Prosecutors: Teens posted taped sex assaults of girl on Facebook
Three teenagers face sex assault charges after they raped a 12-year-old girl at gunpoint and posted a video of the December attacks on Facebook, prosecutors said.
Facebook's Growth Since IPO In 12 Big Numbers
Facebook still hasn't clawed its way back up to its $38 IPO price, but it's made steady progress since going public a year ago. Daily users up 26%, mobile monthly users up 56%, and revenue up 38% are some highlights. It's running out of people to sign up in the developed world, but with this growth and no serious competitor in sight, it's curious that the share price hasn't improved.
With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins
Cameron and Tyler Winklevoss, the twin Harvard graduates who famously sparred with Mark Zuckerberg over the founding of Facebook and are now working as tech investors through Winklevoss Capital, are part of the growing group of venture capitalists who have taken a keen interest in Bitcoins. Last month, it was revealed that they personally own roughly one percent of the currency, a stake worth the equivalent of some $11 million. And now, the Winklevosses tell TechCrunch they have invested in Bitcoin in another meaningful way -- by leading a funding round for a startup in the space. BitInstant, a New York City based startup that operates an online platform for buying and selling Bitcoins, has raised $1.5 million in a seed funding round led by Winklevoss Capital with the participation of other strategic investors including money services veteran David Azar. The investment was closed this past fall, but the Winklevosses are just now publicly announcing it in the lead-up to the Bitcoin Foundation's ...
Backupify Is Phasing Out Free Consumer Products; Drops Support For Facebook Personal Profiles, Blogger, Picassa And Flickr
Earlier this week we reported on how Backupify was closing down TweetBackup, a free service to back up your Twitter account that it acquired in 2010; now we have confirmed that, as we'd heard, this is part of a bigger plan at the company to phase out consumer services altogether, as Backupify focuses its efforts on paid services for enterprise customers. From today, it will stop accepting new sign-ups for its free tier of back-up services for personal files. It is also discontinuing by the end of this year support for certain sites, including Facebook personal profiles, Blogger, Picassa and Flickr.
Union: Tech Industry Is “Greedy” For Wanting To End Hiring Wait Period For Immigrants
“The tech industry is, frankly, being greedy. They are going back and asking for changes to language they helped write and blatantly trying to roll back requirements that give high-skilled American workers a fair shot at getting a job,” said AFL-CIO legislative Representative Andrea Zuniga DiBitetto about new proposals to ease the hiring of high-skilled foreign workers. Facebook founder Mark Zuckerberg reportedly called Senator Orin Hatch to push more tech-friendly changes to the comprehensive immigration reform bill. Among Hatch’s most contentious suggestions is an end to a 90-day wait period before companies can solicit applicants with a foreign work visa. According to Reuters, under Hatch’s amendment, employers would only have to make a good-faith effort to hire Americans. While, conceptually, comprehensive immigration reform has strong bi-partisan support, its passage is far from certain. Reuters could not report whether unions would support the bill, should Hatch’s changes ...