Groupon today launched “Reserve,” a platform that allows users to get discount pricing at upscale restaurants by booking at off-peak times. The feature, which is live in 10 major U.S. metropolitan markets, will also soon include discounts at other upscale venues, including spas, salons, hotels and entertainment brands, Groupon said.
After raising $60 million in Series B funding, Snapchat will focus on scaling its ephemeral messaging service and hiring more engineers, according to a report by AllThingsD.
In early 2011, we looked at Assistly, Dropbox and Qriously as tools that could help small businesses and startups. We had to take a look — where is everyone now? So far the tools, apps, companies we’ve been watching are steadily growing up into first movers and disrupters. Of our three follows above we have one acquisition, one member of the billion-dollar valuation club and one positioned to be there soon. We might even see an IPO from this group. One thing is for sure: social media isn’t going away and those who are mastering it are riding the wave to the top.
Yahoo has officially announced its plans to acquire Tumblr for $1.1 billion. Much like Facebook’s $1 billion acquisition of Instagram in 2012, Yahoo’s latest purchase will bring the company a younger user base with the promise of more revenue.
Certain brands are now sharing offers with the people in their circles on Google+, Google announced today. The deals can be redeemed online with a code or in-store using the Google Offers mobile app. Here’s a quick run-down of what happens when you click on a deal.
The daily deals service LivingSocial has been hacked and will begin sending notifications out to users this afternoon. Fifty million of the company’s 70 million users were affected.
In its second laundry list of product closures since Marissa Mayer began her effort to turn the company around, Yahoo announced today that it would close some of its Mail and Messenger apps for feature phones and older versions of its desktop Mail app.
Curalate and ePrize have announced a strategic partnership to improve the process of running sweepstakes and contests on the image bookmarking site Pinterest. Curalate CEO and co-founder Apu Gupta told SocialTimes, “Together, Curalate brings the technology and ePrize brings the ability to handle the legal aspects and prize fulfillment components of running promotions.”
In a move to make LinkedIn “the definitive professional publishing platform,” the company has acquired Pulse, the makers of a news reader and mobile content distribution platform.
Since 2009, Foursquare has redesigned everything about its local search service except its revenue strategy while competitors like Groupon and LivingSocial have raced ahead. But there is a method to this company’s madness. Bloomberg reports that Foursquare has raised $41 million in debt financing rather than shares to give Foursquare time to expand before investors start demanding a profit.