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Robocoin Spreads Its Bitcoin ATMs Further

Robocoin, the bi-directional Bitcoin ATM, is ramping up its nascent footprint — with launches planned for 10 more global locations. The company said today it will be shipping its first Bitcoin ATMs to two more U.S. locations — Boston and Seattle — and also ramping up globally, with machines heading for Israel, Ireland, Singapore, the Czech Republic, Japan, Australia, the U.K. and Italy.  Robocoin’s ATMs allow for cash-to-cryptocurrency conversions or vice versa — allowing users to both buy and sell BTC, and simplifying the “historically arduous exchange process” that’s put plenty of less tech-savvy people off buying a few Bitcoin. To oil the Bitcoin on-ramp, Robocoin offers a “generate wallet” feature to facilitate BTC newbies’ baby steps into the brave/terrifying new crypto-currency world. The recent high profile implosion of one of the first online Bitcoin exchanges, Mt.Gox, is one cautionary example of the game of snakes & ladders that traders in the cryptocurrency can face. Bitcoin’s wild value swings is another. Ergo, a physical ATM terminal that allows for immediate withdrawal of BTC is likely to feel comparatively reassuring — so it’s possible Robocoin could benefit from a Mt.Gox-going-bankrupt bounce (albeit, its technology was necessarily integrating with Mt.Gox, along with other digital currency exchanges such as Bitstamp and BTC China, to facilitate trades for customers). Robocoin’s first U.S.-based ATM was installed at the HandleBar tavern in Austin, Texas last month. The company also added Hong Kong and Taiwan to its footprint back in January. Its first ever ATM was installed in Vancouver, Canada, in October 2013, after kicking off pre-orders for the terminals last August. Robocoin’s machine competes with Lamassu Bitcoin Ventures’ Bitcoin ATM. The Robocoin ship dates for its new ATM locations are as follows: Monday March 10: Ireland, Israel and Singapore Wednesday March 12: Japan and Czech Republic Friday March 14: Australia (2), U.K. and Italy Monday March 17: U.S.A. (Boston, MA and Seattle, WA) Specific launch dates will vary — the company notes to follow its @Robocoin Twitter account for announcements as each ATM clears customs in its respective market.  Robocoin’s ATMs are designed to keep a record of customers to adhere to U.S. FinCEN law, anti money laundering and Know Your Customer compliance rules — with hand scanner tech, government issued ID scanner and webcam hardware integrated. Or, in other words, about as far from the early Bitcoin association with shadowy Silk Road transactions as you can get.
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Microsoft’s Power Cover Debuts As Rumors Of The LTE-Powered Surface 2 Landing In Stores Abound

Two quick hits from the Microsoft side of things — the Surface Power Cover is now up for pre-sale, and the rumor engine is kicking around the bit that LTE-capable Surface 2 devices have landed in Microsoft stores. The Surface 2 LTE has been an unkept secret for some time: It’s hit the FCC; the Surface team announced that it was coming on Reddit; and we’ve known for some time even which providers it is likely to pair with. That it’s supposedly landing at Microsoft stores is therefore not surprising. Microsoft, for now, is mum on the matter. The Power Cover news is also incremental in that we have known the full story for a while, minus a date. The $199 gadget is now available for purchase, with a ship date of March 19th. Microsoft announced the Power Cover in the same batch of products as the Surface 2, Surface Pro 2, new Touch and Type covers, and, of course, the dock. The dock and Power Cover were late to the release party, but both are now available and will ship shortly. The Power Cover will appeal to folks using their Surfaces for long periods of time and who don’t mind the extra weight and girth. A skinny kid the Power Cover is not, when stacked next to the current Touch Cover. That’s the latest on the Surface front. Things are quiet, and probably won’t pick up until we get the current quarter’s Surface revenue figure. That and, presumably, a crop of new devices during the next holiday season. IMAGE BY FLICKR USER Kārlis Dambrāns UNDER CC BY 2.0 LICENSE (IMAGE HAS BEEN CROPPED)
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Shh. Secret Raises $10M At A $50M Valuation

The buzzy new app Secret — which lets people post messages to their circles of contacts without attribution — has closed a $10 million round of funding at a $50 million post-money valuation, TechCrunch has learned from two sources close to the situation. The funding was led by Google Ventures, with participation also from KPCB. The news follows a report from Friday in the WSJ, which noted the company was in the process of raising a round of money. It accurately reported the potential backers and funding amount at a $40 million pre-money valuation; we’ve learned that post-money valuation is $50 million, and that the term sheets have already been signed. It’s a healthy sum of money and valuation for a relative newcomer. Secret launched at the end of January — amid a rush of many other apps like Whisper, Wickr, Confide, Telegram, and more — some of which were inspired to protect users from the sneaky ways of the NSA, some of which are catching on to a bigger trend for more user privacy. Secret is currently only available on iOS in the U.S. and Canada. So far its highest ranking was on February 7, when it reached No. 16 in the social networking category (130 overall), according to App Annie. As of March 8, its ranking in social networking stands at 81 (1,143 overall). Co-founded by David Byttow and Chrys Bader-Wechseler (respectively with Square and Google pedigrees behind them), the idea behind the app, as Byttow has explained it in the past, was to create a forum where people can feel free to speak their minds about one thing or another that a social network with more identification and accountability like Facebook or Twitter may hinder*, for fun but maybe also just to get a point across. Anonymous feedback, in other words. In its current form, Secret has captured the attention of early adopters/tech enthusiasts. But that hasn’t always been in the most positive light, with false rumors and not a small dose of slander among more salacious, frank, funny and mundane posts. Honesty may be the best policy, but when you don’t have to put your name to it, is it the policy all of us will always follow? The startup has had a boost of attention in the last few days around the SXSW confab in Austin, possibly because people have been actively hunting around for the next big thing à la Foursquare and Twitter’s coming-out parties of years past, but possibly just because of new features. Secret added social sharing and nearby gossip to the app, as well as an online message board dedicated to SXSW that anyone can access (the illustration for this post, with a picture of Byttow on stage at SXSW, comes from that board). Taken together, the three additions are early signs of how Secret is already starting to branch out from more closed beginnings focused primarily around your own contacts. Location-based gossip, cross-posting to other networks and theme-based boards all point to other ways that Secret may not only build up conversations and interest groups, but (in my opinion) also potential commercialising opportunities. In Byttow’s on-stage interview on Saturday with TC’s Josh Constine, the Secret CEO mentioned a couple of key points that are also worth remembering as we watch the app evolve. Currently only around 10%-20% of Secret users are creating content, and that anonymous may mean without a name attached to it, but it “doesn’t mean untraceable.” In other words, we are in very early days of seeing how this evolves, and even if it looks on some level like the anti-Facebook, it’s still following some of the rules of social engagement we have seen elsewhere. And even if it feels a bit like the Wild West right now, is that bound to change? Byttow says that already there is an effort to “quarantine” certain posts (similar to how commenting system Livefyre lets moderators “Bozo” posts so that a user thinks they are live, but actually no one else can see them), and lewd content gets taken down — although there is a grey area here, apparently. Still, you can’t help but wonder when and if consumer interest, commercial focus and potential litigiousness may collide. Both Google Ventures and Kleiner Perkins also invested in Secret’s $1.43 million seed round, alongside Initialized Capital (the JV formed by Y-Combinator partners Alexis Ohanian, Harj Taggar and Garry Tan); SV Angel; Index Ventures; S-Cubed; Brett Slatkin; Harry Cheung and Fuel Capital. * Yes, Facebook is moving away from insisting on real-world names, and Twitter has a long history of accounts not associated with specific people, but the idea here is that Secret lets you keep a connection to your circle of contacts — based on names in your phone’s contacts — without your identity attached to it. If you create an “anonymous” account on Twitter or Facebook, you’ll have to forge a group of followers without the crutch of a preexisting social graph. Secret declined to comment for this story. Updated to clarify the post- and pre-money valuations.
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Samsung Announces New 11.6″ and 13.3″ ARM-Powered Chromebooks With Faux-Leather Finish, Starting At $319.99

Samsung was one of Google’s earliest partners in the Chromebook project and it currently accounts for more than half of all U.S. Chromebook sales. Today, the company is announcing two new, slightly more expensive models that will take their place next to the company’s currently $249 Chromebook. The new 11.6- and a 13.3-inch models in the so-called Chromebook 2 Series will both use Samsung’s ARM-based Exynos 5 Octa chips (running at either 1.9GHz or 2.1GHZ, depending on the model). They will also sport a new design that replaces the shiny silver plastic of the older Chromebook with a softer, faux leather look that’s similar to the stitched design of Samsung’s Note 3. Rumors about this new design first started making the rounds over the weekend. Samsung describes it as “a durable textured lid and elegant stitched design.” The larger version features a full HD LED display, while the smaller one comes with a 1366×769 screen. The 13.3-inch version also features an improved audio system, with two 2W speakers and a noise reducing array microphone. The batteries, Samsung promises, should last for about 8.5 hours. While the smaller model will come in black and white, the 13.3-inch version will only be available in “luminous titan gray.” Despite the promise of longer battery life and the faux-leather design, the 11.6-inch version will weigh almost exactly the same as the old Samsung Chromebook (2.4 lbs). The suggested retail price for the smaller unit is $319.99 and the larger version will sell for around $400. Both will go on sale in April. The new prices are quite a bit higher when compared to the older model, which the company tells me it will continue to sell. Despite the slightly higher price, though, company expects that the new models will especially appeal to schools.  “Chromebooks are particularly important in the education space [...] so we’ve designed our latest models with students and teachers in mind, including features like rapid start times, longer battery life and easy-to-grip design,” said Tod Pike, senior vice president at Samsung’s Enterprise Business Division in the announcement today. The Google Play store ran out of inventory for the Samsung Chromebooks a while ago, so it remains to be seen if Google will restock the older version now that the Chromebook 2 Series is available. What is clear, though, is that Google remains as committed as ever to the Chromebook project. With new OEMs coming on board and the existing partners expanding their lineup, this should be an interesting year for Chrome OS. Samsung's Chromebook 2 Chromebook2_11_003_L-Perspative_Classic-White-LR Chromebook2-11_001_Front-Open_Classic-White-HR Chromebook2-11_003_L-Perspative_Jet-Black-HR Chromebook2-11_012_Back-Open_Jet-Black-HR Chromebook2-13_010_Top_Titanium Gray Chromebook2-13_013_Dynamic_Titanium Gray Chromebook2_015_Detail2_Titanium Gray Chromebook2-13_005_Side-Open_Titanium Gray  View Slideshow Previous Next Exit
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Facebook In Talks To Acquire Drone Maker Titan Aerospace

Facebook, one of the primary backers of the Internet.org initiative, which aims to bring affordable Internet access to the 5 billion people in the world who still lack connectivity, is in talks with a company that could help further that agenda. TechCrunch is hearing that Facebook is buying Titan Aerospace, makers of near-orbital, solar-powered drones which can fly for five years without needing… Read More
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With $96.7M In Funding, Powa Technologies Debuts PowaTag For Mobile And Audio-Triggered Commerce

Powa Technologies, a UK-based e-commerce startup that has raised nearly $100 million in outside funding in the last seven months, is today finally taking the wraps off its flagship product: PowaTag, an e-commerce app that combines elements of mobile payments, QR Codes and audio recognition to provide an all-in-one solution for brands and retailers to target customers in different physical and… Read More
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Fresh Off Merger With Conduit, Perion In Talks To Acquire Mobile Ad Platform AirPush

Mobile ad platform Airpush, which recently bought Hubbl for $15 million to move into native mobile ads, is now in the process of being acquired by Tel Aviv-based Perion. We haven't confirmed the terms of the deal specifically, but the number we're hearing is $170 million.* Read More
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Uber Adds Push Notifications To Let Passengers Know When Surge Pricing Ends

Now, thanks to an update of Uber's mobile apps, passengers will never have to guess when surge pricing ends, as the company has added a field to allow them to be notified when the multiplier is turned off. According to Uber's blog post, the update will begin rolling out to iOS users this week. Read More
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Send In Your Questions For Ask A VC With Google Ventures’ Rich Miner

This week on Ask A VC, we are thrilled to have Google Ventures' general partner and Android co-founder Rich Miner in the studio. You can submit questions for our guest either in the comments or here and we’ll ask them during the show. Read More
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Samsung To Donate $3M To Charities Chosen By Ellen, Says It Was Included “Organically” In Her Oscar Selfie

So ... what was the deal with Ellen DeGeneres' already-famous, celebrity-packed selfie at the Oscars? Why did she use what appeared to be a Samsung Galaxy Note to take the photo? I mean, nothing against the Galaxy Note, but there's been some debate about whether DeGeneres, who was hosting the ceremony, got paid by Samsung to use the phone. Well, a Samsung spokesperson just sent me a statement… Read More
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Credit Karma In The Market For At Least $60 Million

Riding a wave of investor interest in new consumer-facing banking, trading, credit, and lending services, the online credit marketplace Credit Karma is looking to raise at least $60 million in its latest round of funding, according to several people familiar with the company’s plans. The company is one of a new breed of consumer facing financial applications and services that have launched… Read More
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Microsoft’s OneDrive For Business Throws Down Gauntlet For Box, Dropbox

Microsoft announced today that the business end of OneDrive, its cloud storage offering, would be unshackled from its other services, and sold as a standalone cloud storage solution for corporate customers. Cue a surprised gasp from the audience. Read More
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Microsoft Confirms Executive Changes With Reller, Bates Out The Door

Today Microsoft confirmed the raft of executive changes that leaked yesterday. Senior executives Tony Bates and Tami Reller will exit the company, Mark Penn will move to a more ‘strategic’ role away from advertising, and the company’s ad efforts will be headed by Chris Capossela, who will be the executive vice president of marketing. Eric Rudder will take Bates’ job on an… Read More
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8-Bit True Detective Is Just The Ticket For King In Yellow Withdrawal

For those of you suffering True Detective withdrawal (and really, aren’t we all?) here’re the adventures of Rust and Marty as an 8-bit video game. Video game Rust won’t win any acting awards, but whoever came up with the video sure should. Note: Arguably this isn’t 8-bit – more like EGA or Gameboy Advance, but you get the idea.
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The Secret Bubble

There are not a lot of posts in my Secret feed marked ‘nearby’. In fact, I can tell you the exact number: 0. This is because I live in a medium-sized city in the San Joaquin valley, not in San Francisco, New York, Austin or San Diego — the locations I see most heavily represented in the messages delivered to my ‘circle’. Some portion of this we can chalk up to the ‘bubble’ that exists with any new hot social app. The filmy barrier that buoys and nurtures fledgling services until it either bursts and releases them, or asphyxiates them into strangled sworls of Color. There are a couple of kinds of ‘bubbles’ that we talk about in tech. The most prominent is the ‘money bubble’, which posits that companies and investors are riding a wave of faux optimism when it comes to the worth of technology. This is the other kind. There are a few major trends in consumer Internet worth tracking, and several of them are woven together. Among these are messaging, ephemerality and anonymity. All of them are products of a generation raised on the Internet. I do not believe this is a coincidence. Truth be told, I think that Secret likely has a strong chance of puncturing the virtual real-estate of the early adopter bubble. It’s got a simple, universal premise and a very human draw. It taps into the psychological topology of the modern Internet resident in a clever, powerful way. After a generation of Internet users who have treated permanence and indexing as the cover charge for entering, there is a new group of people who have a real awareness that they might not want everything that they put on the web to be there forever. We are entering a new phase of the development of the net, in which we can actually make some real choices about what we want to be indelible and what we want to dissipate into the digital ether after it’s served its purpose. Part of this is the simple age of the medium. The early days of the web were marked by enthusiasm and sharing — we all helped this grow. Now, the machinery is in place and people like Edward Snowden have forced us to acknowledge publicly what we all felt in some secret crease of our cerebellum: privacy is for the luddite. Secret taps into that, to a degree, especially along the ‘anonymous’ axis. Even though it’s very much ‘security psychology lite’, it still plucks threads attached to the same sensitive nerve clusters that tell us that everything we’ve ever said to a computer has been read by someone in a cubicle in Virginia somewhere. It’s the fast-food to the square meal of TextSecure or Cryptocat or Telegram. These are apps built for Serious Things and Serious Discussions that we want to remain Private. Secret, by comparison, is frippery. But, as time and tide and McDonald’s have proven to us — the frilly, fatty edges of things are often those most consumed, while the healthy inward parts remain the domain of the health nuts. Because it came along at the right juncture, and because it plays on our basest desires — I believe that Secret has a real possibility of popping its bubble in fairly good shape. But even doing so is no guarantor of value or benevolence. Even if the founders have a sincere interest in making a platform where people can be honest, we all know how that turned out for the Internet. Our own Josh Constine asked some serious questions of Secret founder David Byttow in a SXSW panel about what the service is doing to mitigate cyber bullying and abuse and what it’s doing to make Secret a safe place — and I believe he was right to do so. Once Secret emerges from its current pupate state, we’ll get a clearer picture of the value it can, or cannot, bring. Because of my location, I’m often treated to a fairly unique vista as the enthusiasm and froth of a new service surges out of San Francisco and crashes onto the shores of Real Life, CA. So far, there is no serious surf for Secret, but when and if it does break, it’s very likely that it will feel much different here — which is fine. Whatever it is, I hope it brings something worthwhile. A platform that gives a voice to people with too much fear in their hearts to express it any other way; something that gives voice to the voiceless; a tool to unlock inhibitions of the heart and mind. Not just another way to be crappy to one another. It’s the sign of something lasting when a structure is flexible enough to mold itself around different ways of living and different values. We’re talking about Secret, but we’re also talking about whatever the next thing is. That thing you’re shout-pitching to a VC at a SXSW party or running over in your head on your drive out to Sand Hill road with your palms sweaty on the wheel of your rented Toyota Avalon. Conquer those battles, get some users, create interesting things. But always remember that your wave will someday hit the shore — make sure it brings something valuable with it.
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Google Capital Pours $50M Into Real Estate Marketplace Auction.com At A $1.2B Valuation

Fresh off its public debut last week, Google Capital is putting more money to work this week with the announcement of a $50 million investment in real estate marketplace Auction.com. The valuation of the company post-money is $1.2 billion, and a representative from Google Capital will join the company’s Board of directors and another will take a board observer position. Similar to other real estate marketplaces, Auction.com connects buyers and sellers of real estate. And the company has sold $26 billion of property since inception. What differentiates Auction.com is that the real estate transaction actually happens online. It’s been described as an “eBay for real estate.” Financing options remain the same as in the offline world (it happens via a bank). Similar to eBay, the highest bidder wins on these auctions. Another unique factor to Auction.com is that it lists a broad swath of inventory, from luxury homes, to multi-story office buildings, to a foreclosed home, or a self-storage facility. Auction.com actually handles tens of thousands of transactions across commercial and residential real estate for customers ranging from the largest financial institutions to individuals and brokers. Launched in 2008, Auction.com only started expanding in Silicon Valley last year, with the company’s headquarters in Southern California. And while Auction.com has raised money from private equity, it hasn’t used much of its unvested capital and is profitable. Of course, you can draw comparisons to other real estate marketplaces like Zillow or Trulia. As Jake Seid, president of Auction.com, explained in an interview, “Trip Advisor is to Priceline as Zillow is to Auction.com.” He sees sites like Zillow as compliemtary. The site says it vets sellers and buyers and requires proofs of funds and other checks before enabling any transaction, and Auction.com takes a 5 percent cut of each transaction. “Auction.com has quietly built one of the largest marketplaces on the web,” said David Lawee, Partner at Google Capital. “We think Auction.com can fundamentally change how real estate, and particularly commercial real estate, can be bought and sold, leveling the playing field for smaller investors.” We’re told the new funding will be put towards product expansion, mobile development, and sales and marketing.
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The Hard Thing About Hard Things: Ben Horowitz’s Honest And Real Take On Entrepreneurship

Imagine your business is down to its last stretch of runway and your investors refuse to put more cash into it. Your friends and your most trusted advisers tell you that it’s probably time to throw in the towel, but as a last-ditch effort to find some capital, you decide to take the company public. You are half-certain that the company will go completely bankrupt during the actual roadshow,… Read More
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Basis Goes To Intel For Around $100M

Intel has won the Basis auction, we're hearing, at a price of around $100 million, according to one source. A second source pegs the deal at closer to $150 million. Basis makes wristwatch health trackers, capturing 7% of the market versus competitor Jawbone's 21%. As Intel was all about the wearables this year at CES, we're assuming that this buy is an attempt to further its foothold… Read More
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Because Some Days You Just Want To Customize Your Pizza On A Giant Touchscreen Tabletop

Chaotic Moon co-founder Ben Lamm says he "remembers when it was cool to go to Pizza Hut" with his family and play Ms. Pac-Man on the classic arcade table. Hence, the firm built a big fat touchscreen-enabled table that you can use to customize and order a pizza without having to talk to anyone. Read More
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Zuckerberg-Linked Group Releases Ad Blasting House GOP For Immigration Reform Intransigence

The Council for American Job Growth, an affiliate of the Zuckerberg-founded and financed Fwd.us group, has released a new ad blasting House Republicans for slowing the path to immigration reform. Fwd.us is controversial in Silicon Valley, where its tactics have caused a stir. After the group financed advertising praising the Keystone XL Pipeline, it lost Elon Musk as a supporter. The efficacy of… Read More
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VideoGenie Goes Beyond Video With StoryBox, A Product That Collects Positive Testimonials

VideoGenie is a startup that helps businesses collect and highlight video testimonials from fans. But it seems that founder and CEO Justin Nassiri doesn't want to limit this to video. So VideoGenie has launched a new product that it calls StoryBox, which aggregates all kinds of content about a brand. The company says the testimonials can include tweets, YouTube videos, Instagram photos, and… Read More
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If You Watch One Video Of An Arduino-Powered, Tetris-Playing Business Card Today, Make It This One

I like alternative business cards. In lieu of pieces of paper, for example, I like to hand out copies of my 3D-printed head. But I may have finally met someone with a far cooler business card than mine. Take a look at Kevin Bates' Arduino-powered business card, the Arduboy, and weep, friends, because it is a thing of beauty. Read More
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Shutterstock Acquires Digital Asset Management Service WebDAM, Goes After Enterprise Market

Stock image and video service Shutterstock today announced that it has acquired WebDAM, a provider of web-based digital asset management software. The financial details of the transaction were not disclosed. WebDAM was founded in 2005 and never took any outside funding. The service offers a number of solutions for marketing and creative teams to organize, distribute and collaborate around digital… Read More
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Study: Massive Online Courses Enroll An Average Of 43,000 Students, 10% Completion

Massively Open Online Courses are becoming more mainstream, as more top-tier universities give the public access to their courses. A new study demonstrates continued wide-spread popularity with part-time students looking to substitute otherwise cat-video-filled downtime with ivy league lectures. Examining public data from 279 courses from the most popular MOOC providers (Udacity, Coursera, edX),… Read More
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Zynga Reboots Three Of Its Biggest Franchises on Mobile

Under fresh leadership from new CEO Don Mattrick, Zynga has gone back to the drawing board on some of its biggest money-makers. Today, the company is unveiling upcoming revamped versions of Zynga Poker and Words With Friends along with a brand-new mobile-first version of its biggest hit FarmVille. It’s a critical time for Zynga, which is trying to revive momentum after losing out on mobile… Read More
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