News is best fresh. Here’s a selection of top stories handpicked by us from tech hubs around the world and served up daily next to our own original content. Enjoy!
Facebook, banks sued over pre-IPO analyst calls
Facebook’s $16 billion IPO seems to be going bad to worse. Reuters reports Facebook’s shareholders are suing the social network giant, including its CEO Mark Zuckerberg, and banks including Morgan Stanley for hiding weakened growth forecasts ahead of the IPO.
For related reading, check out: CEO salary, online buzz, and active users: How Facebook compares to prior tech IPOs
Maschmeyer invests in Berlin-based “iTunes for China”
The man behind German financial services giant AWD has stumped up a seven-figure sum through his investment company ALSTIN to help Berlin-based 88tc88 exploit the huge untapped market to the east. Read more on Silicon Allee
Related reading: Maschmeyer last month invested €2.7 million in Berlin hospo tech startup Orderbird.
Niklas Zennström’s Atomico takes €110 million stake in Klarna
Last we heard, pay-on-delivery provider Klarna swept GP Bullhound’s 2012 awards for Europe’s fastest growing tech companies (check out Klarna CEO Sebastian Siematkowski’s words of wisdom). Now, Atomico, led by Skype co-founder Niklas Zennström, has purchased 20 per cent of the shares held by previous owner Anralk Holding – worth a cool €110 million and increasing Klarna’s valuation by 23 per cent. Read more on Arctic Startups
Doubling in size leaves Delivery Hero hungry for more
Delivery Hero, which trades under the name Lieferheld at home in Germany and Delivery Hero across the rest of Europe, grew 84 percent in Q1 2012 and is now the market-leading online service for take-out in Germany, Poland, Austria, Switzerland and Finland.
It’s now targeting a suite of new markets – but is the timing right to pull off global market leadership? Read more on GigaOM