Facestagram deal goes through for $747m

When Facebook first announced plans to buy Instagram it made headlines around the globe. Rightly so too, this was a billion dollar deal. Except it hasn't turned out quite that way. The deal's still going through, of course. The US Federal Trade Commission (FTC) approved it a few hours ago. Now though it's worth a great deal less at US$747-million. US$300-million of that will be in cash, while the rest will me made up in Facebook stock valued at US$19.44 ...


Meet the top execs of the hottest US tech companies. Here’s what they earn

Tim Cook is Silicon Valley's highest paid CEO, but you already knew that. What do other high profile execs earn? Personal finance and credit service comparison company, NerdWallet, created a tool that shows the compensation of the highest paid executive for each of the S&P 500 companies. We delved into the data for 2011 and ranked the highest earners for some of the more well known US tech companies. Perhaps, like us you are simply curious, but there are some interesting things ...


Amazon launches Indian Kindle store

Well now, looks like Amazon's presence in India just grew in a big way. The tech giant today launched a localised version of its Kindle store in the country, meaning that people can now shop for Kindle books in rupees. Amazon says the Indian Kindle store will offer over one-million e-books including 70 out of the top 100 Nielsen best sellers. It also claims that it offers the "lowest prices of any e-bookstore in India". Kindle and Kindle accessories can also ...


Is Vodafone set for a major push into the South Pacific?

Rumours are rife that Vodafone is set to buy a 50% stake in embattled South Pacific Mobile Network Operator, BeMobile which will extend the UK mobile giant's footprint into Papua New Guinea and the Solomon Islands. Vodafone is believed to be in advanced negotations to acquire 50% of BeMobile, effectively buying out large and small shareholders, leaving the balance in the hands of existing shareholder, PNG Telikom. BeMobileʼs performance (read: mounting losses and shrinking market share) over the last few ...

Interviews, Social media

Pinterest is a ‘virtual refrigerator door': Q&A with Robert Scoble

Robert Scoble When most people hear the name Robert Scoble, the first thing that comes to mind is "Scobleizer". Scoble was probably the first person to get famous through blogging and also the first person to get an annoyance measurement named after him. In September 2008 Follow Cost, a site that calculates how annoying it will be to follow anyone on Twitter, launched the milliscoble unit of measurement, which is defined as: "1/1000 of the average daily Twitter status updates by Robert ...

General Tech

Dealing with Big Data: the ‘thin slice’ concept

servers It has been said that “the only way to eat an elephant is one bite at a time”, and this rings true for Big Data. Just as applications like Google have become synonymous with the concept of searching for information on the internet through the use of a search engine, it’s not surprising that application frameworks such as Hadoop are becoming synonymous with the concept of Big Data (it may be no coincidence that the logo for Hadoop is a ...

Apple, Microsoft

The real difference between Microsoft, Apple’s record valuations

Stock Market tablet News that Apple became the most valuable company ever has dominated the tech news space over the past couple of days. It was quickly pointed out that it didn't actually hold the mantle on an inflation adjusted basis, but then again who is checking that? It turns out that there are some folks. They have every right to do so, I just think they're looking for answers in the wrong places. The stock closed at a 52 week and all ...


Samsapple: Apple & Samsung make their last stand

applevssamsung It's been a long road getting here. Here is the skinny if you have been living under a rock: Apple claims that Samsung "slavishly" copied its mobile products (specifically the iPhone and iPad) and Samsung is countering with the defense that it didn't. Last week US District Judge Lucy Koh told the two companies to talk about a settlement over the phone “at least once” before the case reaches the jury. “It’s time for peace,” said the judge during the case ...


Sleeping Dogs: a sprawling, violent sandbox

Sleeping Dogs bears similarities to Grand Theft Auto. That much is clear. Both operate in a sprawling sandbox world with cars to drive, missions to undertake, and an overarching story lending purpose to you travels. Yet Sleeping Dogs has enough of its own flavour to leave a lasting impression. At times it’s even better than the aforementioned GTA; a surprise indeed for a game Activision canned because they thought it lacked quality. Read more on Gearburn.


Rocket internet mulling shutdown of China operations

International ecommerce cloning giant Rocket Internet is reportedly on the verge of shutting down its operations in China. According to The Next Web, the company is desperately seeking new investors in the country and will be forced to shut down its operations there if it fails to find any. If it does so, it will mean that around 60 jobs will be on the line. The tech news site reckons that Rocket's various businesses in the Hong Kong-China region will ...






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