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Startup News

Location American Startup News for 1 August 2013
Student Detained 5 Days Without Food Or Water By DEA Settles For $4.1M Daniel Chong, a 25-year old UC San Diego student, settled his suit against the DEA for $4.1M. He was jailed and left unmonitored in a cell for five days. Chong and eight others were detained April 21, 2012 after DEA agen...
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Adobe goes crazy, gives its apps to teams for a drop-dead low price For a single user to get this package, the price is $20, so giving the app to a whole work group for $10 more is kind of crazy, but good-crazy, like NeNe Leakes or something.
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Facebook's Balancing Act

Forbes - 1 Aug 2013 23:57
Facebook has an interesting management dilemma these days. It must balance the expectations of shareholders, advertisers and most importantly its users. Keeping all groups happy is no easy feat in any business, but Faceb...
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iWatch on the way? Apple buys wireless chip maker Passif Semiconductor Apple has acquired wireless chip manufacturing startup Passif Semiconductor for an undisclosed amount of money.
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LinkedIn reports strong Q2 results, membership grows to 238M users LinkedIn beat the street once again today, reporting strong second quarter earnings and a boost in membership to 238 million users.
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AT&T's new retail stores are taken straight from Apple's playbook -- and that's a good thing AT&T has learned a lot of lessons from Apple about how to run a retail store. And thank God for that.
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Doximity launches a 'digital fax line' to alleviate doctors' pain (exclusive) "Health-tech companies have great visions for the future -- but we also have to solve the problems that doctors still have today," said Doximity CEO Jeff Tangney.
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Watch Curiosity's first year on Mars in two minutes (video) About a year ago, NASA's Curiosity Rover touched down successfully on Mars. To celebrate the one-year anniversary, here's a two-minute video of the rover exploring Mars.
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Moto X: The phone of the future, built on Motorola and Google's legacies What if Google could pull an Apple and design its own smartphone from scratch? And what if it could tap into Motorola's decades of expertise to do so? Today Motorola officially unveiled the Moto X, its not-so-secret, mad...
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Velti owes Mobclix developers an estimated $30M in overdue ad payments Velti's financial situation is creating big headaches for developers using its Mobclix platform.
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Television is changing, so why aren't your ads?

Venture Beat - 1 Aug 2013 20:39
Television is changing, so why aren't your ads? Guest Post The almighty TV ad spot won't be king forever. Here's why ads should be changing to fit today's diverse media world.
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Hootsuite nabs a massive $165M for 'marketing and international expansion' The four-year-old social media management startup just raised $165 million for strategic acquisitions, marketing and international expansion.
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iLiteracy: New iPad app teaches little ones how to read Learn with Homer is a new learning app developed by an education reformer and mother of three daughters. It can teach kids to read, and exposes them to history, science, and other subjects.
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A Melon For Your Melon: Wearable Tech For Your Brain It's true that technology is moving faster than ever. Everyday the news is peppered with stories of startups that claim their app or device will to change the way we live and make our lives better than ever before. But i...
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NSA may not be tracking your calls, but it knows what you're Googling The NSA spent much of yesterday talking about how limited its telephone call-tracking program is. But it failed to address new revelations about other tracking programs -- like the ones that can tell what you're Googling...
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Five Stocks Shooting Higher

Forbes - 1 Aug 2013 19:13
With stocks raging higher on Thursday, here are five to watch with exceptional momentum.
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Android reaches massive 80% market share, Windows Phone hits global high, iPhone languishes This really is Mac versus PC all over again, as iOS hit its lowest levels since 2010.
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Hipmunk takes on HotelTonight with last-minute hotel deals Hipmunk, a popular startup striving to make travel search easier, released a mobile app for booking last-minute hotel deals today.
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Senior security: New credit card protects your grandma from online fraud Serial entrepreneur Kai Stinchcombe just launched True Link Financial to protect his grandmother -- and others like her -- from online scammers.
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STAYING FOCUSED ON OUR CUSTOMERS HELPED US INNOVATE This is my first post in a series reflecting on my experience as a social entrepreneur. One of the biggest lessons we have learnt so far is that is it's not about us and what we do but it is about our customers and how w...
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The top 10 cloud-based tools for developers

Venture Beat - 1 Aug 2013 18:00
The top 10 cloud-based tools for developers With this list, we'll name and keep track of 10 cloud-based, XaaS (everything as a service) companies that boast not only innovative products but also market momentum, cross-platform capabilities, and a forward-looking v...
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Chipotle Treasure Hunt Spices Up The Young Demo A Chipotle competition that has got Americans in a race to win free burritos until 2033 appears to have benefited the brand among the young demographic.
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