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Facebook announced Tuesday its latest talent acquisition: Strobe Corp., a San Francisco-based mobile app development startup focused on HTML5 apps. Strobe was born out of SproutCore, an open-source JavaScript framework built by engineer Charles Jolley in 2007 while he was a full-time engineer at Apple Read more »

gold coins

It’s confirmed: Groupon has set the final price for its impending initial public offering on Friday at $20 per share, giving the company a total market capitalization of $12.6 billion. That’s higher than the Chicago-based daily deal website’s previous planned share price of $16 to $18. Read more »

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Big data technology is attracting some big bucks. Kaggle, a startup that helps companies outsource large business analytics projects by turning them into large-scale competitions for scientists around the world, will announce Thursday it has secured $11 million in venture capital funding. Read more »


Music streaming service MOG just released new growth figures, and it turns out that the music platform launched by Facebook in late September has given it a big boost. MOG now has 160,000 monthly active users, representing 264 percent growth for the month of October. Read more »

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Facebook said Friday it will shut down Beluga, the social text messaging service the company acquired in March 2011. It’s not an unexpected move: GigaOM first reported that Beluga’s future was up in the air in August, when Facebook debuted the Facebook Messenger mobile app. Read more »

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Venture capitalists have generally given semiconductor startups the cold shoulder for years now in favor of the web and software spaces. But LSI Corporation’s $400 acquisition of VC-backed chip startup Sandforce could encourage more VCs to warm up to chip technology once again. Read more »


Peer-to-peer marketplace Zaarly has secured some major support — from some of the tech industry’s biggest names. Zaarly has closed on $14.1 million in a series A funding round. In addition, Hewlett-Packard CEO and former eBay CEO Meg Whitman has joined Zaarly’s board of directors. Read more »


Groupon has filed suit against two former employees who have recently joined Google. In a lawsuit filed in Illinois last week, Groupon accuses former employees Michael Nolan and Brian Hanna of taking information they learned at Groupon to their new sales jobs at Google Offers. Read more »

Qwiki CEO Doug Imbruce

Qwiki, the San Francisco-based search startup, may be going through a rough patch. Qwiki’s two top technical executives and at least one early engineer left abruptly last week, sources say, after major disagreements with the CEO over the company’s future product strategy. Read more »


Cardpool, the San Francisco-based startup that lets people buy, sell and trade unused gift cards, has been acquired by Blackhawk Network, a wholly owned subsidiary of grocery giant Safeway. Details about the deal are scarce, but Cardpool co-founder Anson Tsai says his investors “are quite happy.” Read more »

handing over money

For years, owners of Android phones have generally gotten the short end of the stick when it comes to having great apps. But venture capital firms are finally starting to realize that the Android market should be much more than just an afterthought. Read more »


Liftopia, a website that sells discounted ski lift tickets and alpine resort packages, has closed on $1.3 million in new funding. The five-year-old company, which was founded by former Hotwire executives, says it plans to add deals on summertime “mountain-related activities” to make more year-round revenue. Read more »

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