ADOTAS – Holy hell — Twitter is raising another $800 million, giving it a valuation of $8 billion? Well, $400 million is apparently going towards cashing out current investors (doesn’t Fred Wilson of Union Square Ventures keep yapping about inflated valuations?)and employees. Kara Swisher at All Things D hears that the big new investor is DST Global — the Russian investing powerhouse with its dollars in Facebook and Zynga — which has been trying to bankroll the microblogger for some time.
Hail to the new king: Apple finally topped Nokia in worldwide smartphone sales during the second quarter of 2011. Apple shipped 20.3 million iPhones during the quarter (a 142% jump year-over-year) compared to Nokia’s 16.7 million (down 34% year-over-year and 31% just from the first quarter.
Do you like Google Labs, where many beloved Google tools were incubated? Tough luck, because Google’s shutting it down — and killing the Google toolbar for Firefox. Is Google’s age of innovation over? Perhaps — the search giant is apparently going to start offering credit cards to AdWords users. Can I get a picture of my adorable cat on my card?
Group social networking site Fridge has been acquired by Google to bring the startup’s group communication tool (including photo-sharing and event-planning) to Google+.
The New York Times boasted that digital subscriptions are around 224,000 (which doesn’t include the 57,000-odd subscriptions sold through e-readers like Amazon’s Kindle) and that digital ad sales improved by 2.6% — too bad print ad sales fell by 6.4%
Brand-oriented mobile ad network Mobile Theory has signed exclusive mobile ad deals with three major consumer electronics publishers: Digital Trends, Mac Citi and eCoustics.
According to Gartner, in 2011 141 million consumers (a 38.2% boost over 2010) will spend $86.1 billion using mobile payment systems, up about 76% from the year prior’s total of $48.9 billion.
Feel like reading David Vladeck, head of the Federal Trade Commission’s Bureau of Consumer Protection, say a whole lot of nothing? Go to AdAge.