When the stock market goes into the dumps, it takes a while for the effects to trickle down to start-ups. That’s because start-ups are often are working away on a project that’s isolated from the larger market — and if they’re lucky, they have money from venture capitalists.
For the start-ups with no angel or VC [...]
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The Dow Jones Industrial dropped nearly 700 points in the opening minutes of trading today, as global investors continue to see no firm answer from U.S. leaders about how to solve the mess we’re in. Those investors, used to decades of U.S. confidence — confidence that we showed even in the aftermath of 9/11 — [...]
The stock market plunged again today, sending the main stock markets down to their to their lowest level in five years. The Dow dropped 678 points, or more than 7 percent, crashing below 9000. The Nasdaq fell 5.47 percent, and the S&P 500 fell 7.62 percent.
The continued drop has sparked increased talk by the government [...]
updated
Glam Media, the fast-growing content and ad network focused on women, has launched Glam Luxury — featuring things like high-end fashion, premium travel and fine living. It will target luxury advertisers, including Swarovski.
What great timing! A luxury site? Right when the economy is falling off the cliff? When hundreds of thousands, including wealthy bankers, are [...]
YouTube has introduced new buttons at the bottom of videos that let users click to buy the video’s music track or related game.
Right now, there are buttons to download and buy from Apple’s iTunes or Amazon.com. YouTube will soon introduce other merchant partners for other types of goods, such as films, TV shows, video games, [...]
The deteriorating economy, and cloudy horizon for the advertising industry, has claimed one more victim: Jellycloud, the ad company I wrote last month that was the latest incarnation of team that ran the controversial Gator and Claria.
Last weekend, it threw in the towel, sent home its 36 employees, and assigned assets to a liquidator that [...]
Facebook co-founder Dustin Moskovitz (left) and colleague Justin Rosenstein (right) said this weekend they are leaving Facebook to start their own company.
The moves are just the latest in a steady exodus from Facebook, a trend that has sparked questions about whether the popular social networking company’s culture is changing and whether it is losing its [...]
Facebook has just orchestrated another shuffle in its management team, in the latest sign that founder and chief executive Mark Zuckerberg is turning to the company’s engineering roots by promoting top lieutenants.
Facebook has appointed Christopher Cox as director of product, a significant position because he will control the direction of future product releases. Cox (pictured [...]
Even before this week’s massive financial turmoil, the environment for taking companies public or selling them was bleak. And this week’s massive plunge in the Dow will only serve to rattle nerves even more — so don’t expect much improvement for the rest of the year.
There were no IPOs in the second quarter, and just [...]
U.S. stocks have plunged badly over the last half-hour, as the bailout package began to hit a snag in the U.S. House of Representatives. It looks like they’ve hit a nadir, and recouped some of the losses. [Update: Well, they resumed their fall; The Dow closed today down 7 percent, and the Nasdaq 9.1 down [...]
Skydeck, the online service that helps track who you call and text with your mobile phone, has raised a $3 million first round of financing to expand its service onto various mobile devices.
Skydeck launched at VentureBeat’s MobileBeat conference in July, and won an award for boldest idea. It creates a sort of social network for [...]
Usually, venture capital firms have funds that last for ten years, and so by and large they are immune from the mess on Wall Street. That’s good for technology start-ups, who count on VC firms to back them.
However, large financial institutions, many of them in Wall Street, are among those that provide venture capital firms [...]
Microsoft is delaying the update to its mobile operating system, called Windows Mobile 7, with the new phones carrying the operating system now increasingly unlikely to hit the market before 2010, according to sources.
The delay comes at a bad time for Microsoft, because rivals like the iPhone and now Google’s Android are hitting the market [...]
Microsoft is quietly readying a plan to make a purchase of the combined Yahoo-AOL, should Yahoo pull off its plans to acquire the struggling America Online unit, according to sources close to AOL — via the menage-a-trois with AOL.
Microsoft was rebuffed earlier this year when it tried on multiple occasions to buy Yahoo. However, the [...]
updated
Glam, the content and advertising network focused on women, is launching a German site called Glam Deutschland, after acquiring a large German content network called Codex Media.
Techcrunch reported on the Codex deal, after getting a tip about it today. We’ve confirmed the Codex deal with company sources. In fact, the much of the Codex deal [...]
Updated with more details about Glam’s channel for men, which has been called “CodeBlue” internally — see image below left
Glam, the women-focused online ad network, is laying off 14 out of 200 employees, mostly in sales, reports by Valleywag and Silicon Alley Insider indicated today.
The cutbacks, while coming just seven months after Glam raised $85 [...]
Grouptivity is one of several Web tools that lets you easily strip information from a Web site and share it with others. Now it’s stepping up its intimacy with you. It wants to help bloggers capture you when you grab information from the blogger’s site, by prompting you to become a “member” of the site.
All [...]
HP, one of the country’s biggest computer companies, is boasting that it boosted its PC sales by 10 percent in May after it leveraged the blogging community to promote the launch of one of its computer systems.
I’d have shrugged off this announcement, had it not been so unbelievable. Bloggers? Boosting PC sales by 10 percent? [...]
The New York Times announced today that it will syndicate VentureBeat’s content, as part of a redesign of the Times’ online technology section.
This is great for VentureBeat. The Times has long represented excellence in the news profession. The partnership is an endorsement of something we’ve been working hard to achieve, which is to publish content [...]
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