FastPay recently announced that it has placed $100 million in credit with digital media companies.
That’s $100 million used to deal with the common cash flow challenge in the ad business, where it can take 60 days or more to get paid by the advertiser. That can be a problem if, for example, you need to pay the publisher in 30 days.
The collision of fashion and digital technology feels like a very over-subscribed party already, what with the likes of Polyvore, Trendabl, Chicisimo, Fashism and Go Try It On all clamouring for access to that special consumer-spending VIP area (to name a select few).
Rovio, the Finnish makers of Angry Birds, said they crossed 263 million monthly active users in December, with 30 million downloads in Christmas week alone and 8 million downloads on Christmas Day. The figure is about 30 percent higher than the 200 million monthly active users the company had at the end of 2011.
For perspective, 263 million monthly actives is nearly as many as Zynga has.
Twitter has announced via its own official Twitter account that the service now has more than 200 million monthly active users, an increase of 60 million from the 140 million milestone it shared back in March.
Just Eat, the multinational online food ordering and delivery company that raised $64 million in April from Vitruvian Partners, Index Ventures, Greylock and Redpoint, is today announcing its first acquisition out of that cash injection: it is buying SinDelantal, its rival in Spain, to help give a quick boost to that country’s operations.
Yelp, the local online business and restaurant guide that first launched in the U.S. in 2004 and now lives in 21 countries and 12 languages, and has more than 100 million monthly unique visitors as of January this year, launched in New Zealand this morning.
This just in: online recommendations and listings site Yelp is stepping up its international push and buying its biggest rival in Europe, Qype. It will pay €18.6 million for all of Qype’s shares and is adding another 970,000 shares of Yelp’s Class A common stock, for a total purchase price of approximately $50 million. Qype is headquartered in Germany, with operations across Europe.
Adobe Systems reported third quarter earnings, missing analyst expectations. Adobe’s revenue came in at $1.08 billion, up 7 percent from the same quarter last year (analysts expected sales of $1.1 billion). Earnings were $0.58 on a non-GAAP basis ($0.40 on a GAAP-basis), which is inline with what Wall Street expected.
Facebook’s 10-Q reveals some juicy tidbits left out of its earnings call yesterday. The final price it paid for Instagram was $715 million in stock and cash. Despite rumors that it has stopped growing in mature markets, Facebook’s US user count did increase slightly from 168 million to 171 million monthly users during Q3.