Granada, Spain-based gifting startup Giftri mines web consumers' Facebook data, including Likes and Interests, to come up with personalized gift recommendations that gift-senders can buy from Amazon.

Palo Alto, US-based late-stage investment firm Technology Crossover Ventures (TCV) raised $2.23 billion for its eighth growth equity fund from European and Asian private and public pension funds, financial institutions and other investors.

Facebook Secutiry Director Ryan McGeehan annouced that he is leaving in early April to take a security-related position at San Francisco, US-based Bitcoin startup Coinbase.

Clients were dismayed following Ovivo's unannounced shutdown taking the matter to web forums to express the outage, reported BBC News.

New York, US-based social media management startup Percolate landed $24 million in a Series B funding led by Sequoia Capital to help companies monitor conversations and create content on social media.

Microsoft Founder Bill Gates thinks that innovation drives progress and doesn't mind the silly endeavors that some companies in Silicon Valley are engaged in because it is from them that important ideas emerge.

Facebook's owner Mark Zuckerberg called the US President Barack Obama to express his frustrations regarding reports that his site was being used to track people.

Scammers took the viral news regarding the missing MH370 flight story an opportunity to mislead Facebook and Twitter users after posting links with the headline “Malaysia Airline Found” to urge netizens to participate in bogus online surveys.

Pelé, one of the greatest football players in the world, has been victimized by hoax death announcements in social medial platforms including Facebook and Twitter, reported Mass Media.

Redwood City, US-based social media startup Banjo landed $16 million in a Series B funding led by Balderton Capital to fund its growth, international expansion, and product development.