Quick Hits: $800 Million More in Twitter Funding? Wow…


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+.

Magnetic has got a rep for its search retargeting capabilities, but the company can also serve your site retargeting needs through its new Magnetic Force (yes, they called it that) solution.

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.

The barriers between HD TV and online video advertising are falling! Extreme Reach’s Q2 HD Advertising Trends Report finds a 50% boost in HD ad distribution over the last six months.

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.

As Etsy founder Rob Kalin steps down, Chad Dickerson is moving from the CTO’s office to the CEO’s. What new directions await the online craft marketplace?

Following its partnership with Cox Digital Media’s Appetite Media, food-centric ad network Gourmet Ads has acquired recipe search engine Recipe Bridge.



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