Archive for November, 2011

Facebook Makes Erin Egan and Michael Richter Chief Privacy Officers

Amit Chowdhry | November 29, 2011 | 559 views | Add a Comment
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Facebook CEO and co-founder Mark Zuckerberg has written a blog post about how they have added two new roles on the company’s executive team. The two new positions are the Chief Privacy Officer (Policy) and the Chief Privacy Officer (Products). Erin Egan is now the Chief Privacy Officer (Policy) and Michael Richter is now the Chief Privacy Officer (Products). When creating new Facebook products, Egan and Richter will be ensuring that feedback from users and legislators is accounted for. These two new roles were created out of response that Facebook is submitting privacy check-ups by the FTC over the next 20 years. [Facebook Blog]

uTorrent Plus Now On Pre-Sale For $24.95 Per Year

Amit Chowdhry | November 29, 2011 | 305 views | 3 Comments
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uTorrent Plus is now available for pre-order at $24.95 per year. uTorrent has over 100 million active users per month. The Plus version will have a good number of features that the free version does not. The Plus version of uTorrent allows you to convert videos and transfer files to external devices. The Plus version will be out before Christmas.

Jamie Kennedy Now Working With Toshiba For Marketing Campaign [VIDEO]

Amit Chowdhry | November 29, 2011 | 297 views | Add a Comment
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Jamie Kennedy is a comedian that is known for playing the role of Randy in the Scream movie series, Brad Gluckman in Malibu’s Most Wanted, Creepy Guy in Harold & Kumar Go To White Castle, Justin Schumacher on Kickin It Old Skool, and for his most recent cameos in the last season of Entourage.

Japanese Company Mmbi Raises $618 Million To Launch Smartphone Broadcasting Service

Amit Chowdhry | November 29, 2011 | 298 views | Add a Comment
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Mmbi has raised $618 million in funding as they prepare to launch a smartphone broadcasting service. The investors in this round are from their 11 corporate partners, which includes Fujitsu, Sharp, and Fuji Media Holdings. Their new partners will also provide media business expertise. Mmbi is a subsidiary of mobile communications company NTT DoCoMo. They have issued 962,000 new shares and the 11 partners took 196,620 of them. Other existing shareholders took the other 765,360 shares. [Variety]

GM Offering Loaner Cars During NHTSA Investigation

Amit Chowdhry | November 29, 2011 | 556 views | Add a Comment
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Last week I wrote about how the National Highway Traffic Safety Administration was investigating the lithium ion batteries in the General Motors Company (NYSE:GM) Volt vehicles. GM North America president Mark Reuss said that they will be taking every step to assure the public of GM’s commitment to the safety of the Volt.

Marijuana.com Gets Acquired For $4.20 Million

Amit Chowdhry | November 29, 2011 | 376 views | Add a Comment
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General Cannabis Inc. has acquired Marijuana.com for $4.20 million. Clearly General Cannabis has a sense of humor when it comes to their financial deals too (420 is the slang symbol for marijuana). General Cannabis is a public company that is traded on the OTCQX market. About a year ago the company acquired WeedMaps, which is considered the “Yelp for Cannabis Dispensaries.”

Rovio Turned Down $2.25 Billion Offer From Zynga

Amit Chowdhry | November 29, 2011 | 398 views | 2 Comments
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Social gaming company Zynga had made buy-out offers to mobile gaming companies PopCap and Rovio. Both companies turned down their respective buy-out offers. PopCap, developer of Plants vs. Zombies and Peggle, turned down $1 billion from Zynga. Rovio, developed of the Angry Birds franchise, turned down a $2.25 billion offer from Zynga. Zynga’s corporate culture was cited as one of the major reasons why the two companies turned down the offer. It is also believed that Zynga did not want to pay the amount that Rovio wanted. PopCap Games ended up being acquired by Electronic Arts. It is believed that PopCap took EA’s offer because their earn-out terms were simpler to meet. Zynga is expected to go public very soon. [BusinessInsider]

Four Hackers Arrested For Stealing $2 Million From AT&T and Sending It To Terrorists

Amit Chowdhry | November 29, 2011 | 343 views | 3 Comments
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Four hackers have been arrested in the Philippines for stealing about $2 million from AT&T Inc. (NYSE:T) and sending it to a Saudi Arabian terrorist group. The FBI and the Criminal Investigation and Detection Group had found bank transactions that connected the individuals to the militant Islamic group Jemaah Islamiyah.

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