MySpace has seen better days. And months. And years, for that matter. After eliminating "major redundancies" to the tune of about 500 positions, MySpace's company profile is beginning to resemble more and more their color scheme: black and blue all over.
Everyone is pointing the finger at Facebook, the White Whale of social media- and they're all correct. Facebook's success has overshadowed MySpace for the last two years, if not longer. It got to the point where CEO Mike Jones was forced to admit in November of 2010 that MySpace couldn't compete anymore, would be rebranding itself as a social media entertainment destination of sorts. For all of you keeping track, Yahoo pulled a similar maneuver in the past few years when it failed to stack up to Google in Search- they repositioned themselves as an entertainment news site. And furthermore, if anyone reading this is old enough to remember AOL when it didn't own like 23498 blogs, they did pretty much the same thing when their subscription service tanked (you know, when people realized they could just download an internet browser?).
Despite the repositioning efforts which netted the implacable MySpace 95 million unique users, its reported that the site went from 73 million to 63 million unique users in a four-week span between January and February.
Despite their recent issues with Oracle, HP has got Latin America locked down when it comes to technical infrastructure. The company announced today that they will continue the relationship that started over a decade ago with the Mexican arm of soft-drink giant Coca-Cola to the tune of $100 million and 5 more years. Hector Calva, Chief Information Officer of Coca-Cola FEMSA commented,
After experiencing sustained growth across Latin America, these additional efforts to centralize and standardize will give us the support we need to find new opportunities to put beverages in the hands of the Latin American people.
Something tells me that the Latin American people want more opportunities than just a soda en los manos, but the idealism is almost as refreshing as their iconic beverage. HP is reportedly consolidating 348 different locations to a single data center in Mexico- from a business perspective, that sounds like a lot of people will be out work once the debris settles. Hopefully they've been there long enough to take advantage of their stock opciones.
British man jailed for two years after hacking Zynga Poker servers and stealing $11 million worth of virtual currency
Five letter word for this man? Idiot. A British man has been sentenced to two years in prison for hacking Zynga Poker servers and stealing $11.4 million worth of virtual currency for Zynga Poker.
Ashley Mitchell, from Devon, hacked into the Zynga mainframe and stole the identity of two Zynga employees to transfer millions of dollars of in-game currency to accounts that were in his name. He then sold the chips on the "black market" for cheap chips for the game. After selling roughly one third of the chips, he had made £53,612. Not too shabby and for only a portion of the real "value" of the chips.
You'd think Oracle would have seen this coming.
HP Supports Customers Despite Oracle's Anti-customer Actions
Amid plummeting SPARC server market share, Oracle seeks to force customers to buy their servers
PALO ALTO, Calif., March 23, 2011
HP today reiterated that it will continue the development and innovation of Itanium®-based Integrity server platforms with its HP-UX operating system using a roadmap that extends more than 10 years.
In addition, HP will continue to support customers running existing versions of Oracle software on Itanium-based Integrity servers, both existing and future platforms, during the same timeframe. Last year, HP launched the industry's most modern mission-critical architecture in more than a decade. This constitutes the longest published roadmap of any UNIX vendor in the industry.
"Oracle continues to show a pattern of anti-customer behavior as they move to shore up their failing Sun server business," said Dave Donatelli, executive vice president and general manager, Enterprise Servers, Storage and Networking, HP. "HP believes in fair and honest competition. Competition is good for customers, innovation and the marketplace. We are shocked that Oracle would put enterprises and governments at risk while costing them hundreds of millions of dollars in lost productivity in a shameless gambit to limit fair competition."
AMD have announced they've hired Mike Wolfe as AMD's chief information officer. Wolfe brings more than 30 years of engineering and information technology experience as well as being vice president of IT for product development and engineering at HP for the past five years.
Wolfe will be responsible for managing AMD's global technology infrastructure and will report to Thomas Seifert whom is senior vice president and chief financial officer and interim CEO.
The swipe of AT&T's ultra-platinum-super-crazy credit card can be heard the world over with news appearing today that AT&T has entered into a definitive agreement to acquire T-Mobile USA from Deutsche Telekom in a cash-and-stock transaction currently valued at approx. $39 billion.
The agreement has been approved by the Board of Directors of both companies, Deutsche Telekom will receive an equity stake in AT&T that gives it an ownership interest in of approximately 8-percent. The deal also allows a Deutsche Telekom representative to join the AT&T Board of Directors. The deal is meant to be sealed, awaiting regulatory approval within the next 12 months.
Google have had a great time with YouTube and have said that 2010 has been a great year for YouTube. The results of this success are leading YouTube to hiring more staff to allow YouTube to grow. The plan is to expand its staff by 30-percent which makes it the largest hiring year in the history of YouTube.
Right now, YouTube has between 600 and 700 staff, a 30-percent increase would create 200 new jobs. YouTube launched on February 14, 2005 and has enjoyed rocketing success since. YouTube sees 35 hours of video uploaded for every minute that passes and well in excess of 2 billion views per day!
Steve Jobs today announced at the Apple event in San Fransisco that Apple now have 200 million people with Apple ID (iTunes) accounts. These accounts are tied to credit cards with one-click purchase access.
"Amazon doesn't publish their numbers. But it's very likely that this is the most accounts with cards anywhere on the Internet," Jobs said. Apple also has now paid out over $2 billion to app developers directly thanks to those 200 million customers from the App Store. Jobs also said there are now 350, 000 apps in the App Store with 65, 000 specifically built for the iPad.
Telstra are set to open 100 new stores over the next three years, the stores will feature a simpler product range and accessories tailored to suit local markets, Telstra chief executive David Thodey said. "Our existing stores welcome around 30 million customer visits each year, and this initiative means our retail outlets will now appear in even more locations, making it easier and more convenient for customers to interact with us," Mr Thodey said.
Telstra are also looking at a new online customer service unit to improve customer satisfaction with the boom in its customer base. The unit would develop ways for Telstra customers to do more of their transactions such as, changing plans, ordering new services, or activate additional features, online rather than having to call a call centre.
Rumor has it AMD is for sale, with the rumors circling around AMD's stock rose by roughly 5-percent on Monday. Wedbush Securities analyst Patrick Wang said "there is no management team there" and he is right. CEO Dirk Meyer was forced out last month, COO Bob Rivet and strategy chief Marty Seyer last week.
That's quite the loss for AMD all at once which leaves AMD with a large buyout target on it's back. Adding to the rumor-mill is Dell are interested in AMD. Dell could do with the acquisition as it would distance itself from the cold, corporate world that is Hewlett Packard, Lenovo and other rival system-builders.
Valve's digital distribution platform, Steam, has been rumored to control between 50 and 70-percent of the entire downloadable PC games market. The digital distribution market on PC is said to be worth $4 billion USD.
Newell talked to Forbes as part of a company profile and said that Valve was "tremendously profitable", but would not give specific figures. Valve is a private company after all and does not release financial reports publicly either. Newell did say that Valve's 200 percent year-on-year growth and relatively small headcount of just 250 employees made the company more profitable than Google or Apple.
Facebook and Google both had Twitter in their targets last year and even went as far to have talks with Twitter. Obviously all three companies have declined to comment on the news.
The meetings have let the flood gates open and rummaging through the wreckage is a golden nugget of info, Twitter was valued by Google and Facebook at between $8 billion and $10 billion. This is all according to sources quoted by The Wall Street Journal:
The RIAA has been sniffing up the arse of a tonne of people who download illegal content over the past few years, with 100, 000 copyright infringement lawsuits in the USA in the past 12 months alone.
But now, the pornography industry are following in their footsteps by suing everybody in sight in order to scare people into no longer downloading their content. The Hurt Locker was last year's Oscar winning film about the Iraq war. The producers behind it complained that nearly nobody had seen the movie and that the result of this were illegal downloaders.
It's hard to keep up with all the goings on in the tech world. The proposed purchase of security firm McAfee by Intel first surfaced back in the summer of 2010. The deal didn't get the nod in the US until December. While the US was eyeing the purchase, the EU was as well.
Intel has now received the approval it needs in the EU to complete the purchase. The deal will cost Intel $7.68 billion and will let the chipmaker integrate its processors much more tightly with security software. Before the EU would approve the deal, Intel had to put some commitments in writing.
The commitments included an agreement to allow other security software makers access to the same hardware McAfee has access to, and to allow other hardware makers to be supported by McAfee. Specifically AMD is to have access. The deal is expected to complete this quarter.
Facebook started as the new guy in the social networking scene a few years ago when MySpace was dominating the market in the US. Facebook had more cool to it than MySpace though and users started flocking to Facebook and away from MySpace. Today MySpace is nearly at an end.
While MySpace sinks, Facebook is riding the tide of success to new heights all the time. The latest round of financing for Facebook has happened over the last month or so. The interesting part to me is that Facebook didn't seek more money; Goldman Sacs approached Facebook with an offer for investing in the company.
Over the last several weeks, Facebook has taken in $500 million of new investment and an additional $1 billion in new investment from overseas. Facebook could have taken as much as $1.5 billion from the overseas investors and actually turned some of the money offered down. Facebook reports it has no plans to use the money right now and will use it as cash reserves. Facebook is valued at $50 billion.
AMD has posted their quarterly results showing $1.65 billion in revenue, $375 million in net income. It doesn't sound impressive, but the numbers their pushing with products is getting there.
1.3 million Fusion APU's shipped to AMD partners (since November), Radeon HD 5000 and HD 6000 series GPU's have passed the 35 million units shipped mark. Not bad, not bad at all.
Facebook's worth a ton of loot; we all know that. The latest reports estimate Zuckerberg's empire at around $50 billion. The new piece of news that was unleashed today is that Facebook has a timeline for going public: April 2012.
While the idea of owning Facebook stock sounds a little odd when you first think about it, the company is big business and is expecting to pass 500 shareholders at some time this year, which will require the company to start filing public financial reports. This will most likely result in a Facebook IPO hitting, which makes sense for the company if it continues growing at this staggering rate. Imagine; hitting the Like button to keep your investments profitable!
Google had their quarterly earnings release today and along with it they've announced their top-level management structure, with co-founder Larry Page replacing Eric Schmidt as CEO as of April 4th.
Page will handle the day-to-day operations while Schmidt will become Executive Chairman and focus on business deals, partnerships and outreach. Co-founder Sergey Brin will use his power for new and strategic product efforts.
Infamous Wii-hacker Johnny Chung Lee has left Microsoft after working for them with Project Natal (now known as Kinect). Johnny worked for Microsoft for three years working on human tracking algorithms for the Kinect within the Microsoft Applied Science group.
He has jumped ship to Google and is taking a position as a "Rapid Evaluator" - what this is, I do not know, but it could be a big win for Google's rumored Gaming portal.
Found this video on my daily troll of websites, a behind the scenes look at Lexar (a division of Micron) and their production process. Micron is the only chip manufacturing plant in the US and more specifically it's in Ohio.
The video is great, little facts amaze me like, the plant's clean room is 100 times cleaner than a hospitals operating room. Crazy fact! It also shows just how much work can go into something so small.
It looks like Apple CEO Steve Jobs is off to battle another nemesis, and it's not the PC or competing tablets. Jobs announced to his employees this morning that he is taking a medical leave of absence from Apple, leaving Tim Cook to handle the day to day operations at Apple.
You can say what you want about Jobs, but you can't say he isn't tough. His previous medical history includes a bout with Pancreatic Cancer in 2004 and a liver transplant in 2009, both of which he fully recovered from. No specifics were relased about the reason for the latest leave of absence, but more may be released during Apple's Q4 and 2010 earnings release tomorrow.