New York Attorney General Andrew Cuomo has announced that Dell and its subsidiary, Dell Financial Services (DFS), have agreed to pay his office $4 million in restitution, penalties and costs to settle charges of fraudulent and deceptive business practices that scammed consumers in the state.
Real-Time Search Engine Attracts $7 Million Funding
OneRiot, one of the real-time search engines whose name we keep hearing again and again has secured $7 million in Series C funding from Appian Ventures, Commonwealth Capital Ventures, and Spark Capital, the company’s existing venture capital firms.
"This commitment from our existing investors is a big vote of confidence in the realtime search market, OneRiot’s product offering, and our team’s ability to execute," said Kimbal Musk, OneRiot’s CEO.
Court Orders Cybersquatting Company To Pay Verizon $33 Million
A federal court in the Northern District of California has upheld a December 2008 judgment which awarded Verizon $33.15 million in a cybersquatting case against OnlineNIC, an Internet domain registration company.
The case is based on OnlineNIC’s attempts to take advantage of Verizon and its customers by using names that are easily confused with legitimate Verizon names.
EU Investing $25 Million In High-Speed Mobile Internet
The European Union said Tuesday it will invest $25 million into research that will underpin the next generation of 4G mobile networks.
The EU says the funding will go towards research on Long Term Evolution (LTE) Advanced technology, that will offer mobile Internet speeds up to a hundred times faster than current 3G networks. The funding will be released on January 1, 2010.
Newspaper Websites Pull In 70 Million Visitors In June
Newspaper websites attracted more than 70.3 million unique visitors in June, reaching 35.9 percent of all Internet users, according to a custom report by Nielsen Online for the Newspaper Association of America.
News paper website visitors viewed 3.5 billion page views during the month, spending 2.7 billion minutes browsing the sites in more than 597 million sessions.
Google Gives Sony 1 Million More Books
Sony has announced that its eBook store now offers access to more than 1 million free public domain books from Google.
The selections include biographies, historical texts, romance novels and hundreds of other genres. The titles have been digitized by Google as part of its Google Book project. The titles are available on Sony’s eBook reader.
Over 50 Million Facebook Users Related to Somebody
If you’re a Facebook user, you’ve almost certainly encountered the "We’re Related" app in one way or another. Whether or not you have actually participated in it, you have probably at least seen an invitation.
Media’s Love Of Twitter Translates To $48 Million
Twitter gets criticized on a regular basis for not having a business plan. But the point of a business plan is to bring in money, and it turns out that, at least in terms of marketing expenses, Twitter doesn’t have any financial needs. A report claims that the company’s received $48 million in free media coverage over the past 30 days.
Russian Firm Investing Another $100 Million In Facebook
Tonight, it’s almost certain that bars around Facebook’s new headquarters in Stanford Research Park will be busy. Tomorrow, the offices of Facebook’s employees may be full of new toys and gadgets. It seems that Russian investment firm Digital Sky Technologies wants to buy $100 million of common stock from employees.
Third-Party Twitter Business Platform Raises $1.1 Million
CoTweet is a Twitter app, which is described as a real-time business collaboration platform for Twitter. It has also just raised $1.1 million in venture funding.
The funding comes from Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments and Freestyle Capital. CoTweet is used by brands like Whole Foods, Starbucks, Microsoft, JetBlue, Ford, Pepsi, Sprint, and Coca-Cola.