Techmeme
March 20, 2014, 2:25 PM

Top News

Wall Street Journal:
Airbnb In Advanced Talks to Raise Funding at a $10 Billion Valuation  —  Private-Equity Firm TPG Likely to Lead Funding Round for the Online Home-Rental Marketplace  —  Airbnb Inc. is in advanced talks to raise funds that would value the online home-rental marketplace at more than $10 billion …
Lorraine Luk / Wall Street Journal:
China Mobile Added About 1 Million New iPhone Users in February  —  HONG KONG— China Mobile Ltd added about one million new iPhone users last month after it started offering the popular smartphone in mid-January, Chief Executive Li Yue said Thursday.  —  The comment came hours …
Mike Isaac / Re/code:
As Messaging Wars Escalate, Social App Tango Raises $280 Million  —  Social startup Tango announced Thursday that it had raised a massive $280 million Series D round of venture funding, the latest significant move among a handful of high-profile apps all vying to own the mobile messaging space.
Katherine Rosman / Wall Street Journal:
Fitbit Now Faces a Class-Action Suit in Rash Fallout  —  A month after Fitbit issued a recall of its fitness-tracking bracelet following complaints of blisters and rashes, the startup now faces its first lawsuit.  —  The suit, filed on Monday in the Superior Court of California in the County of San Diego …
Cade Metz / Wired:
Facebook migrates to, open-sources Hack, a language resembling PHP with gradual typing  —  Facebook Introduces ‘Hack,’ the Programming Language Of the Future  —  Facebook engineers Bryan O'Sullivan, Julien Verlaguet, and Alok Menghrajani spent the last few years building a programming language unlike any other.
More: Facebook Code, Gigaom and EngadgetTweets: @bobmcmillan
eMarketer:
Driven by Facebook and Google, Mobile Ad Market Soars 105% in 2013  —  Mobile ad spending on pace to reach $31.45 billion this year  —  Last year, global mobile ad spending increased 105.0% to total $17.96 billion, according to new figures from eMarketer.  In 2014, mobile is on pace …
Tom Cheredar / VentureBeat:
Ad platform Rubicon Project sets $108M IPO  —  Advertising platform Rubicon Project has announced terms for an initial public offering today that will have the company seeking to raise $108 million.  —  Rubicon Project operates an automated digital ad exchange that allows you to both buy and sell ads.
Leena Rao / TechCrunch:
Google-Backed Lending Club Brings Peer-To-Peer Lending To Business Loans  —  Peer-to-peer lending marketplace Lending Club is announcing a major expansion today into business loans.  —  Lending Club brings together lenders and borrowers who want to cut out banks in the process of investing among peers …
Leena Rao / TechCrunch:
Mobile Workforce Startup Gigwalk Pivots, Raises $10M From Nokia And Others  —  Exclusive: Gigwalk, a mobile app that allows consumer packaged goods (CPG) companies to enable a mobile workforce, has raised $10 million from Nokia Growth Partners (NGP), new investor Randstad Holding NV …
Deborah Gage / Wall Street Journal:
Coupa Raises $40M For Cloud Procurement Software, Takes On SAP  —  Coupa Inc., which helps companies track spending on items like travel and office supplies that can quickly eat into corporate budgets, raised another $40 million, bringing total funding to $87 million.
David Pierce / The Verge:
The story of Motorola's smartwatch from the man who designed it  —  The Moto 360 is a breathtaking design — here's how it came to be  —  Eventually they just made a watch.  —  Motorola design chief Jim Wicks and his team had spent a year and a half designing the device that would ultimately become …

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