Big

Google pads IP portfolio, purchases Cuil’s pending search-related patent applications

Source: http://www.engadget.com/2012/02/21/google-buys-cuils-search-related-patent-applications/

Google pads IP portfolio, purchases Cuil's pending search-related patent applications

Google’s been buying a fair amount of IP over the past several months from IBM, and now the Big G has acquired seven new patent applications from the now-defunct search engine, Cuil. Back in 2008, Cuil aimed to take Google’s crown as the king of search, but was shut down 2010 because it often failed to provide relevant results (despite its massive site index). Good thing the patent apps Google’s gotten are for different methods of displaying search results, as opposed to, you know, finding them. The full list of assignments can be found at the source below, so head on down to get your fill of patent claims and black and white drawings.

Google pads IP portfolio, purchases Cuil’s pending search-related patent applications originally appeared on Engadget on Tue, 21 Feb 2012 02:44:00 EDT. Please see our terms for use of feeds.

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Tuesday, February 21st, 2012 news No Comments

Verizon and Redbox team up to launch streaming and physical media service later this year

Source: http://www.engadget.com/2012/02/06/verizon-and-redbox-team-up/

Verizon Redbox

It once was a rumor but now it’s real: Verizon and Redbox are joining forces on what is said to be the “best of both worlds” — a service that will offer both physical media and streaming content for subscribers. Details are slim at this point but the supposed “Project Zoetrope” will offer DVD and Blu-ray media in addition to on-demand streaming plus downloadable content. The Netflix-like service will be launching in the second half of this year and, while “multi-platform” support for “devices” is mentioned, it’s not stated whether any of those will be non-Verizon. Though, Big Reds’ claims that it will “erase all technological boundaries” does make us slightly optimistic. Still, we’ll have to wait a few more months to know for sure.

[Thanks, Kevin]

Continue reading Verizon and Redbox team up to launch streaming and physical media service later this year

Verizon and Redbox team up to launch streaming and physical media service later this year originally appeared on Engadget on Mon, 06 Feb 2012 09:10:00 EDT. Please see our terms for use of feeds.

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Monday, February 6th, 2012 news No Comments

Facebook Revenues Are Decelerating

Source: http://www.businessinsider.com/chart-of-the-day-facebook-revenues-are-decelerating-2012-2

Facebook revenues are decelerating. That is the reason why we don’t think the company is actually worth $100 billion. It’s more like $75 billion, and that’s if you’re optimistic.

Facebook revenues decelerating

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Friday, February 3rd, 2012 news No Comments

Here’s Facebook’s Next Big Business

Source: http://www.businessinsider.com/chart-of-the-day-heres-facebooks-next-big-business-2012-2


Facebook’s ad revenue may not be growing fast enough to justify a $100 billion valuation. But ads are not the company’s only source of revenue.

Payments are becoming a big deal as well.

Last summer, Facebook started charging companies like Zynga 30 percent of each transaction — like purchasing a virtual good like a cow. (That’s a big reason why Zynga accounts for 12 percent of Facebook’s revenue, alhough that figure includes advertising as well.)

So although payments started as a tiny sliver of Facebook’s overall revenue, now it’s up to about 17 percent of the total.

As companies start to sell other kinds of goods through Facebook, like concert tickets, this percentage could grow.

facebook ad revenue split 

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Facebook’s ad revenue may not be growing fast enough to justify a $100 billion valuation. But ads are not the company’s only source of revenue.

Payments are becoming a big deal as well.

Last summer, Facebook started charging companies like Zynga 30 percent of each transaction — like purchasing a virtual good like a cow. (That’s a big reason why Zynga accounts for 12 percent of Facebook’s revenue, alhough that figure includes advertising as well.)

So although payments started as a tiny sliver of Facebook’s overall revenue, now it’s up to about 17 percent of the total.

As companies start to sell other kinds of goods through Facebook, like concert tickets, this percentage could grow.

facebook ad revenue split 

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According to the Chicago Booth/Kellogg School Financial Trust Index (h/t WSJ’s Sudeep Reddy), only 23% of Americans trust the financial system.  And 62% are either “angry” or very “angry” about the state of the economy.

Trust in the financial system hasn’t been this low and anger in the economic situation hasn’t been this high since March 2009.  And March 2009 was when the S&P 500 hit that horrific low of 666.

“In an election year, this certainly indicates the importance of the economy to the political agenda,” wrote Paolo Sapienza.  Sapienza co-authored the index with Professor Luigi Zingales.

chart

chart

Then again, March 2009 turned out to be an amazing time to buy stocks.

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Thursday, January 26th, 2012 news No Comments

Twitter Just Acquired A Huge Anti-Spam Startup

Source: http://www.businessinsider.com/twitter-dasient-2012-1


Dasient

Twitter has acquired security startup Dasient, a company that specializes in fighting spam and malware.

The Dasient team will be plugged into Twitter’s “revenue engineering” group as Twitter monetizes with self-serve ads, reports TechCrunch.

In terms of the size of the team this acquisition was a large one, said TechCrunch’s sources.

It could be a match made in heaven — the most likely scenario seems that Twitter wants to protect its self-serve ad product from being used as a vehicle for spam.

With Dasient being well-versed in anti-spam and anti-malware efforts, it could be just what Twitter needs to maintain the product.

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Tuesday, January 24th, 2012 news No Comments

Yikes! Oracle Issues Emergency Fix For A Big Fat Security Problem (ORCL)

Source: http://www.businessinsider.com/yikes-oracle-issues-emergency-fix-for-a-big-fat-security-problem-2012-1


larryellison oracle tbi

Oracle today warned customers that they need to fix a major hole in its flagship database or risk downtime and hacker attacks, reports Infoworld.

In a weird twist of events, the hole was actually found by Infoworld, a news site that covers the tech industry. Oracle even gave the publication a public credit for finding and reporting the hole — and waiting to publish the story until Oracle could issue a patch, which it did today.

The flaw had to do with time stamp technology that acts like an internal clock. This clock is the key to keeping data synchronized and safe. When multiple databases are linked together the clock could be manipulated to be inaccurate. This is one of those critical systems that was difficult to fix and affected a long list of Oracle’s products.

The critical patch sent out today fixes a whole bunch of other flaws, too. Some 78 holes will be patched across all of Oracle’s major product families.

Inforworld contends that Oracle executives knew about the time stamp problem and not only downplayed it, but issued a workaround fix that could have caused customers even more headaches and money. Oracle seems to have gotten its act together and really fixed the security flaw this time, Infoworld says.

 

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Tuesday, January 17th, 2012 news No Comments

The Owner Of Flash Sales Site Rue La La Is Laying Off A Big Chunk Of Its Staff

Source: http://www.businessinsider.com/the-owner-of-flash-sales-site-rue-la-la-is-losing-up-to-half-its-staff-2012-1


rue la la

UPDATE: Rue La La has reached out to us to update the story with some additional information.

Rue La La just laid off 11 percent of its 500-person staff, according to the company.

The Boston Business Journal first reported the layoffs.

Site owner Retail Convergence is also shutting down SmartBargains.com, a discount shopping site, according to the report.

Some employees were offered other positions in the company, and everyone was offered some kind of severance package, a source close to the company told us.

“It was a mess upstairs. People were crying all over the place,” one unnamed employee told the Boston Business Journal. 

Rue La La operator Retail Convergence raised about $25 million from General Catalyst Partners and Breakaway Partners before being acquired by a company called GSI Commerce for $350 million, reports The Boston Business Journal.

eBay then bought GSI Commerce in 2009, and Rue La La got $500 million in debt and equity financing as part of the deal, according to the report. Retail Convergence, the owner of Rue La La and SmartBargains.com was spun out as part of that deal.

Here’s the full statement from Rue La La:

Since launching in 2008, Rue La La has transformed online shopping and has become a leader in the “private sale” shopping space.  In a continued effort to revolutionize off-price shopping, we have made the strategic decision to double down on our core business.  This heightened focus on our core includes the restructuring of our Rue Local business by outsourcing our sales force and consolidating SmartBargains.com into Rue La La. SmartBargains.com was originally launched 1999.  These moves unfortunately resulted in the elimination of some staff positions.  Rue La La has continued to see dramatic growth with nearly $300MM in sales in 2011 and similar growth planned for 2012 and beyond.

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Thursday, January 12th, 2012 news No Comments

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