Roundup: Websites become more vulnerable to lawsuits, Meevee looks for buyers, and more
Here’s the latest action:
Rulings could make website owners more vulnerable to lawsuits — Decisions made by judges in two separate cases, against Friendfinder.com and Roommates.com, could expose websites to potentially harmful lawsuits, according to an article on CNET. Websites were previously immune to most lawsuits based on content added to their sites by others.
Video search firm Meevee wants to throw in the towel — “Combining with an established player will maximize the potential for the… Continue Reading
Snocap, music-licensing company, lays off 60 percent of staff
Snocap, the company that wanted to let bands set their own licensing terms for music downloads across the Web, has cut its staff by 60 percent, CNET has confirmed.
The San Francisco company has struggled to define a business model amid quick change in the industry, and recently had moved into new areas, setting up online stories for musicians at various sites. It said its technology can track the usage of music online, and ensure that… Continue Reading
Women’s fashion network Glam raises $18.5 million at whopping valuation
Glam Media, a Brisbane company that claims its online fashion site network has seven million unique readers per month, has raised $18.5 million in a third round of funding.
It has now raised a staggering $30 million, a huge amount of cash for a relatively new media company. The company is valued at $150 million after the round, according to various media reports, a level that nears absurdity. VentureBeat has not confirmed that value, but… Continue Reading
Real Girls Media raises $6M for women & Web 2.0 — but feels bubbly
Real Girls Media, a new San Francisco start-up that wants to publish content for women, has raised $6 million in a first round of funding.
We reported earlier how another company, Sugar, had raised $5 million, led by Silicon Valley high-profile venture firm Sequoia Capital, after that blog site for women showed considerable traction. So this effort by Real Girls comes is somewhat predictable: You have to raise more than your competitor to lure talent, and… Continue Reading