Mobile Travel Technologies, a startup out of Ireland that is looking to be the mobile platform for the travel industry, has raised $5 million in funding. According to TechCrunch, the funding comes from DFJ Esprit.
Want to know who’s cashing-in on Alibaba’s IPO? Well, Yahoo has sold off almost $9 billion worth of its stock in Alibaba, founder Jack Ma has sold off $867 million, and its largest shareholder, SoftBank, has sold off $0, according to a report from Bloomberg Businessweek.
After announcing earlier this month that it was shutting down due to threats from Twitter over a federal trademark application, Twitpic just announced it’s been acquired by a mystery buyer. We’ve chronicled the long, strange (anti-)demise of Twitpic here, here, and here.
“Larry Ellison, the billionaire founder of the business software giant Oracle, said he intends to step down as CEO of the company today and will hand over his duties to president Mark Hurd and Safra Katz, president and CFO who will serve as co-CEO.” – Re/Code
The Federal Trade Commission has introduced a new rule for online retailers that will require them to either ship an item without delay or offer the buyer a full refund, the Hill reports. The rule will become effective on December 8. [Source: The Hill]