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Business, Financial & Legal Posts - Page 87

Oxford English Dictionary recognizes Tweet as an actual word

We all know what "tweet" means, and for the uninitiated, it's when posting a "tweet" from Twitter, the second largest social network in the world. Well, now, it is considered an actual words thanks to the Oxford English Dictionary.

 

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OED chief editor, John Simpson, announced the word being official as both a noun and a verb, in his June update. Tweet has been a word previously, for birds obviously, but now the definition has been expanded to include Twitter, the explanation: "To make a posting on the social networking service Twitter. Also: to use Twitter regularly or habitually."

RumorTT: Microsoft shelling out $100,000 to some developers to build Windows Phone apps

Google and Apple are far out and just legging it in terms of application development, with app developers embracing the platform - but what about Microsoft? Well, it looks like they're having to shell out nearly $100,000 to some developers to build Windows Phone apps.

 

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This $100,000 isn't just for anyone, with Microsoft most likely handing the cash over to developers for specific, high-profile content. Microsoft are also running a separate program that offers every single developer $100 per app submitted to either the Windows Phone and Windows 8 stores.

Apple are adding an amazing 500,000 new iTunes accounts each day

Apple are still adding piles of new users to iTunes, but just how many are they adding on a daily basis? According to Horace Dediu of Asymco, the Cupertino-based giant are adding around 500,000 new iTunes accounts each and every day.

 

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If they keep this pace, they'll have added another 100 million iTunes accounts before the end of the year. There may be more users on iTunes, but revenue per account has actually dropped over the last couple of years. Dediu noted that each of the 575 million accounts generates half as much revenue, or $3.20 per month compared to Apple's 100 million iTunes accounts did in 2009.

Kim Dotcom shares the Megaupload raid video, NSA will be watching you

Ah, Kim Dotcom. Thanks for the laugh this morning with your latest tweet, which reads "NSA WARNING: Do NOT retweet this #Megaupload raid video. We know where you live." Check it out below:

 

 

You can see that Dotcom, and everyone on his land, had no chance but to surrender to the police. We all know this story, but Dotcom is using this time where the NSA is under the Internet's microscope to spread his story. I still can't believe this happened, but at least Dotcom is a free man. I'm sure the NSA have been watching his every move for quite some time now.

Continue reading 'Kim Dotcom shares the Megaupload raid video, NSA will be watching you' (full post)

Facebook's shields are up over the NSA debacle, reveal requests for user data from the US authorities

Thank you NSA, for not being as secure as you wanted to be, because all of this news is showing the world that user data isn't as secure as we thought it was. Facebook have now come out stating they received between 9000 and 10,000 requests for user data from US authorities in the second half of last year alone.

 

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These requests ranged from child disappearances to petty crimes, all the way to terror threats and saw between 18,000 and 19,000 accounts. Facebook didn't state how often they complied with the requests for users' data. The social network have said they "aggressively" protect their users' data, according to Facebook's general counsel, Ted Ullyot. He added:

 

We frequently reject such requests outright, or require the government to substantially scale down its requests, or simply give the government much less data than it has requested. And we respond only as required by law.

South Florida man facing bank robbery charges wants NSA phone records to defend himself

This is something that could be like pulling a thread from a very large ball of wool, but defense lawyers for Terrance Brown, who is a south Florida man currently facing bank robbery charges, have requested the NSA to provide them with Brown's mobile phone surveillance records to support his claim that he wasn't anywhere near the bank at the time of the robbery.

 

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The reason this request has been done is that we now know that the NSA requires all American phone companies to hand over the complete records of all of their clients' calls, including the GPS location data of the calls themselves.

 

The prosecution had told defense attorneys that they were unable to obtain Brown's cellphone records from the period before September 2010 because his carrier, MetroPCS, had not held on to them.

 

Not so fast, Brown's attorney Marshall Dore Louis argued in court documents filed in Fort Lauderdale days after the National Security Agency surveillance program was revealed last week...

 

...Louis argued in court Wednesday that the government should be forced to turn over phone location records for two cellphones Brown may have used because it could prove he was not present for one of the attempted bank robberies, on July 26 on Federal Highway in Lighthouse Point.

Continue reading 'South Florida man facing bank robbery charges wants NSA phone records to defend himself' (full post)

Google acquires social mapping company Waze for $1.3 billion

And for weeks now it is that apparent that social mapping software company Waze would be acquired by one of the Silicon Valley giants. Google, Apple, Facebook, and Microsoft were all tossing their hats into the ring to acquire Waze, but only one can emerge victorious.

 

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This morning Google has announced that it has acquired the Israeli company for a reported $1.3 billion. Google says that the Waze product development team will remain in Israel and operate separately for the time being and added "We'll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what's needed to grow and prosper."

 

For those unfamiliar with Waze, it is a social traffic and navigation app that is based on a large community of tens of millions of drivers around the world who share real-time road and traffic info with other Waze users. The app has just under 50 million users which is up over 10 million since February.

Google suggest they can predict box office performance with 94% accuracy

Google do countless things, but did you know that one of them is predicting just how much money a new blockbuster movie will make at the box office up to four weeks from its release? A new study from the Mountain View-based giant called "Quantifying Movie Magic with Google Search" has found that by using data from Google's search engine, they can predict a film's opening weekend box office results with up to 94% accuracy.

 

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Google puts them down to search volume for a movie's trailer a month before release, and as the release of the movie gets closer, the predictions become slightly less accurate. Just a week before a movie is released, Google uses search volume for a film's title rather than the trailer, combining this with theater availability to make predictions that are still around 92% accurace.

 

The company notes that if a movie receives 250,000 more searches than another movie that opens in the same week, it will make an average of $4.3 million more during its opening weekend.

RumorTT: Google to acquire Waze for $1.3 billion

If the current reports are true, it looks like Google could be gunning to acquire crowdsourced navigation app Waze for $1.3 billion. The deal isn't final yet, but according to reports, Google agreed to keep Waze workers at their Israel-based development center, and will allow the company to continue their development in Israel "for at least three years".

 

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The deal will reportedly see Waze CEO Noam Bardin continue his top dog position, while Waze will also keep their brand and won't be integrated into Google. There was a bidding war between social network giants Facebook and Google, with Google reportedly getting the +1.

ReportTT: Apple has Sony signed on for upcoming iRadio

Sony has reportedly signed on with Apple for Apple's rumored iRadio service. Many believe that iRadio will launch at this year's WWDC, so it's important for Apple to have deals with all three major music labels in hand ahead of the announcement.

 

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It's still possible that Apple has other issues barring it from a full launch, but they could still announce the upcoming product on Monday. It's quite likely that it would be announced during the keynote that takes place on Monday. We'll have coverage if iRadio does end up launching.

 

iRadio is believed to function much like Pandora, with the added abilities of instantly buying and downloading a song from iTunes should you discover you like it. Expect it to feature targeted ads to support a free version, with a possible premium version doing away with those ads.

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