Consumer Web/Social Media

BDC Capital rolls out C$150-mln IT Venture Fund II

BDC Capital, a subsidiary of Business Development Bank of Canada, has launched IT Venture Fund II with corpus of C$150 million. With an objective of bridging gap in the mid-stage funding, the new fund will support new generation of IT entrepreneurs in Canada.

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Pandora selling itself; stock soars over 10%

Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.

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Saudi Prince Al-Waleed buys some Lyft shares for $148mln

Two prominent investors in Lyft Inc sold some shares to Saudi Arabia's Prince Al-Waleed bin Talal for $148 million. The latest deal puts Lyft's valuation at $5.5 billion from $275 million in May 2013.

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Facebook Deletes Medical Marijuana Homepages Without Any Prior Warning

Facebook deleted medical marijuana hopepages on Tuesday, without any prior warning. People that relied on the site for updates on the cannibis for medicinal purposes are said to have been greatly affected by the social media giant's initiative.

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After robust phase, venture capital heads to pre-recession level

Venture capital (VC) funding activity seems to be heading towards pre-recessionary mark. The VC activity recorded robust growth phase for over seven years. The sluggish financial markets are discouraging VC funding and raising money.

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Linkedin Q4 2015 Earning is Above Expectations, But Stocks Drop 30%

LinkedIn on Thursday reported its fourth quarter earnings in 2015. The number is better than analyst expectation, but its stock dropped to 30% because of weaker earnings guidance that analyst forecasted.

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Facebook Inc Posted a Strong Profit of More Than $1 Billion in Q4 2015

The social network giant posted a strong profit. On Wednesday, Facebook reported a $1.56 billion quarterly net income in fourth quarter of 2015.

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Surface Sales Goes Up Increasing Microsoft Earnings, But Not The Windows Phone

Microsoft incomes have increased thanks to the rising Surface sales, as well as the cloud and server growth. They are the main contributors to the higher overall revenue. However, Microsoft Windows and phones are not in the same luck as their performances are still declining.

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Microsoft Q2 profit beats analysts' view on Cloud Product Power

Microsoft Corp said its quarterly profit beat analysts' view, propelled by mounting demand for its cloud products. Quarterly net income, on an adjusted basis, amounted to $6.3 billion, up from $5.8 billion in the same period last year.

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Facebook growth in 2016 will focus on video advertising, Instagram, and Oculus Rift

Facebook is expected to announce its fourth-quarter earnings soon and analyst are expecting that the company will deliver a better than expected report. The company is also expected to boost its revenue this year through the expansion of its video advertising, Instagram, and Oculus RIft.

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TotalBiscuit leaves social media: Bids an emotional goodbye

When we say TotalBiscuit, it’s the video game YouTuber John Bain. He bids an emotional goodbye to social media citing that he is not able to accept criticisms among other reasons.

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Amazon is Planning to Spend Over $3 Billion on Audio and Video Content

Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.

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Aircall raises $2.75 million in seed funding

Aircall said that it has raised about $2.75 million in a seed funding round. The funding was headed by Balderton Capital, followed by FundersClub and US-based angels.

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South Korea Has a Camp to Help Young People With Internet Addiction

The advancement of the internet in South Korea has brought some advantages as well as social issues. Internet addiction has been a concern in the country, and the government is helping to solve the issue with some programs, including rehabilitation camps.

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