News Byte

Zynga General Manager Nabeel Hyatt Joins Spark as Venture Partner

Nabeel Hyatt, the founder of Zynga’s Boston office, which led the development of Adventure World, has joined Spark Capital as a venture partner. Hyatt joined Zynga a little less than two years ago through the acquisition of Conduit Labs, where he was CEO and founder. Hyatt will help Spark’s investments with product design, and consult on consumer Web, social and mobile projects.

Behind the Scenes at Groupon’s Tech Headquarters as It Prepares to Report First Public Earnings

Groupon is slowly building out its technology prowess in Palo Alto, Calif., 2,000 miles away from its headquarters — one acquisition at a time.
Groupon's Palo Alto offices

Amazon’s Stake in LivingSocial Reveals Steep Losses for the Groupon Competitor

LivingSocial’s financial results for the past year were reported by Amazon today, revealing that the company continues to trail behind Groupon by a wide margin.
livingsocial_daily deal

Google’s Head of Consumer Payments, Vikas Gupta, Resigns

Vikas Gupta joined Google 18 months ago after it acquired Jambool, the virtual goods payment platform where he was a founder and CEO.
Vikas Gupta

Groupon Acquires Mertado for Its Social Commerce Expertise

Groupon has acquired its second start-up in the social commerce space over the past month.
groupongoods2

eBay’s John Donahoe Literally Starts Hammering Out the Plan for Mobile Payments

In an interview, eBay’s CEO provides a few details about the company’s mobile payments trial with Home Depot, and how it would expand from five to 51 stores across the country over the next week.
ebay_hammer_crop

News Byte

6waves Lolapps Acquires Its Way Into Mobile Gaming

6waves Lolapps, one of the top game companies on Facebook, says it will start publishing Android and iOS games with the help of an acquisition. It is announcing today that it has acquired Dallas-based Escalation Studios. All combined, the company will have 230 employees spread across its offices in San Francisco, Dallas and multiple locations in Asia. Terms were not disclosed.

Fab.com Acquires FashionStake After Seven Months of Rapid Growth

Fab.com, a New York-based flash sales site known for selling home decor, apparel and other items from independent designers, has acquired FashionStake.
fab + fashionstake

Video Poker Giant Bets $500 Million on Facebook Game Maker Double Down

Seattle-based Double Down Interactive has been acquired by video poker giant International Game Technology for $500 million.
doubledown_screen

TripAdvisor CEO Says Wall Street Underestimates Its Value Now That It’s Flying Solo

TripAdvisor’s co-founder and CEO Stephen Kaufer talks to AllThingsD about the media company’s prospects for growth now that it has broken off from Expedia and is an independently traded company.
tripadvisor_opening bell_stephen Kaufer