Bitly Kinda Says It’s Not Raising $20M, But Sorta Hints That It Is

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Is link shortener Bitly raising $20 million in new funding? The Verge says it is

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Third Pivot’s The Charm? Events Site Ravn Becomes Flash Sales Site Touch Of Modern

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No one ever called a limit on the number pivots a company can do, right? So here’s the latest at a company we’ve been watching for a while now.  RAVN , an event planning and sharing app that itself was the product of a pivot from the developers behind “experiences marketplace” Skyara , has sent a letter out to its users telling them that the app is getting shut down at the end of this month

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Facebook’s biggest problem is that it’s a media company

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There’s been a lot of attention paid to Facebook’s business model recently, especially with the news that General Motors has killed a $10-million advertising campaign devoted to the giant social network — not exactly a great sign of confidence in advance of the world’s most eagerly anticipated IPO. And GM’s move is only the latest indication of discontent, as other advertisers are also questioning their spending

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Facebook Revises S-1 Again: Adds 83,818,263 Shares Of Class A Stock, Could Raise $16B

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Facebook is revising hard and fast in the lead-up to Friday when it is expected to ring in the Nasdaq bell and go public. In short, every revision is continuing to gradually push up the value of the company.

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Facebook May Be Worth $100B, But What Are You Worth To Facebook?

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It’s almost here. The big day. Can you feel the excitement

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Ask A VC: Spark’s Nabeel Hyatt On Hyper Growth And Whether Facebook Is Fueling Future Rivals

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Ask a VC is back this month (finally!) after a long hiatus.

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Banters Hits The Deadpool, Co-founders Leto & Moberg Are Betaworks Bound

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Today, the Banters social experiment has officially come to a close, as the startup’s co-founder Lauren Leto said via blog post today that the team will be no longer actively working on the site beginning June 1st.

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DoctorsElite Wants To Build A Network To Better Link Up Patients, Specialists And Medical Records

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As a culture, we are getting ever-more accustomed to using social networks as our primary hubs for all information, and that trend is leading to the rise of yet more services constructed like social networks to improve accessibility: one of the latest in that line is DoctorsElite , a new site aimed at linking up patients, general physicians and specialists through a social network framework to make it easier for people to find specialists in certain fields when they need them.

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Can Quora build a for-profit version of Wikipedia?

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The “crowdsourced” question-and-answer site Quora raised more than a few eyebrows on Monday when it  closed a new $50-million round of financing that values the fledgling company at $400 million, despite a conspicuous lack of scale when it comes to users.

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Auction-Meets-Group-Buying Site BagThat Bags $3.2M From Oxford Capital

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BagThat , a new UK entrant to the daily-deals/e-commerce space, has picked up an investment of £2 million ($3.2 million) to develop its service, a mash-up of two well-known models for selling products online: auctions and group buying. The funding is being led by Oxford Capital and is the first close on this round

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