China mobile has seen a drop in profits YoY for the second quarter of 2009. It has also failed in its attempt to proliferate 3G in the country. Net Income : Yuan 30.1 billion (down from Yuan 30.6 billion) Subscribers : 500 million (15.96 million in the last quarter) Number of 3G subscribers : 1 [...]

Facebook has acquired Friendfeed and that’s known. Here are the details about the deal: Value of Friendfeed : $50 million Amount paid in cash : $15 million Amount paid in stocks : $32.5 million Friendfeed has an early investor in Benchmark Capital who put in $5 million and they are likely to take the cash.