Business

Groupon Raises Nearly A Billion Dollars

Groupon, the rapidly growing deals site, announced yesterday that it’s raised a whopping $950 million, which will be used to expand the company’s global network and to invest in technology.

The company, which is just over two years old, made a splash in December when it reportedly declined Google’s $6 billion buyout. And the $950 …

Groupon To Advertise During Super Bowl Pre-Game

Groupon is ready to take a bigger step into America’s homes.The social buying-powered website is normally passed through word of mouth and through member emails, but now they are buying some pre-game Super Bowl ads to make their brand even more well known, Ad Age reports. According to the article, Groupon has hired Groupe’s Starcom as …

Can You Tell When a Celeb’s Tweet is #Endorsed?

When actress Elizabeth Hurley tweets that she loves a specific Estee Lauder product, she could be getting paid the big bucks to say so. Since the actress has been the face of the brand for over 15 years, it seems like quite the coincidence that every once and awhile she gives Estee Lauder shout out.

Although the FTC ruled late last …

Facebook To Go Public in 2012?

The Wall Street Journal is reporting that Facebook is getting ready to go public and increase their shareholders above 500 members in 2012. Details were revealed in a 100-page document sent to a select group of potential investors.The company is currently under a SEC investigation that is looking into claims that the company has gone …

eBay Mobile Sales Triple in 2010

According to eBay, online shopping on your computer is so 2009.

The company announced this morning that its gross merchandise volume in global mobile sales has tripled from $600 million in 2009 to $2 billion in 2010. eBay also added that its mobile apps have been downloaded over 30 million times in eight different languages and over …

Third Generation Kindle Is Amazon’s Best Selling Item

Move over Harry Potter and the Deathly Hallows: The third generation Kindle is now Amazon’s number one selling item of all time. According to a press release from Amazon, on the peak day, Amazon shipped out nine million units alone, and the Kindle has been shipped to 178 countries. The company won’t reveal exactly how many units …

Sony Sticking By Google TV, 3D TVs

Sony says they are optimistic about Google TV and 3D TVs despite negative reviews, according to the New York Times. The company projected that Google TV and the 3D TV models would make them profitable in the TV manufacturing sector after six years of straight losses,  but it looks like they are going to have to wait a bit …

Is Your Mobile Device or Laptop Funding Conflict Mineral Wars?

Many of our electronic devices are made up of minerals like tantalum, used to make the capacitors in most cell phones, and tin, which makes up the inside lining of some cell phones and is used to solder circuit boards. Unfortunately, many of these materials come from conflict-ridden areas of the Congo, where increasing profits from …

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