Here’s some funding and market news from this week:
- Amid declining profits and shareholder pressure, Samsung announced it would be buying back $2 billion worth of publicly-held shares in the company. This will be the second-largest share buyback in company history.
- The college-focused anonymous social news app YikYak raised $62 million in a funding round led by Sequoia Capital. Less than six months ago the Atlanta-based company raised $10 million in a separate round.
- The freelancer work marketplace Elance-oDesk announced it raised $30 million in a round led by existing investor Benchmark Capital, with participation from T. Rowe Price, FirstMark, Sigma West, NEA and the Stripes Group. The company is now preparing for an IPO.
- Narrative Science, which makes an automated writing software, raised $10 million in a recent funding round. The round gives Narrative Science a total of $32 million in funding since 2010.
This article originally appeared on Recode.net.