Inside these posts: Social media

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Too late for Super Bowl, Groupon buys pregame ads

From Crain’s Chicago Business | Social coupon giant Groupon is investing in TV advertising, including pregame spots in the Feb. 6 broadcast of Super Bowl XLV. Get the full story>>

Facebook tops Google as most visited site in U.S.

Facebook founder and CEO Mark Zuckerberg announces a new Facebook email messaging system in November. (Justin Sullivan/Getty)

Facebook surpassed Google for the first time as the most visited website in the United States for most of 2010.

The social network site edged out Google.com with 8.9 percent of all U.S. visits between January and November 2010, while Google.com ranked second with about 7.2 percent of all visits, according to online measurement service Experian Hitwise. Get the full story »

Groupon says it raised $500M in financing

Chicago-based Groupon Inc. has raised $500 million in equity financing of the $950 million it hopes to get.

The money came from 33 investors, Groupon said in a filing with the U.S. Securities and Exchange Commission. The company it is not disclosing their names, but DealBook reported Wednesday the start-up is negotiating financing commitments with Fidelity Investments, T. Rowe Price and Morgan Stanley. Get the full story »

Groupon lures institutional investors, planning IPO

From the New York Times’ DealBook | Groupon, the social buying site that rejected a $6 billion takeover bid from Google earlier this month, is negotiating as much as $950 million in financing commitments with big institutional investors, including Fidelity Investments, T. Rowe Price and Morgan Stanley, people briefed on the matter said. Groupon is preparing to go public as soon as the end of 2011, sources said. Get the full story>>

Groupon seeks funding after rebuffing Google

From Bloomberg News | Chicago-based Groupon Inc. is seeking funding after rejecting a takeover offer from Google Inc., said three people familiar with the matter. The daily social media coupon Web site is looking to raise several hundred million dollars, one of the people said. Groupon may use the money to hire sales staff and retain its lead over coupon-site rivals. Get the full story>>

Facebook CEO named Time’s ‘Person of Year’

Facebook CEO Mark Zuckerberg. (AP/Paul Sakuma)

Facebook founder Mark Zuckerberg has been named TIME magazine’s Person of the Year. Rick Stengel, the magazine’s managing editor, made the announcement Wednesday on NBC’s “Today“ show.

Zuckerberg created the widely popular and influential social networking site, which reflects a major transformation in the way people communicate and do business.

“Facebook has merged with the social fabric of American life, and not just American but human life: nearly half of all Americans have a Facebook account, but 70 percent of Facebook users live outside the U.S. It’s a permanent fact of our global social reality. We have entered the Facebook age, and Mark Zuckerberg is the man who brought us here.“ Get the full story »

AOL mulls breakup, then merger with Yahoo

AOL Inc., undergoing a radical transformation into the king of content on the Internet, is actively exploring a breakup involving a complicated series of transactions that may lead to a merger with Yahoo Inc., sources close to the plans told Reuters.

The plans are still in the exploratory stage and Yahoo has not been contacted, the sources said. The plans are also fraught with complications involving myriad moving pieces. Get the full story »

Facebook lauches new profile pages

Facebook Inc. on Sunday unveiled a profile page redesign that lets users share more details, display photos and highlight friends if they want — tidbits the social network said are like “conversation starters” that will let people tell their story and learn more about friends.

The redesign is the latest effort by Facebook to consolidate its grip on the social-networking arena, aiming for its Web address to become people’s default destination on the Internet. The Palo Alto, Calif., company’s website, which lets users share messages, photos and other information with their friends, topped 500 million users earlier this year and has become a Silicon Valley heavyweight. Get the full story »

Firm sues Groupon claiming patent infringement

From Bloomberg News | Tampa-based Ewinwin Inc., which maintains a site where businesses promote their products and set prices based on the number of customers who place orders, has filed suit again Chicago-based daily coupon site Groupon, claiming it is infringing on four of its patents. The four patents were issued in 2006, 2007, and in March and April. Get the full story>>

Groupon buys 3 Asia sites as part of shopping spree

Chicago-based Groupon has offices at 600 W. Chicago, pictured here on Nov. 30, 2010. (Phil Velasquez/Chicago Tribune)

Daily deal startup Groupon is on a shopping spree of its own, even amid feverish speculation that Google is on the verge of making a big offer for the Chicago company.

Groupon said late Tuesday it has bought three daily deal sites based in Asia, moving the company into Hong Kong, Singapore, the Philippines and Taiwan. Terms of the deals with uBuyiBuy, Beeconomic and Atlaspost were not disclosed. Groupon’s first foray into Asia was in August, when it acquired a Japanese rival. The company said it is now in 35 countries.

Closer to home, Groupon has acquired Ludic Labs, a Silicon Valley technology company, for an undisclosed amount. Groupon said Ludic Labs’ most well-known products are Offer Foundry, an advertising and promotional platform for local businesses, and Diddit, a Web-based community where members can browse through local activities and attractions. Ludic Labs and Groupon have both raised money from Accel Partners, a Silicon Valley venture capital firm. Get the full story »

Web site report: Google to buy Groupon for $2.5B

From VatorNews.com | Technology news Web site Vatornews is reporting Google has struck a deal to buy Chicago-based social coupon company Groupon for $2.5 billion. The report, citing one anonymous source, has not been confirmed by Groupon or Google. See the report >>

Groupon considering sale to Google

E-commerce coupon site Groupon Inc. is considering either selling itself to Google Inc. or going ahead with a round of fund-raising that may value it at more than $3 billion, Bloomberg reported Friday citing sources.

The two have held talks about a deal, Bloomberg and The Wall Street Journal’s All Things D blog  reported. Get the full story »

New Facebook messaging takes on Google, Yahoo

Facebook CEO Mark Zuckerberg talks about the 350 million active users daily of Facebook messaging in San Francisco, Nov. 15, 2010. (AP Photo/Paul Sakuma)

In a bid to become the junction box for people’s digital communications, Facebook announced Monday it plans to launch a new communication platform intended to unify e-mail, instant messaging, text messaging and the social network’s existing message system through a single “social in-box.”

While each of the social network’s more than 500 million users will have the chance to get an @facebook.com e-mail address as the new service gradually rolls out to members in coming months, CEO Mark Zuckerberg said the goal was not to create the world’s largest e-mail network, but to merge external e-mail, text messaging, instant messages and Facebook’s existing internal messaging service into a new kind of seamless communication system. Get the full story »

Web-based e-mail next for Facebook, sources say

Facebook will unveil changes to its messaging system  Monday, according to a person familiar with the matter.

The changes to the messaging service will be “across the board,” the person said, which could escalate the competition between the world’s No. 1 Internet social networking site and Google Inc . Get the full story »

Google says it is not building a Facebook rival

Internet search leader Google Inc is not building a social network to compete with Facebook, a company executive reiterated on Thursday, despite an intensifying rivalry between the two leading Internet groups.

“We’re not working on a social network platform that’s just going to be another social network platform,” Google’s head of mobile product development, Hugo Barra, said in answer to a question at the Monaco Media Forum.

“We do think that social is an ingredient for success for any app going forward, search and advertising being probably the best two examples that I would mention. So that’s how we’re thinking about the problem.” Get the full story »