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06 Feb 2012 10:33

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Tech, World: Google, Facebook forced to block content by Indian high court

  • last month Facing legal complaints that their sites “create enmity, hatred, and communal violence” and “will corrupt minds,” Facebook and Google told an Indian court that they could not block content, and that it would be difficult to pre-screen. The complaint was filed by a journalist, Vinay Rai, who has been on a crusade over this issue.
  • this month Facing an order from the Delhi High Court to block said content from their services, Google and Facebook say they’ve already removed objectionable content, and Facebook has submitted a compliance report to the court on Monday, but not without joining Yahoo and Microsoft in having misgivings on the case. source
Posted by Ernie Smith • 0 Comments • Permalink


03 Feb 2012 17:04

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Biz: Mark Zuckerberg won’t enjoy his tax bill after Facebook goes public

  • $1.5 billion in taxes for the Zuck after Facebook's IPO source
  • » Why? Zuck plans to sell some of his shares: Back in 2005, Facebook founder Mark Zuckerberg received a set of new stock options for his company. With said company looking to  go public, Zuckerberg will exercise those shares before the IPO, effectively buying them at the price they were worth back then, and sell them after the IPO, effectively setting himself up for a windfall of nearly $5 billion … and one of the largest tax bills in history. It’s not like he’s gonna be broke, though — in fact, he’ll still be worth $24 billion by the end of it, much of that invested in his company. So hard for him, gotta tell you guys.
Posted by Ernie Smith • 0 Comments • Permalink


01 Feb 2012 21:29

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Biz: Facebook’s SEC filing reveals the things they worry about most

  • one Facebook Mobile, unlike the normal web layout, doesn’t have ads built into the interface. Meaning as Mobile grows, ad revenue will suffer.
  • twoGame developer Zynga accounts for a whopping 12% of Facebook’s total revenue. Therefore, any trouble for Zynga is trouble for Facebook as well.
  • threeFacebook’s revenue grew by 88% last year, which they deem unsustainable. In short, that level of growth will slow down someday.
  • fourThey could be sued for copyright infringement due to content uploaded by their users; quite likely the reason they opposed SOPA. source
Posted by Chris Tognotti • 0 Comments • Permalink


28 Jan 2012 20:53

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Biz: Greedy investment bankers won’t carve Facebook’s IPO too heavily

  • what Investment banks looking to get in on the upcoming Facebook IPO, expected to be filed for next week, may only take a 1 percent underwriting fee on the stock offering. How abnormal is that? Usually, the investment banking underwriters take 5 to 7 percent.
  • why Simply put, Facebook is such a big deal that the competition is extremely high for it; underwriting it is seen as a prestige move. “The Facebook IPO will be iconic,” notes one investment banker who says that Facebook gets to set the rules on this one. source
Posted by Ernie Smith • 0 Comments • Permalink


17 Jan 2012 23:05

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Tech: Russian “Koobface” cyber-hackers gave themselves away

  • “Koobface” sounds like the cyberbully cousin of Scooby Doo. You might have been a victim of the Koobface gang. This Russian cybergang is responsible for viruses that spread through Facebook and other social network sites. Technically, none of the members are under investigation by law enforcement; it’s hard to prosecture people that you can’t find. Recently, the group has been “checking in” on Foursquare, completing their location with coordinates and pictures. With more and more information being leaked about the group, perhaps citizens, companies and governments will band together to help shut this group down — but even if they finally do, don’t click on anything you don’t trust. source
Posted by samimain • 0 Comments • Permalink


12 Jan 2012 23:58

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Culture: A Beautiful, Bald Barbie? One four-year-old’s doll could inspire line

  • A new inspiring look for Barbie? Genesis Reyes, a four-year-old who lost her hair after receiving treatment for cancer, is getting a one-of-a-kind Barbie: a bald Barbie. “We would like to see a Beautiful and Bald Barbie made to help young girls who suffer from hair loss due to cancer treatments, alopecia or trichotillomania,” said Jane Bingham and Beckie Sypin, who, after they were inspired by Genesis, built a Facebook page. This kind of Barbie could do quite a bit of emotional therapy for girls going through similar situations. Mattel, however, “doesn’t accept ideas from outside sources,” so we’re not sure yet if this movement will come to fruition. source
Posted by samimain • 0 Comments • Permalink


16 Dec 2011 11:58

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Tech: A poorly-tended farm? Zynga IPO flops in first day of trading

  • Yet another reason we wish the internet was the real world. Remember when Facebook announced that it might, maybe, potentially, could see itself having an IPO in 2012? Well, Zynga, perhaps the biggest beneficiary of the Facebook ecosystem, has beaten them to the punch. The popular social gaming company’s shares are now available for the public to purchase. The “Farmville” company’s stock, listed as “ZNGA” and priced at $10 a share by the company, hasn’t had a particularly good morning, falling below its IPO price at one point. Currently, it sits at just over $10. Will the stock begin to lean in Groupon’s downward direction, or will it aim for Facebook status? source
Posted by samimain • 0 Comments • Permalink


 

08 Dec 2011 23:14

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U.S.: Texas food stamp tragedy: Awful in more ways than one

  • tragic On Monday, a mother in Texas shot her two children before killing herself. She died at the scene of the shooting. The children later died in the hospital — the daughter on Wednesday, the son Thursday. Just two hours before the shooting, daughter Ramie Grimmer updated her Facebook status to say: “may die 2day.”
  • more tragic Rachelle Grimmer killed her children in a food stamp office, after being denied food stamps on multiple occasions. She had been trying to apply since July but had been unable to do so, due to paperwork issues. The family was extremely poor and had been visited by Child Protective Services twice over neglect issues. source
Posted by samimain • 0 Comments • Permalink


06 Dec 2011 19:59

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Tech: Pinboard founder: Free Web apps suck because they get acquired

  • What if a little site you love doesn’t have a business model? Yell at the developers! Explain that you are tired of good projects folding and are willing to pay cash American dollar to prevent that from happening. It doesn’t take prohibitive per-user revenue to put a project in the black. It just requires a number greater than zero.
  • Pinboard founder Maciej Ceglowski • Offering a rarely-heard take on the free-Web-app movement — that startups without business models are only hurting end-users, an argument that’s fresh in the minds of some after Gowalla’s staff got acquired by Facebook, but not its product. (This is a pain we know all too well, thanks to the pending death-by-acquisition of Apture and our scramble to replace it.) And in case you’re wondering, Ceglowski follows his own advice — he charges a one-time $9.55 fee to join his Delicious competitor. We’re with him (though we’re not opposed to the freemium idea that sites like Reddit use). We’ll gladly pay a $10 one-time fee to use a product if it means the product’s still going to exist in three years. source
Posted by Ernie Smith • 0 Comments • Permalink


05 Dec 2011 21:44

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Tech: Facebook’s Gowalla buyout was for the talent, not the company

  • While Facebook isn’t acquiring the Gowalla service or technology, we’re sure that the inspiration behind Gowalla will make its way into Facebook over time.
  • A statement from Facebook • Basically emphasizing that they bought out Gowalla’s staff, not its service. It apparently was a marriage of mutual ambition: “It became clear that the way for our team to have the biggest impact was to work together,” said Gowalla CEO Josh Williams. The statements effectively play into what many have figured about the Gowalla team — they’re a very good company at design, but ultimately, their product was an also-ran in the market, one increasingly surpassed by Foursquare. They shouldn’t feel bad, though — Facebook was an also-ran at location-sharing, too. source
Posted by Ernie Smith • 0 Comments • Permalink


 
 
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