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26 Sep 2011 11:31

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Tech: Tumblr scores another massive funding round, making them super-rich

  • $85 million amount raised by Tumblr in a funding round just today
  • $30 million amount raised by Tumblr in a prior funding round earlier this year source
  • » Total funding? $125 million: With a growing, increasingly diverse audience, Tumblr’s latest funding round could help the brand blow up to new heights and in new directions. It’s happened pretty fast, too. Well, at least that’s what founder David Karp thinks: “Tumblr has come far since we began our journey. From the early users signing up to easily share all of the things they cared about, to the global community today where creators have an incredible opportunity to reach an audience of hundreds of millions, it’s been a remarkable four years.” Suggestion to David and Tumblr: Don’t get all Scrooge McDuck on us and start swimming through the funding round. NYC doesn’t have enough space for a giant money bin anyway. Instead, focus on uptime, possibly buying Missing e from Jeremy Cutler, and giving content creators a way to turn their hard work into more than just a hobby.
Posted by Ernie Smith • 0 Comments • Permalink

06 Sep 2010 10:54

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Biz: Housing market: Would a correction help homeowners?

  • Housing needs to go back to reasonable levels. If we keep trying to stimulate the market, that’s the definition of insanity.
  • George Mason University real estate finance professor Anthony B. Sanders • Suggesting we let the housing market go to hell so it can correct itself. It’s a somewhat unique argument, but considering the way that overdevelopment and overbuilding has defined the real estate market of the last decade. So, the debate as it currently stands: Does the Obama administration keep trying to stimulate growth in the housing market, or does it focus less on devlopment and more on ensuring the value of the investments that millions of homeowners have already made? A tough answer, but we think the latter sounds like a good idea. source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2010 11:31

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Biz: Depressing numbers: Economic growth slows to a freaking crawl

  • 5% the size of economic growth (at an annual rate) in the last three months of 2009
  • 3.7% the growth in the economy (at an annual rate) in 2010’s first quarter
  • 1.6% the growth in the most recent quarter, which is a huge sign of economic slowdown source
Posted by Ernie Smith • 0 Comments • Permalink

15 Aug 2010 21:31

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Biz: It’s official: China’s economy is bigger than Japan’s, way behind U.S.

  • $1.28B the GDP of China’s newly 2nd-place economy in the second quarter of 2010
  • $1.22B the GDP of Japan’s economy in 2nd quarter 2010, which fell behind China for the first time
  • $14B the GDP of the U.S. economy throughout 2009, which is way out in front source
Posted by Ernie Smith • 2 Comments • Permalink

19 Jul 2010 21:58

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Tech: Based on the numbers alone, Tumblr is becoming the new Twitter

  • 6.25million visitors tumbling their logs each month
  • 4.5Mnumber of posts getting tumbled each day
  • 650,000 number of posts getting tumbled daily a year ago
  • 255M number of pageviews the tumblelogging site got in July 2009
  • 420M number of pageviews Tumblr had leaped to by November 2009
  • 1.5B number of pageviews they had in June; thanks John Mayer source
  • » Should we switch to Tumblr? Obviously, with its quickly-growing community, focus on functionality and expansion, dead-simple API and genius “reblog” function, this awesome platform appears to be where it’s at. Nothing against you, WordPress, but this whole fracas with the maker of the popular Thesis theme suggests that you should take a step back.
Posted by Ernie Smith • 0 Comments • Permalink

20 Jun 2010 21:27

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Culture: “Toy Story 3” has exponential growth over the original “Toy Story”

  • $109M the size of the opening for “Toy Story 3,” Pixar’s largest ever opener
  • $57M the size of the opening of “Toy Story 2,” which doubled the original
  • $29M the size of the opening for the original “Toy Story” source
Posted by Ernie Smith • 0 Comments • Permalink

07 Jun 2010 20:50

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U.S.: Oil Spill: Thad Allen says it’s been spreading out, scattering

  • We’re no longer dealing with a large, monolithic spill. We’re dealing with an aggregation of hundreds of thousands of patches of oil that are going a lot of different directions.
  • Thad “the good guy” Allen • Discussing the latest status of the oil spill. In explaining further, Allen said that while tackling the surface oil issues will take a couple of months, “long-term issues of restoring the environment and the habitats … will be years.”Not only are we not out of the woods, but the woods just keeps growing, and we have to see the forest for the trees. source
Posted by Ernie Smith • 0 Comments • Permalink
 

12 May 2010 21:14

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Biz, U.S.: The federal deficit blew the roof off of April’s record

  • 19 straight months of federal
    deficit increases source
  • » Why it’s alarming this time: It’s relatively rare for deficit increases to happen in the month of April, due to the fact that it’s tax season and lots of revenue is coming in. In fact, there’s been an April surplus 43 of the last 56 years. Even crazier, the increase this April was four times bigger than last April, from $20 billion to $83 billion. That’s also twice the Wall Street estimate of $40 billion.
Posted by Ernie Smith • 8 Comments • Permalink

07 May 2010 10:23

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Biz: Jobs: Employers are hiring, but more people are looking

  • 290,000new jobs in April, way more than
    expected and the best month for
    employment in four years
  • 9.9%the current unemployment rate,
    higher than last month because more
    people are looking for work source
Posted by Ernie Smith • 0 Comments • Permalink

05 May 2010 09:48

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Biz: FINALLY. Private companies are starting to hire people again

  • 32,000 new private sector jobs in April source
Posted by Ernie Smith • 0 Comments • Permalink
 
 
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