Insight Leads $165 Million Round in Cloud-Based Energy Database Company Drilling Info

As the U.S. gets closer to energy independence, the investment around oil and gas exploration and the technology that helps get it done, are, well, gushing.
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One Start-Up’s Adventure in Figuring Out the Price of a Used Chair

Priceonomics, a small company that aspires to be the Kelley Blue Book for everything, tells the tale of how it sold four used Aeron chairs to another tech start-up, for a profit of $300.
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O.co Taps Home and Auto Insurance to Grow Discount Shopping

Overstock.com has been slowly trimming its name down to a more snappy O.co, while simultaneously increasing the number of businesses in which it operates.
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YouTube Finally Opens Up Its Movie Rental Store For Real (Sort Of)

YouTube has had a movie rental service for a year. Now it says it will have some movies you’ve heard of. But this is an incremental step for both Google and Hollywood, both of whom are interested in something else down the line.

France to Google: Your CEO Is a Hamster and Your "Rogue Street View Engineer" Smells of Elderberries

It’s a pittance to Google, but the $142,000 fine France’s data privacy regulator slapped the company with today for inadvertently harvesting consumer data with its Street View cars does set something of a precedent. Meted out by France’s Commission nationale de l’informatique et des libertés, or CNIL, the sanction is the agency’s highest ever and the first penalty levied against Google for data collection practices that have drawn complaints from dozens of countries.
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Lawmakers Would Like a Word With Google's "Rogue" WiSpy Engineer

Add two more names to the growing list of lawmakers crying foul over the Google WiSpy debacle. In a letter to FCC Chairman Julius Genachowski, Reps. John Barrow (D-Ga.) and Mike Rogers (R-Mich.) urge the agency to conduct a full investigation into the inadvertent collection of user data from unsecured Wi-Fi networks by Google’s Street View cars.

Google’s Eric Schmidt Shows Off Movie Studio, a Tablet Video-Editing App

Speaking at Mobile World Congress, the Google executive says that contrary to critics, devices are actually improving human connections. His talk is just getting started. Click here for live coverage from Mobilized’s Ina Fried.

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Tweeting to Sell Cars

Car companies have long tapped high-profile celebrities to spread word of mouth about new cars by test driving them around town. Now they are turning to a similarly powerful but cheaper source: young social-media influencers who have strong online followings.

News Byte

There's No Curbing the Street View Privacy Probes

As our John Paczkowski noted in Digital Daily early this morning, Google’s woes over the collection of user data from unsecured Wi-Fi networks by its Street View cars are far from over despite a “no harm, no foul” decision from the FTC. The latest evidence: Confirmation that the Federal Communications Commission is among the regulators here and abroad still investigating whether Google’s actions broke any laws. In response to the news, Google once again pronounced itself “profoundly sorry for having mistakenly collected payload data from unencrypted networks.”

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U.K.: Google Breached Laws

U.K. officials ruled Wednesday that Google Inc. broke the law by collecting data from wireless networks for its Street View mapping service, reflecting growing scrutiny in Europe of the U.S. Internet company’s privacy practices.

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