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Visa Issues Scuttle Topix’s Acquisition Of Taploid, Gossip App Will Now Shut Down Amid Funding Crunch

Posted by on Dec 18, 2012 in Business Angels, Business Apps, Crowdfunding, Facebook, Finance, Google+, LinkedIn, Running a business, Social Media, Startup, Startup Business Plan, Startup Companies, Startup Ideas, Startup Programs, Technology, Twitter, Venture Capital, YouTube | Comments Off on Visa Issues Scuttle Topix’s Acquisition Of Taploid, Gossip App Will Now Shut Down Amid Funding Crunch

Taploid Feature Done FInsihedIt’s a tough day for The Taploid and its plucky founder Redg Snodgrass. H1-B visa issues for the startup’s UK team soured a buyout by city forum site Topix, and investors have pulled out forcing the tabloid app to shut down and the team to scatter into consulting jobs. It’s a sobering moment that illustrates why the U.S. needs to fix its startup visa situation, and that the funding crunch is real.

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Google Maps For iOS Was Downloaded Over 10M Times In Its First 48 Hours

Posted by on Dec 17, 2012 in Business Apps, Gadgets, Google+, Social Media, Technology | 0 comments

According to Google’s Jeff Huber, Google Maps for iOS is a runaway success, having seen over 10M downloads in just 48 hours after its...

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Microsoft Xbox Updates SmartGlass App For ESPN And NBA Game Time, Adds New Sports Picks Second-Screen Experience

Posted by on Dec 17, 2012 in Business Apps, Technology | 0 comments

It wasn’t long ago that Microsoft announced its SmartGlass second-screen app, which gives users better control of their viewing...

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Morgan Stanley Fined $5M Over Facebook Research And Handling Of IPO By Massachusetts (UPDATED)

Posted by on Dec 17, 2012 in Business Angels, Business Apps, Crowdfunding, Facebook, Finance, Google+, LinkedIn, Running a business, Social Media, Startup, Startup Business Plan, Startup Companies, Startup Ideas, Startup Programs, Technology, Twitter, Venture Capital, YouTube | Comments Off on Morgan Stanley Fined $5M Over Facebook Research And Handling Of IPO By Massachusetts (UPDATED)

8018111847_1b2aaf9f03_zAccording to CNBC, Morgan Stanley has been fined $5M over its Facebook research practices. This is the second huge fine for Morgan Stanley, the first being over “noncompetitive trades” in June. Facebook’s stock jumped out of the gates and dipped dramatically, and Morgan Stanley filed a report based on its research afterwards, including why it was priced at $38: Our base case scenario assumes that Facebook’s revenue growth moderates as it takes a measured approach to increasing mobile ad load while engagement increasingly shifts to mobile devices. Facebook enters an investment cycle characterized by compressed adjusted operating margins in C2012/13E. Facebook grows total revenue at a +28% CAGR from C2013-16E, while advertising revenue (+31%) grows substantially faster than payments revenue (+17%) due to casual games being played increasingly through mobile devices. We forecast C2013E adjusted EBITDA margin of 60% in this scenario. The state of Massachusetts also fined Citigroup $2M for its involvement in the Facebook IPO. At the time, it was said to be over “violating state securities law when it released confidential information about Facebook Inc.” When the fine was levied, Citgroup’s Sophia Stewart had this to say: We are pleased to have this matter resolved. We take our internal policies and procedures very seriously and have taken the appropriate actions. We have reached out to Morgan Stanley for comment. There has been discussion about Facebook’s eventual $5B IPO for some time, and after the fact, people have been saying that something wasn’t quite on the up and up. For a company that makes $25B in revenue yearly, the $5M fine could be a drop in the bucket financially, but a huge ugly mark on the company’s reputation. The company did make out quite nicely on the Facebook IPO, even though others did not. Update: We have received a statement from a Morgan Stanley spokesperson on the matter: We are pleased to have reached a settlement with Secretary Galvin and the Massachusetts Securities Division and to have put this matter behind us. Morgan Stanley is committed to robust compliance with both the letter and the spirit of all applicable regulations and laws. [Photo credit: Flickr]

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CES 2013: Keep Up With The News With Our Live Video Feed Schedule

Posted by on Dec 17, 2012 in Business Apps, Social Media, Technology, YouTube | 0 comments

As we mentioned last week, TechCrunch will be at CES this year with camera in hand. Our goal is two-fold: to run around the event with our...

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Google Launches “Surprise Calendar” In Google Play To Give Away Free And Discounted Apps, Music, Movies & More

Posted by on Dec 17, 2012 in Business Apps, Google+, Social Media, Technology | 0 comments

Google today launched the first deal in what will be a series of freebies and discounts on mobile apps, books, TV, music and movies, now...

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