Posted by Sheila Shayon on February 22, 2011 10:30 AM
Digital Sky Technologies, better known as DST, is the VC firm behind Facebook, Groupon and Zynga. It's also leading a funding round for Spotify, the European streaming music startup valued at around $1 billion. So far, €82.3 million has been raised in a round of $100 million.
With a boost from DST, Spotify is looking to go global, but strategically, commenting to PaidContent: “There are scenarios in which we’d enter many, many markets that would require raising external capital. Or you could adopt a market-by-market approach which doesn’t require further investment. We’re still working out which markets are our priorities.”Continue reading...
Posted by Sheila Shayon on February 21, 2011 01:00 PM
The march of brands into China continues apace: Facebook is pursuing its billion-user dream by courting Baidu, luxury brands such as Marni and Armani are not only opening stores but e-commerce sites, and InterContinental is developing a hotel brand specifically for China.
Among the most closely-watched China entrants: Groupon, which is bouncing back from its Super Bowl fumble in the US to banking on a bright and shiny future with China.Continue reading...
Posted by Dale Buss on February 21, 2011 09:00 AM
Academy Awards aims to capture TV/Twitter audience.
Adidas invites fans to name matchball at London 2012 Olympics.
Aldi takes a bite out of the Big Apple.
Apple may bring out new Macbook Pro line this week.
BBC scraps BBC America newscast, looks to expand US distribution for BBC World News channel.
BMW to unveil new model.Continue reading...
Posted by Sheila Shayon on February 18, 2011 02:00 PM
Valentine's Day is the one time of the year you want to say it with flowers — and not to apologize.
Yet FTD and 1-800-Flowers both spent Valentine's Day on virtual bended knee, apologizing to the thousands of customers each brand managed to irk on what should have been their biggest sales day of the year.
1-800-Flowers, which launched the first Facebook store in 2009, somehow managed to not deliver thousands of floral arrangements that were ordered online, and is now vowing to make it up the intended recipients and the purchases. A character named Tina Flowers on its Facebook page is reaching out to disgruntled customers to make up for the mishap.
And FTD found itself in the doghouse this Valentine's Day after partnering with a brand recovering from its own PR disaster — Groupon.Continue reading...
Posted by Sheila Shayon on February 18, 2011 10:00 AM
Chicago might want to change its nickname from Chi-Town to Couponland. The windy city likes online couponing – and did so years before Groupon hit the radar.
The windy city counts 43 daily-deal group-buying site headquarters including two of the oldest, FatWallet (est. circa 1999), and MrRebates (b. 2002), as well as two of the largest, Groupon.com and CouponCabin.com.
"Chicago is the cradle of civilization for the daily-deal industry," says Dan Hess, CEO of Local Offer Network and Chicago-based deal aggregator Dealradar. "It gained an early lead and continues to lead the pack."
The raison d’être for Chicago’s deal fecundity?Continue reading...
Posted by Dale Buss on February 17, 2011 09:00 AM
Bing lets advertisers place ads in brand-name searches.
Borders bankruptcy shakes up book industry.
Captain Morgan searches for "Ultimate Morganette."
Chobani Greek yogurt lets fans tell its story.
eBay tops branded social media engagement leaderboard.
Ferrari 458 Italia chosen as car of the year by The Robb Report.
Google beats Apple and Sony in TNS corporate reputation ranking.Continue reading...
Posted by Shirley Brady on February 16, 2011 06:00 PM
Apple is #1 on Fast Company's list of 50 most innovative companies.
Apple's new iPad subscription policy begins signing up magazine titles, with Elle, Nylon and Popular Science agreeing to terms.
Archie Comics go digital with Graphic.ly.
CBS revenue is up, while CBS College Sports channel to be renamed CBS Sports Network.
Cisco will help city of Barcelona with '2020 Vision' for sustainable urban and economic growth.Continue reading...
Posted by Sheila Shayon on February 14, 2011 11:30 AM
In what should have been its most exciting week — its first Super Bowl! — turned into one of the toughest weeks in Groupon's brief history.
A week after the Monday morning quarterbacking pilloried its campaign, it's fair to say the brand (and its marketing) will never be the same.Continue reading...