Techmeme: Confirmed: Redpoint Leads $40M Funding Round for Path (Liz Gannes/AllThingsD)

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April 16, 2012, 3:10 PM

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Liz Gannes / AllThingsD:

Confirmed: Redpoint Leads $40M Funding Round for Path — Path, the mobile social networking start-up, is planning to announce it has raised Series B funding as early as tomorrow, according to sources. — Redpoint Ventures led the $40 million round, which values Path at $250 million.

More: Fortune, The Next Web, VentureBeat, Pulse2 Technology …, Appolicious Advisor, FierceMobileContent, WebProNews, CNET, VatorNews and Mobile Entertainment. Tweets: @dondodge

Om Malik / GigaOM:

Why Path is no Instagram — Ever since Facebook decided that Instagram was worth $1 billion, there has been recurring talk of Path, another social service being the next big buyout target. And while I am happy for the Path team, I find the comparisons with Instagram unfounded and premature.

More: CNET

Philip Elmer-DeWitt / Fortune:

How many iPhones did Apple sell last quarter? — The estimates range from 26 to 44 million. The best analysts' consensus: 35 million. The most important metric for Apple (AAPL) in the quarter that ended two weeks ago — likely to account for more than half of the company's revenue for fiscal Q2 2012 …

More: Between the Lines Blog, Pulse2 Technology …, App Advice, iDownloadBlog.com and Mashable!

Derek Andersen / Startup Grind:

Exclusive: Electronic Arts Set To Layoff +500 Employees — Exclusive: I've confirmed from multiple sources within Electronic Arts that the company is planning to layoff 500-1,000 people as soon as this week. As of March 31 public numbers, that represents between 5%-11% of total company employees.

More: Digital Trends, Pulse2 Technology …, Joystiq, GamePolitics blogs, MCV: Home Stream, GamesIndustry International, Cinema Blend Feeds, VG247, ITProPortal, Destructoid, Kotaku, NowGamer and Blue's News

David Carr / New York Times:

The Media Equation: Amazon Low Prices Disguise a High Cost — The Justice Department finally took aim at the monopolistic monolith that threatened to dominate the book industry. So imagine the shock when the bullet aimed at threats to competition went whizzing by Amazon …

More: Business Insider, Pulse2 Technology …, SplatF, Mike Cane's xBlog, TeleRead, Media Decoder and Digital Book World. See also Mediagazer

Apple:

New iPad Arrives in South Korea & 11 Additional Countries This Week — CUPERTINO, California April 16, 2012 Apple® today announced the new iPad®, the third generation of its category defining mobile device, will arrive in South Korea and 11 additional countries on Friday, April 20.

Dan Frommer / ReadWriteWeb:

Why Facebook Terrifies Google — Google is still the biggest, baddest online advertising company on the planet. Its $2.9 billion profit last quarter, announced yesterday, was almost as much as Facebook's revenue for all of 2011. — But Facebook has something important that Google doesn't …

Nathan Ingraham / The Verge:

Galaxy Nexus coming to Sprint on April 22nd for $199.99, includes a $40 Google Wallet credit — We've been waiting for a release date since CES, but it's finally official — the Galaxy Nexus is coming to Sprint on April 22nd for $199.99 when you sign a new two-year contract.

More: CNET, Engadget, Ars Technica, Examiner, GigaOM, BGR, VentureBeat, TechCrunch, Business Insider, Gizmodo, Sammy Hub, Pulse2 Technology …, Pocketables, Sprint Newsroom and Gotta Be Mobile

Devindra Hardawar / VentureBeat:

Foursquare confirms 20M users, 2 billion check-ins, on 4sqDay 2012 — Today, the third annual 4sqDay (April 16, four-squared, get it?), check-in king Foursquare confirmed that it has reached new milestones of 20 million users and a whopping 2 billion check-ins.

More: The Verge, VatorNews, Betabeat, CNET, The Next Web, Examiner, Marketing Pilgrim, Mashable!, App Advice, About Foursquare and Pulse2 Technology …. Thanks:@venturebeat

Eric Mack / CNET:

Raspberry Pi $35 mini system starts shipping — The credit card-sized Linux system is being delivered to first 10,000 customers worldwide this week. Raspberry Pi, the $35 Linux system about the size of a credit card, is fully baked and ready to eat... er, ship.

More: Engadget and The Verge

Leena Rao / TechCrunch:

SEC Filing: First Round Capital Raising $135 Million For New Fund — From a recent SEC filing, it looks like early stage investment firm First Round Capital is raising $135 million for a new fund, First Round Capital IV, L.P. Managing partners Josh Kopelman, Chris Fralic …

More: VentureBeat

Nick Hopkins / Guardian:

US and China engage in cyber war games — Exclusive: US and Chinese officials take part in war games in bid to prevent military escalation from cyber attacks — The US and China have been discreetly engaging in “war games” amid rising anger in Washington over the scale and audacity …

More: dailywireless.org and TG Daily

Richard Lai / Engadget:

Meizu MX Quad-core launching with Android 4.0 in June, gets 32GB and 64GB flavors — Can't say we're surprised, but Meizu's finally giving us the lowdown on the quad-core variant of its flagship Android smartphone. Simply dubbed the MX Quad-core, this new device will be powered by a Cortex-A9-based …

More: IntoMobile, SlashGear, Phones Review, ITProPortal, Android Phone Fans, Tech in Asia, Know Your Cell and The Verge

Dan Primack / Fortune:

Exclusive: Big changes coming to Kleiner Perkins — Brook Byers and Ray Lane scale back their future involvement. — Kleiner Perkins Caufield & Byers is changing its partnership structure, according to prospective limited partners in the venture firm's next early-stage fund.

More: Pulse2 Technology …

Dante D'Orazio / The Verge:

Roku to launch in Canada with over 100 channels, pre-orders start today — We heard that Roku was planning to go international with its tiny streaming boxes, and after launching in the UK a couple of months ago, the company has announced that its products are available to pre-order in Canada as of today.

More: Pulse2 Technology …, TechCrunch, GigaOM, Zatz Not Funny!, Electronista and Engadget

Rachel King / Between the Lines Blog:

Oracle v. Google: What's at stake — Summary: Oracle and Google are finally going to trial after two years of litigation, but what's really at stake here for these two Silicon Valley giants? — Oracle's patent infringement lawsuit against Google is finally set to go to trial …

More: eWeek, Forbes, Wall Street Journal, Open Source Subnet …, Ars Technica, Reuters, Bloomberg, The Register, ITProPortal, SlashGear, Computerworld, Slashdot, BBC and AllThingsD

Matt Brian / The Next Web:

Samsung sends out event invites to “come and meet the next Galaxy” on May 3 in London. Galaxy S III incoming? — Update: The event has been confirmed by Samsung. — Samsung could be just weeks away from unveiling its next flagship Android smartphone — the Galaxy S III …

Zee / The Next Web:

Massive Health CEO and Co-Founder Sutha Kamal departs company. Co-Founder Aza Raskin succeeds him. — Massive Health, a start-up with huge ambitions to revolutionize health care, has made some significant internal changes. — The company's co-founder and CEO, Sutha Kamal …

Thanks:@bradmccarty

Richard Chirgwin / The Register:

Yet another OSX/Java Trojan spotted in the wild — Kaspersky Labs tags MS Word as the vector — Hard on the heels of the Flashback Trojan, Kaspersky Labs is warning of a new OSX threat, which it's dubbed Backdoor.OSX.SabPub.a. — In a post to Securelist, Kaspersky's Costin Raiu …

More: Ars Technica, Zero Day Blog, Computerworld, TUAW, The Next Web, Naked Security, Gizmodo, Help Net Security, CNET, AppleTell and Softpedia News

Tom Warren / The Verge:

Leaked Office 15 video hints at cloud features of next Microsoft Office suite — A new video leaked to the internet today appears to reveal that Microsoft is preparing a cloud-centric version of Microsoft Office. Dubbed Office “15”, the software is currently available to a select amount …

More: VentureBeat, All about Microsoft Blog, 9to5Google, Ars Technica, Within Windows, WinBeta and Neowin

PC World:

Twitter Tech Support: How Effective Is Tweeting a Tech Problem? — Companies do answer customer support questions sent via Twitter. Here's how they handle it and how to be heard when you tweet your problem. — As the Web becomes increasingly social, more and more companies turn to Twitter …

Tweets: @qthrul

Mathew Ingram / GigaOM:

Chartbeat raises $9.5M to give publishers better radar — Launched three years ago as a way of giving publishers and media companies better real-time analytics related to their content, Chartbeat announced Monday that it has closed a new round of Series B financing worth $9.5 million …

More: VentureBeat, inside analytics, AllThingsD, TechCrunch, PandoDaily and Betabeat. Thanks:@antderosa. See also Mediagazer

Bloomberg:

Twitter to Expand Japan Sales Staff on Local Growth, CEO Says — Twitter Inc. will “aggressively” add sales staff in Japan to attract more advertisers as local user growth exceeds the company's global expansion, Chief Executive Officer Dick Costolo said. — The microblogging service …

More: WebProNews, Tech in Asia, The Next Web, Simply Zesty and AllTwitter

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