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2012-06-13 09:40:05

European venture firm Balderton Capital is dumping its 13% stake in social gaming company Sulake, creator of the popular online teen game Habbo, over revelations of "explicitly sexual interactions" among players on the site. Balderton had been an investor in Sulake for the past eight years, and was its second largest shareholder.  The venture capital firm said it was also resigning from Sulake´s board of directors. “We didn´t take this decision lightly, as we have...

2011-04-01 00:11:01

Sulake's 2010 Revenue Increases More Than 20% Over the Previous Year Helsinki, Finland (PRWEB) March 31, 2011 Sulake, the parent company of Habbo Hotel, the world's largest social game and online community for teenagers, today announced the best annual financial results in the company's history. During fiscal year 2010, Sulake's revenue was up more than 20 percent over 2009, resulting in sales of &eur;56.2 million ($78.7 million). Sulake's EBITDA in 2010 totaled &eur;5.4 million ($7.6...

2010-12-21 00:01:51

More than 61K Teen Users Worldwide Respond to Questions about Family, Gifts and Charitable Donations Los Angeles, CA (PRWEB) December 20, 2010 Habbo Hotel (http://www.habbo.com), the world's largest virtual community and social game for teenagers, today released results of its latest Habbometer survey. More than 61,600 Habbos around the world participated in the poll, conducted in late November, which asked users how they are celebrating the holidays. The findings provide interesting...

2010-10-22 00:00:39

The First Worldwide Poll Asks Users About Experiences with Music Los Angeles, CA (PRWEB) October 21, 2010 Habbo Hotel (http://www.habbo.com), the world's largest virtual community and social game for teenagers, today introduced the Habbometer, a new regular source of information on teens worldwide. Every month the site will run a short poll of Habbos to find out what teenagers around the globe think is hot, and what they think is not. Details from the first survey asked users about how they...

2010-06-15 08:13:00

HELSINKI, TALLINN, Estonia and STOCKHOLM, June 15, 2010 /PRNewswire/ -- The European Tech Tour today announced the 30 selected companies of the Nordic Tech Tour 2010. The finalists represent the region's most promising, high-growth, early- and expansion-stage technology companies. The 30 companies - all of them based or incubated in Denmark, Sweden, Finland, Norway, Iceland and Baltic countries - were chosen from a pool of over 500 companies. The selection was based on detailed...

2010-02-02 09:00:00

LOS ANGELES, Feb. 2 /PRNewswire/ -- Digital Media Wire today announced the formation of its first advisory board, consisting of eight senior industry leaders representing an impressive mix of entertainment and technology executives, strategic consultants and investment advisors focused on the digital media industry. (Logo: http://www.newscom.com/cgi-bin/prnh/20090319/LA86400LOGO) "I'm thrilled to have such a first-rate group on this advisory board. DMW is going through an exciting...

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2009-02-10 15:30:03

The European Commission said on Tuesday that it had brokered agreement among seventeen Internet companies to implement measures to protect children in Europe from abuse on social networking sites. The firms, which include MySpace and Facebook, agreed to put a "report abuse" button on their sites, which would allow users under 18 years of age to report inappropriate conduct or contact. "With one click, you can easily harass someone, intimidate someone, particularly if they are under 18 years...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.