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Business, Financial & Legal Posts - Page 110

Facebook approved to build second campus from Menlo Park

Facebook have received permission from the authorities of Menlo Park to build a second campus which will be designed by Frank Gehry. The second campus will be built near the current Facebook campus, on a new 22-acre site west of Bayfront Expressway in California.

 

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The new campus will have a rooftop park and an underground tunnel to connect to two Facebook campuses together, which is part of its design. The 433,555-square-foot location was originally set to have parts of the building "flaring out like butterfly wings," but these plans were dropped because they were "too flashy."

 

Facebook's second campus will have an average height of 45 feet, topping out at 73 feet in some parts, but it will be mostly hidden away by landscaping in order to keep Facebook's management's request for a low-key building.

United States Patent & Trademark Office rejects Apple's trademark on the iPad mini

The United States Patent & Trademark Office (USPTO) have rejected Apple's application for a trademark on their iPad mini. Apple received the letter on January 24, but it has only been made public recently, with the USPTO saying that the addition of "mini" to "iPad" was not distinct enough from Apple's iPad trademark to warrant its own filing. Apple's rejection letter states:

 

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In this case, both the individual components and the composite result are descriptive of applicant's goods and do not create a unique, incongruous or non-descriptive meaning in relation to the goods being small handheld mobile devices comprising tablet computers capable of providing Internet access.

 

Apple has up until July 24 to submit an amended application for the iPad mini trademark, where Apple will have to justify why the term 'iPad mini' is distinct from their existing trademark on 'iPad.'

Samsung could soon see a store-within-a-store in Best Buy

If you've ever wondered into a Best Buy store, you would know that there are dedicated "Apple Shop" sections, where you can buy - you guessed it - Apple goodies. Well, the tables are slowly turning, with news that there could be similar shops in Best Buy stores, from Samsung.

 

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It would be perfect timing with the company's launch of the Galaxy S4, with Geek.com reporting it might be happening very soon:

 

Geek.com has been told that the first wave of high traffic Best Buy locations will soon be receiving instruction to remove two aisles next to their mobile department and prepare to install a new Samsung store. This new section will be dressed in large Samsung signage and offer custom demo stations for many of Samsung's products. Locations with the new section will be issuing special training sessions for employees in the mobile department, focusing heavily on how to show off Samsung-specific features.

Continue reading 'Samsung could soon see a store-within-a-store in Best Buy' (full post)

Twitter ad revenue set to fly past $1 billion in 2014

Rolling the clock back to 2011, Twitter was making nothing from mobile advertisements - but what about now and going into 2014? eMarketer have said that 53% of Twitter's ad revenue comes from just mobile advertisements.

 

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eMarketer expects that Twitter's ad revenue will be around $582.8 million for 2012, with $308.9 million coming from mobile ads. These figures will blow out to around $1 billion for 2014, with 2015's numbers estimated to be around $1.33 billion with an expected 60% of which coming from mobile advertisements.

eBay headed toward $110 billion in sales by 2015

eBay started off as something small, but has grown into something incredibly powerful and profitable. So much so that the Internet auction site is estimated that their total volume of merchandise sold will reach $110 billion by 2015.

 

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The Internet auction site also sees a very large portion of their growth from developing markets, which will see a nice injection of both consumers and profits in the coming years. Bloomberg have noted that they estimate eBay to pull in between $21.5 billion and $23.5 billion in the year 2015 with their current business model.

 

eBay's continued success is thanks to current CEO John Donahue, who pushed for new features like mobile applications and local shopping tools. These goals have seen eBay's shares surge 75% since he took over from Meg Whitman in 2008. Just last year, eBay's sales grew 21%.

Bitcoins become a billion dollar market

Bitcoins have slowly but surely been plowing their way into the market, where they represent a billion dollar market. Bitcoins are an open source, unregulated peer-to-peer currency, with around 10.9 million bitcoins in circulation on a single marketplace.

 

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Bitcoins, at the moment, have a value of around $90, with the 10.9 million of them creating the billion dollar market. Bitcoins have stayed mostly away from the media's attention, but with the digital currency continuing to grow at breakneck speeds, I'm sure we're going to see some intervention soon enough. This rings especially true as bitcoins are used regularly as the currency of choice for the black market, assassins and drug dealers.

 

The digital currency does have a big upside, in the way that governments in economic troubles freeze citizens' bank accounts - bitcoins are safe from that. They're also easy to transfer between people without requiring citizens' personal information. There are of course downsides, with the growth of the digital currency possibly creating a bubble which will eventually pop, with people losing hundreds or thousands of dollars.

Continue reading 'Bitcoins become a billion dollar market' (full post)

Facebook founder might owe $1 billion in taxes

Around this time last year Facebook founder Mark Zuckerberg made a very hefty $13 billion when the social network went public, and now Zuckerberg could be looking at a tax bill of around $1 billion.

 

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The founder of Facebook was prepared for the taxes, which could've been why he sold $1 billion of shares on the day - trying to keep his handful of money a little lighter for the tax man. Zuckerberg has also been nice to charity, where he has given around $500,000,000 (that's $500 million!) to the SIlicon Valley Community Foundation, which should offset his tax bill by a decent margin.

Lenovo said to be considering buying NEC's handset business, anyone want a ThinkPhone?

Lenovo is said to be in talks with NEC to buy its mobile phone business in an effort to cut its losses after two years of being in the red. Reuters has confirmed sources statements that the two companies are in fact working on a deal to put Lenovo into the mobile phone game.

 

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NEC's mobile phone division is a joint venture with Casio with NEC owning a 70-percent stake in the business. NEC is also said to have talked with domestic buyers, but no deal was struck.

 

While NEC's phone sales make up just 6-percent of the Japanese mobile phone market, Lenovo could parlay this into an enterprise level smartphone company that could rival BlackBerry. Lenovo already has many corporate clients it could push phones onto as well as a vast and loyal consumer following that would snatch up a Lenovo branded smartphone in a heartbeat.

T-Mobile estimated to sell over 3 million iPhones this year

Horace Dediu of Asymco, estimates that T-Mobile could sell around 3.4 million iPhones this year, totaling 10% of their total subscriber base. This might have seemed like a stretch just a few days ago, but with the US-based company's new "UNcarrier" initiative, this could be an easy estimate to beat.

 

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Dediu's estimates are based off trends from AT&T, Verizon and Spring, as well as the percentage of total subscribers that each operator has been activating. The Asymco analyst notes that the sales patterns are consistent across all of the carriers, and that the longer Apple's iPhone is available, the higher the activation rate.

 

The analyst also estimates that iPhone sales across the top four US carriers will break through 53 million in 2013, which will account for 17% of the 320 million subscribers, an increase of 14% year-over-year.

Amazon acquires Goodreads, is on the rampage to improve the recommendations for Kindle users

Amazon have acquired Goodreads, who have a platform that is great at suggesting books to users. Amazon have announced previously that they were acquiring one or more popular reading recommendation engines, without any clear plans on what they were going to do with their acquisition.

 

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We can piece together that the retail giant is looking to help their Kindle reader line, as well as their array of Kindle apps. Amazon's vice president of Kindle Content, Russ Grandinetti has said "Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world -- together, we intend to build many new ways to delight readers and authors alike." The two companies are expecting the deal to be finalized in Q2, which isn't too far away at all.

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