1020 Placecast, a location-based ad network and platform, has raised $5 million in a second round of funding. New investor Quatrex Capital joined for this round, with participation from previous backers Onset Ventures and Voyager Capital. 1020 will use the money to continue building out its location-based ad targeting technology.
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Recognizing the shaky economic climate and Motorola’s still tenuous market position, the company’s two CEOs Greg Brown and Sanjay Jha voluntarily have agreed to a 25 percent pay-cut for the second year in a row, according to a proxy statement filed with the SEC today.
Mark Cuban and Avner Ronen met in person for the first time just before their Pay TV vs.
Apple (NSDQ: AAPL) COO Tim Cook was handed a $5 million bonus just for taking over Steve Jobs’ responsibilities during the six-months the CEO was on medical leave that ended in June, according to an 8-k filing.
Apple (NSDQ: AAPL) was selling pre-orders for the iPad at a rate of about 25,000 an hour this morning, according to a Forbes piece.
» Why Marc Andreessen’s idea that mainstream media companies should abandon their traditional businesses in favor of new media is just plain nutty.
Nokia (NYSE: NOK) has improved the way it measures the global device market, including coming up with a better way to calculate the number of unlicensed and counterfeit products being sold in the market.
China has now reiterated its position in its stand-off with Google (NSDQ: GOOG)—and it looks like all that remains is for Google to finally make its move.
While the NYTCo (NYSE: NYT) struggled under the weight of economic pressures and debt last year, top execs personally did pretty well, even as the company reduced its newsroom by 100 staffers.
ABC News Digital execs are currently putting together a formal paywall strategy with expectations of having some concrete ideas for ways to charge consumers by the summer, said Paul Slavin, the unit’s SVP, in an interview with paidContent.
Sonos, which sells a digital music system that can be used to play music throughout a home, has raised $25 million in a third round of funding from Index Ventures.