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Articles tagged with: investments

Groupon Files For $750 Million IPO
According to Business Insider, Groupon has filed an S-1 with the SEC (Securities and Exchange Commission) in efforts to raise $750 million in an Initial Public Offering (IPO), backed by Morgan Stanley. Some of details of the filling
  • Groupon lost $413 million in 2010
  • 2010 revenues totaled $713 million
  • Groupon’s first quarter 2011 revenues reached $645 million
  • Groupon has 83 million email subscribers
  • Groupon sold 30 million coupons last year
  • Groupon spent $86 million on operating costs in 2010
  • Groupon has 7,000+ employees
Toyota Working On ‘Toyota Friend’ Social Network

Toyota is creating a social networking service with the help of an American ISP and Microsoft in an initiative aimed to get drivers to interact with their cars, much like they do with Facebook and Twitter. Japanese auto-maker Toyota is teaming up with Salesforce.com to launch a new social network called “Toyota Friend”, the network is aimed to work similar to Twitter.

In a Tokyo demo-room, an owner of a plug-in Prius discovered from his Prius that he should remember to recharge the car overnight.

Google Buys Wind Energy Until 2031

Today is Earth Day, and it marks a day of making better decisions for our planet. After spending nearly $275 million dollars on renewable energy, Google is not falling short of expectations this time. Google has announced today that it has signed a power purchase agreement for wind energy in Oklahoma. Mayes County Oklahoma will have a fully operational data center by the end of 2011 thanks to wind energy. Google will be buying the energy from NextEra Energy Resources’ Minco II wind facility and will continue to get energy there until 2031.

Wal Mart Acquires Kosmix For Social Initiatives

In a time of buyouts, Wal-Mart is buying Kosmix, a social media company that is based in the heart of silicon valley, Mountain View, California. Although Wal-Mart did not mention specifics of the agreement, they did say that the acquisition will be instrumental in rolling out new social and mobile initiatives.

Wal-Mart continued in saying that the @WalmartLabs team will work hard on building its social and mobile commerce strategy in efforts to keep its online and in-store avenues in tact. I believe this is a necessary move for Wal-Mart, a corporation that now has physical stores in 15 countries and e-commerce businesses in nine countries.

UK Tech Sector Gets $60 Million Push

U.K. investment firm Passion Capital just raised a fund of $60 million, $40 million of which was contributed by the U.K. government. They plan to make around 50 investments with the fund, each around $200,000, mostly to companies with little more than a pitch or a prototype. They recently released their invest strategy on their lovely website.

Partners Stefan Glaenzer, Eileen Burbidge and Robert Dighero, are former European angle investors before they got together to launch…