WhaleShark Media, which owns and runs a number of online coupon and deal sites, announced today it has raised $150 million from JP Morgan and Institutional Venture Partners.
The company facilitated $1.7 billion worth of sales in 2011. Its sites attract 300 million visitors annually.
WhaleShark Media sites have both Groupon-style deals and discount codes for websites.
has 50 million monthly readers, according to the site's internal analytics. It just raised a $3.5 million convertible note at a $30 million valuation cap, sources with knowledge of the deal tell Business Insider.The founders confirmed the fundraise to Business Insider but declined to comment on the valuation.
Thanksgiving is just around the corner and so are two of the biggest shopping days of the year. Black Friday and Cyber Monday will be overflowing with sales, discounts, and promos that will try to relieve you of the holiday tension. But what to get and where to get it? If you haven't made up your mind what to buy this holiday yet, here are some of the options available to you.
This week the folks at Barnes & Noble announced that they'd be buying back the shares of Nook they'd sold over the past several years. This began with an October 2012 investment by Microsoft of $300 million dollars to create Nook Media LLC. Two months later, British education and publishing company Pearson purchased a stake in Nook for $89.5 million.
There is that saying about the long arm of the law and the places that it reaches. Considering how this latest cyber crime case practically covers three countries both near and far from the US, that might very well be applicable here.
I am the proud father of three, 3, 9, and 12. I recently upgraded from the Samsung Galaxy S3 to the Sony Xperia Z. Having so many kids warranted a change of pace. Let me tell you, it is mind blowing. I love Android, I love tech and I love my family. Not in that order though.
Quebec City mayor Rgis Labeaume thinks the rusty appearance of the historic Quebec Bridge is pitiful and he wants to embarrass Microsoft billionaire Bill Gates into ensuring it gets painted. The bridge is owned by Canadian Railway Co. (CN), and Bill Gates is the largest shareholder of CN. So Labeaume launched a social media campaign called #Paintyourbridgebill .
Today’s gadget deal is for an ultra sleek backup battery that is only .25 thick. The Flexion is small enough to fit in your wallet and features a 2500mAh Li-Polymer battery and a micro USB cable that also comes with a Lightning cable adapter so that it can be used to charge your iPhone or iPad Air. For the coupon code that brings the price of this battery down to only $14.
recently called Activist investors have recently called for AOL to merge with Yahoo, which would create the single biggest network of web sites.Verizon has recently talked to AOL about an acquisition or joint venture, according to a report just published by Bloomberg .
Revenues totaled $69.6 million, up from $33.5 million for the same period last year.In after hours trade on Tuesday, shares of Lending Club were down as much as 12%.For the fiscal-year 2015, the company forecast revenues in the range of $370 million to $380 million, with adjusted EBITDA expected to total $33 million to $42 million.
So, it's not a big deal for BuzzFeed to incentivize its 700+ employees with a ~ $245,000 perk.Peretti told his employees in that same $100 million memo that they'd each receive Apple Watches if Buzzfeed hits 200 million unique visitors and 750 million video views in a single month. Peretti added that the company was already within "striking distance" of that goal.
Twitter has long said it works best as a tool for serving up news on what’s happening, as it happens.Now, Twitter hopes that will work with commerce on its network, as well. On Tuesday, the company unveiled a program that introduced deals to tweets on the 284 million-user social network.
Sometimes offering one mobile app just isn’t enough.Ask Groupon, the daily deals company, which on Monday introduced a stand-alone mobile application to help people find travel packages at discounted rates. The app, named Getaways, takes a category inside Groupon’s main app and breaks it out into its own dedicated smartphone application.Getaways is the second app release for Groupon in two months.
Three weeks ago, ESPN columnist/talking head/editor/producer/podcaster Bill Simmons was suspended after calling the commissioner of the NFL a liar and challenging his bosses to do something about it. This prompted us to ask sources around the sports-media industry what they made of the situation.
The Guardian's website is being swamped by unidentifiable "dark traffic", and executives at the company cannot figure out where it is coming from. Normally, web publishers can "see" where their readers come from. If you search for a story in Google, publishers can see that you landed on their site via a Google link, for instance.
Hot on the heels of Google's recent changes to reduce the appearance of torrent and piracy sites in search results comes news that Disney has obtained a patent for a search engine that is free of pirated content.