Roundup: Pay By Touch needs funding, wave power rolls in and more
Here’s the latest action:
1) Pay By Touch needs $150M to survive
2) Wave power comes to California
3) Contrary to rumors, Google Docs isn’t dead
4) … and neither is eBay
5) Ustream.tv raises funding, serves soldiers
6) MPAA wins case against TorrentSpy
7) Dan Hesse named Sprint CEO
Pay By Touch needs $150M, got any spare change? — Despite sucking in $300 million over the years and not yet coming up with a viable business, Pay By Touch’s chief financial officer… Continue Reading
Pay By Touch gets $9M emergency infusion, trial set for next month
Pay By Touch, the troubled company which raised more than $300 million from hedge funds and other investors, has gotten a $9 million emergency loan to avoid closure.
Pay By Touch began a few years ago to push technology that let people use their fingerprints to pay for their groceries and other goods. The venture firms that first invested in the company, however, gave way to large hedge funds not accustomed to running small companies. What… Continue Reading
Pay By Touch buys parent of Green Stamps for more than $100M, but why?
updated
Pay By Touch, a San Francisco start-up seeking to allow shoppers to pay with their fingerprint at the register, has bought the company behind S&H Green Stamps.
Pay By Touch will pay more than $100 million in cash and stock to acquire S&H Solutions of Delray Beach, Fla. The Mercury News has a good summary. We’re not sure how S&H, which is a customer loyalty company, fits into Pay By Touch fingerprint go-to-market strategy, but Pay… Continue Reading