Today, the Department of Justice laid out their allegations of Apple's e-book price-fixing operation before a U.S. District Court in Manhattan. The DOJ maintains that Apple was a key player in influencing competing e-book publishers to alter their pricing model, fundamentally changing the entire industry price system. Brian Chen and Julie Bosman explain the allegations in
this New York Times article.
Funding News
According to VentureBeat,
Mithril Capital Management, a late-stage venture firm operated by
PayPal co-founder Peter Thiel, may be close to boldly-investing where no
VC firm has invested before - space.
The backpacker in me loves that BusBud, a mobile app seeking to connect bus routes around the world,
completed their $1M funding round earlier this week. The company hopes to eventually allow users to book bus tickets directly from the app, instead of just pointing users to the respective bus company website.
AppLift, a mobile games marketing platform from Berlin-based HitFox Group's incubator, is just 10 months old, but already has reached profitability. To add to its success, it
raised $13 million yesterday to invest in optimizing traffic quality and hiring additional talent.
Closer to home, Gainesville-based Fracture, a company that creates on-demand durable glass prints of digital pictures,
raised an additional $500k on top of its previous $1.5 million in funding.
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