A Maveron-led second funding round of $3.3 million has recently been raised by Kwedit - the new, ground-breaking 'alternate payment product,' which is akin to a credit system, for purchasing social games and other 'virtual' goods.

People Magazine reported that “Bachelor” star, Jason Mesnick and former contestant, Molly Malaney have decided to be together. The ceremony and reception will be covered in a two-hour TV special, “The Bachelor: Jason and Molly’s Wedding”, which will go on air Monday, March 8, on ABC.

After a gap of three years, the NASA-sponsored 'Space Elevator Games' competition - for developing the science fiction space elevator concept - has a winner this year! The $900,000 prize was won by the Seattle-based LaserMotive team for its laser-powered robotic machine that raced up over 900 meters of cable hanging from a helicopter.

In what can be seen as Amazon's response to Barnes & Noble's recently-announced $259-priced 'Nook' e-reader, the Kindle-maker has slashed $20 off its new $279 international version of the e-reader; and is issuing $20 rebates to those who have already paid $279 for the device.

People apprehensive about used-book and CD stores becoming obsolete have a reason to cheer, as a Seattle judge ruled against Autodesk in resale case; thereby favoring the plaintiff, Timothy Vernor, who argued that he had right to sell second-hand software!

A number of news site Thursday carried reports of Amazon's decision to pay $150,000 to settle two lawsuits pertaining to its July removal of George Orwell's novels "1984" and "Animal Farm" from its Kindle e-reader.

In a recent court document filed in federal court in Manhattan, the online retail bigwig Amazon.com reiterated that the Google Books settlement would lead to the “perpetual exploitation of millions of copyrighted works,” and that the contentious issue of establishing rules for digitized books should be the Congress’ dispensation, not Google’s.

The proposed $20 million acquisition of "social music discovery service" iLike though may not bring about a sudden turnaround in the fortunes of the struggling social networking service MySpace, but would likely do the small players in the music industry a world of good!

Mobile communications are in for a 'big time' change in the times to come - what with Verizon Wireless completing the initial testing of its 4G wireless service on Friday in Boston and Seattle! Verizon's latest initiative is based on its 'Long Term Evolution' (LTE) network, which marks a full-fledged IP-based mobile communications' experience.

Though a full trial on the copyright violation case against RealNetworks Inc has been pended, the US District Court Judge Marilyn Patel has issued a preliminary injunction blocking the sale of RealNetworks’ controversial DVD-copying technology, RealDVD.