28th Feb2011

JPMorgan Raises $1.2 Billion To Invest In Twitter And Facebook

by iSpit

Well, that didn’t take long. JP Morgan has officially raised $1.2 billion for a digital growth fund, which will invest in late-stage tech startups.

That’s about double the amount that the fund was previously reported to be raising. It’s not clear whether the previously reported amount was wrong or whether JP Morgan raised more than they’d previously intended. Also unclear is whether that fund will invest like a late-stage venture firm/private equity fund and directly invest and take board seats, or whether they’ll invest through secondary markets.

One thing is for sure: there’s an extra billion out there for hot big tech companies.

(Via WSJ)

20th Dec2009

Google, Bing duke it out, leave Yahoo in dust

by iSpit

search_engines_yahoo.03.gif

NEW YORK (CNNMoney.com) — Once the world’s online search leader, Yahoo’s share has sharply declined, putting it in danger of losing its relevance in a market increasingly dominated by Google.

Yahoo’s search market share in November fell to 17.5% from 18% in October, according to a monthly comScore report released late Wednesday. It’s the lowest share ever recorded for Yahoo (YHOO, Fortune 500).

Cannibalizing Yahoo’s market share is Microsoft (MSFT, Fortune 500), whose new Bing search site gained 0.4 points of the search market to 10.3% in November. That was the first time Microsoft owned more than 10% of the market since September 2007.
(more…)

08th Dec2009

Google Launches Real-time Search

by iSpit

Google's search results page will soon contain a "latest results" section.

(CNET) — Google announced Monday the fruits of its earlier deal with Twitter, showing off how it has decided to present real-time Internet content within search results.

Amit Singhal, Google fellow, introduced the real-time section during an event at the Computer History Museum in Mountain View, California. “We are here today to announce Google real-time search,” Singhal said, calling it “Google relevance technology meets the real-time Web.”

Twitter search will show the latest matches for a particular search term, but Google wants to do more than sort results by time.
(more…)

11th Nov2009

Bing Now a Serious Challenger to Google

by iSpit

Bing Now a Serious Challenger to Google

 

Given undistinguished history of Microsoft‘s late and unlamented Live Search engine, the predecessor to Bing, it’s easy to dismiss Redmond as a hapless also-ran in the search market. But given the vast sums of money and resources that Microsoft is investing in its fledging Google challenger, this could change in a hurry.

Launched in May, Bing initially received a tepid response; some critics essentially called it Live Search with a new coat of paint. But Microsoft is nothing if tenacious. (Old-timers will recall how badly the early versions of Windows stank before Redmond finally found success with version 3.0.) The company has been steadily upgrading Bing since May, including some pretty useful innovations announced Wednesday.
(more…)

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