Roundup: Another record for cleantech, economy contracting, music news and more
Here’s the latest action:
Cleantech has another record quarter — A total of $1.6 billion went into cleantech during the most recent quarter. However, much of the money came in a few massive later-stage rounds, so the sector shouldn’t breathe easy in the face of recession.
US economy contracts most in seven years — Analysts expect a massive 2.5 percent drop in GDP growth next year. More detail at Reuters.
MTV exec may head MySpace Music — MTV vice president Courtney… Continue Reading
Amazon surges to #3 music store – and four online music stores could be roadkill
Amazon’s music store has only been in business for a month, and rumors are flying that it’s already the #3 online music seller.
It’s still far behind Apple iTunes, but that might change. One rumor even pegs Amazon passing the second largest download site, eMusic, in revenue by the end of this year.
That leaves companies that don’t have a large online presence in a difficult position. Napster, Wal-Mart, Rhapsody and eMusic are all looking vulnerable and… Continue Reading