Business social networking service OpenBC, a Teutonic version of LinkedIn, has announced that it has raised €35.7 million in an IPO. Its market cap is about €157 million.
OpenBC, which is rebranding as Xing, has around 1.5 million members, and was able to boost its revenues year-on-year from €1.6 million to just under €6 million at the end of the last fiscal year.
-owned indie music station
is preparing to launch an interactive online radio player which will allow listeners to build personalised playlists from its music library.
Mi-Xfm, as it is called, will feature four different music genres; Chill, Loud, X-list and Hits; and will be sponsored by Microsoft’s Xbox 360.
2006 has been a great year for 'web 2.0' with the continued rise of blogs, podcasts and social networks becoming more mainstream.
The rise of 'user generated content' has been seen by many companies, brands and marketers as a great opportunity to grow a site from nothing into a world beating website.
Social shopping start-up
is in the process of securing Series-A funding to help it expand internationally and into new vertical sectors.
The London-based company, which provides ‘real-world’ reviews to technology etailers such as Comet and Jessops, has recruited First Capital to advise it on the new financing round.
Yahoo! has announced a major re-organisation of its management in a bid to simplify its structure and take on Google.
After the company’s dissapointing performance this year, as well as the leaked ‘peanut butter’ memo last month, the news doesn't come as a big shock. But many in the blogosphere are surprised that under-fire CEO Terry Semel has retained his position.
For some internet users, online communities are so important in their lives that they value their online experiences as much as the real world.
The 2007 Digital Future Project’s survey reveals that 43% of online social network members ‘feel as strongly’ about their virtual communities as their real lives.
It seems that internet usage across Europe is continuing to rise, with a European Interactive Advertising Association survey revealing that time spent on the internet has increased since last year.
The EIAA Mediascope Survey interviewed over 7,000 people in 10 mainly Western European countries. As well as time spent online, the report revealed an increase in broadband use and the rise of social networks.
has hired two former MTV Networks executives to launch interactive services for users of its place-shifting devices, according to various media reports.
Press Complaints Commission
director Tim Toumlin has called for a voluntary code of practice to be introduced for bloggers, according to a
report on the BBC website
Fast growing social travel site WAYN has raised £5.7m in a funding round led by Esprit Capital Partners.
The move has also seen co-founder of Lastminute.com Brent Hoberman, one of the investors, becoming the site's non-executive chairman.