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MediaLab acquires messaging app Kik, expanding its app portfolio

TechCrunch LA

. “Whether it be a passion for an obscure manga or your favorite football team, Kik has shown an incredible ability to provide a platform for new friendships to be forged through your mobile phone.” In acquiring Kik, the holding company is expanding its mobile app portfolio. Heyward did not respond to a request for comment.

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Poshmark Picks Up $87.5M to Power the Social, Digital Wardrobe

Xconomy

Poshmark , a social media e-retail company, has raised $87.5 million in a Series D investment round led by Singapore sovereign wealth fund Temasek. That brings the total funding raised by the Redwood City, CA-based company to $160 million.

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Professor Journal. Student Journal. There is a feeling that techies are the new celebrities," says Eric Kuhn, an agent who heads the social-media department at United Talent Agency. Mark Holtzman for The Wall Street Journal. Mark Holtzman for The Wall Street Journal). MarketWatch. MarketWatch. SmartMoney.

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Best Reads for Casual Friday: Big Tech Businesses Gets Political

Xconomy

You’ve made it to Friday. Time to curl up in your cubicle, pop open one of these in-depth, entertaining reads, and catch up on some of what you missed during a busy week. This week we’re taking a look at all the political stories that are coming out of the tech world.

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10 Reasons For Joining The New Startup Wave Now

Startup Professionals Musings

An unprecedented number of startups, over 100 at last count, are now valued above $1 billion, according to a recent Wall Street Journal article. I can remember when creating a web site for eCommerce could easily require a million dollar investment. Social media is a boon for entrepreneurs and startups.

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