Join Transform 2021 this July 12-16. Register for the AI event of the year.


Uber, an also-ran social network turned microblog platform, closes down — Investors included Universal Music Group and Sterling Stamos Co-Investors fund. The company claimed that it closed down due to economic issues, as you can read on its site. More on PaidContent.

Mobile payment company Transaction Wireless raises $2.25 million — Funding comes from Mission Ventures and Okapi Ventures.

House debates about how its members can use web video, devolves into childish squabbling — The Senate has already avoided such squabbling and worked out its own rules.

Avigo Capital Partners is raising a $300 million fund
— The New Delhi, India-based private equity fund plans to close this third fund by the end of the year.

Teen virtual world Habbo may be making up to $38 million in revenue a year? — Jeremy Liew looks at various rumors about how much the company could be making.

Yahoo president Sue Decker defends “Yahoogle” dealMore on All Things D.

Immunotherapeutics company Macrogenics raises $25 million — Investors include Nextech Ventures, Arcus Ventures, Innovis Investments and Eli Lilly and Company.

Half a million sign up for EA’s Warhammer OnlineThis comes a week after launch.

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