Roundup: Dow drops 680 points, Palm revenues crater, Trutap shutting
Here’s the latest action:
The Dow drops 680 points: The U.S. stock market tanked on Monday as concerns mounted about the global economic crisis. The Dow closed at 8149.09, down 7.7 percent. With oil down below $50 a barrel and markets worldwide suffering the jitters, investors are running out of places to run. The Wall Street Journal has more.
Palm’s revenues crater: The maker of Treo smart phones reports that its revenues will be $190 million to $195 million,… Continue Reading
Trutap, mobile social network company, raises $6.5M after launch
Trutap, the London company giving teenagers communications and social networking features on their cellphones, said it has raised $6.5 million more in funding. The company has now raised about $13 million in total. The company launched just two weeks ago; we wrote about it here.
Funding comes from Tudor Group and founding angel investors.
New companies launch: Yap, Cognitive Code, Viewdle, Faroo & more
Ten companies presented during today’s morning portion of Techcrunch40 conference in San Francisco. If we were able to have stock in these companies, here’s how we’d rank them: CastTV, Cubic Telecom, Yap, Cognitive Code, Viewdle, Powerset, Trutap, Faroo, Ceedo and Loudtalks. Summaries of each company follow.
CastTV, the video search engine — We’ve written about the company before, and it still hasn’t launched publicly. The development today is that it showed live demonstrations for the first time…. Continue Reading
Trutap takes on Bluepulse — to be mobile social network
Trutap, the latest company wanting to give the world’s teenagers access to their lives on mobile phones, will launch Friday.
Its features may sound familiar: The London company has built a downloadable mobile application that works in more than 200 countries, on most of the world’s most popular phones. This application lets you send instant messages through any of the major messengers, engage in group chat, upload photos to your photo sharing site, and update your… Continue Reading