Articles

iProperty Group reports record collections

Malaysian company, IProperty Group (ASX:IPP), reported record collections of almost $7.5 million its annual shareholders report released this week for the first quarter of 2015. The company also reported positive quarterly cash flow and an excellent growth trajectory for the remainder of the year, according to the Finance News Network. Collections, which is marked when cash is actually received,...

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One Africa Media acquires 100% of Jobberman

One Africa Media (OAM) pushed up its ownership share in Jobberman, Nigeria’s No. 1 recruitment website, to 100 percent and made the founders of Jobberman, Ayodeji Adewunmi, Opeyemi Awoyemi and Olalekan Olude, shareholders in and directors of OAM. This comes after Australian-based Seek – the world’s largest online marketplace by market capitalization – injected an additional $10 million...

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Seek Limited invests $10m in Babajob

Indian blue-collar job portal Babajob.com announced this week it has raised a $10 million investment from Seek Limited (ASX:SEK), the world’s largest online employment marketplace. The funding will focus on developing mobile apps and improving Babajob’s telephony services such as ‘RapidHire’, which drives inbound phone calls from screened candidates to employers in minutes. The financial...

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LinkedIn stock plunges on Q2 outlook

LinkedIn is less of a Wall Street darling today: Its stock value (NYSE:LNKD) dropped more than 20 percent between yesterday’s close and today’s opening on news that it expected choppy waters in Q2. By mid-day, LinkedIn shares were trading at about $200, down almost $52 from Thursday’s close. Revenue for Q1 was $637.7 million (34.8 percent better than Q1 2014) which beat...

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Former Move exec joins Demand Media as CFO

Rachel Glaser, who most recently was chief financial officer at Move Inc., parent of Realtor.com, has joined Demand Media as CFO, the company announced. Demand Media owns such titles as eHow, Livestrong.com and humor magazine Cracked. It also produces lifestyle niche sites. At Move, Glaser helped the company in its transition from a publicly traded entity to its sale to News Corporation. Prior...

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Suitey now TripleMint, gets $1.65 mil

New York City-focused real estate startup Suitey has rebranded itself as TripleMint, landing $1.65 million seed funding in the process.  The eight investors include Beepi executive chair Fabrice Grinda, Dominion Capital and Entrepreneurs Roundtable Accelerator. With the name change, site services expand beyond real estate and rental search, to include a discounted concierge moving...

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