Hunch

Chris Nuttall

  • Facebook, which overtook its social networking rival MySpace in global users last year, has now surpassed it in the US, according to the comScore research firm.  Facebook users almost doubled in the space of a year to 70.28m, while MySpace members fell 5 per cent to 70.26m.
  • Mobile payments are becoming a hot area for investment. San Francisco-based Boku has launched with an announcement of $13m in funding from Benchmark Capital, Khosla Ventures and Index Ventures. It also said it had acquired Paymo and Mobillcash, two other mobile payments companies. In March, Nokia made a $70m investment in Obopay.

 Read more >>