Monthly Archives: June 2011

MySpace Sells for $35 Million

It’s amazing how quickly things in life can change.  Just a few short years ago social networking website MySpace was legendary and considered hip amongst the younger generation.  Really, I remember a time when you would meet a person in line at a grocery store, and instead of swapping mobile numbers or even email addresses you would link up on MySpace.  And the socially driven website wasn’t just a hit with run of the mill folk like you and me, either.  Businesses, organizations, and bands from all areas flocked to MySpace as a mechanism to attract and keep up with fans and customers.  Simply put, MySpace was the place to be on the Internet.  Needless to say, the seemingly endless potential of the website was just too much for Rupert Murdoch’s News Corporation who swept up the then-popular website in July of 2005 for an eye-popping $580 million.

Over the years, though, MySpace has gone south in more ways than one.  Even after working to redefine its public image and re-attract user, the company was forced to lay off about 500 employees earlier this year.  Why?  The company simply wasn’t generating enough capital to justify the investments that News Corporation was putting into it.  This said, it shouldn’t come as any surprise that the company sold off MySpace this week to Specific Media for a sum of $35 million.  Sure, it’s a pretty chunk of change, but compared to what the site was worth just years ago I for one think it’s pretty pathetic.

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Formspring Reaches 25 Million Registered Users + Infographic

Formspring, a social network that lets people find out more about each other by asking each other questions has reached the 25 million user mark in just 18 months.  The news of the new milestone is also accompanied by the addition of Sukhinder Singh Cassidy to the company’s Board of Directors.  Singh Cassidy most recently served as the CEO at social commerce site, Polyvore, Inc, she also served as CEO-in-Residence at Accel Partners, and also spent some time at Google as the President of its Asia Pacific and Latin American divisions.

At this time, Formspring has yet to share how it plans to monetize the site.  While the site is still new, it appears the company does have some ideas to continue growth and monetize, so it will be interesting to see how it turns out.  It’s also no secret that the Q&A space is very hot right now, there are a lot of new companies in it and all of them are looking for ways to one-up each other.

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Best Buy Stops MacBook Air Shipments

Best Buy, who is one of Apple’s largest resellers, has stopped the shipment of MacBook Airs, while Amazon says their stock is ‘Low’. This is usually a sign of an upcoming refresh. It seems like it was yesterday that the Air’s got their newer, sexy design, but a refresh is due. The internet has been flooded with rumors of new Airs, Mac Pros, and iMacs possibly coming in July.

The main upgrade for the MacBook Air would be a newer processors, and of course, OSX Lion. The Air is one of my favorite Apple laptops, because they are just so darn sexy. I would most definitely buy a new Air if they are upgraded with a more powerful Sandy Bridge processor from Intel. An upgrade in the Mac Pro line also seems imminent.

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How Would iCloud Fare at the Enterprise Level?

When Apple’s legendary Worldwide Developers Conference rolled around earlier this month, I must admit that I was personally a tad disappointed at the lack of new hardware that many expected to be unveiled.  Like many, I myself was secretly wishing that the company would unveil the next generation Apple iPhone.  However, even without the presence of new hardware to show off, Apple’s developer conference wasn’t a blow by any stretch of the imagination.

One of the things that I found most intriguing was the “iCloud” service, which is expected to be unveiled a bit later this year.  The ability to seamlessly synchronize files and collaborate efficiently with other users is a very promising development.  Even though some will argue that Apple mimicked and stole ideas from other developers, I must say that the cleanliness of how things appear to be tied together make the upcoming service something that I believe will be an instant hit with consumers.

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Verizon to Discontinue Unlimited Data Plans Next Month

We’re now seeing news develop that Verizon, one of the largest mobile networks in the US and very well known for a media campaign against rival AT&T, has announced that they too have decided to drop unlimited data services as one of their offerings as well. Now, if you’re a current subscriber to Verizon Wireless service it is important to realize that this change will not affect your plan or bill at the end of the month.

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Why Does Apple Score So Much Free Product Placement?

As far as weekdays go, yesterday was a pretty relaxing day. Being my day off, I plopped into the lazy chair in the living room; remote and phone on a side-table, dog and laptop on my lap. And for the better part of the day I remained a fixture in this spot while watching a handful of movies and television shows, cleaning off the DVR to make room for television shows next season.

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Should Google Adapt Unlimited Storage?

Today every single Gmail account gets a standard inbox capacity just under seven and a half gigabytes. But although a far jump from what the service offered only a matter of years ago, Gmail’s capacity is no longer an outstanding feature for the service. Other free email providers like Microsoft’s Windows Live Hotmail, Yahoo! Mail, and even America Online have all implemented “unlimited” storage for some time now.

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