Roundup: Uber closes down, Yahoo speaks on Yahoogle and more
Uber, an also-ran social network turned microblog platform, closes down — Investors included Universal Music Group and Sterling Stamos Co-Investors fund. The company claimed that it closed down due to economic issues, as you can read on its site. More on PaidContent.
Mobile payment company Transaction Wireless raises $2.25 million — Funding comes from Mission Ventures and Okapi Ventures.
House debates about how its members can use web video, devolves into childish squabbling — The Senate has already avoided such squabbling and worked out its own rules.
Avigo Capital Partners is raising a $300 million fund — The New Delhi, India-based private equity fund plans to close this third fund by the end of the year.
Teen virtual world Habbo may be making up to $38 million in revenue a year? — Jeremy Liew looks at various rumors about how much the company could be making.
Yahoo president Sue Decker defends “Yahoogle” deal — More on All Things D.
Immunotherapeutics company Macrogenics raises $25 million — Investors include Nextech Ventures, Arcus Ventures, Innovis Investments and Eli Lilly and Company.
Half a million sign up for EA’s Warhammer Online — This comes a week after launch.
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About the Author, Eric Eldon
Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.
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