Hong Kong billionaire Li Ka-shing Invests $60m in Facebook. Facebook now has $338.20M in cash to play with. Plans are the company to go public in 2008 or 2009 according to some rumors within the sector.
Facebook is hugely popular social networking site, second only to MySpace in terms of users. Other popular social networking sites […]

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Freebase, created by Metaweb Technologies, is an open database of the world’s information. It’s built by the community and for the community – free for anyone to query, contribute to, build applications on top of, or integrate into their websites.
Already, Freebase covers millions of topics in hundreds of categories. Drawing from large open data sets […]

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Since Web 2.0 Innovations is all about discovering and showcasing the innovation on web, we think the Semantic Web is playing a significant role of the next web transformation. Therefore in a series of publications we will try to discover, highlight and feature the next generation of web-based semantic applications, engines, platforms, mash-ups, machines, products, […]

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Small business website creation service Homestead, started out in the web 1.0 era, announced tonight that it has been acquired by Intuit for $170m. In addition to Intuit’s personal and small business accounting software, and the company’s partnership with Google to integrate services like Maps listing and AdSense buys, Intuit customers will now presumably be able to […]

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Nope, it is not a new mobile gaming platform the two companies are planning and working on.
The 3 companies, among others, are being slammed by Greenpeace in their ‘Guide to Greener Electronics’. While we are all waiting for the major companies to adopt the web 2.0 principles and enter the sector, it seems they are having serious […]

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Classmates Media has just filed to go public at a valuation of $600 to $700 million. Compared to Facebook’s $15 Billion valuation, which the company took as a private entity, it ranks the company more in the bottom level of the Internet sector rather than within the top 100. It appears that Classmates is trying to cash […]

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As we wrote yesterday a couple of months ago a company called ReachLocal raised a massive amount of money - $55 million at a pre-money valuation in the $300 million range.
ReachLocal provides online advertising services for small businesses. The company’s investors include Rho Ventures, with Galleon Crossover Fund also participating, and VantagePoint Venture Partners as return investors. […]

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Yodle has raised a whopping amount of money in its second round - $12 million for its web-based local advertising business. The company manages online advertising campaigns for small businesses on all of the big search engines and drives traffic to pages designed specifically to attract new leads. Yodle also employs customer management tools for tracking […]

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As we have seen today across multiple news reports Michael Dell is returning to the company and is in charge again of the troubled computer company he founded 23 years ago.
After a two-year absence, Michael Dell is back as CEO of the PC maker he founded in 1984.
Why troubled? Here are some facts as we […]

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CNN reported (story has expired) in 2006 on a tiny deal where Google has acquired a small wiki based start-up company called JotSpot. Google says they are expanding their efforts at providing software that helps users create and post their own materials on the Internet. JotSpot is (was) a California startup that develops online collaboration tools known […]

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