Tag Archives: social networking

Orkut Is Giving Free Movie Tickets In Return For a Comment


From the Orkut blog

For Orkut users in Mumbai, we are giving away tickets to the latest movie releases on the 19th and 20th of February at PVR Juhu and Mulund.

All you have to do is follow these simple steps:

  1. Be in Mumbai on Feb 19 and Feb 20
  2. Log onto www.orkut.com/boxoffice
  3. Post a comment, a funny story or a movie review
  4. Get an email/scrap from us telling you the day, date and time of the movie and instructions on how you can pick up your free tickets!
  5. Pick up your tickets from the movie cinema at least 30 minutes before the show

 

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Obama to Meet With Zuckerberg & Other Tech Execs During San Francisco Trip


U.S. President Barack Obama is paying a visit to Facebook CEO Mark Zuckerbuerg and a roster of other technology executives during a trip to the San Francisco Bay Area this week.

On Thursday, February 17, Obama is slated to sit down with Zuckerberg and other tech CEOs at a private dinner during his overnight trip to the West Coast. President Obama will not be making any public appearances in the San Francisco area.

According to White House Press Secretary Jay Carney, “The focus of the discussion is innovation and job creation, and these are representatives of businesses… who know a lot about private sector job growth.

 


LinkedIn into IPO


The flotation, expected to value founder Reid Hoffman’s $21.4% stake at up to $642m, is thought likely to happen within the next few months and will involve the sale of at least $175m of new shares as well as the disposal of some existing stock by LinkedIn’s current investor

LinkedIn is growing at breakneck speed, almost doubling its membership to more than 90 million users last year in 200 countries. Speaking about the relative merits of LinkedIn and Facebook at an Internet conference in San Francisco in November, chief executive Jeff Weiner said the secret to LinkedIn’s long-term success would be that people like to keep their professional and private lives separate. “While many of us in college probably were at parties having a good time, I don’t know that many of us would look forward to having a prospective employer have access to pictures of those events,” Weiner said.

LinkedIn inched into profit in the first nine months of 2010, recording a $10m surplus, as revenues more than doubled to $161.4m. It offers a free service allowing members to create personal profiles emphasising their business qualifications, but makes its money through a premium subscription service, costing up to £63 a month, which gives members a greater level of contact with potential business contacts and employers and offers up its database to help users locate the people they need.


Egypt cuts off internet access


Egypt appears to have cut off almost all access to the internet from inside and outside the country from late on Thursday night, in a move that has concerned observers of the protests that have been building in strength through the week. “According to our analysis, 88% of the ‘Egyptian internet’ has fallen off the internet,” said Andree Toonk at BGPmon, a monitoring site that checks connectivity of countries and networks.

The cutoff appears to have happened around 10.30pm GMT on Thursday night. Only one internet service provider appears to still have a working connection to the outside world: the Noor Group, for which all 83 routes are working, and inbound traffic from its connection provider, Telecom Italia.


Twitter is Blocked In Egypt


Inspired by the recent Tunisian demonstrations against corruption, protesters are filling the streets of Cairo. And like the protests in Tunisia, the Egyptian ones were partly organized on Facebook and Twitter. And now Twitter appears to be blocked in Egypt.


Facebook Shares Hit $28.26 Per Share! That’s a $70+ Billion Valuation


The SecondMarket Facebook shares auctions are back on after a holiday break, and the valuation is up big time. The last auction prior to this one closed December 15 at $22.75/share. Today it hit $28.26 per share. With 2. 5 billion or so shares outstanding, that’s a $70.65 billionish valuation. A month and a half ago shares were trading on SecondMarket at a $50 billion valuation.

 

 


Myspace.com sale is likely in near Future


MySpace CEO Mike Jones has confirmed what we’ve suspected all along: The company is looking for someone to buy the failing property before it’s too late.

“News Corp. is assessing a number of possibilities including a sale, a merger and a spinout. The process has just started,” MySpace’s Rosabel Tao recently told Bloomberg after a company-wide briefing from Jones.

At this point, there’s little doubt that News Corp. wants to unload the money-draining Internet property. News Corp. could once justify its MySpace acquisition just from the hundreds of millions that Google paid it as part of its multi-year search deal.

However, while MySpace renewed its ad deal with Google last month, the terms were shifted significantly in Google’s favor. In the old deal, MySpace was guaranteed around $900 million in search revenue. In contrast, there is no guaranteed money at all in the new deal. MySpace’s revenue stream has been greatly reduced, and no redesign will bring Google’s money back.


MySpace CEO confirms heavy layoffs


MySpace said that it is laying off 500 employees, cutting its staff by 47%.

MySpace’s management kept most of the site’s developers but gutted nearly every other job role, according to a staffer who survived the cuts.

Once king of the social networking world, seven-year-old MySpace has fallen behind younger and nimbler rival Facebook. Acquired by News Corp.  in 2005 for $580 million in cash, the site’s active user base now hovers around 130 million — far short of Facebook’s 500 million.

Trying to reposition itself, the Los Angeles-based network recently rolled out a new interface focusing on music and social entertainment.

 


FACEBOOK WILL END ON MARCH 15th!


PALO ALTO, CA –Mark Zuckerberg announced that Facebook will be shut down in March. Managing the site has become too stressful.

“Facebook has gotten out of control,” said Zuckerberg in a press conference outside his Palo Alto office, “and the stress of managing this company has ruined my life. I need to put an end to all the madness.”

Zuckerberg went on to explain that starting March 15th, users will no longer be able to access their Facebook accounts.

“After March 15th the whole website shuts down,” said Avrat Humarthi, Vice President of Technical Affairs at Facebook. “So if you ever want to see your pictures again, I recommend you take them off the internet. You won’t be able to get them back once Facebook goes out of business.”

Zuckerberg said that the decision to shut down Facebook was difficult, but that he does not think people will be upset.

“I personally don’t think it’s a big deal,” he said in a private phone interview. “And to be honest, I think it’s for the better. Without Facebook, people will have to go outside and make real friends. That’s always a good thing.”

Some Facebook users were furious upon hearing the shocking news.

“What am I going to do without Facebook?” said Denise Bradshaw, a high school student from Indiana. “My life revolves around it. I’m on Facebook at least 10 hours a day. Now what am I going to do with all that free time?”

However, parents across the country have been experiencing a long anticipated sense of relief.

“I’m glad the Facebook nightmare is over,” said Jon Guttari, a single parent from Detroit. “Now my teenager’s face won’t be glued to a computer screen all day. Maybe I can even have a conversation with her.”

Those in the financial circuit are criticizing Zuckerberg for walking away from a multibillion dollar franchise. Facebook is currently ranked as one of the wealthiest businesses in the world, with economists estimating its value at around 7.9 billion.

But Zuckerberg remains unruffled by these accusations. He says he will stand by his decision to give Facebook the axe.

“I don’t care about the money,” said Zuckerberg. “I just want my old life back.”

The Facebook Corporation suggests that users remove all of their personal information from the website before March 15th. After that date, all photos, notes, links, and videos will be permanently erased.

 


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