UK shopping and comparison website mySupermarket has closed a $7.4m round led by Greylock Partners and Pitango Venture Capital and angel investors.

With the release of The Social Network this week, retelling the story of Facebook, Experian Hitwise looks at just how popular the world’s biggest social networking site really is.

Experts at security testing specialist NGS Secure, a NCC Group company, have warned users of location-based social networking applications such as Foursquare, and the recently launched Facebook Places, that fraudsters can use their location updates to engineer theft.

LoveFilm is set to let its subscribers watch films onlinve via their PS3 consoles from next month.

The most downloaded mobile apps by sector in the UK, among those who reported downloading an app during August 2010.

The Internet Advertising Bureau has partnered with online video and live broadcasting specialist Indigo Papa to launch IAB Player – a B2B video platform designed to drive further education within the media industry and celebrate the breadth of the online portfolio.

Google has launched a new ‘Price Index’ tool, which will be based on the cost of goods sold online and could use real-time search data to forecast official figures.

AOL is set to launch an online-only video series starring comedian Harry Hill, as the online media giant looks to boost its profile.

Auto Trader has launched a new advertising report that allows its trade customers to calculate their return on investment on adverts placed with Autotrader.co.uk.

European consumers are more frustrated by online customer service than they were a year ago, according to the results of the latest online shopping study conducted by ATG (Art Technology Group).