Filed under: ONLINE SERVICES/INTERACTIVE MEDIA
ONLINE/INTERACTIVE MEDIA
Can you say $700? Google’s Q307 earnings are out, beating expectations and fueling even more. Google reported revenues of $4.23 billion, up 57 percent over Q306; the sequential increase was much smaller, 9 percent over the previous quarter. The company earned $1.07 billion, or $3.38 per share, up 46 percent over $733 million, or $2.36 per share, in Q306. The sequential change was healthy but not as dramatic: Google made $925 million in Q206. (http://www.paidcontent.org/entry/419-earnings-google-revenues-up-57-percent-profit-up-46-percent/ 10/18)
It’s time to put the Yahoo or Facebook acquisition deals from Microsoft to rest, suggests CEO Steve Ballmer during a talk at the Web 2.0 Summit. Microsoft would consider buying small startups, he says. The software giant is rumored to be considering taking a stake in Facebook. (http://www.webpronews.com/topnews/2007/10/18/ballmer-rules-out-yahoo-facebook-buys 10/18)
MySpace plans to double its workforce to 1,600 in the next year to add features and expand outside the United States, says CEO Chris DeWolfe. The News Corp. unit expects to get more revenue from its non-U.S. editions. “We’ll run out of people in the U.S.,” he says. (http://www.bloomberg.com/apps/news?pid=20601087&sid=azhntKZtpppg 10/18)
Microsoft CEO Steve Ballmer gave a demonstration Thursday of new mashup tool Popfly, at the Web 2.0 Summit in San Francisco. The tool allows ordinary Web enthusiasts, with little or no programming knowledge, to create applications that run on sites like Microsoft’s Windows Live Spaces and Facebook. (InfoWorld/IDG News Service 10/18)
Comcast actively interferes with attempts by some of its high-speed Internet subscribers to share files online, according to a test conducted by the Associated Press. Such blocking runs counter to the tradition of treating all types of Internet traffic equally. (http://news.yahoo.com/s/ap/20071019/ap_on_hi_te/comcast_data_discrimination_tests 10/20)
Hoping to take local news and events to a whole new level, Cablevision, through its News 12 Networks, has started launching what could be as many as 800 user-generated Web sites throughout its coverage area. The so-called My Town Web sites allow users to analyze local news and issues and share photos and videos.( Multichannel News 10/18)
Sen. Barack Obama is the next candidate to be features on MySpace and MTV’s presidential dialogue series on Monday, Oct. 29 to be held at Coe College in Cedar Rapids, Iowa. The interactive dialogue, powered by Flektor, will be streamed live on MySpace, MTV’s ChooseOrLose.com and MTV Mobile and premiere on MTV at 7 pm ET/PT that evening.
Palo Alto-based Doostang, a career-oriented networking and jobs site, has raised $3.5 million in a first round led by Shasta Ventures, reports VentureBeat. It previously raised a small angel round from unidentified investors. The company’s most obvious competitor is LinkedIn, though its trying for an elite user base by going invitation only. The company’s blog says the service recently passed 300,000 users. (http://www.paidcontent.org/entry/419-social-jobs-site-doostang-raises-35-million-first-round/ 10/18)
Read the top line in the image below. Doostang is like the snobby elitist kid you avoided in college. Can we all just agree that we don’t need more of the same within the social networking space? All this segmentation is frustrating me.
Akamai Technologies will install server computers in Starbucks stores to speed up customers’ in-store iTunes downloads, the company announced Thursday. Akamai will first install its servers in 900 stores in New York, Seattle and San Francisco. Service will then expand throughout the U.S. (The Boston Globe 10/19)
Advertising is likely to start appearing on the BBC.com Web site starting next month. BBC Worldwide is moving quickly to generate revenues from its global audience following new approval for the controversial plan from the BBC Trust. (http://media.guardian.co.uk/broadcast/story/0,,2193995,00.html 10/18)
The United States is losing its clout in the Internet as other countries develop faster growing markets, says Morgan Stanley analyst Mary Meeker at the Web 2.0 Summit. Germany leads in e-commerce and the United Kingdom leads in online advertising, she notes. (http://www.informationweek.com/management/showArticle.jhtml;?articleID=202404434 10/18)
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