Your Money: Trashing your ex on Facebook may cost you
(Reuters) - The old maxim goes: If you can't say anything nice, don't say anything at all. For divorcing spouses, that may actually constitute legal advice in these days where Internet and social...
Found more than 1 month ago on channel Reuters
More Layoffs And Downsizing At Vostu, South America's One-Time Frontrunner in Gaming
Vostu, the onetime darling of the social gaming world in South America, appears to have just had a fresh round of layoffs over the last few weeks. Multiple sources who have worked with the company said that Vostu laid off about 100 people and is now down to somewhere between 50 and 70 employees. Vostu has not replied to multiple requests for comment. This is a huge decline for the company, which took at least $46 million in funding from investors including Accel Partners, Tiger Technology Global, Intel Capital and General Catalyst. At the end of 2011, the company had around 580 employees spread across Sao Paulo, Buenos Aires and New York and claimed that 25 percent of Internet users in Brazil played Vostu games. So the company’s headcount is now about one-tenth of what it was two years ago. The company had an earlier round of layoffs around the same time last year. It looks like a perfect storm of factors created headwinds for the company. Orkut’s gradual decline to Facebook in Brazil ...
How Facebook’s Graph Search Just Replaced A Major Chunk Of Google
Facebook just took a big bite out of Google. Today, the social network announced Graph Search, a new feature that lets you search the interests, location, and preferences of your friends. For anyone who uses the Internet to search restaurant recommendations, travel advice, books to read on vacation, or which political candidates to vote for, Facebook may have replaced Google as the best search engine. Birds of a feather flock together, and only Facebook can let you know about all the cool things your friends experience that'd you'd also like to know about.
Dear Facebook, It Could Really Be This Simple
“The one positive thing that this week has so far thrown light on is that there is a widespread recognition that things cannot stay the same.” — Keith Teare Oh ye of little faith: For the many of us who BELIEVE in Consumer Internet, it’s so painful to watch the Facebook/Groupon/Zynga stock trainwreck continue, with Facebook shares slipping to below $20.00 today, the lowest they’ve ever been. Shares slipped so much this afternoon that even our head-over-heels-in-love with-Facebook guy offered the former startup some monetization advice earlier, and if I were Facebook I would take it. The concerns about Facebook’s viability as a company have been hashed and rehashed by people barely if at all qualified to do so. At this point, we underqualified tech writers know them by heart: It basically boils down to mobile insecurity, a 1/58 price-to-earnings ratio and whatever “I don’t trust Zuck” means, which makes old fogies my parents conservative investors nervous. But, the moment ...
Stealth-Mode DC Lobby Group Internet Association (Google, Amazon, FB, eBay) Names CEO
A sign, if you needed one, of how big tech companies have become, how central they would like to be in the world of policymaking -- and how they may be getting nervous about heavier regulation down the line: a new lobbying group is being formed called The Internet Association, with charter members reportedly including Google, Amazon, eBay and Facebook. The group, due to launch formally in September, has made very little noise up to now, but today it announced the appointment of a president and CEO -- Washington insider Michael Beckerman -- to lead it in a more public effort. The news comes in the same week that it was revealed that Google's budget for lobbying went up by 90 percent in the last quarter to nearly $4 million (on par with large telcos like Verizon), while Facebook's went up by 200 percent to $960,000, according to Reuters.