Foursquare Announcements Coming at SXSW

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This week, we posted an article about some comments Foursquare co-founder Dennis Crowley made about competing with Facebook. He responded to this, and we exchanged a few tweets. Bottom line: expect multiple announcements from the company at SXSW.  In a recent interview on CNBC, Crowley said, "They’re [Facebook] a huge platform and a big competitor, but we look at the …

Intelestream (CRM) Means Business

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Customer relationship management (CRM) software is becoming an essential element in the success of enterprises online and off today. Being able to manage your client and prospect relationship efficiently, effectively and with respect is meaningful to those you want to buy from you and to your enterprises bottom line. That is why it is exciting… [[ This is a content …

Demand Media Announces Closing of IPO

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Last week, Demand Media launched its initial public offering. Today, the company announced the closing of the IPO of 10,235,000 shares of common stock at $17.00 per share. From the release: Demand Media sold 5,175,000 shares of common stock, and the selling stockholders sold 5,060,000 shares of common stock in the offering. Demand Media received net proceeds of approximately $77.2 …

Facebook Credits To Become Universal Currency On Site

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A currency – whether real or virtual – is only as good as the extent to which it’s accepted.  So to increase the value of Facebook Credits (figuratively speaking), Facebook will soon make them a mandatory option in social games that use payments. Users and developers shouldn’t react with too much dismay.  Other in-game currencies will be still be permitted, …