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  • Chinese social network IPO hopes to raise $583-million

    China's most popular social network Renren filed for an initial public offering in the United States on Friday in the hopes of raising as much as US$583-million. Renren, in papers filed with the US Securities and Exchange Commission (SEC), said it plans to list on the New York Stock Exchange under the symbol RENN. It said it will issue 53.1-million American Depositary Shares priced between US$9 and US$11 a share. In the papers filed with the SEC, Renren said it had 117-million activated users as of March 31 and has been adding approximately two million new users a month over the past...

  • Net Prophet offers mentorship opportunity to budding tech startups

    Net Prophet, South Africa's technology startup event, is offering promising technology start-up ventures the opportunity to receive three free days of personal hands-on mentoring and coaching at the Startup Acceleration Workshop, which takes place prior to the conference being held on 12 May, in Cape Town. Facilitated by world-renowned senior Seedcamp Mentor and Angel investor, Permjot Valia, and backed by Old Mutual, the mentoring workshop aims to help South African start-ups to fast-track their businesses towards commercial success, and compete in the international arena. Permjot, is the founder and CEO of Help with Sales Ltd. and has been an active business...

  • The IFA global press conference 2011

    The IFA Global Press Conference takes place this weekend in Alicante, Spain. The conference is a showcase of some of the top electronic brands from around the world and the forthcoming innovations they intend to launch. Set in tranquil surroundings, brand leaders have been brought under one roof to present flagship technology to the press -- which includes delegates from all around the world. The event began with introductions by IFA’s Executive Director, Jens Heithecker outlining IFA's goal to be the leaders in technology and innovation. The manner in which IFA is going about this is by providing a...

  • ANCYL no longer wants to shut Twitter down

    After the ruckus over how Twitter is a place for “desktop activists" who are disconnected from the masses, the ANC Youth League (ANCYL) has had a change of heart. The organisation has now, after many media rants, decided to embrace the microblogging site. The Youth League has always played a major part in the South African Twitter experience. With its controversial President, Julius Malema, and often colourful spokesperson, Floyd Shivambu, being media favourites -- there have been many noteworthy ANCYL moments on Twitter, the media's new playground. One memorable case was the ejection of BBC journalist, Jonah Fisher from...

  • Confusing, amusing and pointless — The YouTube 7

    YouTube is fun. It is a place for the talent and the untalented. As the video sharing site says it seeks to "give everyone a voice". However, looking at some of what is featured on YouTube, you have to wonder, does everyone deserve a voice? Here are seven videos to add that extra something your day is lacking. Meet on Facebook We are a obsessed with Facebook. There's no denying it we love it and it really should help us found the love of our lives. Romancing through song is nothing new. With certainty I tell you that the first beat ever...

  • African developers to compete on innovative Android mobile apps

    Every day more than 300 000 Android devices are activated globally. A growing number of these mobile device activations are in markets across Africa, making local African mobile content more relevant and important than ever before. In recognition of this, Google today announced its Google Android Developer Challenge, inviting talented and creative developers in sub-Saharan Africa to design and build original Android applications for mobile phones that will delight users. Categories for entries include entertainment, media and games; social networking and communications; and productivity, tools and lifestyle. Winners will each receive an Android phone and US$25,000. "In the past year alone, we...

  • Arianna Huffington dismissive of ‘unpaid bloggers’ lawsuit

    Arianna Huffington, co-founder of The Huffington Post, has dismissed as "utterly without merit" a lawsuit filed against the website claiming compensation for unpaid bloggers. Huffington, who sold The Huffington Post to AOL two months ago for $315 million, said the vast majority of contributors to her news and opinion site are happy to do so for free because of the exposure it gives them. Jonathan Tasini, a freelance journalist, sued The Huffington Post on Tuesday and is demanding at least US$105 million for unpaid bloggers on the grounds that they should be compensated for the value they have created for the...

  • Magnum’s compelling new Flash advertising campaign

    An astonishing new advertising campaign for Magnum Ice Cream's has just been launched, which exploits all the best aspects of the social web to create a fun, engaging and original campaign with a heavy dose of the Wow! factor thrown in. What's more, it's all been created using the much-maligned Flash. The campaign is called Pleasure Hunt and it was created by Swedish agency Lowe Brindfors, based in Stockholm. The story revolves around a beautiful young woman who undertakes a journey/adventure through the world wide web, passing through iconic websites such as YouTube and Spotify, past Dove beauty...

  • Shift in revenue for Google partner sites

    Google's first quarter 2011 financial results show a significant shift in revenues away from its partner sites in its AdSense advertising network. Google typically relies on partner sites for about 30% of total revenues but over the past year it has managed to reduce that to 28%. Many Google partner sites have been criticised for being spam sites and content mills. But there are also many respectable news sites, such as The New York Times, in the partner program. In the most recent quarter Google paid its partner sites US$1.7 billion, up 19% from a year ago. However, revenues to Google's sites...

  • The current state of social networking: Winners and losers [Infographic]

    Social networking has been the "in thing" since 2006 when the rest of the world discovered Facebook. The social networking giant is without a doubt king of the social networking royal court with more than 600-million users. This royal court also consists of other social networks some you might not have heard. It appears social networking peaked in 2009 and dropped slightly in 2010. Usage in 2011 has been steady with more users flocking to Tumblr, Chinese microblogging site Weibo, Reddit, Stumbleupon and LinkedIn. At the same time it is unsurprising to note that MySpace and Hi5 usage have...

  • Google shares drop 5% after first quarter earnings report

    Despite reporting a US$2.3 billion profit, Google shares fell in after-hours trading on Thursday as the internet giant's earnings came in slightly below Wall Street expectations, dragged down by rising operating expenses. The Mountain View, California-based Google reported a first-quarter net profit of $2.3 billion, up from $1.96 billion a year ago. Net revenue rose 29 percent to US$6.54 billion in the quarter which ended on March 31, better than the US$6.32 billion expected by analysts, but earnings per share of $8.08 came in below the forecast of $8.11. Google shares fell 5.36 percent to US$547.50 in after-hours trading as investors appeared...

  • Mobile social network Motribe celebrates ‘one million user’ milestone

    Memeburn has it on good authority that Motribe, the relatively-new mobile social networking platform that empowers users across the world with tools to build and manage their own mobile social network, claims to have now hit the "one million user mark". The venture capital-backed startup focuses its attention primarily on emerging markets in Asia and to some extent Africa, and markets itself heavily on mobile advertising networks like Google Adsense for mobile and Admob -- where much of the service's traffic is thought to emanate. Motribe is backed by early-stage venture capital company 4DiCapital, which forms part of international...

  • The ‘hyper-fragmented’ state of the music industry: Where to from here?

    The digital, online revolution has had a profound effect on almost every industry you can think of. But perhaps the hardest hit of all has been the music industry, where the model that worked for generations has collapsed and new ways of making people pay for music are being tried and tested every month. A comprehensive report into the "Hyper-Fragmented World of Music" by research company Nielsen reveals a complex picture of the massive music industry that could provide a road map for engaging with fans during the digital era. The "watch habit" Conducted over 53 countries in conjunction with...

  • Piers Morgan vs Rio Ferdinand: The Twitter catfight

    The media loves Twitter. The media loves celebrities. The media really loves celebrities feuding. The media really, really, loves a feuding celebrity being told off. Add all of that together and you've got the perfect 'news' story. Esteemed and trusted media house, The Guardian, with much apparent glee late last night (UK time) ran a story on how former Manchester United captain Rio Ferdinand had apparently been contacted by an official from Twitter who told him to cease "cyber-bullying" under the headline, "Twitter shows Rio Ferdinand yellow card for cyberbullying Piers Morgan". The website stopcyberbullying.org defines cyber-bullying in part as,...

  • Could that really be your next tweet?

    Twitter has become a great resource in today's journalistic landscape. In fact Twitter is a great resource in general. However at its basic core, the fundamentals of the microblogging site is that it is an amazing distraction. Yes Twitter can be a super time waster. What's even more time consuming are some of theTwitter resources out there. There are plenty of them, ones that feed to your vanity measuring your influence (telling you how "powerful" you are in the tweetosphere), ones that aggregate your tweets and tells you which tweets will get you more followers and ones that exposes...