Developer John Britton hosted about a dozen guests last weekend at his Brooklyn apartment, the site of the official Peer 2 Peer University hackathon, NYC edition. Guests traveled from New Orleans, Boston, Canada, South Africa and elsewhere to participate in a grueling schedule of coding, talking and planning the next iteration of... MORE»
The rich premium attached to Facebook's recent $50 billion valuation -- a high price with respect to earnings that few companies can match -- may be justified if the company can grow revenue at a rapid clip, according to analysis by research firm Trefis published by... MORE»
A lot of startups these days are achieving massive, billion-dollar valuations based on the big bets investors are taking on them. Sometimes these companies have real revenue, or profit, like Facebook and Groupon. But sometimes this enthusiasm is based on how much hype the company has in the press, or how fast it is growing its user base. So The Observer decided to take a look at a number of the top web startups and break down how their user base stacks up to their recent ... MORE»
Earlier today, we were tickled to come across a cheeky online petition aiming to rally MySpace users and purchase the ailing social network from News Corp.... MORE»
Groupon's runaway success leveraging collective buying power using the internet has inspired knockoffs across the globe. Daily deal sites are one of the easiest businesses to build -- it's basically a website, email list and an old-fashioned sales... MORE»
Even with a monstrous $50 billion valuation, Facebook isn't the most expensive company around. A post by Larry Cheng a couple weeks back pointed out that several large companies that have smaller market-caps than Facebook. We thought we'd go one step further: With respect to its past year's earnings, how does Facebook stack up against some other blue-chip... MORE»
Digital tracking firm Bluecava made headlines earlier this year when it was reported that the company had collected unique IDs on more than 200 million devices like smartphones and laptops. Today Bluecava announced that executives from big name companies like Facebook, HP and Mastercard had joined its newly formed advisory... MORE»
The deadline to submit ideas for Ignite NYC's fast-paced infotainment event on February 9th is midnight. For the uninitiated, Ignite is like the popular talks on Technology, Entertainment and Design at the TED conference, but punchier. Each speaker gets 20 slides that auto-advance after 15 seconds. The result is a series of five minute talks on wide range of topics. Anyone can submit a proposal for a how-to, theory or personal story. Topics at the upcoming Ignite include the... MORE»
Citizens of a highly unresponsive community governed by a widely maligned tyrant are rallying behind the banner of revolution in hopes of reclaiming what once was theirs. An open letter to News Corp. CEO and MySpace owner Rupert Murdoch at buymyspace.org outlines a plan whereby users of deteriorating social network MySpace will plot a buyout of their beloved... MORE»
Memo to the unemployed: One of New York's most anticipated startups is looking for an intern. Art.sy, which is officed in the trendy new coworking space at General Assembly, is offering a three month unpaid internship with the possibility of full-time... MORE»
Foursquare grew an astonishing 3400 percent over the last year. The company released this amazing infographic to share some of the highlights. There were 381,576,305 check-ins all told, with the biggest single event being the 30,525 checkins at the Rally To Restore Sanity in D.C. Perhaps most impressive was the range of locations that earned top honors. Japan, Australia and Thailand all had some of the top locations for Foursquare... MORE»
Foursquare, the mobile service that rewards users for providing real-time information on their whereabouts to friends and acquaintances, is now worth more than $250 million, according to Bloomberg's account of statements by co-founder Naveen Selvadurai. Bloomberg... MORE»
The six-month search for someone to help the mayor's office "develop forward-thinking policies on social media, digital communications, web 2.0 initiatives and other tools to better serve the public" is over. Rachel Sterne, 27-year-old founder of citizen journalism site GroundReport and adjunct professor at Columbia is New York City's new "chief digital officer." She has 10,566 followers on... MORE»
Amazon is developing a free weekly delivery service that could bring everything from books to diapers to groceries to its customers' doorsteps. The web retailing giant launched nationwide grocery sales in the U.K. and Germany last year. It has been testing the service in its home base of Seattle since last summer, but it's planning to expand company wide, according to the Financial... MORE»
Parse.ly, the New York-based company that endeavors to personalize users' web experiences, today announced that it has raised $800,000 from Blumberg Capital, ff Asset Management, Scott Becker, Don Hutchison, Jeffrey Greenblatt and Jon... MORE»
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