THE BUSINESS OF TECHNOLOGY
Microsoft officially announced its Bing Fund, an angel investor and business incubator that will offer promising startups cash, advice and privileged access to Microsoft's technology. The fund will make $50,000 to $100,000 investments in early startups through standard convertible notes that can be switched to equity at Microsoft's … [Read more...]
China has officially claimed the crown of the world's largest cell phone market, growing 164 percent to 33.1 million smartphones sold last quarter, according to recent data from Needham & Company, the banking and asset management firm. The country topped the US, which sold 25 million smartphones during the same period. As Apple Insider … [Read more...]
Netflix subscribers streamed a massive 1 billion hours of video content in June, a record for the site, Netflix's CEO Reed Hastings announced on his Facebook page earlier this month. Hastings credited Ted Sarandos, the company's chief content officer, for the jump in streaming, and expects even larger demand with a number of in-house programs … [Read more...]
A federal judge has granted Apple its injunction against Samsung in the company's patent dispute, preventing the phone maker from selling in the US the Samsung Galaxy Nexus, the flagship handset sporting Google's Android OS. The computer giant was granted a similar injunction blocking the sale of Samsung Galaxy Tab 10.1 last month. Apple had … [Read more...]
Skype has managed to maintain a degree of independence from Microsoft following its $8.5 billion acquisition by the company, and more importantly, has managed to grow its base to nearly 250 million users, a 26 percent jump over the past seven months, according to the New York Times. “We’ve kept our identity and our autonomy,” Tony Bates, former … [Read more...]
Tax breaks aren't free. In exchange for $89 millions of dollars in tax incentive, Apple is planning to build a $1 billion data center in Reno, Nevada, in order to house its various online services, including iCloud, iTunes, and its App Store. The news was first reported by the Reno Gazette-Journal. In response to rising Internet traffic as well … [Read more...]
Twitter wants to spend more time together. Quality time. As proof its ready for commitment, it launched Expanded Tweets with on site content, just to make sure you stick around. Instead of just the quintessential 140 characters, Tweets with links to partner websites will feature preview content, including images, videos, and music. It's an … [Read more...]
Though the number of new Twitter users has remained more or less stagnant since 2011, the number of daily users has doubled as more people own smartphones that can more conveniently use the service, according to the latest data from the Pew Internet & American Life Project. The company began its study of Twitter in 2010, when 8 percent of … [Read more...]
by Matt Gallagher, Red Herring Kleiner Perkins Caufield Byers VC Mary Meeker dropped a bombshell in her annual Internet Trends report at the All Things D conference Wednesday. While mobile traffic is exploding, up 10 percent today from 1 percent in late 2009, monetization on the mobile web and mobile apps is little more than a trickle in a … [Read more...]
Apple, China Mobile Discussing iPhone, but Don't Hold Your Breath China Mobile may get the iPhone, but probably not anytime soon. Apple and the world's largest mobile carrier are in discussions to include a partnership on the iPhone, Bloomberg reported, quoting the Chairman of China Mobile. The report also notes that the iPhone is unlikely to … [Read more...]