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July 13, 2012
08:35 • 10 months ago

Why Digg sold for as little as $500,000: It was chopped up into little pieces

Tags: Betaworks digg digg sold linkedin social networks broken in pieces sold for scrap washington post company

  • workers The first part to go were the workers, who were sold to the Washington Post Company for about $12 million a couple months back, according to TechCrunch.
  • patents Previously unreported: A series of 15 of Digg’s patents, including the one for “click a button to vote up a story,” were sold to social network LinkedIn for roughly $4 million.
  • site Finally, the site itself — the code, the domain, the data, and the traffic — sold to Betaworks for between $500,000 and $750,000 — or the price of a nice house. source

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July 2, 2012
10:35 • 10 months ago

There-and-gone “leap second” causes major issues for numerous sites

Tags: atomic clocks extra seconds gawker leap second leap seconds linkedin mozilla reddit synchronization time

  • cause On Saturday night, a single second was added to the atomic clocks of the world in a somewhat rare event called a leap second, which ensures that atomic time remains aligned with solar time. Most people didn’t even notice.
  • reaction However, with the rise of cloud computing, every second counts, and the leap second actually caused huge problems for Reddit, Gawker, Mozilla, LinkedIn and numerous other sites. Who knew a second was so essential? source

June 20, 2012
20:12 • 11 months ago

On the LinkedIn lawsuit and whether or not it’s a good thing

Tags: thenoobyorker lawsuits linkedin social networks linkedin password leak hacking class-action

thenoobyorker asks: Ugh, what are your thoughts? Personally I don’t like the lawsuit.

» SFB says: If the LinkedIn lawsuit gets its desired class-action status, it makes more sense, because some serious security problems were caught after the fact. They could encourage LinkedIn and its partners to focus on better security. If not, it’s frivolous. — Ernie @ SFB

19:01 • 11 months ago

LinkedIn password leak: Illinois woman files lawsuit over incident

Tags: Katie Szpyrka lawsuits legal linkedin linkedin password leak News privacy security Tech

  • $5 million lawsuit filed against recently-hacked LinkedIn source

» Illinois resident Katie Szpyrka, represented by Edelson McGuire, filed the suit nearly two weeks after the passwords first hit the web. Szpyrka claims that the ease with which hackers accessed user information constitutes a violation of promises that LinkedIn made to consumers. LinkedIn disputes Szpyrka’s claim, and intends to fight the suit in court. “No member account has been breached as a result of the incident,” said LinkedIn spokeswoman Erin O’Harra, adding, “We have no reason to believe that any LinkedIn member has been injured.”

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June 7, 2012
14:32 • 11 months ago

Heads Up: Three reasons that you need to change your password(s)

Tags: eHarmony eHarmony Password Leak last.fm Last.fm Password Leak linkedin linkedin password leak linkedin privacy News Online Dating security security breach social media social networks Tech

  • one Social networking site LinkedIn was hacked yesterday, and those responsible managed to steal approximately 6.5 million user passwords.
  • two Online dating service eHarmony discovered its servers had been hacked as well. Ars Technica reports that 1.5 million passwords leaked.
  • three This morning, music recommendation site Last.fm revealed that they too were looking into a potential leak of users’ passwords. source

» A suggestion for everyone: Now might be a good time to secure your e-mail, especially if you share passwords between accounts. Our suggestion is to switch to a two-step verification process for your e-mail, something that Gmail makes extremely simple to do. You’ll need a phone nearby for this, and you’ll need to repeat it on every device you use to check your e-mail, but it’ll be worth it. Trust us.

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June 6, 2012
10:14 • 11 months ago
Tags: ios linkedin linkedin password leak linkedin privacy linkedin security password leak privacy security breach security breaches social media social networks
Security warning: LinkedIn facing privacy issues on two fronts today First off: If you’re a LinkedIn user, change your password, stat. The company reportedly suffered a major security breach this morning and 6.5 million passwords are currently floating around the Internet in encrypted form — but that doesn’t mean hackers aren’t trying to break the encryption. So don’t screw around. Log into LinkedIn and change it — ESPECIALLY if you use that password other places. (If you do, change it in those places, too.) But that’s not the only privacy fail the company’s having this morning. Here’s the other: cause A new LinkedIn mobile app feature allows the company to access your personal notes from your iOS calendar to sync them with your LinkedIn account ahead of meetings — a feature which is opt-in, but drew security users’ scrutiny because it was accessing calendar information and transmitting it in unencrypted form. response While the company is attempting to address privacy concerns, it insists the feature is useful and well-intentioned: “We hope you try it out. If at any time you decide it’s not for you then you can always go to the mobile apps settings page to turn off the calendar feature,” said Joff Redfern, the Mobile Product Head at LinkedIn. source (photo via TheSeafarer) Follow ShortFormBlog: Tumblr, Twitter, Facebook

Security warning: LinkedIn facing privacy issues on two fronts today

First off: If you’re a LinkedIn user, change your password, stat. The company reportedly suffered a major security breach this morning and 6.5 million passwords are currently floating around the Internet in encrypted form — but that doesn’t mean hackers aren’t trying to break the encryption. So don’t screw around. Log into LinkedIn and change it — ESPECIALLY if you use that password other places. (If you do, change it in those places, too.) But that’s not the only privacy fail the company’s having this morning. Here’s the other:

  • cause A new LinkedIn mobile app feature allows the company to access your personal notes from your iOS calendar to sync them with your LinkedIn account ahead of meetings — a feature which is opt-in, but drew security users’ scrutiny because it was accessing calendar information and transmitting it in unencrypted form.
  • response While the company is attempting to address privacy concerns, it insists the feature is useful and well-intentioned: “We hope you try it out. If at any time you decide it’s not for you then you can always go to the mobile apps settings page to turn off the calendar feature,” said Joff Redfern, the Mobile Product Head at LinkedIn. source

(photo via TheSeafarer)

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May 18, 2012
11:53 • 1 year ago
Tags: facebook ipo facebook facebook stock zynga linkedin social media

Uh-oh. Things are starting to go sour on the market. FB barely above IPO price, LinkedIn down, Zynga halted after falling 13 percent.

Facebook is trading at 38.05 currently, which is just barely above its IPO price, after surging early.

February 27, 2012
15:39 • 1 year ago
Tags: internet facebook youtube twitter foursquare pinterest linkedin stumbleupon internet social networking social media from curiousontheroad
soupsoup: 60 seconds on social media by David Fung This informative, and somewhat staggering, chart displays how many interactions occur every sixty seconds on various “social” sites. We might caution against using these numbers for comparative purpose;,is there really an equivalency, for example, between viewing a YouTube video and sending a message on Facebook? Still, the overall thrust of the image is well-taken: Those of us with unfettered access to the Internet spend a whole lot of time on it. Also notable (or maybe not) is the exclusion of MySpace.

soupsoup:

60 seconds on social media by David Fung

This informative, and somewhat staggering, chart displays how many interactions occur every sixty seconds on various “social” sites. We might caution against using these numbers for comparative purpose;,is there really an equivalency, for example, between viewing a YouTube video and sending a message on Facebook? Still, the overall thrust of the image is well-taken: Those of us with unfettered access to the Internet spend a whole lot of time on it. Also notable (or maybe not) is the exclusion of MySpace.

May 19, 2011
19:40 • 2 years ago

On whether LinkedIn was merely the beneficiary of good timing

Tags: LinkedIn IPO Tech linkedin ipo social media IPOs from soupsoup

soupsoup:

“… a substantial majority of our members do not visit our website on a monthly basis, and a substantial majority of our page views are generated by a minority of our members.”

— LinkedIn’s IPO document

Anyone who’s ever used LinkedIn can tell you that it’s really good as a living-document type of resume, and that’s about it. The addition of Twitter-like features was about five years too late. It’s a great service for a small handful of users (especially those looking to hire), but even hardcore business types are better off sticking with Facebook and Twitter these days. So, like we noted earlier, LinkedIn (which closed at over 94 points today) is a harbinger of bigger IPOs to come, and that’s about it. One point we’d like to add, though, is that many have said the same thing about Twitter in the past — that there’s millions of ghost town-type accounts on the site. The key thing here is: Are they making money? That’s what investors want to know.

10:29 • 2 years ago

LinkedIn’s massive IPO: One of the largest tech IPOs since Google’s

Tags: facebook ipo initial public offering ipo linkedin linkedin ipo social media social media ipo

  • $45 LinkedIn’s price per share when it launched its IPO this morning
  • $83 the company’s price per share now — that’s right, it nearly doubled in price
  • $352M the amount the company has earned from its IPO today source

» A really impressive start for social media: LinkedIn, the first social media company on the stock market, sets the stage for what could be an impressive transition from startup to stock for many social sites. Facebook’s far larger than LinkedIn, meaning that this may be the floor level for what the ubiquitous social site could expect when Mark Zuckerberg finally decides to go IPO.

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May 9, 2011
10:27 • 2 years ago

LinkedIn IPO could prove social media’s heft on the stock market

Tags: facebook ipo initial public offering ipo linkedin linkedin ipo social media social media ipo

  • 7.84M number of shares of stock LinkedIn plans to sell during its IPO
  • $35 the high-end price the company’s shares could go for on the market
  • $3Bthe potential value of the company’s IPO — which is kind of a lot source

» Getting in early: LinkedIn is one of the first examples of a social media company taking its chances on the stock market, which suggests that Facebook — which is far more widely-used than LinkedIn is — could totally do well in the case of an IPO. The company, which announced its IPO intentions in January,  has filed to go on the New York Stock Exchange under ”LKND.”

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December 15, 2010
11:09 • 2 years ago

Major sites force password changes after Gawker’s security lapse

Tags: gawker gnosis hackers linkedin password changes password resets twitter yahoo

  • action A bunch of hacker thugs who we’d turn in if we knew who they were leaked over a million Gawker usernames and passwords online. We hate those guys.
  • reaction Other sites, such as Twitter, LinkedIn and Yahoo, have asked large swaths of users to change their passwords, which is pretty smart, guys. source

 

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