Facebook just introduced ads on Instagram, and hasn’t tried to make money off WhatsApp yet, but the company’s revenue is robust nonetheless.
More bad news on the greentech venture capital investing front this morning. Ernst & Young says U.S. VCs put only $575.6 million into greentech startups in the third quarter, less than half the amount invested in the same quarter last year. That’s a steeper decline than that the Cleantech Group gave for global green VC investing in the third quarter, and highlights the shift in greentech investment from the U.S. to China, as well as the hit California investment is taking under the threat of a ballot initiative that could reverse its landmark greenhouse gas reduction law. A few bright spots — U.S. energy efficiency startups grabbed the most gains with $161.7 million invested, and corporate venture investments rose to 23 percent of the total, up from 17 percent last year.
Green technology needs to grow up and get a job — and it’s a tough job market. The third quarter saw a big drop-off in early-stage venture capital and an even steeper decline in solar power investments.
Fresh on the heels of Google’s big splash into transmission cables for offshore wind, here’s a report showing that clean-energy financing’s 11 percent rise in the third quarter was largely driven by investment in offshore wind power grids. Bloomberg New Energy Finance says the quarter’s record-setting $32.8 billion in worldwide asset financing was boosted by $1.9 billion raised for “HelWin 1” and “DolWin 1,” two big high-voltage direct current (HVDC) cable projects set to link Germany to North Sea wind farms by 2013. TransPower, part of the Dutch state-owned TenneT Holding, is in charge, and Siemens and ABB are laying the cables.
The conference call date for Apple’s latest quarterly numbers was finally announced this week as being at Tuesday at 2:00 p.m. PDT. The biggest question isn’t about profit or sales, however, but who will be doing the speaking: Could it be Steve Jobs?
Jobs was last heard on an Apple (s aapl) conference call in October 2008. While no reason was given for his presence then, it could be argued that his participation was designed to assuage concerns about his health. In January, Jobs took a leave of absence to deal with those health issues, and was later revealed to have undergone a liver transplant. Since returning to work at Apple in June, his highest-profile appearance has been as a spectator at a concert. Even if Jobs is not at the call, expect analysts to ask about his health. But that won’t be the only topic discussed. Read More about What to Expect From Apple’s Quarterly Report on Tuesday