Uber, Pinterest and AirWatch closed three of the top 25 venture capital deals of 2013 with more than a quarter of a million in funding combined.
LinkedIn to Offer $1 Billion in Stock (The Wall Street Journal)
LinkedIn looking to capitalize on a strong run-up in its share price, filed Tuesday to raise $1 billion in a follow-on stock offering. After going public at $45 a share in May 2011, LinkedIn’s stock has more than quintupled.
Uber today launched support for users to split, or otherwise divide, the fares for its black car and taxi services.
The City of Los Angeles is the latest to tell ride-sharing apps SideCar, Lyft and Uber that they are operating car services without a license and must cease and desist immediately.
In an ongoing effort to recover from early outrage over its prices, Uber will cut fares in home city of San Francisco by 25 percent over the Memorial Day weekend.
Both Uber and Hailo have been cleared to start operating their e-hail taxi services in New York City, but SideCar is still sidelined. The city and the service have been on a collision course since SideCar launched in the Big Apple in March, which came to a head this weekend when two drivers were ticketed.
Twitter Opens its Self-Serve Advertising Platform to All U.S. Users (SocialTimes)
Twitter will open its advertising platform to all users in the United States, the company announced on Tuesday. The self-serve advertising suite allows account administrators to run their own campaigns by promoting their accounts or individual Tweets to specific groups within the social network, and to track the results through Twitter analytics.
Uber is in the midst of a fundraising round that values the company at $1 billion, according to Reuters’ report.
What to Watch: Add Twitter to Market Risk Factors? (USA Today)
A bogus 60-character tweet Tuesday with terror overtones on the Associated Press’ Twitter site caused a nearly 150-point roller-coaster ride in a four-minute span on the Dow Jones industrial average. The violent and instantaneous market reaction sent a message to investors that social media tools aren’t just for talkative teens, but also wield immense power that can move jittery, computer-driven markets on a whim.
This week we saw many April Fools’ jokes from companies on blogs and social media channels, followed new movers and shakers in the “task space,” and discovered new apps for getting noticed when we’re angry.