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Blog

Web 2.0 company Xing raises €35.7 million in IPO

Business social networking service OpenBC, a Teutonic version of LinkedIn, has announced that it has raised €35.7 million in an IPO. Its market cap is about €157 million.

OpenBC, which is rebranding as Xing, has around 1.5 million members, and was able to boost its revenues year-on-year from €1.6 million to just under €6 million at the end of the last fiscal year.

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Interview with Ed Freyfogle of Nestoria

Nestoria is a property-focused vertical search engine based in the UK, founded by former engineers at Yahoo.

I talked to co-founder Ed Freyfogle to find out more about the site, the challenges of starting up in the UK and APIs...

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Le Web 3: Open source reflects French election desire

A candidate in the French presidential race has proposed a social "revolution" founded on free, open source software.

Francois Bayrou, leader of the centrist Union for French Democracy (UDF), spoke of his appreciation for wikis and said he wants to create "a society based on shared culture, science and knowledge".

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XFM to launch personalised internet radio station

GCap Media -owned indie music station XFM is preparing to launch an interactive online radio player which will allow listeners to build personalised playlists from its music library.

Mi-Xfm, as it is called, will feature four different music genres; Chill, Loud, X-list and Hits; and will be sponsored by Microsoft’s Xbox 360.

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Online retailers see importance of product information

The American Express Retail Monitor has found that, as shoppers become more clued up about the products they are buying, retailers have realised the importance of providing product information.

The survey found that 85% of retailers view the provision of product information as a key factor in attracting the kind of consumers who now demand comprehensive product information before making a purchase.

All of which sounds a lot like common sense, yet we all know that many etail sites still fail in this area.

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Le Web 3: Israeli PM beckons startups for peace

Israeli vice premier Shimon Peres has told a gathering of internet entrepreneurs they can help bring peace to the Middle East using capitalism and innovation.

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Shopping Comparison sites facing major challenges

The comparison engines sector has enjoyed strong growth in recent years, buoyed by sharp increases in the number of web users and the level of online researching before purchase.

However, to maintain their level of progress, it is clear that shopping comparison sites are facing major challenges to keep both consumers and merchants happy.

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VC investment rising to dotcom bubble levels

Research by Ernst & Young has found that the volume of cash invested in venture capital globally has reached the highest levels for four years, which may prompt some folk to talk about dotcom bubbles once again.

Worldwide, VC investment is predicted to top $32 billion, which would make 2006 the highest year for VC investment since 2002, when the global figure was $51.22 billion. In the first three quarters of 2006, $25.39 billion in venture capital was invested.

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Retailer threatens blogger after Google issue

Dean Hunt at Deano’s World blog has received a hilarious / threatening letter from a bemused retailer who doesn’t remotely understand how Google works.

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Le Web 3: Web 2.0 is overcrowded, says Index Ventures

Too many people are starting up Web 2.0 companies, according to the man who has funded the likes of Fon, Last.fm and Spot Runner.

Index Ventures UK partner Danny Rimer told the Le Web 3 conference here in Paris that there is room to innovate but because ideas are so easily replicated, creating an advantage is difficult.

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User Generated Content "Build it and they will come"

2006 has been a great year for 'web 2.0' with the continued rise of blogs, podcasts and social networks becoming more mainstream.

The rise of 'user generated content' has been seen by many companies, brands and marketers as a great opportunity to grow a site from nothing into a world beating website.

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Operative acquires Lemon Traffic

Congratulations to Matthew O’Riordan at Lemon Foundation, which has offloaded subsidiary Lemon Traffic to Operative, the online advertising operations firm.

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