Facebook backers create $10 mln fund for start-ups
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Online social networking  phenomenon Facebook Inc said on Monday its backers have created  an unusual $10 million fund to dole out grants to start-ups  with ideas for innovative Facebook applications.
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A new Goldman Sachs Group  stock hedge fund could be launched with more than $6 billion, with some investors expecting the fund to attract as much $10 billion, people familiar with the fund said.
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One of Europe's largest social  networking sites, Passado.com, said on Tuesday it had raised 10  million euros ($13.2 million) as it plans to expand into  Britain, Russia and Italy.
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Networking website Facebook is to face legal action on Wednesday in a suit brought by a rival site's founders.
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Microsoft is rumored to be interested in investing in Facebook, in a deal that would value the social network at $10 billion or more. Just what else could you buy with $10 billion? It's the GDP of Bolivia, for starters.
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Facebook Inc. is offering to pay up to $250,000 to software developers who create applications that help make its rapidly growing online social network an even more compelling Internet hangout.
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The company that runs the Franklin Templeton mutual funds yesterday admitted that it allowed an investor to market-time its funds in exchange for putting $10 million into a start-up hedge fund at the firm, according to a settlement with the Massachusetts Securities Division.
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Social network software maker  Slide Inc said on Friday it had closed a $50 million  institutional financing round, marking the rising valuations of  start-ups riding fast-growing Facebook's wave of popularity.
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Social networking site Facebook has bought internet start-up Parakey.
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At a conference of investors and entrepreneurs this week, several prominent venture capitalists agreed: $15 billion is about the right valuation for Facebook.
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Google.org, the philanthropic arm of Google Inc., has teamed up with the Soros Economic Development Fund and Omidyar Network to fund a $17 million company that will invest in small- and medium-size business in India.
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By Jim Mccartney, Pioneer Press, St. Paul, Minn.  Sep. 7--Given the long-lamented dearth of venture capital, the news Wednesday that Thomas, McNerney & Partners has raised $375 million in fresh investment funds should cheer Minnesota's biotech industry.
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Facebook, a social-networking site that has become an open development platform, announced Thursday that it purchased startup Parakey for an undisclosed amount. The company, started by Mozilla Firefox cofounders Blake Ross and Joe Hewitt, has been creating products to unify and integrate desktop applications and the Web.
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Friendster Inc. said on Monday it  received $10 million in new funding to expand abroad and help  its pioneering social-networking site survive in a market  dominated by younger successors who stole its thunder.
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Google.org, the philanthropic arm of Google Inc., is planning to invest $10 million to speed up the production of plug-in hybrid vehicles.
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InfoWorld - Wi-fi startup Fon Technology SL has secured an additional &#8364;10 million (US$13.1 million) in funding for its plan to establish a global network of shared hotspots, the company said Friday.
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Privately held social networking  site Facebook Inc. said on Thursday it has acquired Internet  startup Parakey, run by the co-founders of Web browser Mozilla  Firefox, for an undisclosed sum.