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May 2011

Airbnb, the Un-Hotel Reservation Site, Valued at $1 Billion

Airbnb, the Un-Hotel Reservation Site, Valued at $1 Billion thumbnail

Airbnb (short for Airbed and Breakfast), a marketplace for travel room and apartment rentals is raising $100 million at a valuation of $1 billion. That’s quite some airbed.


Prostitute Perks Are Par for the Course In the German Business World

Prostitute Perks Are Par for the Course In the German Business World thumbnail

As much of the US enjoys the last part of a 3-day weekend, you may be enjoying a burger and beer, happy for the perk of days off on holidays. Perhaps you’re creative with your vacation time and decided to use an off day on Tuesday to really extend things, and that’s normally how workplace perks in the US unfold. In Germany, it’s possible you could have gotten a company sponsored companion to perk up your weekend in a completely different way.


Lawmaker ‘Gets’ the Internet, Kills Overreaching Bill

Lawmaker ‘Gets’ the Internet, Kills Overreaching Bill thumbnail

A lawmaker who understands how the Internet works? Yes, apparently one does exist. His name is Senator Ron Wyden (D-Oregon) and this week he stopped the Internet ‘Death Penalty’ bill (official name: PROTECT IP ACT) from reaching the floor of the Senate for consideration.


$1000 Teeth Wrapped Around Your Finger: If Everyone Jumped

$1000 Teeth Wrapped Around Your Finger: If Everyone Jumped thumbnail

And we were weirded out by the jewelry that looks like little human bones. If gold and silver vertebrae don’t satisfy your fascination with kinda creepy accessories, you can now sink your teeth into a piece of jewelry with real bite. We’re not kidding – it’s a ring made of actual human teeth. Or, a necklace with human hair thrown in if you’re not sure about rings, but absolutely want in on some toothy adornments.


Food Trucks Help Drive Mobile Payments

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Food trucks are catching on in many cities around the country, and their growing popularity may provide a boost to the mobile payment industry as well.


Michelle Obama and (Duchess) Kate Middleton Meet! Fashion World Does Not End

Michelle Obama and (Duchess) Kate Middleton Meet! Fashion World Does Not End thumbnail

OMG! The First Lady and Kate Middleton (the Duchess of Cambridge, if we’re using her proper title) were in the same room! Wearing clothes! Now we know why the Rapture was postponed.


Princess Beatrice’s Royal Wedding Hat, Anja Rubik’s Diamond Shoes Bring In the Big Bucks At Fashion Auctions

Princess Beatrice’s Royal Wedding Hat, Anja Rubik’s Diamond Shoes Bring In the Big Bucks At Fashion Auctions thumbnail

From top to bottom, this was a big weekend for fashion auctions. Princess Beatrice’s infamous Phillip Treacy royal wedding hat, was sold on eBay for more than £81,000 and a Giuseppe Zanotti and Chopard shoe collaboration modeled by Anja Rubik fetched £125,000 (approximately $201,000).


Jimmy Choo Acquired By Labelux for More Than $800 Million

Jimmy Choo Acquired By Labelux for More Than $800 Million thumbnail

AAfter months of speculation as to who might acquire the 15-year-old luxury shoe and accessory label, Jimmy Choo has been acquired by Labelux for £500 million (approximately $806 million at current exchange rates).


RenRen Who?: LinkedIn LNKD Shares Skyrocket 140% On IPO

RenRen Who?: LinkedIn LNKD Shares Skyrocket 140% On IPO thumbnail

LinkedIn began trading under the LNKD ticker symbol on the New York Stock Exchange today, pricing its IPO at $45 per share – the high end of the range expected by investors. That would have given the company a $4.5 billion market cap on $243 million in net revenue in 2010, but that’s not where the price has settled. Jumping as much as 173% above that $45 share price, the stock is currently trading north of $106 and has gone as high as $122.70 today.


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