It’s been a big week for YouTube news. On Wednesday, the company launched a new HTML5-based mobile site, as well as the slick-looking YouTube Leanback. Today, during a keynote at VidCon, the site made a few more announcements: YouTube is adding support for video shot in the 4K video format — a very high resolution that clocks in at 4096 x 3072). And it’s also creating a new $5 million Partner Grants pro...

AOL reported another lousy quarter this morning. Even ignoring the $1.4 billion goodwill charge, revenues were down 26 percent and cash from continuing operations was down 44 percent (as was free cash flow). What we are seeing is a very messy transition as AOL shifts multiple lanes from an online subscription business to an advertising one, and at the same time to a new online content production model. AOL CEO...

It’s official. Google has acquired Like.com. In a post on Like.com’s homepage, the company’s CEO and Founder Munjal Shah writes that the visual search engine has been bought by Google. We originally reported the acquisition last weekend. While terms of the deal were not disclosed, we’ve heard it’s valued at upwards of $100 million. Shah’s message doesn’t really give us any...

runMobileCompatibilityScript('myExperience111268261001'); This morning, we covered the debut of 1000Memories, a Y Combinator backed startup that helps family and friends memorialize loved ones online. The company was started by three friends, Brett Huneycutt and Jonathan Good, formerly of Mckinsey, and Rudy Adler, a former employee of ad agency Wieden + Kennedy....

Energy storage system producer 24M Technologies spun out of lithium-ion battery maker A123 Systems today to become a separate venture. The company raised a $10 million Series A funding round from Charles River Ventures and North Bridge Venture Partners. The company raised an additional $6 million in a grant from the Department of Energy‘s Advanced Research Projects Agency – Energy (ARPA-E). The funding will h...