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Freshly Minted

Freshly Minted

People Are Finally Getting Sick of Candy Crush, King Digital’s Stock Price Starts Plummeting

Tommy Palm, the public face of Candy Crush and King Digital. (Photo via GDC 2013)

Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week and tell you what you need to know and why it matters.

The deal(ish): King Digital’s quarterly report shows the people are losing interest in Candy Crush, and stock prices fell 23 percent.

Investors are trend-chasers, and in tech, those trends move particularly quickly. But when it comes being a slave to fast-moving fads, gaming companies put the rest of the tech business to shame. Read More

Freshly Minted

Why’d Apple Buy Beats and Booklamp? Probably to Build a Massive Subscription Platform

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Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week and tell you what you need to know and why it matters.

The deal: Apple acquired book analysis startup Booklamp for an alleged $10 to $15 million, likely to begin work building a book subscription platform, or something much bigger.

Apple is always stark and shady when it comes to their acquisitions. They’ve bought a number of under-the-radar startups, and when asked why, they offer up the same response:

“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” Read More

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Freshly Minted: Kim Kardashian’s App Might Not Live Up to Stock Hype

Some traders have already begun shorting the stock, ie: making bets that the price of Glu shares will plummet. Their expression is pictured above. (via Imgur)

Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week and tell you what you need to know and why it matters.

The deal(ish): The hype around the new Kim Kardashian game is causing sudden spike stock price for the game developer, setting stockholders up for a nasty surprise.

We’re not in a tech bubble. We’re just not, and anybody with a decent understanding of market economics can see it pretty clearly. But that doesn’t mean that hype can’t get the best of the market, and set investors up for some pretty public disasters.

The latest impending disaster waiting to happen starts with, of all people, Kim Kardashian. Read More

Freshly Minted

Freshly Minted: Mysterious Encryption Startup Wickr Nabs $30B and Jim Breyer Endorsement

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Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.

This week’s deal: Secure messaging app Wickr closed a $30 million Series B to build a social network with NSA-level encryption.

If the naysayers are to believed, privacy is dead, and no one cares whether or not Facebook, Twitter and Google are collecting our personal data and selling it to marketers. Wickr, on the other hand, is an app for people who haven’t given up the fight to keep their correspondence private. And it’s growing rapidly. Read More

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Freshly Minted: Solar Roadways Will Almost Definitely Not Happen

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Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.

The deal: Solar Roadways, an experimental project to replace every road in the country with light-up solar panels, has raised $1.6 million in funding in the past six weeks.

Solar Roadways has clearly captured the imagination of its backer community, as well as a slew of mainstream media coverage. Since April 21, the crowdfunding campaign has raised $1.6 million to start manufacturing and testing the panels at a larger scale, and has set an Indigogo record for the most individual backers on a single project, at over 35,000.

It’s also impractical, expensive and, as the editors of Equities put it, “really silly.” While the project might make its backers feel like they’re helping contribute to a greener society, there’s no way Read More

Freshly Minted

Freshly Minted: For This Book Subscription Platform, The Publishing World Is Their Oyster

As reading habits shift over to digital, subscription models are poised to seize a huge portion of the ebook market. (via Getty)

Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.

This week’s deal: Oyster, the Netflix for books, signed a deal with Simon & Schuster that will give Oyster subscribers access to Simon & Schuster’s entire backlist.

Oyster, a service that charges $10 a month for all-you-can-read access to a library of half a million books, just added heavyweight Simon & Schuster to their list of publishers. That makes two of the Big Five companies that dominate the publishing game, and if Oyster can sign on the remaining three publishers, they could take their place among companies like Spotify and Netflix as one of the great subscription titans of the decade. Read More

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Freshly Minted: This Unsung VC Fund Anoints Tech’s Biggest Players in China in the U.S.

China's internet lifestyle is mostly lived on mobile, and that market is projected to be three times what the US could ever match, Mr. Richards told Betabeat. (Photo via Getty)

Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.

This week’s deal: GGV Capital, a V.C. firm that focuses on tech companies in the U.S. and China, has raised their fifth fund at $620 million.

The Chinese tech world is like a parallel universe — the Chinese have their own social networks, ecommerce platforms, gaming empires and mobile chat clients. But GGV Capital has had a hand in both worlds for over 10 years, and now that the two markets are colliding, they stand poised as a major power broker between the Chinese and American tech worlds. Read More