.

Analyst Aaron Kessler said internet stocks' gains would continue because investors were more confident in new business models like mobile and community advertising.

Yelp acquired SeatMe for US$12.7 million.

Yelp's CFO, Rob Krolik, announced that the company's doors are open to a possible partnership with Facebook graph search feature.

Today Facebook’s price declined further, closed at $25.87 per share, down 3.83%.

Today Facebook’s price declined further, closed at $25.87 per share, down 3.83%.