Google Executive Chairman Eric Schmidt said Google was very worried about the growing inequality in democracies, particularly San Francisco, and proposed three solutions to address the issue, TechCrunch reported.
North America
Google faces much as $5B fine if found guilty of antitrust probe in India
If India's competition regulator finds Google guilty of abusing its dominant position in search in the country, it could face a fine up to $5 billion in penalties, TechCrunch reported.
Console market faces contraction
The console market is apparently facing a substantial decline based on North American console sales from January 2007 and that of January 2014, TechCrunch reported.
Classified Ventures said to work with Moelis & Co for Cars.com website sale
Classified Ventures is now exploring a potential sale of Cars.com and is already working with Moelis & Co on the matter, a source interviewed by Bloomberg said.
Pinterest reveals number of requests for government data
Pinterest has published its transparency report on the number of requests it got from government agencies for user data from July to December last year, VentureBeat reported.
Latest News
New York, US-based online educational provider Knowledge Delivery Systems bagged $6 million in its fourth funding round from Edison Ventures to implement programs that will help improve urban school districts in the country.
Google Ventures took out the $100,000 backing it gave to Bustle, a woman-focused publication, after the investor found that they did not anymore share the same values with its founder, TechCrunch reported citing sources.
San Francisco, US-based startup Spellgun launched today to bring Western mobile games to China's mobile market under a partnership with video game art outsourcing firm Concept Art House and Chinese firm Talkweb.
Newsweek has given their full backing for reporter Leah McGrath Goodman and the story she did on Bitcoin's secretive creator Satoshi Nakamoto, The Verge reported.
The Federal Aviation Administration has filed an appeal to the decision of NTSB Adminstrative Law Judge Patrick Geraghty who ruled that the use of commercial drones was legal, TechCrunch reported.
San Francisco, US-based secret-sharing mobile app Secret is set to raise $10 million in venture capital in a funding round led by Google Ventures that will give the startup a $40-million valuation.
San Francisco, US-based application lifecycle management (ALM) solutions provider Polarion Software Inc nabbed $10 million in a Series A funding round from Munich, Germany-based investment firm Siemens Venture Capital.
California, US-based venture capital firm Norwest Venture Partners (NVP) took a controlling stake in Brighton, New York-based medical device firm iCardiac Technologies for an undisclosed sum.
Arlington, US-based intelligence community investment arm In-Q-Tel (IQT) picked up a stake in Redwood City, California-based analytics data preparation firm Paxata for an undisclosed amount.
