VENTURE CAPITAL POST

Flappy Bird, the popular mobile game created by Vietnamese developer Dong Nguyen, proliferated in app stores and even on the Internet in the form of HTML5 games after the original game was pulled from the Apple App Store and Google Play.

A source interviewed by Reuters said billionaire activist investor Carl Icahn had a higher stake in eBay than what was previously reported, saying that his stake was near 2%.

The UK website of e-commerce giant eBay will soon allow the sale of Bitcoins and other digital currencies under the Virtual Currency category, CNET reported.

E-commerce giant Amazon may have quietly bought Silicon Valley-based mobile payments startup Gopago for an undisclosed amount for a new "ambitious" project, according to Italian newspapers.

Chief Executive Officer John Donahoe of eBay Inc said in an interview with Emily Chang on Bloomberg Television that the use of drones to deliver products to consumers is a fantasy.

With more shoppers wishing to avoid the throng, research firm comScore reported a 15% increase of online spending on Black Friday to USD 1.20 billion.

Online shopping website Amazon is set to dominate this holiday season, rising above other ecommerce rivals and traditional retailers and hitting a 54% increase in its stock this year.

Indian e-commerce company Yebhi.com is looking to raise USD30 million to USD50 million from venture capital firms. If successful, Yebhi.com will follow leading online retailer Flipkart, which raised USD360 million.

A group of private equity investors, SoftBank and eBay had pumped in around USD150 to USD200 million worth of new funding to online marketplace Snapdeal.

UK newspaper The Guardian had confirmed the departure of American journalist Glenn Greenwald, who is rumored to be joining a new media venture backed by eBay founder Pierre Omidyar.

The new system introduced by Argos and eBay would be allowing customers to pick up ordered items from eBay in Argos stores.

A Reuters report stated that Amazon Inc invested a massive USD13.9 million on warehouse facilities to strengthen its expansion.

PayPal plans to expand so that it could be a one-stop shop for customers' financial services needs.

Facebook hired Gary Briggs from Google's Motorola Mobility as its first ever marketing chief.

PayPal's mistake made a resident from Pennsylvania the richest person alive for a few hours with exactly US$92,233,720,368,547,800.