The latest from TechCrunch
- Tesla Sues BBC For Libel Claiming Top Gear Rigged Tests, BBC "will be vigorously defending"
- Spotify Becomes Latest High Profile Inadvertent Malware Distributor
- MyLife Adds More Social Features To People Search Site
- DST Sets Up New Fund, Joins Huge Rounds For Spotify And China's 360buy: Reports
- EverFi Acquires Online Course For Substance Abuse Prevention Outside The Classroom
- How Aol Spends Its Money: Episode 40,000 – The Great Scratch Card Hoax
| Tesla Sues BBC For Libel Claiming Top Gear Rigged Tests, BBC "will be vigorously defending" | Top |
| Top Gear fans? Remember the episode from a few years back where the crew tried to flog the Tesla Roadster ? Yeah, it didn’t end so well for the Tesla after Clarkson first praising the little electric supercar. The entire segment is embedded for your viewing enjoyment after the jump, but the skinny is that the Top Gear testers sort of died prematurely — a few times. The first car’s battery’s ran out only after 55 miles. Then another car’s motor overheated. When they went back to the original car, something was up with the brakes. So yeah, one of the most watched TV programs in the entire world didn’t exactly portray the Tesla Roadster favorably. Enter the libel lawsuit. Read More | |
| Spotify Becomes Latest High Profile Inadvertent Malware Distributor | Top |
| Yet another example of why even the savviest of Internet users need to keep their anti- malware software current and fully working. Spotify , the popular European streaming service, discovered that it was inadvertently serving ads that were laced with malware. The ads were served to the Spotify Windows desktop application by a third-party server. The company quickly pulled all third-party-hosted ads—cutting the head off the monster, if you will. Read More | |
| MyLife Adds More Social Features To People Search Site | Top |
| As we wrote a few months ago, people search site MyLife may have a ton of traffic from searches, but doesn’t really have the social elements that Facebook and LinkedIn offers. Today, the people search site is launching a number of features to help increase engagement on the site. MyLife is a full-fledged search engine which not only finds people—thanks to aggregated search across social networking sites like Facebook, LinkedIn, and MySpace—but also helps visitors connect with them all on the same site. MyLife pulls information from public records and also allows users to subscribe to the search site to connect with others, track their searches and more. MyLife’s new "Work & Jobs" section is designed to help members hire others, get hired, and network on MyLife. MyLife’s founder and CEO Jeffrey Tinsley compares the feature to a LinkedIn for the broader market, with the focus not limited to white-collar professionals. A "Local Services & Deals" section allows members to find other members providing local services, including Realtors, Accountants, Lawyers and much more. In terms of traffic, the search site is booming, with 30 million unique monthly visitors (vis Omniture), which has nearly doubled year over year. And MyLife is adding 2.5 million new registrations per month, mostly US, and mostly over 35 years of age. And in terms of revenue, Tinsely says that MyLife will see $60 million in revenue in 2010, and is expected to grow by 40 percent in 2011. But while LinkedIn, Facebook and Twitter are able to engage its users with its social network, MyLife lacks this. Which is why the site is trying to become a LinkedIn and add more social elements. Below are the TV commercials MyLife is currently airing: CrunchBase Information MyLife.com Information provided by CrunchBase | |
| DST Sets Up New Fund, Joins Huge Rounds For Spotify And China's 360buy: Reports | Top |
| According to Russian business newspaper Vedomosti (via Quintura ), star investor Digital Sky Technologies has set up a new fund dubbed DST Global – 2 . The fund has already made investments in Groupon (January 2011) and is close to investing $50 million in exchange for 5 percent of online music startup Spotify as part of a $100 million round, according to the paper. You may remember we broke the news that DST was indeed about to lead a huge financing round for Spotify back in February. In other news, DST has also joined a group of investors who’ve put hundreds of millions of dollars into 360buy.com , a Chinese online retailing powerhouse often dubbed China’s Amazon. Another report says 360buy is securing $1 billion in financing in total and plans to IPO in 2013, which indeed sounds like a company right up DST’s alley . Interesting sidenote: the DST Global – 2 fund this time includes international investors (“Western funds”) as limited partners, according to Vedomosti’s report. We’re digging for more information and will update when we learn more. Further reading: DST's Yuri Milner Buys $70 Million Home In Silicon Valley CrunchBase Information Digital Sky Technologies Spotify 360buy.com Information provided by CrunchBase | |
| EverFi Acquires Online Course For Substance Abuse Prevention Outside The Classroom | Top |
| Washington D.C.-based startup EverFi has acquired Outside The Classroom, the provider of the largest online alcohol prevention course AlcoholEdu. Founded in 2000, Outside The Classroom’s online curriculum focuses on alcohol prevention in America's youth. Its online products, AlcoholEdu for College and AlcoholEdu for High School, are used in hundreds of high schools and over five-hundred college campuses. More than 3 million students to date have taken AlcoholEdu. EverFi, which just raised $11 million , has created a SaaS application for schools to help educate young adults on financial literacy, student loan default prevention, filing taxes, credit card debt and more. The application’s curriculum incorporates virtual worlds, gaming, social media and videos to help teach children these life skills. For example, the company’s Buttonwood platform , aims to prevent teenagers from student loan defaults. The application includes a Second Life-like virtual world where users can learn and implement key financial literacy concepts, such as credit worthiness, the loan application process, interest rates and more. EverFi will add AlcoholEdu to its existing coursework in Financial Literacy and Nutrition and Obesity. CrunchBase Information Everfi Information provided by CrunchBase | |
| How Aol Spends Its Money: Episode 40,000 – The Great Scratch Card Hoax | Top |
| One of the great things about working for Aol is the company’s dedication to making its 5,860 5000 remaining employees happy and motivated. Only this morning, for example, a package arrived at TCHQ packed full of materials promoting Aol’s “ 4th Canvas Collection Unveiling ” — an initiative where upcoming artists are commissioned to produce art to promote the Aol “brand”. Sounds awesome, right? Right. But it gets better: also included in the package were scratch cards, allowing we loyal Aol foot-soldiers the chance to (quote) “WIN A LIMITED EDITION SIGNED ARTIST PRINT FROM THE NEW COLLECTION!” Surely even a cynic like me could get on board with that, right? RIGHT! I grabbed my Aol hat, raced to a browser window and… well… video below… | |
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