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Facebook's Instagram deal is worth just $738 million, far short of the $1 billion-plus from a few months ago

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 20, 2012 6:31 am

When Facebook's acquisition of Instagram happened, which took just a weekend to happen, it was valued at over $1 billion. This was mainly because the social network's stock prices were quite high pre-IPO, and the deal with Instagram included $300 million in cash, and 22,999,412 shares of Facebook, valued at $38 a piece.




We've seen how the Facebook shares have tanked, yes I've used the word again, and continue to do so. This has had a ripple effect on Instagram, with the first trade of Facebook coming in at a now incredible $42.05, with the same shares now trading at a paltry $19.05 on Friday. This is a huge 41.88% difference between the first trade, and Friday's pricing.


This means if we include the $300 million in cash Instagram will take, as well as the near-23 million shares, the deal is sitting at just $738.1 million. As you can see, $738 million compared to over $1 billion is quite the difference in just a couple of months.

Continue reading 'Facebook's Instagram deal is worth just $738 million, far short of the $1 billion-plus from a few months ago' (full post)

Facebook's backup named 'Sub-Zero', and would include low-power deep-storage hardware

By: Anthony Garreffa | More News: Social Networking | Posted: Aug 20, 2012 5:27 am

Facebook are looking to go a bit exotic with their new backup plans, with their upcoming backup looking to tap some low-power deep-storage hardware that'll be housed in a 62,000 square-foot building in Prineville, Oregon.




This is situated near their Beaver State data center, with the new back up referred to "Sub-Zero". Sub-Zero will store a copy of Facebook's data in case the social network's primary servers need to be restored in the case of an emergency. Instead of continuously powering HDDs that are only occasionally used, Sub-Zero can conserve energy by lighting-up drives only when they're actually needed.


Just a single of Facebook's existing server racks chews up around 4.5 kilowatts, whilst the ones that will be found at Sub-Zero will only consume approximately 1.5 kilowatts when they're running, which is quite the power conservation. Facebook's vice president of site operations, Tom Furlong, talked to Wired that there are talks of a similar structure to be built next to the social network's North Carolina-based data center.

Continue reading 'Facebook's backup named 'Sub-Zero', and would include low-power deep-storage hardware' (full post)

LeakedTT: New iPhone front panel pictures

By: Anthony Garreffa | More News: Mobile Devices, Tablets & Phones | Posted: Aug 20, 2012 4:31 am

Apple's sixth-generation 'new iPhone' will be announced next month, hopefully, and until then I think we're going to see, and hear, more and more rumors of the smartphone. The latest thing to hit the Internet are some leaked shots of the front panel of the new iPhone.




I've taken a stance of calling it the 'new iPhone', because I just can't see Apple naming it with a number, I really think we're going to see the same naming scheme as the third-generation iPad. The 'new iPad' was known as just that. Apple's new iPhone is looking to be a 4-inch device, up from the 3.5-inch screen on every single iPhone to date.


It should also sport 4G LTE connectivity, NFC, and a 7.6mm-thin case. All of this should be unveiled, and confirmed, at Apple's press conference which is being held on September 12th. Until then, most of these posts will be designated as "LeakedTT" or "RumorTT".

Continue reading 'LeakedTT: New iPhone front panel pictures' (full post)

Google runs Pwnium 2, if you can hack Chrome, there are $2 million in rewards up for grabs

By: Anthony Garreffa | More News: Hacking & Security | Posted: Aug 20, 2012 3:29 am

Google have announced the second Pwnium hacking competition after widthdrawning from this TippingPoint's annual Pwn2Own which was previously held back in February. Google have thrown $2 million in rewards for anyone who can find bugs in their popular Chrome browser, exploit them and detail how they achieved the hack.




The first Pwnium that was held in March, in Vancouver, only had $1 million up for grabs, and only a slice of that was handed out. This was because there were only two submissions, requiring Google to sign over just $120,000 of the $1 million they had up for grabs. So, what are Google offering? $60,000 for a full Chrome exploit using only bugs found in the web browser itself. $50,000 for a partial Chrome exploit using Chrome itself, or other browser, or Windows flaws such as Webkit or kernel-level flaws.


Finally, $40,000 for a non-Chrome exploit for a bug found in Flash, Windows or a driver. In addition incomplete or unreliable exploits may be eligible for a prize, where Google have said "our rewards panel will judge any such works as generously as we can". Sounds like Google just want to give money away! Rules have changed from the annual Pwn2Own hacking competition, with TippingPoint no longer requiring entrants to reveal all the details about exploits used to compromise security. Google has said that this change is "worrisome" and decided to leave the competition, promoting their own Pwnium challenge instead.

New emulator lets you play Nintendo 64 games from your web browser

By: Anthony Garreffa | More News: Internet & Websites | Posted: Aug 20, 2012 2:28 am

I still remember getting a Nintendo 64 for Christmas as a young gamer, I was unbelievably excited. Gaming back in the 90s was just another thing compared to gaming now, and it seems that a brand new Nintendo 64 emulator has been developed by Paul Holden.



Holden's new emulator uses JavaScript and is still in its early stages, as it only works with a handful of titles, one of which is Super Mario 64. If you want to use the emulator, you'll need to be rocking Google Chrome or a Firefox Nightly build, as they are the only browsers that have the features required to run the emulator. You'll also need to have your own ROMs on hand.




The video above shows off the emulator, and of course whilst not perfect, it runs. Early days yet, and you can see it runs pretty slow, but that's probably because of a software issue, as today's computers have enough horsepower to run something from the mid-90s without a problem.

Samsung unveils Galaxy Tab 2 7.0 Student Edition Bundle, just $250 and available until September 1

By: Anthony Garreffa | More News: Mobile Devices, Tablets & Phones | Posted: Aug 20, 2012 1:26 am

With quite possibly the longest name in a slate yet, Samsung have shown off the Galaxy Tab 2 7.0 Student Edition Bundle, where it will be on store shelves as you read this, for $250. What does $250 offer?




You'll get the Galaxy Tab 2 7.0 tablet in its 8GB version in glossy white, a keyboard dock and USB peripheral connector, until September 1 at Best Buy, Tiger Direct, Fry's Electronics, Amazon and Costco. The Galaxy Tab 2 7.0 rocks Android 4.0 Ice Cream Sandwich, so its no slouch in the OS department.


It also comes with an IR-blaster, microSD slot and two cameras. Considering the normal Galaxy Tab is $250, this is not too shabby at all.

OnLive is on life support, employees laid off, bankruptcy paperwork has been filed

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 19, 2012 11:28 am

It looks as though OnLive has gone through quite the headache over the weekend, where it was first reported that the entire staff of the streaming gaming company had been laid off. But, the official word is that OnLive's assets were acquired by a "newly-formed company" that has "substantial funding".




As the story continued, it looks as though a single investor has come in who was interested in the company and decided they've like to own it. Some of the freshly-unemployed ex-OnLive staffers were re-hired to join the new business that the investor had purchased, OnLive Reloaded, maybe? There would still be some that were cut, but with the remaining employees, they've said that OnLive's IP would be moved over to the new company, but this leaves the ex-staffers' shares to be wondered about.


This then lead to news of their shares in the company, those shares would not be transferred to the new company as the original is closing. CEO of Tiswaz Entertainment who is also an advisor to game developers and publishers, Kevin Dent has had quite a lot to say of the matter, but on the matter of the employees shares:


In order for their shares to be transferred, the new investors would have to agree to sell shares for zero cents on the dollar to each of the employees. That's not happening, I know that for a fact.

Continue reading 'OnLive is on life support, employees laid off, bankruptcy paperwork has been filed' (full post)

Sony releases their Xperia SL, sports dual-core 1.7GHz Snapdragon S3, 4.3-inch screen, Ice Cream Sandwich

By: Anthony Garreffa | More News: Mobile Devices, Tablets & Phones | Posted: Aug 19, 2012 9:56 am

Sony have just unveiled the successor to their Xperia S smartphone, the Xperia SL. The latest Xperia SL sports a 4.3-inch scratch-resistant screen with a resolution of 1280x720, a dual-core 1.7GHz Snapdragon S3 processor and runs Google's Android 4.0 Ice Cream Sandwich OS.




Filling out the specs, we find the Xperia SL baking in a 12.1-megapixel rear-facing camera with 16x digital zoom and pulsed LED flash, up to 8 hours and 30 minutes of talk time, 420 hours of standby, 25 hours of music-listening time, and video playback time of up to 6 hours and 30 minutes. All of this finds its way into a phone that ways just 144g, or 5.1 ounces.


It feels like it's come out of nowhere, but it doesn't really have anything that can compete with the already-here Samsung Galaxy S III, Galaxy Note, HTC One XL, Apple's iPhone 4S, and various other high-end smartphones. But, for a Sony phone, it definitely doesn't look too shabby at all.

YouTube streamed a total of 231 million streams of the London 2012 Olympics

By: Anthony Garreffa | More News: Current Affairs | Posted: Aug 19, 2012 9:51 am

YouTube started preparing for the London 2012 Olympics last year, and it is probably a good thing they did. Considering the site pushed out a total of 231 million streams to the US and 64 countries in Africa and Asia.



From these 231 million streams, 72 million of them came from the IOC YouTube Channel. At the Olympics' peak, YouTube delivered more than 500,000 livestreams at the same time, this is five times the capacity of the Wembley Stadium. YouTube notes that a seven times improvement in quality based on low buffering and high frame rates contributed to the live video looking "better than ever before".


US-only stats sit with YouTube powering the online coverage at, where they delivered more than 159 million total streams. NBC's native apps saw 37% of the views from mobile devices, and more than 50% of these were in HD. The US Olympic Committee YouTube Channel shared behind the scenes video with more than 6.75 million views, and 50 YouTube Creator "Invaded" London to show the full experience through their eyes.

Continue reading 'YouTube streamed a total of 231 million streams of the London 2012 Olympics' (full post)

RumorTT: EA is up for sale, got a spare couple of billion dollars?

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Aug 19, 2012 9:51 am

There's a juicy rumor making the rounds, but it is being reported by the New York Post, and not by some vague blog. But, it looks like KKR and Providence Equity Partners have been in discussions with EA, with the talks at "very early stages".




We've seen EA's share prices drop 37% this year, but the rumors have spiked their stock prices by close to 5.5% ,or 72 cents, seeing them hit $13.81 thanks to the talks. EA's market cap sits at around $4 billion with one source saying they would be willing to cut a deal if it were at $20 per share.


One of the weirder things going on with EA, is that they've been slowly buying back stock from investors, which could be a preemptive move if they were considering putting up a 'for sale' sign. EA hasn't only been watching their share prices tank, they've not been able to make success in the market lately. This comes down to gamers not willing to part their hard-earned cash for a new game at the current $60-or-so pricing, instead, they're jumping on mobile and casual games which can be played for free.

Continue reading 'RumorTT: EA is up for sale, got a spare couple of billion dollars?' (full post)

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