Newly public Internet companies are having a tough time on the stock market this fall, but that hasn't stopped venture capitalists from making some big bets on start-ups. Case in point: investors led by venture firm Andreessen Horowitz have just plowed $40 million into flash-sale website Fab.com Inc. The round values New York-based Fab.com at more than $200 million, people familiar with the matter said. The investment comes just six months after the company decided to ditch its original business plan, running a social network for the gay community, and shift to selling discounted furniture, jewelry and art in 72-hour sales. An $8 million fundraising round in July, shortly after relaunching the site, valued Fab.com at around $25 million, people familiar with the matter said. The difference, Andreessen Horowitz says, is the company's fast growth. In November, Fab.com processed 100,000 orders, double the previous month, and is now averaging $1.4 million in sales a week. Fab.com already claims 1.2 million registered users, and is seeking to reach 4 million members next year.... read more at WSJ.com

Crimson Hexagon joins leading companies such as Twitter, Google, Foursquare and Microsoft on Fast Company's top web innovators list. The magazine recently honored Crimson Hexagon as the number seven top web innovator, citing its revolutionary technology and ability to go beyond traditional social media analysis to provide accurate, insightful social intelligence for corporate brands, financial services, media firms, marketing agencies and many others. Fast Company's editorial team evaluated information on thousands of businesses across the globe to create its World's Most Innovative Companies issue..... read more at Fast Company

CNN Broadcast: Measuring Worldwide Reaction to Arizona Immigration Law. Crimson Hexagon social media monitoring and analysis platform used by CNN to measure reaction to recent Arizona immigration law.... read more at CNN

My Damn Channel today announced a new slate of original programming to mark the company’s third birthday as a producer and distributor of some of the most-watched comedy and music series. Ten new custom channels include branded entertainment deals with Paramount and Adult Swim to promote their summer comedies, Dinner for Schmucks and Childrens Hospital respectively.... read more at My Damn Channel

Apple CEO Steve Jobs announced Friday that Apple would be addressing issues with the iPhone 4's antenna by offering all users free iPhone 4 cases. Here's a look at how people on Twitter are reacting to Apple's actions and the free Bumper Giveaway.... read more at Huffington Post

BT today announced that its corporate voice-communication solution, BT Onevoice, will integrate advanced voice services from BT's open innovation platform Ribbit, bringing feature-rich voice applications to the desktop....

NEW YORK – In the aftermath of the 8.8-magnitude earthquake that struck off the coast of Chile, nonprofit organizations raced to mobilize aid and plan recovery efforts, while also raising resources and funds to support their humanitarian programs in Chile. Mobile Communications and Mobile Fundraising have become critical components to nonprofit outreach programs.... read more at Mobile Commons

Digital Media Wire today unveiled its 2010 "25 Executives to Watch in Digital Entertainment" list, recognizing emerging leaders in the digital media and entertainment industry. The honorees will be profiled online at www.digitalmediainsider.com and will be recognized in a special January feature on the DMWmedia.com website. Digital Media Wire will honor the group at an exclusive reception for industry leaders, members of the press and special guests at the 3rd Annual Digital Media Insider @ CES at the Venetian Hotel in Las Vegas on January 8.... read more at My Damn Channel

NEW YORK (AdAge.com) -- For all the love that marketers show iPhone apps, these micro-utilities and tools actually generate surprisingly little buzz in return.... read more at Crimson Hexagon

AARP Endorses the House Health Care Bill and turns to Mobile Commons to Drive Calls to Congress. While we can't take all the credit for the bill passing, we are proud to be the choice for so many organizations - including the AARP - to drive their grass roots advocacy for so this historic bill. AARP members who were signed up to receive mobile alerts through Mobile Commons received a text Friday morning asking them to call their Congressional representatives.... read more at Mobile Commons

AMD (NYSE: AMD) and Pixelux Entertainment announced a joint development agreement that is part of the AMD effort to greatly expand the use of real-time physics with graphics through the open source Bullet Physics engine. By encouraging development of physics middleware built around OpenCL™ and Bullet Physics, AMD and Pixelux offer a route toward physics simulation that spans game consoles, PCs and other hardware platforms... read more at Pixelux

Based in Mountain View, California, Ribbit - "Silicon Valley's First Phone Company" - provides an open platform which enables developers to create new and innovative voice applications and services by combining telephony and internet technologies in new ways.... read more at Ribbit