Regulators in New York have just announced what The New York Times calls “the most comprehensive crackdown to date on deceptive reviews on the Internet.” According to NYTimes, 19 companies have already agreed to end misleading practices and pay fines of some $350,000 in penalties. “Also signing are several reputation-enhancement firms that place fraudulent reviews on sites like Google, Yelp, Citysearch and Yahoo.”
Despite its rocky relationship with investors, Apple certainly has not lost the love of consumers. In fact, the company now says it sold 9 million of its newest iPhone models the very weekend they debuted. “Apple blew away its previous record for first weekend iPhone sales, which was 5 million for the iPhone 5 last year,” TechCrunch reports. “The iPhone 5s was reportedly sold out in retail locations quickly around the globe, and shipping times at online Apple Store websites also slipped quickly into vague October time frames.”
Flipboard has reportedly raised an additional $50 million in new funding led by Rizvi Traverse Management and Goldman Sachs. “The new funding puts the valuation of the Silicon Valley startup that makes the popular social reading service at $800 million,” AllThingsD reports. Flipboard most recently raised $50 million at a valuation of about $200, in mid-2011.
AngelList has quietly raised roughly $24 million at a valuation of around $150 million, Fortune reports. Led by Atlas Venture and Google Ventures, the funds will be used to expand its business, including its “sydicates” program – which Fortune describes as a “digital twist on the fundless sponsor model.” AngelList grew to prominence as a network for connecting entrepreneurs and investors, and has since expanded into recruiting and direct online investment.
When the contract expires at the end of the year, Dow Jones, parent company of AllThingsD, will not renew its contract with tech site cofounded by former Wall Street Journal reporter Walt Mossberg. Dow Jones will keep the AllThingsD name, launch a technology news site and hire 20 reviewers, bloggers, journalists, editors and reporters. It's likely Mossberg and co-founder Kara Swisher will adopt a new name for their site, reports USA Today.
Mobile has become Facebook's most important focus, the platform that it will use to sign up the site's next billion users. Since launching native iOS and Android apps, the company adopted a mobile-first approach both publicly and internally. The part of the company that was once a black eye is now the center of attention. Said Mike Vernal, Facebook's director of engineering. "For Facebook and specifically our developers, for the past year-plus we’ve just been focused on, ‘Ok, …
Cue the long lines and early morning buzz over the annual ritual of the iPhone launch. Release of the flagship iPhone 5S and less expensive 5C model drew large crowds to Apple stores worldwide on Friday as people queued up to be among the first to get the new gadgets. The 5S sold out at Apple’s main London outpost in less than two hours, with the gold version proving especially popular. Besides the U.S. and the U.K., the iPhone went on sale in seven other countries, including China.
California lawmakers passed a bill giving minors the right to delete their Web posts. Gov. Jerry Brown has until mid-October to decide whether to veto the measure, which is part of a broad law that regulates advertising on sites directed at minors.
Mike Johnston has resurrected his note-taking app Simplenote. For the past two years, he's been busy building Simperium
, a syncing engine for apps. This past January, Simperium was acquired by Automattic, which wanted to bring Simplenote back. For Johnston, the first step toward building a brand-new Simplenote was addressing users’ major request: support for more platforms besides iOS and the Web. Also, Simplenote.com got a URL.
Microsoft lost the man who introduced the company to open source technology, which led to cloud computing and many marketing services it now offers. Bill Hilf left Microsoft for Hewlett-Packard to transform the company "into a serious cloud player," reports Wired. The move puts him overseeing projects that directly compete with Windows Azure cloud services and Amazon Web Services. HP is one of several enterprise services like IBM, Adobe and Oracle that now support marketing services in the cloud.