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ExclusiveNew funding for Foursquare

News Mark -

Location-based social network Foursquare has just raised raised $50 million in new funding, with much of the money coming from its current investors.

It says the money will help it hire more engineers, develop its services for merchants, expand into new countries and "try a ton of new things".

ExclusiveNew mobile payment mechanism launches... and I don't get it

Opinion Mark -

Mark Bridge writes:

Let's talk mobile payments for a moment. Not using your 'mobile wallet' in shops but simply purchasing something online. Opening your phone's web browser and placing an order. Opening an app and buying an upgraded zombie-killing mega-gun. That kind of thing.

ExclusiveThis week at The Fonecast: 25th June 2011

Opinion Mark -

Mark Bridge writes:

There's been a bit of a location-based theme in the mobile industry this week.

Hardly surprising, with a new report from Pyramid Research saying location-based advertising is becoming increasingly popular – and NAVTEQ revealing that most consumers are happy receiving promotional offers in exchange for free location-related content.

ExclusiveResearch suggests Android devices are least reliable smartphones

News Mark -

WDS, which handles technical support for a number of mobile operators worldwide, is warning that varying hardware quality levels can cause problems for networks offering low-cost Android devices.

The open-source operating system offers more freedom than Windows Phone 7, which sets minimum hardware requirements, or Apple and RIM's in-house products.

ExclusiveOpera co-founder to quit next week

News Mark -

Jon S von Tetzchner, who co-founded browser company Opera Software and led the company until last year, is leaving on 30th June.

Lars Boilesen, the current CEO of Opera Software, said "We are very proud of Jon, and of course of the company. We are aiming at 500 million users by 2013, and we have a very positive flow right now."

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