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Path are raising $50 million over a $500 million valuation, still walking down the path to find a lead investor
Path may have just updated their apps for both Android and iOS, but their heart is with their finances right now as they're raising a $50 million Series C round at a $500 million post-money valuation.
It was only back in April of 2012 that the social network raised $30 million at a valuation of $250 million, so they've grown considerably in the last fifteen months. Google offered Path $100 million to acquire them back in 2011, with rumors arriving again that the search giant would acquire them. We'll see in the coming months, I guess.
EA Maxis have enjoyed their fair share of troubles lately, mostly thanks to the poorly launched SimCity, and it looks like some of EA Maxis' talent have jumped ship and formed a new indie gaming studio.
The new studio is called Jellygrade, and is made up of former EA Maxis Creative Director, Ocean Quigly, former Engineering Lead, Andrew Willmott and former Lead Gameplay Engineer, Dan Moskowitz. Quigley announced through a tweet that their first mystery project is about the dawn of life, where he says: "We're making a simulation about the dawn of life on earth; about lava, water, rock and the emergence of the first primordial creatures."
Yahoo posted its quarterly earnings report today and while things haven't changed much for its bottom line, the company was able to post a revenue of $1.135 billion for the second quarter of 2013 alone. This is actually down 7 percent for the same period of 2012. Of that $1.135 billion, only $137 million was actually income which is said to be up 150 percent from the same period in 2012.
Yahoo CEO Marissa Mayer had the following to say:
I'm encouraged by Yahoo!'s performance in the second quarter. Our business saw continued stability, and we launched more products than ever before, introducing a significant new product almost every week. From the new Yahoo! News, the new Yahoo! Sports app, the redesigned Yahoo! search, the new Flickr, the new Yahoo! Mail for tablet, the Yahoo! Weather app, our new Yahoo! app with Summly -- this quarter drove tremendous improvements in our product line and our users responded with increased usage and engagement.
Score another one for the good guys. Today, HTC and Sony both claimed a major victory in the patent wars when a federal jury ruled that neither company infringed on any of the four patents that WiLAN had sued them over. Other lawsuit victors include Alcatel-Lucent and Ericsson.
Alcatel-Lucent managed to beat three wireless base station claims, while Sony and HTC also had to face a fourth claim involving handset technology. Both companies said that they believed that WiLAN was greatly over exaggerating the scope of its patent while Alcatel-Lucent stated that it believed the company was stretching the boundaries of its patents.
WiLAN is pretty much considered to be nothing more than a patent troll and has been fighting lawsuits similar to this for many years including one in which Intel reportedly agreed to pay a large settlement on. WiLAN said that it was disappointed by the decision and that it still has pending litigation against Time Warner, Comcast, and others with similar claims of patent infringement.
Google's Q2 earnings report will be released this week, just after their stock prices hit a record high of $928
Google seem to be unstoppable, but do did Apple at the beginning of last year, too. But, the Mountain View-based search giant have just seen a record high stock price of $928 today, ahead of their Q2 2013 earnings report this week.
In April of this year, Google's stock price dropped to $765 after they released their Q1 2013 earnings report, but they jumped up to their original price after a few days. Google stock has steadily risen since their Q1 2013 earnings report was released, and it'll be interesting to see what happens in the coming days.
If the stock does drop, I'm sure it'll bounce back and if not, it'll be a few weeks. Google have countless products in the making, and unlike Apple they haven't cut themselves off from the market making their own devices, yet. Products like Glass and Android, as well as the great-selling Galaxy S4 have consumers hearts and wallets, and investors know this.
I've made my thoughts on the iPhone (and Apple as a company) many times before here on TweakTown, predicting that sales would drop late last year when the iPhone 5 was launching. Apple aren't releasing anything special, or different - the iPhone 5 being the peak of the 'sameish' iPhone game they've been playing for half a decade, except it was slightly taller.
Well, Fortune have now taken a look at consensus projections for how many iPhones Apple sold over the past three months, with analysts not expecting much for the quarter coming. Apple haven't been able to report any year-over-year sales growth for the iPhone, which is a big problem.
Their consensus analyst estimates that we should expect somewhere between 26.7 million and 27.9 million iPhones sold over the three-month period, which is only a slither more than the 26 million iPhones Apple sold in the same quarter of 2012. Most people think a cheaper iPhone will help them and while it would help their sales numbers, it won't help their bottom line, or for the company over the long term.
ASUS' PadFone made waves when it was announced with its ability to dock a smartphone into a tablet, but now Samsung have just secured a new patent that allows the same - a smartphone to be docked into a larger display, making it a tablet.
Samsung gets away with it because the way the smartphone inserts into the dock is different to the way ASUS' works. Patent Bolt found the patent, which shows a T-shape space for a smartphone which allows the smartphone to easily be attached to the dock. The smartphone area looks to have an extra lipped section at the top, which is also different to ASUS' design.
The filings were done in the US and Korea early last year, but there's still no news on when this will arrive from the ovens of Samsung.
Earlier today, the website TorrentFreak noticed that Google had been served with a DMCA takedown notice from HBO that ordered them to remove a torrent link for the popular media player VLC. The link was neatly tucked inside a list with hundreds of links to torrent urls for HBO's popular Game of Thrones series.
It is likely that HBO never even reviewed the list which was generated by an automatic search bot that scans the web for torrents that may infringe on copyright holders' rights. There are literally more of these notices filed every month than there are of downloads of the actual torrents. During the last month alone, Google received 14,855,269 URLs which it was forced to remove from its search results under the Digital Millennium Copyright Act.
The URL in question points to the torrent site Torrent Portal, but as you can see in the screen captured image above, it does not point to any copyrighted material as VLC media player is actually an open source project. While this is most likely a mistake, it raises a massive red flag and makes us wonder what other links were removed from Google search results because of an automated process that generates the so-called "bad URLs".
Man sees porn on Safari, sues Apple and requests they put all Apple products in 'safe mode' by default to protect people under 18
Chris Sevier, with the help of his attorney, has filed a lawsuit against Apple in the US District Court in Nashville, TN last month. Sevier is angry that Apple sell products that allow men to view porn. Yes. This isn't a joke. This is his introduction:
The Plaintiff loves Apple. The Plaintiff believes in Apple, as a company and knows that it has good intent. Since its inception, Apple has always been a pro-family company, Apple has always been an entity that is concerned with the welfare of our Nation's children, while furthering pro-American values. There is no reason for Apple, a private company to overly support pornography online, explicit sexual content which has led to the proliferation of arousal addiction, sex trafficking, prostitution, and countless numbers of destroyed lives. The Plaintiff respectfully demand that Apple sell all of its devices on "safe mode," with software preset to filter out pornographic content. If the purchaser of Apple's products is over 18, Apple should allow the buyer to take additional step to acquire a password from Apple in order to remove the filter to access Constitutionally protected indecent content. If the buyer is under 18, Apple should not provide the password.
I know, you can't believe what you're reading right now and don't worry, I'm sure you're not alone. Sevier is seeking damages and injunctive relief against Apple, all because they sell devices that are capable of viewing porn. Sevier would like to see a porn-filtering "safe mode" made default on all devices and products sold by Apple. His complaint notes that "If Apple agrees to sell its devices 'on safe mode' before trial, the Plaintiff will terminate this litigation."
Last minute bids to purchase Hulu were to be locked in on July 5, but it looks like 21st Century Fox, NBCUniversal and The Walt Disney Company will maintain ownership of the video streaming service.
Hulu were considering a sale, receiving last minute bids from multiple different companies, but the owners are now looking to invest heavily into Hulu. That investment is looking to total $750 million, which is an effort to "propel future growth." Hulu have a lot riding on this, as they push out content to over 400 partners and over 30 million monthly visitors.
Even with over four million premium 'Hulu Plus' subscribers, they're still struggling against Netflix and Amazon. This new investment could be a seed that could grow into an even better company, which would be great for everyone involved, especially consumers.