Consumer Web/Social Media
US-based Internet TV firm YuppTV pockets $2.5M from Sashi Reddi
Atlanta, US-based Internet-based TV service provider YuppTV Inc pocketed $2.5 million in its first funding round from Indian early stage investor Sashi Reddi to scale up and expand its client base.
American photo sharing site Imgur closes $40M in Series A round
San Francisco, US-based photo sharing service Imgur closed $40 million in its Series A funding round led by Andreessen Horowitz and Reddit to facilitate its workforce and marketing expansion.
Mozilla Chief Executive resigns from office after controversial gay marriage opposition
Mozilla CEO Brendan Eich resigns from office following his controversial donation supporting California's opposition to gay marriage.
Yahoo to build own streaming video platform to take on YouTube
Yahoo boss Marissa Mayer is considering building a streaming video platform within the next few months to take on YouTube and to gain higher revenue that video ads will be able to bring to the company.