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Posted at 8:37 AM ET, 01/14/2011

The Circuit: Groupon reportedly worth $15 billion, Intel has strong 4Q, The Daily delayed

By Hayley Tsukayama

LEADING THE DAY: Dealbook reported Thursday that the coupon site Groupon is working on plans for an initial public offering and might have a valuation of $15 billion. The company recently finished a round of funding that garnered nearly $1 billion and is reportedly planning on debuting sometime in the spring.


Intel earnings up in fourth quarter:
According to the AP, Intel reported a 48 percent jump in fourth-quarter earnings, sending its shares up 2 percent on Thursday. The AP reported that strong corporate spending helped the company, which faces stiff competition in the chip manufacturing business from rival ARM.

Intel CEO Paul Otellini said he is not worried about longtime partner Microsoft's decision to have the next version of Windows run on ARM chips. (Engadget has quotes from the company's earnings call.)


The Daily launch delayed:
Rupert Murdoch and Steve Jobs were reportedly planning on debuting their iPad daily newspaper on Jan. 19, but the Wall Street Journal (which is owned by Murdoch's News Corp.) reported that the launch will be delayed to work out "kinks in the subscription platform." A person familiar with the matter told the newspaper the delay will be "weeks, not months."

Over at Poynter, they've done some digging into the the source code of TheDaily.com and found what could be an ad for the new venture. The code also yielded some clues about some functions the new site could have, including standard social media sharing tools and embedded video. What isn't clear, Poynter noted, is how the site will interact with the tablet newspaper app itself.

Caroline Kennedy kicks off digital JFK library: On Thursday, Caroline Kennedy unveiled a digital version of her father President John F. Kennedy's presidential archive, which is now available at www.jfklibrary.org. According to the press release, the Web site has approximately 200,000 pages, 300 reels of audio tape, 300 museum artifacts, 72 reels of film and 1,500 photos.

CityVille has 100 million users: The popular Facebook game CityVille has reached 100 million monthly active users, according to its statistics page. Mashable first reported the milestone and said it took CityVille less than a month to surpass Zynga's other superstar game, FarmVille, and reminds us that Cityville only took 40 days to reach 100 million users.

By Hayley Tsukayama  | January 14, 2011; 8:37 AM ET
Categories:  Apple, Facebook, Gaming, Microsoft, Social media  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: OKCupid online dating service tweaks privacy controls
Next: Apple's Steve Jobs takes medical leave, remains CEO

Comments

$15 billion? For what? It's not like Groupon has any real assets or IP. At this point all it has is its subscriber base and brand recognition. All that goes away if something shinier comes along. Ask MySpace how that worked out for them?

Posted by: MStreet1 | January 14, 2011 9:28 AM | Report abuse

Groupon is doomed. It's basically, to me, an online/mobile version of Valpak with horrible deals that people really don't need. Consumers will wise up sooner rather than later and, post-IPO, Groupon could be in real trouble.

http://mankabros.com/onmedea/2011/01/the_trouble_with_groupon.html

Posted by: jill_kennedy | January 14, 2011 1:26 PM | Report abuse

A company that produces NOTHING at all is worth 15 billion dollars!!

No wonder our economy is not growing ........ we forgot what it means to produce new wealth really means.


Posted by: bkarpus | January 15, 2011 5:47 AM | Report abuse

That's a surprising number.

http://bit.ly/dI3hcF

Posted by: fakedude1 | January 16, 2011 1:36 PM | Report abuse

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