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AppNexus Picks Up $60 Million, as Valuation Grows to $1.2 Billion Funding to help to further global presence

AppNexus has picked up $60 million in funding from a "large, Boston-based public equity and asset management firm," per a statement from the ad-tech company, which also revealed that an…

August 18, 2014, 1:42 PM EDT

Gilt Co-Founder Leaves for Startup Alexandra Wilkis Wilson will take over as Glamsquad chief

Gilt Groupe co-founder Alexandra Wilkis Wilson is leaving her role at the company she helped nurture from a startup idea to a global enterprise to become co-founder and CEO of…

August 12, 2014, 1:20 PM EDT

Yelp Faces Lawsuit Over Fraudulent Reviews Suit alleges executives sold over $81 million of stock before news depressed price

Yelp Inc. and its executives were accused of selling $81 million of artificially-inflated stock while "deceiving shareholders about the quality of consumer reviews on its website," Reuters reported yesterday. The class-action…

August 7, 2014, 2:45 PM EDT

Gannett Agrees to $1.8 Billion Buyout for Cars.com Could be announced as soon as today

Gannett Co. has agreed to buy out the other companies who own a stake in Cars.com for $1.8 billion, "a person familiar with the matter" told Bloomberg News. Gannet Co. already…

August 5, 2014, 1:32 PM EDT

Full-Page Marijuana Ad to Appear in New York Times A historic moment in pot marketing

It looks like "The Gray Lady" will get a little greener tomorrow. Leafly, a website and mobile app that locates and reviews medical marijuana dispensaries, has bought a full-page ad in the print…

August 2, 2014, 8:19 PM EDT

ModCloth Cuts Almost 15% of Staff Online clothing retailer lays off around 70 employees

Online clothing retailer ModCloth, which specializes in vintage designs, recently laid off 15 percent of its staff, or approximately 70 employees, TechCrunch reports. The layoffs affected employees at all three…

July 17, 2014, 1:12 PM EDT

LivingSocial Taps eBay Exec to Right the Ship Gautam Thakar brings marketing expertise

Seven months after Tim O’Shaughnessy said he would step down as LivingSocial CEO, the deals company has named Gautam Thakar as his replacement. Thakar has spent nearly the last decade working…

July 15, 2014, 3:35 PM EDT

The New Video Ad Viewability Metric Is Drawing Scrutiny Advertisers not happy that impressions count after 2 seconds

The Media Rating Council today is adopting a viewability metric, or “currency,” for online video ads that defines when viewable display impressions count. It’s the industry’s first attempt to address…

June 30, 2014, 12:01 AM EDT

Priceline Buys OpenTable for $2.6 Billion Flight booker gets second chance at diversifying offers

The Priceline Group has agreed to purchase restaurant digital bookings company OpenTable for $2.6 billion. It's an intriguing move by the Norwalk, Conn.-based parent firm of Priceline.com, bringing together two major…

June 13, 2014, 12:51 PM EDT

Too Legit to Quit: Uber Raises $1.2 Billion Ride-sharing service picks up big money

Despite nagging questions about its legitimacy and its future, the hot car service/tech startup Uber just raised $1.2 billion. Uber operates in cities that have attempted to regulate it out of…

June 6, 2014, 4:44 PM EDT

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