Michael Arrington and his Techcrunch blog appear to be a few characters short of 140 with their report of rumours that Google is in late-stage talks to buy microblogging service Twitter.
A source close to Twitter told us today the “story is fiction”, there were no talks with Google on any possible acquisition.
Valley VC firm August Capital must have understood Swoopo’s business model straightaway – it’s much like its own.
The online auction site encourages users to lay out small amounts of money hoping they will win various products at a fraction of what they are really worth.
You would have to be a gaming company and it would help if you were Chinese, if planning a successful IPO in these treacherous markets.
Changyou ticked both boxes and closed 25 per cent higher than its $16 placing on its Nasdaq debut on Thursday. It had already been priced at the top end of a $14 to $16 range, such was the demand.