Twitter Raises $35 Million From Venture Investors
http://online.wsj.com/article/SB123457085701286361.html
Venture-capital investors have put $35million in to Twitter, an online micro blogging website that allows users to post brief messages. The investors have not said how they plan on making money on the investment yet.
This comes as a big surprise to me, because I know that the online "social networks" are not doing to well in this economic crisis. Facebook is hurting because its main source of income is from advertisements and companies are cutting down on advertising online. So it will be interesting to see how these investors plan on making money on their investments because at this moment it does not seem like that will be a possibility. I don't know how Twitter make capital, but at this time I doubt that they are making any money at all. We will have to wait and see if this is a good move or if crashes and burns, which i think it will.
Monday, February 16, 2009
Monday, February 9, 2009
The Internet to Take Over TV
http://www.cnn.com/2009/TECH/02/06/internet.tv/index.html
More turning to Web to watch TV, movies
by Zach Pontz
In these hard economic times things such as cable TV are the first things that households eliminate in order to cut costs. But there is a solution for people to save money and stay up to date with their favorite TV shows, the Internet. In December there was a record 14.3 billion online videos watched which was a 13% increase from November. Hulu is an online database for TV shows and movies and is a substitute for anyone trying to cut costs on cable. There is a transition from TV to the Internet 24 million TV shows were viewed on Hulu in January a 25% increase from December, in a recent survey 20% of prime-time TV watcher say they watch TV shows on the Internet.
I think that there will be more and more people watching shows and movies on the Internet, just because of its convince and the fact that it costs nothing. The other advantage of the Internet is that there is no waiting for that one show, you can pick when and where you want to watch a show. I do not think that cable will ever lose all of its consumers but I think that the Internet will take a majority of them away.
More turning to Web to watch TV, movies
by Zach Pontz
In these hard economic times things such as cable TV are the first things that households eliminate in order to cut costs. But there is a solution for people to save money and stay up to date with their favorite TV shows, the Internet. In December there was a record 14.3 billion online videos watched which was a 13% increase from November. Hulu is an online database for TV shows and movies and is a substitute for anyone trying to cut costs on cable. There is a transition from TV to the Internet 24 million TV shows were viewed on Hulu in January a 25% increase from December, in a recent survey 20% of prime-time TV watcher say they watch TV shows on the Internet.
I think that there will be more and more people watching shows and movies on the Internet, just because of its convince and the fact that it costs nothing. The other advantage of the Internet is that there is no waiting for that one show, you can pick when and where you want to watch a show. I do not think that cable will ever lose all of its consumers but I think that the Internet will take a majority of them away.
Wednesday, February 4, 2009
RIP Facebook?
Facebook turns 5 -- but can it survive?http://www.cnn.com/2009/TECH/02/04/facebook.anniversary/index.html By Simon Hooper
Facebook was started by Mark Zuckerbery when he was 19 and living in a Harvard dorm room in 2004. Now he is the youngest billionaire on the planet and has an estimated fortune on $1.5 billion. Every one knows about Facebook, it give people the ability to stay connected with out really trying. Facebook contributed to Barack Obama's campaign and helped our newest president connect with younger voters. Just to give some background on how popular Facebook is every day 15 million people update their statuses, every month 850 million photos are added, and college student waist an average of an hour and a half a day on the site. In 2006 Facebook rejected a $1 billion dollar bid from yahoo, and in 2007 Microsoft paid $250 million for a 1.6 percent share. This pushed Facebooks value over $15 billion. The problem that has been creeping up on Facebook is that while their main stream of revenue comes from online advertisements, Facebook is not hitting much of a revenue. The global financial crisis is affecting web advertising in a big way, a way that could put Facebook down for good.
I think that even though Facebook is heading towards hard times, that it will have very little problem staying afloat. Every one and their brother are using Facebook, for god's sake my father in on Facebook. Companies have realized that Facebook is a golden opportunity to advertise to any target market. And as a back up plan Facebook could always sell, google bought up Youtube I'm sure that they would be more than happy to add Facebook to their already impressive line up.
Facebook was started by Mark Zuckerbery when he was 19 and living in a Harvard dorm room in 2004. Now he is the youngest billionaire on the planet and has an estimated fortune on $1.5 billion. Every one knows about Facebook, it give people the ability to stay connected with out really trying. Facebook contributed to Barack Obama's campaign and helped our newest president connect with younger voters. Just to give some background on how popular Facebook is every day 15 million people update their statuses, every month 850 million photos are added, and college student waist an average of an hour and a half a day on the site. In 2006 Facebook rejected a $1 billion dollar bid from yahoo, and in 2007 Microsoft paid $250 million for a 1.6 percent share. This pushed Facebooks value over $15 billion. The problem that has been creeping up on Facebook is that while their main stream of revenue comes from online advertisements, Facebook is not hitting much of a revenue. The global financial crisis is affecting web advertising in a big way, a way that could put Facebook down for good.
I think that even though Facebook is heading towards hard times, that it will have very little problem staying afloat. Every one and their brother are using Facebook, for god's sake my father in on Facebook. Companies have realized that Facebook is a golden opportunity to advertise to any target market. And as a back up plan Facebook could always sell, google bought up Youtube I'm sure that they would be more than happy to add Facebook to their already impressive line up.
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