In August 2008, Facebook claimed 100 million monthly active users worldwide. By April 2009, the social networking outfit doubled that number. In July, it reached 250 million monthly active users. And now, two months later, Facebook has passed 300 million. But more important: Facebook is cash-flow positive.
Read More »
Earlier this week John Fitzgibbon, founder of IPOScoop.com, said that LogMeIn was an IPO “candidate that should blow the socks off people.” Looks like he was right.
Read More »
If Sweden’s Intellectual Property Rights Enforcement Directive was crafted to scare the hell out of the country’s Internet population, it seems to have had the desired affect. Swedish Internet traffic dropped by a third on Wednesday after the law, which allows copyright holders to force ISPs to divulge the IP addresses of computers sharing copyrighted material, was implemented.
Read More »
To hear tell from the National Venture Capital Association, the VC landscape is as burned out and desolate as the ashen vistas of Cormac McCarthy’s “The Road.” According to its latest data, not a single venture-backed company went public in the first quarter of 2009 or the one that preceded it. That’s the first time the association has ever recorded two consecutive quarters with no issues.
Read More »