Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.
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Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.
LinkedIn Corp (LNKD.N) reported revenue jumped 59 percent to $363.7 million in the second quarter after membership grew at a faster pace for the first time since late 2011.
Since 2010, Square Inc's matchbox-sized card readers have steadily supplanted credit card machines in coffee shops and corner stores across the United States.
Twitter founder and Executive Chairman Jack Dorsey said on Tuesday that he trimmed his role at the microblogging service months ago as he devoted the majority of his time to Square, the payment start-up where he is chief executive.
Two San Francisco-based car-sharing services, including one founded by Zynga Inc director Sunil Paul, are operating in defiance of California authorities, highlighting how regulators are struggling with a wave of start-ups that encourage people to share everything from cars to their homes.
