• @Facebook rolling out opt-in 'Nearby Friends' feature; avail for iOS & Android in the coming wks; will be a tab inside @Facebook's main app; users can also schedule periods for when they'd like to share their location w/ specific users - Link
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  • @Dropbox acquires mobile photo storage startup @TeamLoom (raised $1.4M from @GoogleVentures, Great Oaks, Tencent, Overbrook, Damon Way, YC); existing customers can use the service until May 16; Loom users can switch to Carousel & will receive an equivalent allotment of data from @Dropbox; graduated from YC's W12 class - Link
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  • @Dropbox acquires real-time collaborative doc editor startup @Hackpad; graduated from YC's W12 batch; terms undiscl; plans cost $2/user/mo; Dropbox acquired 4 startups in the past 3 mo's (Loom, Hackpad, Zulip, Readmill) - Link
    image

  • Digital display startup for businesses @Enplug raises $2.5M seed from Larry Keele, Rasoul Oskouy, @Bill_Gross, Hossein Eslambolchi, @Interscope's David Cohen, Justin Caldbeck, Troy Carter, @howardmarksDominateFund, zPark Venture & Amidi; displays are $99/mo w/ ads, $299/mo without ads; has customers in 40 cities in the US - Link

    See our previous coverage on Enplug in our Raising Now feature - Link
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  • Chinese microblogging service Weibo sells $285.6M in an IPO, selling 16% fewer shares than the 20M expected; valued @ $3.46B; set IPO price @ $17/share, @ the bottom of the $17-$19 projected range; has 144M MAUs; trading under symbol $WB on Nasdaq - Link

    Update: Shares up 25.18% @ $21.28/share ($3.96B mkt cap) - Link
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    From Weibo's F-1

  • @Twitter announces app install ads; SeatGeak says the ads have resulted in high-quality, transactive app users; Twitter is also allowing ad buyers purchase ad inventory on MoPub, which it acquired last yr for a reported $350M - Link
    image

    @jason: Question for ticker team (& members/you!): how much do App installs cost on each major platform? I was told $2-4 on @facebook, which too me seems to imply that the only folks who can afford it are a) folks with insane RPU (candy crush-style games) or b) startups desperate to show app growth to at their next board meeting (zing!). I wonder what % of Facebook & Twitter's revenue is coming from app installs, and what % of those are vc-based spending (as opposed to ROI based spending). Thoughts?
     
  • @Yahoo ex-COO Henrique De Castro's severance totaled $57.96M; $56.8M severance package plus $1.14M salary; fired last Jan after 5 mo's @ @Yahoo - Link
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    @jason: Trying to imagine what it is like to go to work @yahoo after reading about De Castro's ~$58m severance package. #brutal
     
  • Data analytics co @Palantir, which raised $800M & was valued @ $9B, faces challenges on rev growth, @theinformation reports; can take mo's to get a single client up & running on Palantir's platform; Palantir will have to support new types of customers to create rev growth that can support its current valuation - Link
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  • @WSJ: Drop in tech stocks, despite a modest rally this wk, have caused VCs, incl @Accel, to get cautious & recalibrate expectations; @Twitter down 39% below its record, @Facebook down 17% as of Wednesday; @bgurley says there's 'an increasing amount of risk-taking by venture capitalists, pushing companies out that are further and further away from profitability.. I think these experimental IPOs will struggle in this environment' - Link
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    @jason: Long-term it's a good thing that public markets are forcing discipline on tech stocks. Very much a reaction to dotcom bubble.
     
  • Apple said to prepare song-ID feature for iOS 8 in partnership w/@Shazam; Apple will debut iOS 8 on June 2 in SF @ WWDC - Link
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