Street Fight Daily: JRC Declares Bankruptcy, OpenTable’s Reviews
A roundup of today’s big stories in hyperlocal content, commerce, and technology.
Journal Register Co. Declares Bankruptcy… Again: Is This the Industry’s First Real Reboot? (Neiman Journalism Lab)
JRC’s second bankruptcy in barely three years will be give it as close to a clean start as any newspaper company has gotten. Now, all John Paton has to do is deliver.
OpenTable’s Hidden Stash of Restaurant Reviews (Venture Beat)
Restaurant reservations service OpenTable announced today that it has collected more than 15 million reviews since it started a little less than four years ago. On the surface, that is about on par with business review site Yelp, which has collected 30 million reviews in about 8 years, but dive a little deeper and it seems that OpenTable seems to be doing a lot better.
Hyperlocal & Mobile Data Demystified (Media Post)
Today, thanks to the proliferation of smartphones and a maturing mobile marketplace, advertisers can reach consumers with a level of location granularity that enables a new form of storytelling. These types of campaigns are now real, but understanding the nuances of location data and the privacy implications are key to running a successful campaign.
Zillow Steals Facebook’s Secondary Offering Thunder, Files to Raise More than $120 Million (Pando Daily)
A year after its July 2011 IPO, real estate information marketplace Zillow’s stock is up to $42 from its offering price of $20 and today filed a prospectus to raise in the neighborhood of $120 million through a secondary offering. Zillow has seen its stock rise 110 percent since its IPO and management continues to deliver record quarters — who knew that this was the key to rising share prices?
Nokia’s City Lens Hopes to Make Augmented Reality Mainstream (Mashable)
At its Windows Phone 8 event in New York City, Nokia not only showed off its flagship Lumia 920, it also showed off some of Nokia’s unique Windows Phone apps and features, including its new PureView Camera and Nokia City Lens technologies. Nokia’s City Lens is an augmented reality (AR) application that allows users to find things to do — and get more information about a location — simply by pointing their phone’s camera at a location.
Bad News for an Already Troubled Groupon: Another Pair of CityDeal Co-founders Quit (The Next Web)
German blogs Gruenderszene and VentureVillage are reporting that the co-founders of CityDeal, the Samwer-backed European clone that was acquired by Groupon in 2010, have decided to depart the company. Groupon MD Thorsten Schröppe and Sebastian Schmidt have quit Groupon, joining the other two CityDeal co-founders Daniel P. Glasner and Philipp Magin in jumping the sinking ship.