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Your favorite internet startup might not just be using Twitter for business news and sales pitches in the near future -- the US Securities and Exchange Commission has greenlit using the social network to drum up interest in future stocks and debt offerings. This only works for small outfits raisin...

June 28th 2015 at 10:45pm 0 Comments
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Majesco Entertainment completed an investment round that resulted in $6 million in funding, the Cooking Mama publisher announced today. $1 million of the funds were issued to the company with the rest stashed in escrow until certain, as-yet-unknown conditions are met by Majesco. The company also ap...

December 18th 2014 at 10:00pm 0 Comments
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Developer Nerd Kingdom has been fairly quiet since its announcement in September that half of its team was being let go in order to keep development moving on TUG. The good news is that the needed investors might be right around the corner. An update on the game's Kickstarter page notes that the te...

December 3rd 2014 at 9:00pm 0 Comments
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With Apple Pay slated to launch this month, all eyes are on Apple to see if it can shake the curse of NFC payment systems and break through to mass adoption. We won't know if it succeeds for a while, but Morgan Stanley's Craig Hettenbach certainly seems upbeat about the possibility. In a release to...

October 7th 2014 at 1:00pm 0 Comments
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Nintendo President Satoru Iwata recently acknowledged the long rebuilding process the company is mired in to become increasingly profitable again in the coming years. While unable to offer specific numbers, he toned down expectations for the coming financial year (FY 2014) as well as the next one (...

May 13th 2014 at 7:00pm 0 Comments
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An analysis by Deutsche Bank's Chris Whitmore shows a potential US$50 billion stock buyback would boost Apple's earnings per share by as much as $4.25 in 2014, AppleInsider reports. This comes in the wake of a meeting last week between Tim Cook and investor Carl Icahn where the possibility of expand...

August 19th 2013 at 7:00pm 0 Comments
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The Oculus Rift creators recently secured $16 million in funding from investors, on top of their September Kickstarter bounty of $2.4 million – and they're going to use that cash to bulk up the team. "We're using the funding to ramp up on hiring more smart people, the best and brightest that...

June 18th 2013 at 10:00pm 0 Comments
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What do you do when your one and only iPad app is a runaway success? If you're FiftyThree, the development firm behind the beautiful journal / art app Paper (free, many in-app purchases available), you get funding for expansion into new areas. FiftyThree announced today that it received US$15 mil...

June 18th 2013 at 2:00pm 0 Comments
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The first round of investor funding for Oculus Rift brought in $16 million, with contributions from Spark Capital, Matrix Partners, Founders Fund and Formation 8, the Oculus team announced today. This funding is separate from the Oculus Rift Kickstarter campaign, which asked for $250,000 and conclu...

June 17th 2013 at 8:30pm 0 Comments
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The company behind the Pebble smartwatch, which not only looks awesome but connects up to your iPhone, has picked up US$15 million in funding from venture capitalists, and has released yet another version of its SDK. The funding is obviously a solid chunk of change, and should help Pebble not on...

May 16th 2013 at 4:00pm 0 Comments