Got FOMO? (That’s “fear of missing out” for those of you who don’t do slang.) There will soon be an app for that, or so says the $3.4 million in angel funding the stealthy D.C.-area startup called timeRAZOR has raised. In its pre-launch state, the curious company is already lining up brand partnerships with big names like Marriott and L’Oreal in preparation for its March debut.
But what the heck is a timeRAZOR? → Read More
When it comes to a marketplace for fine art, a space which seems to intrinsically resist digital services, technology really hasn’t had quite the same disruptive influence it has in so many others. Startups like Zazzle and Art.com have taken steps to make art commercial and broadly accessible, with some cool technology to boot, but automation and democratization haven’t really penetrated the upper crust world of fine art in any significant way, for understandable reasons. Democratic luxury sounds like an oxymoron, or phony marketing. → Read More
Some people always see the good in people and some people always see the bad … Gawker just published a post with what at first seems to be some pretty damning evidence against Path founder Dave Morin, publishing an email where he assured writer Ryan Tate that Path wasn’t storing user data.
While today’s headlines would lead one to believe that that statement was a lie, Morin (who is a friend) tells me that the exchange is misleading. He was actually talking about Path 1.0 in the exchange, which lacked the “Add Friends” feature, and there for did not store data. → Read More
Japanese mobile gaming giant DeNA bought mobile app developer Ngmoco last year for $400 million. Since then, the company has acquired a range of other outfits and worked to tie the San Francisco startup in with everything else it does.
In general, things seem to be going well. The conglomerate just posted a strong third quarter, with net sales up 16%, which in turn boosted the stock price by more than 8% for a valuation of $4.8 billion. However, net income declined versus the same period the previous year, from $106 million to $79.2 million. → Read More
It’s been a while since we’ve heard anything about Lytro (other than nearly grabbing a Crunchie (I voted for them)), the camera where you shoot now and focus later. And the latest news comes not from the company itself, but from the FCC, which just today published the internal photos from its investigation of the device.
Like reading about chips and sensors? Click on. → Read More
Addressgate seems like an appropriate name for what is dominating Silicon Valley headlines: Path’s mobile app uploading all of your contacts. Today Michael Arrington suggested that Path delete the data gathered and start over, and now Path CEO and founder Dave Morin has decided to do just that, and apologized.
The past 24 hours of discussion has mainly been characterized by shock, horror or forgiveness. Although all well-intentioned none of these get to the heart of a very significant issue that will only get more important as the mobile and cloud architecture of consumer apps replaces the desktop and cloud combination that has characterized the past 10 years of web services. Beneath the drama there are some big issues. Here I want to try and surface them. → Read More
In a few months time, here’s what the world will be fighting to get its hands on, or get rid of depending on your confidence in Facebook’s business plan. The image of a Facebook stock certificate was included in the amended S-1 Facebook filed today with the SEC. It’s sure to become coveted by Scripophiliacs, or people who collect historic stock certificates, along with those from Google, Apple, and Pixar pictured within. → Read More
Groupon CEO Andrew Mason just finished his first post-IPO earnings calls with Wall Street analysts. (We covered it live and looked at the numbers). “We believe we are on the cusp of a sea change” in behavior, he noted. “We’re about to see what technology can do for local commerce.”
Listening to the call, I’d say his performance was mixed. He sounded a little nervous at first, but warmed up to the task just as he did during the IPO roadshow, joking with the analysts that one of the most requested features Groupon hears from customers to “stop sending me pole-dancing deals.” → Read More
Facebook is huge on mobile — as an application developer. But questions have circled for years around how it can be a real mobile platform on top of operating systems controlled by Apple and Google. But we got a little more data on what it’s already accomplishing on the platform front, today at the Inside Social Apps conference here in San Francisco. → Read More
Gumroad, the buzzy one-man startup launched by Pinterest and Turntable app designer (and 19-year-old college dropout) Sahil Lavingia, officially launches today with over $1.1 million in seed funding from investors Accel Partners, Chris Sacca, Max Levchin, SV Angel, Josh Kopelman, Seth Goldstein, Naval Ravikrant, Collaborative Fund and Danny Rimer. → Read More
It’s a sign of the times, though not a particularly surprising one: Nokia has finally eliminated its European phone assembly infrastructure and will be moving those 4000 jobs to Asia, according to a Reuters report. The factories are not being shuttered altogether, and localizing and finishing work will still be done there, but the primary assembly work is being relocated.
The news and layoffs were expected, as the company has slashed many more thousands of jobs over the last year, but this particular cut is symbolic: the intensely European company has been battered into submission, and will join the others in the now-standard configuration of “design here, build there.” → Read More
This morning, Foursquare launched an updated version of its “Explore” feature for both its iPhone and Android applications. The new version brings over several of the features already available through Foursquare on the web, including filters, photos in search results and the ability to change your location. → Read More
Facebook has just filed an amendment to its S-1 that exhibits the agreements between it and Zynga. These 2 developer agreement documents are the same as those filed in Zynga’s own S-1 amendment from last year and don’t include significant new information.
The exhibits do spell out how Facebook has promised to help Zynga with advertising on Zynga sites such as FarmVille.com, and share revenue from such a partnership. This should not be confused to mean sharing ad revenue from Zynga’s games on Facebook.com. Facebook also included its 2005 stock plan, and employment letters to key executives. → Read More
Nest is ready to fight. The Palo Alto company just issued a followup statement regarding Honeywell’s recent patent infringement suit.
In short they’re not going to roll over. They’re going to stand tall. The plan is to “vigorously defend itself” from what they call an attempt to stifle “thoughtful competition.” Nice. Go get ‘em, boys. → Read More
Thanks to our friends at Antengo, who absolutely love the TechCrunch readers, we have two huge prizes to give away this week: an Xbox Kinect and a Samsung Galaxy S II. There will be two winners for this giveaway and two ways to win for each prize.
You will have until February 12th, this coming Sunday, to win the Xbox Kinect and you will have until next Friday, February 17th to win the Samsung Galaxy S II. You can enter both giveaways. For all of the husbands/ wives, boyfriends/ girlfriends, and significant others out there, this is just in time for Valentine’s Day. → Read More
As part of news aggregator Techmeme‘s big redesign a couple weeks ago, it moved its flow of top stories to the left to make room for… white space. But founder Gabe Rivera promised at the time that there’d be stuff coming to fill it, and now we know what — an events calendar for the tech world. → Read More
Groupon just announced its first earnings report after going public last October (it missed, read our liveblog of the earnings call here.). For the full year, Groupon’s revenues were $1.6 billion, up 419 percent. The daily deal company, however, lost $350 million, most of that attributable to its very aggressive international expansion (7,000 out of its 10,000 employees are overseas). In North America, it turned an operating profit of $22 million, which was counteracted by $137 million in international operating losses.
For the quarter, revenues were $506 million, up 194 percent. The net loss was $42.7 million, which at least was down from $379 million quarterly net loss the year before. We’ll be doing our liveblog of the earnings call here. → Read More
Groupon just announced its first earnings since its IPO in November. For the fourth quarter of 2011, it reported revenue of $506.5 million, beating analyst estimates of $473 million. It’s also profitable, with net income of $15 million.
However, Groupon came up short on earnings per share, coming in at negative $0.02, rather than the positive $0.03 EPS that analysts were expecting. (That number includes a $0.07 cent tax from international operations.) As result, at 4:20pm Eastern, Groupon was down 11.3 percent in after-hours trading. → Read More
After spinning off from Expedia and debuting on the NASDAQ in December, trip reviews site TripAdvisor posted fourth quarter 2011 revenues of $137.8 million, a 30% increase over fourth quarter 2010. Full year 2011 revenues were $637.1 million, a 31% increase over full year 2010. Fourth quarter 2011 GAAP earnings per share ) was $0.16 per diluted share compared to $0.14 for the fourth quarter 2010. Net income was $22 million, a 19% increase over fourth quarter 2010.
TripAdvisor, which was founded in 2000, was originally bought by IAC in for $212 million in 2004. IAC spun off Expedia, which included TripAdvisor, in 2005. With 50 million unique monthly visitors and 20 million members, TripAdvisor is the giant in the travel reviews space. The site publishes 25 new contributions every minute and also features over eight million candid traveler photos. The reviews site operates in 30 different countries, including in China under the site Daodao. → Read More
Some people might say that there’s no way Google could be more aware of your browsing habits. Not true! There is much they don’t know. But it’s not because they don’t want to know.
Last night Google rolled out two programs aimed at increasing their awareness of how people use their browsers — what sites they visit, for how long, for what purpose, etc. They’ll pay you for the privilege, a bit like being a Nielsen family. They even give you a little box! → Read More
