News Byte
Tricia Duryee in Commerce on January 31 at 9:00 am PT
Alice.com, an online marketplace for household goods ranging from diapers to dog food to toothpaste, has raised $3.6 million in funding. A bit like Amazon-owned Diapers.com, the Middleton, Wis.-based company allows big brands to use the platform to connect with consumers and offer coupons. The round, coming from a group of Spanish investors, closely follows Alice’s expansion to Europe through Alice.es. The company has raised $18.2 million to date.
Tricia Duryee in Commerce on January 30 at 5:00 pm PT
Amazon is expected to report a giant fourth quarter tomorrow, but the results couldn’t be more different from Apple’s monstrous fourth-quarter results reported last week.
News Byte
Tricia Duryee in Commerce on January 23 at 9:01 pm PT
LuxeYard, a home decor flash sales and group-buying site, has secured $3.5 million in new capital from undisclosed investors. The Los Angeles company is also unveiling a redesigned site that allows members to participate in two new ways: First, members can post photos of items that they would like to purchase at a discount; and second, they can drive prices down by encouraging others to buy the product on social networks. The more people who buy it, the less expensive it becomes. LuxeYard will be competing against Gilt Groupe, Rue La La, One Kings Lane, Fab.com and other similar sites.
Tricia Duryee in Social on January 23 at 7:00 am PT
UrbanSitter, which may become a high-tech version of “The Baby-Sitters Club,” now has a bigger allowance with which to operate.
Tricia Duryee in Commerce on January 9 at 9:15 pm PT
Zynga’s shares continued a downward spiral for a third straight day, sinking more than nine percent to hit an all-time low.
News Byte
Tricia Duryee in Commerce on December 20, 2011 at 4:34 pm PT
Zynga inched higher today, closing up 19 cents, or 2 percent, to $9.24 a share, following a report by Wedbush’s Michael Pachter, who initiated coverage with an outperform rating and a $12.50 price target. “We believe Zynga is well-positioned for revenue growth due to its dominant market share among social game publishers,” he wrote in a note to investors. The social gaming company’s stock still has a ways to go to reach its IPO price of $10.
Tricia Duryee in Commerce on December 19, 2011 at 8:46 am PT
If only this were a virtual stock market and Zynga could used some anti-wither serum to make its stock bounce back.
Peter Kafka in Media on December 16, 2011 at 5:35 am PT
Last month, Adobe said it was buying search marketing firm Efficient Frontier, but didn’t disclose a purchase price. Yesterday, it came clean.
