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  • Twitter turned down $500m Facebook offer

    Twitter apparently turned down a 500 million dollar purchase offer from the social networking site Facebook in 2008, according to the Financial Times. In an interview with the British business daily published over the weekend, co-founder Biz Stone said Twitter wanted to become not just a popular site but a viable business, rather than be taken over by another company. "We've created something that people are finding value in," he said. "But we haven't yet created a business out of this, and we really wanted to do that." According to the Financial Times, Facebook CEO and co-founder Mark Zuckerberg offered 500 million...

  • ‘We’re going to be up to our armpits in crappy tablets’

    The annual Consumer Electronics Show (CES) kicks off in Las Vegas on Thursday but the hottest device around, and the trailblazing company that makes it, won't be on the sprawling show floor. Apple, whose iPad touchscreen tablet computer was the hit new gadget of last year, is once again shunning the electronics extravaganza that attracts tens of thousands of buyers and sellers from around the world to the Las Vegas strip. Apple may be a no-show but the Cupertino, California-based company behind the iPod, iPhone and iPad and its iconic co-founder Steve Jobs will loom large over the four-day event at...

  • Facebook now worth more than Boeing

    Social-networking behemoth Facebook could now be worth more than US aerospace giant Boeing and media company Time Warner. This new valuation is as a result of raising $500-million dollars from Goldman Sachs and a Russian firm in a deal valuing the site at $50-billion dollars With the fresh investment, Facebook has a bigger capitalisation than Boeing, at 48.7 billion dollars, or Time Warner, about 36 billion. But the site's annual revenue, primarily based on advertising, is estimated at two billion dollars, compared with Boeing's 64.62 billion and Time Warner's 26.5 billion. The New York Times, citing sources familiar with the deal,...

  • Enter the age of the petabyte, exabyte and zettabyte

    As internet consumers we're now firmly in the age of the terabyte. A terabyte (TB) is equal to about one thousand gigabytes, and it is storage space sorely needed in the age of High Definition (HD) video. Hard drives that have capacities of 1TB and 2TB or more are common-place in electronic shops. About ten years ago it was rare to hear the term terabyte, except perhaps in a science-fiction context or you were trying to (mistakenly) impress your geek girlfriend or boyfriend. But how long will it be till we are throwing the term "petabyte" around as easily? A...

  • 5 trends that will define the tech space in 2011

    2010 has been filled with overwhelming tales of growth and innovation in all things digital. Many people the world over have become more involved in online activities than they would have ever dreamed of. What can we expect to see from businesses and innovators in 2011? Here are five trends to watch out for: 1. Mobile interfaces becoming app-like sites 2010 will be thought of as the year that mobile internet transitioned from being "the next big thing", into "THE big thing". There are already a plethora of innovative mobile websites and services and creative platform-specific apps that use internet services...

  • Ubuntu’s fundamental flaw: Frozen full-screen apps

    A fundamental flaw has dogged Ubuntu through the years and there is still no sign of it being resolved. Misbehaving applications are one of the first hurdles that an operating system must overcome. Microsoft Windows endured mountains of criticism in its early days for allowing badly written applications to bring the whole OS to its knees. Linux is, in most circumstances, very resilient in handling problematic applications and Ubuntu is no exception to this. These problems are "water off a ducks back" for Ubuntu and the operating system will happily continue doing its thing when an app freezes or crashes....

  • Five red-hot Indian tech startups

    China’s enormous internet population has been getting quite a bit of press lately, but India is undoubtedly as much of an emerging world internet power. With more than 400-million internet users China’s online success stories, like QQ and Baidu, make even Facebook’s numbers look average. But India’s open economy, its high percentage of English speakers and its highly educated new caste of IT whizz kids make it a perfect breeding ground for tech entrepreneurs. Here are five of the most interesting startups to watch: Voicetap Founded: March 2009 Homebase: New Delhi Elevator pitch: Voicetap connects people in need of advice with genuine experts on every...

  • How the internet may be hurting our environment [Infographic]

    Here is a pretty comprehensive and well-researched infographic which looks into the effect the internet has on our environment. It makes the startling claim that "one search engine query can equate to driving your car three inches". The working world can also affect our environment, simply by working from home for two days a week can save the world a great deal of energy. Credit. var vglnk={key:"cc324b6567a9637aa0ff15bc9564b2a5"};!function(e,a){var t=e.createElement(a);t.type="text/javascript",t.async=!0,t.src="//cdn.viglink.com/api/vglnk.js";var n=e.getElementsByTagName(a);n.parentNode.insertBefore(t,n)}(document,"script");

  • Paypal to help set up e-commerce hub in China

    US online payment service Paypal has agreed to help set up an international e-commerce hub in southwestern China as more foreign companies cash in on the country's fast-growing Internet market. Paypal and the government of Chongqing have signed a deal to jointly develop a foreign exchange settlement platform in the mega-city to enable users to pay for cross-border online shopping transactions, they said in a joint statement. They also agreed to set up five international e-commerce centres over the next few months for verification, investment promotion, national telesales, merchant training and regional business development. Chongqing has become a popular destination for foreign...

  • World’s largest internet market just got larger

    The world's biggest online market just got bigger. There are now 450-million Chinese internet users, which is just over a third of the country's 1,3-billion-strong population, claims the country's government. This is added to the country's rapidly growing mobile internet user base. The China Internet Network Information Center (CINIC) reported last year that there were at least 277 million mobile Web users in China, up 43 million in six months. This figure is likely to have now surpassed the 300-million mark. The total number of cellphone subscribers in China tops 600-million -- all potential mobile internet users as the smartphone...

  • US mayor tweets through snow crisis

    While other officials took heat for their lame response to paralysing US blizzards, Newark's mayor ingeniously used Twitter and earnt himself political kudos for helping dig out those in need. "I need street names and patience," Cory Booker told one worried tweeter as up to 80 centimeters (32 inches) of snow trapped many New Jersey residents in their homes. An avalanche of responses followed, many of which Booker answered with personal house calls, shovel in hand. His Twitter account, @CoryBooker, reads like a real-time history of one man's struggle to free his city from the snow. "I'm on my way to Treamont...

  • Memeburn’s outstanding memes of 2010

    Culture defines an era and the internet is our time’s Rosetta Blog. While the cultural touchstones might be ephemeral and fleeting, we have to realise and appreciate the journey that brought us here. An insignificant event or idea can gradually evolve into a complicated and awesome product that needs to be recognised. We need to embrace the year for what it has given us and Memeburn is proud to bring you (in no particular order) the Best Memes of 2010. Still not sure what a meme is? It's an idea or belief, or pattern of behaviour that spreads...

  • Groupon raises $500m

    Internet sensation Groupon, which specialises in dishing out local bargains, says it has raised $500-million, just weeks after rejecting a multi-billion-dollar takeover bid by Google. The mega-financing, revealed by the Securities and Exchange Commission (SEC), was part of a funding round launched on December 17 that could fetch up to $950-million dollars. Google was believed to have offered more than five billion dollars to buy up the online discount shopping site early this month, but Groupon decided to remain independent. The Chicago-based startup is also considering an initial public offering to issue common stock or shares for the first time as part...

  • Egyptian president urged to free jailed Facebook user

    Reporters Without Borders has issued a joint call with rights groups for Egypt's president to intervene after an Internet user was sentenced to jail for starting a Facebook group for army recruits. President Hosni Mubarak was asked to "intercede in the case of Ahmed Hassan Bassyouni, a young man who was sentenced to six months in prison by a military court" on November 29, it said in an statement received in Cairo. The sentence was handed down to Bassyouni "just for encouraging his fellow Egyptian Internet users to enlist in the Egyptian armed forces," said the Paris-based media watchdog. RSF said it...

  • China cracks down on VOIP phone services

    China wants to restrict Internet phone services -- a move that could affect thousands of businesses and individuals making cheap calls via web-based communications companies such as Skype. "We are carrying out with relevant authorities a campaign to crack down on illegal Voice over Internet Protocol phone services", the Ministry of Industry and Information Technology said in a circular posted online earlier this month. In the brief notice, which did not offer details on the crackdown or a timetable for shutting down 'illegal' services, the ministry listed a telephone hotline for citizens to report any violations. The ministry declined comment when asked...