Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

Facebook surprised with its first acquisition in Israel today, with the announcement that it is buying Israeli startup Snaptu (previously known as Moblica) for an estimated $60-70 million. Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds

The Gifts Project leverages the social graph for real gift giving

The Gifts Project takes the concept of social shopping and applies it specifically to group gifting. Via a Facebook application, the service allows users to identify gifts that they would like to give/receive to/from friends for a particular occasion (e.g. birthday, anniversary), and then allows users to select up to 20 friends to contribute to the gift purchase.

Did you Get Your Facebook Vanity URL?

The facebook land rush is on and boy it’s intense. Starting today, June 13, Facebook allows users to claim their username to appear in the web address of their profile page. For example: You must pick a name that is at least 5 characters long, and once you pick one, you cannot change it (for …

MySpace Opens its Developer Platform – What will be the impact?

Trailing after Facebook, MySpace will announce the launch of its Developer platform today, by opening the MySpace Developer Site to app creators around the world. Applications will be available to the users one month from today. This move could level the application development arena, given the fact that MySpace is the largest social network with over 300 million registered …

The Next-Israeli “Killer Application for Facebook” Challenge

How can you get a few dozen ideas for facebook apps for the price of an iPhone? announce a competition, of course. And that’s exactly what Unicell Inc did. Unicell is a cell content provider with some leverage created by several deals with Israeli mobile carriers. The Israel based company was founded in 2001 by …

Clip Djour: Yet Another Web 2.0 Video (or ‘Are we in a bubble?’)

For those who are caught up in the constant debate of bubble vs. no bubble, here’s yet another web 2.0 video sent to me by a friend in the media PR business. Facebook valuation is $15 Billion and Ford Motors is valuated at $13.1. So you tell me: are we in a bubble or not? …

The New Million Dollar Page (wannabe) and How I Saved an Alien

It’s silly, but what if this crazy idea worked? Save an Alien, an Israeli Facebook app hopes to create the “million dollar page” effect through an extra terrestrial plot. If 10M people adopt an alien each, the cute aliens will be saved from imminent death and this Israeli start up will have 10M subscribers- not …

TGIF – Friday Wrap Up and Weekly News

This week was full of tech news that deserve some VC Cafe attention. Here’s a short recap on the headlines that didn’t get their own post:Payoneer raises $3M from Greylock partners Payoneer markets manages and services prepaid MasterCard cards together with the Royal Bank of Scotland and the First Bank of Delaware. Anyone 13 years …

Dapper launches AppMaker – Mass Production of Facebook Apps

If you build it, they will come. Israeli based Dapper, a widget creation site has announced the launch of AppMaker – a tool that converts any Dapper feed (Dapp), into a fully independent Facebook app. If you are not familiar with Dapper, I recommend checking out the video demo here. This could be a huge …

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