Hearst, True Ventures Invest $1.5 Million In Casual Gamer VoxPop. (PaidContent)
Mogulus rebrands as Livestream. Advertising from Google and ScanScout cover the cost of bandwidth for the free service. The paid service is already profitable. And the company has $12.7 million in funding from Gannett and angel investors. (NewTeeVee) But it still has a silly, albeit now unremarkable, name.
Pandora Media, the ad-supported and online- radio service, aims to be profitable next year with revenues potentially doubling this year to about $40 million. (Bloomberg) – A lot of conditional statements there. Perhaps wiggle room.
Google tries an algorithm to stem brain drain. (WSJ) You would think Google is crumbling the way people talk about it, rather than one of the largest, most profitable online companies.
Facebook turns down $800 trillion. (Techcrunch). – Not really, it’s $8 billion, apparently. Michael Arrington, he of the get it first and half wrong type of journalism, says he has “near confirmation.” Well then.