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Facebook hacks, doubters carp, ahead of opening bell

As Facebook settles its IPO price at a top-of-the-range $38, valuing the social network at $104bn, Facebookers are doing what Facebookers do: hacking. In a so-very-Facebook move, the company is running an overnight hackathon on Thursday night, right up...

Rakuten CEO on why Pinterest is worth $1.5bn

Rakuten has led a $100m funding round into Pinterest, which values the online “curation” community at around $1.5bn. The Japanese ecommerce giant won out over major US venture capital firms who were vying for a piece of Silicon Valley’s new s...

Flattr brings social micropayments to DailyMotion

One of the more innovative approaches in the plethora of efforts to persuade more people to pay for more content online is “social micropayment” firm Flattr. Acting something like an online tip jar, Flattr reverses the usual payment process by givi...

Avito, the Russian Craigslist, raises huge $75m round

Investment continues to pour into the soaring Russian internet market, which recently overtook Germany as Europe’s largest by users. The latest mega-deal sees Avito.ru, a Russian online classified site along the lines of Craigslist, raising $75m from...

Google quietly shutters One Pass, its Apple Newsstand competitor

Fourteen months ago, to some fanfare, Google launched One Pass – its way to help publishers charge for digital content on the web, mobile and tablets. Coming just a day after Apple announced plans for a 30 per cent tax on all app subscriptions, Goog...

Angry Birds maker heads into space

This week’s launch of Angry Birds Space has propelled the mobile game’s Finnish developer, Rovio, into the stratosphere, instantly topping app store download charts around the world. But whereas the original Angry Birds was a viral hit, notching u...

Minecraft makers Mojang notch up $80m revenues

Although Angry Birds, by Rovio of Finland, is the best-known videogame to come out of Scandinavia, it has a close rival in Sweden’s Minecraft - a game Sean Parker loved so much he flew all its developers to London for a party.

PeerIndex raises $3m to go beyond Twitter lists and catch Klout

PeerIndex, Europe’s answer to Klout, has raised a Series A round of funding to build out its “social influence marketing” platform. Investors in the $3m (£1.9m) financing include specialist firms Anthemis Group and Antrak Capital and a handful o...

BBC to expand in paid digital video fray

Never let it be said that the UK entertainment industry is failing to embrace the digital world. The last few months have seen a rush of huge new entrants to the online TV and film market, starting with Tesco’s acquisition of Blinkbox and swiftly fol...

Spotify to launch in Germany this week

Spotify is to open its doors in Germany this week in the digital music service’s biggest launch since coming to the US last year. It is the latest example of a digital music firm growing its global footprint as record labels become increasingly bulli...

Songkick raises $10m in first Sequoia UK deal

A recent FT series on the state of the UK’s tech industry asked if Britain had what it takes to  go head to head with Silicon Valley in building great new global companies. Financing, ideas and ambition were the three …Continue reading: "Song...

First impressions of Apple’s new iPad

The new iPad unveiled by Apple chief Tim Cook is not the iPad 3, nor the iPad HD, though it is in spirit both of those. Apple has decided to further distance itself from the specifications-battle that has typified the …Continue reading: "First i...