1. Bangalore based flipkart.com gets USD 20 million in series C funding - This brings the company's total funding to USD 31 million. While the growth of this company is stellar, the exit route for the founders and VCs is not clear (at least to me). The play for such companies is in customer satisfaction driven by supply chain more than just technology and front store. So one does not own the customers forever. Remember indiaplaza.in, fabmart.com, firstandsecond.com. India's .com companies all of which dabbled with eCommerce and achieved limited success. Success this is dependent on the sector's growth which is predicted to be high. Watch this space for more over the next 2 years
2. Is Facebook beginning to reach it's plateau? - The total number of new US users who joined Facebook last month is 11.8 million. Currently 150 million users of facebook are from USA. So half of America uses Facebook. All these numbers indicate that nett new number of users will continue to drop in the months to come. Has Facebook reached the beginning of it's plateau? While this may be a part of a natural cycle, maybe this is not the right news to have in a year where Facebook hopes to go IPO. Macro economic indicators in the US and competing vertical social networks will not increase their pressure on Facebook. "Whats new at Facebook?" could soon become the question that Facebook would have to answer.
3. The new age news paper is here - This ipad / iphone / android application is great. It is a news mashup (to keep it simple). But these application makes it easy to navigate between news articles of your interest rather than news source websites. I think soon google news will be of less value. One feature that I would add to these apps would be to search for a term and get all news articles linked to it. Flipboard is another app in the same space with a usability to kill for. This space could lead the innovation and content search space. I would not be surprised if google soon thinks of an app or an acquisition in this space
4. RIM misses revenue targets - By itself this is not a news that is surprising. But it does help understand the trouble companies like Nokia and RIM find themselves in. Nokia won a lawsuit against apple and received billions of dollars in settlement payout, but it's stock price remained weak. RIM announced layoffs starting off from the next quarter. Is the future centered around touch-pad and touch-phone? Even the silver lining for RIM seems to be the better than expected sales of playbook. The one thing that seems certain, is that if Apple and Android do not out-innovate themselves, then by 2021, Apple and Android would be announcing layoffs. :)
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