Slide raises $50 million dollars

Slide, the maker of applications for social networks, has raised another round of funding – $50 million from the private equity funds at Fidelity and T-Rowe Price, two major Wall Street investment houses. The firms have taken a 9 percent stake in the three-year-old, 64-employee Slide, valuing it at $550 million. (read full story at: bits.blogs.nytimes.com)