Mobile

While boxer Floyd Mayweather is gearing up for the "fight of the century," one of his business investments is also packing a punch. Shots, the selfie app, is gaining traction amongst teens and growing fast.

The price of a permit to drive a taxicab or a "medallion" is dropping like a stone. Medallion prices in Boston are down 50% as of last week and are down nearly 40% in New York City from record levels.  

IPhone users in Russia and New Zealand may have come across Facebook’s new app on Monday. The social media giant’s answer to Snapchat, called Slingshot, was released in select markets by mistake.

AppDynamics, the mobile application intelligence company, has raised $120 million in equity  and debt financing at greater than a billion-dollar valuation, it was announced Tuesday.

True Ventures, an early-stage  venture firm, has closed a $290 million fund. This is the fourth fund for the firm, having raised almost $900 million since 2005.  

In an effort to improve its map service, Apple has acquired Spotsetter, according to a report from TechCrunch.

Microsoft will cut 7,800 jobs and take a $7.6 billion impairment charge to restructure its flagging phone hardware business.

Once in Silicon Valley's shadow, the LA tech community is home to some of the most valuable startups...but can it rise to become THE startup capital?

The second quarter of this year saw the most U.S. venture funding since the dotcom boom days, according to data from Thomson Reuters and the National Venture Capital Association.

Urban Compass, a New York-based real estate site which matches buyers with brokers, has raised $40 million in venture financing, as it looks to expand to new regions.

Chinese e-commerce giant Alibaba may be looking to invest in photo messaging app Snapchat at a $10 billion valuation, according to a report by Bloomberg.

Uber, the startup known for its on-demand car service, raised $1.2 billion at an eye-popping $17 billion valuation, meaning its market cap trumps many S&P 500 components.

The drones are coming.

The drones are coming.

Yelp reported a 61% increase from the same period last year with $89 million in revenue for the 2Q, beating analysts' estimates of $86 million.

EMarketer expects mobile-ad spending to soar 83% in 2014 to nearly $18 billion. But BlueRun Ventures’ Operating Partner Cheryl Cheng says don’t expect mobile advertising spend to surpass television in the near future.

Uber will probably be worth its ginormous valuation someday, but it might be in for a rough ride between now and then. 

Gett CEO Shahar Waiser talks to FOXBusiness.com about how they became Uber's biggest global competitor and their outlook for expansion plans in the U.S.

Wells Fargo is the latest in big corporations intent on mentoring startups and aiding them with resources to fuel growth...on both sides of the equation.

The secret sauce for turning around Twitter may lie among the world’s most inconspicuous small businesses.