Monthly Archives: May 2010
Facebook Buys Out DEMO Company ShareGrove
Facebook has bought out ShareGrove, a startup company that creates private spaces for friends and family to share content. ShareGrove launched at the DEMO conference this past fall and showed a real-time space for only close friends and family to interact.
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Categories Facebook, ShareGrove
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Zynga Games To Be Available On Yahoo!
Zynga has announced that it will be signing a deal with Yahoo! Inc. (NASDAQ:YHOO) for game distribution. Prior to this deal Zynga was highly depending on Facebook for gaming distribution. This caused a conflict because they felt that Facebook was over-charging for virtual credit commission.
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Categories Yahoo!, Zynga
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T-Mobile USA CEO Robert Dotson Resigning
T-Mobile USA CEO Robert Dotson (pictured above) is stepping down from the company for personal reasons. Earlier this year T-Mobile USA was considering spinning off from Deutsche Telekom. T-Mobile is currently seeing a major loss of subscribers. Internal hire Phillipp Humm will replace Dotson. T-Mobile USA is currently working on deploying a HSPA+ high speed wireless service. [InformationWeeek]
Categories Phillip Humm, Robert Dotson, T-Mobile, T-Mobile USA
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Lost Series Finale Breaks BitTorrent Download Records
The Lost finale has shattered the BitTorrent download records. In under one day, over one million people have downloaded the last two episodes. Over 100,000 people were sharing the torrent at the same time during those two days. Last year Lost was the second most pirated TV show on BitTorrent. Every Lost episode is downloaded about 1.5 million times in the first week according to [TorrentFreak].
Categories BitTorrent
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Apple’s Market Cap Surpasses Microsoft Today
At the end of the stock market day, Apple Inc. (NASDAQ:AAPL) came out with a higher market capitalization than Microsoft Corporation (NASDAQ:MSFT) The market capitalization of a business is based on the share price times the number of shares outstanding of a public company. Considering that Microsoft and Apple are around the $200 billion mark, they are considered to be “Mega-cap.” Apple’s market cap is at $222.07 billion and Microsoft is at $219.18 billion.
Categories Apple Inc., Microsoft Corporation
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Social Media Marketing Company Vanksen Raises $5 Million Series A
Vanksen has raised $5 million in investment from private equity firm Quilvest group. Vanksen will use the funds for expansion, especially in the U.S. Quilvest Private Equity will take a minority share of the capital from the Management and Founders. Below is the full press release:
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Categories Quilvest, Vanksen
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Apple Being Investigated By Justice Department For Digital Music Sales
Apple Inc. (NASDAQ:AAPL) is being investigated by the Justice Department for their digital music tactics. The antitrust inquiry is currently in early stages according to The New York Times.
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Categories Amazon, Amazon.com, Apple Inc., US Department of Justice
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New Facebook Privacy Feature: Simpler Controls
Facebook has announced newer and simpler privacy controls. While Facebook doesn’t plan to remove the dozens of privacy options for customizing the ability to view certain photos and profile divisions, the company is adding one simple control for changing content viewing permissions. This one simple control will set specifically for friends-only, friends-of-friends, or everyone. There is also a simple way to determine how people can find you on Facebook and what users that are not your friend can see. Facebook will also have a simple way to turn off the Facebook Platform which will allow you to opt out of providing data to third party websites such as Pandora or Yelp. [Facebook Blog]
Augmented Reality Gaming Company Ogmento Raises $3.5M Series A
Ogmento is an augmented reality gaming company that has raised $3.5 million in Series A. The investment was led by Chart Venture Partners with participation from CNF Investments and private investors. Ogmento plans to use the funding for building development teams in New York and Los Angeles. Ogmento was founded by Ori Inbar, Brad Foxhoven, Brian Selzer, Oriel Bergig, and Nate Hagbi.
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Categories Chart Venture Partners, CNF Investments, Ogmento
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Apple: Saddened And Upset By The Recent Suicides at Foxconn
Apple has sent out a public statement about the worker suicides that are happening at Chinese iPod and iPhone manufacturing plant Foxconn. Foxconn is a subsidiary of Hon Hai Precision Industry. HP, Dell, and other tech companies also has work done by Foxconn.
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Categories Apple Inc., Foxconn, Hon Hai Precision Industry, Steve Dowling
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