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Posts Tagged ‘Social Networking’

Facebook IPO may be delayed until June

Tuesday, April 24th, 2012

Due to a string of acquisitions and other business distractions, Facebook’s multi-billion dollar initial public offering that was rumored to be set for May 17th may be delayed until early or mid-June, according to CNBC. Facebook founder and CEO Mark Zuckerberg has not been preparing for the IPO, but instead has been more focused on running the business and making acquisitions. As a result, the social networking giant’s IPO date will reportedly be pushed back so the company has time to make the appropriate preparations. Facebook filed with the SEC in February, and could raise as much as $10 billion at a $100 billion valuation when it goes public in the coming months. Facebook’s IPO is expected to top Google’s $1.9 billion offering by a wide margin, making it the largest Internet IPO in history. Facebook’s shares will be listed on the NASDAQ exchange under the “FB” ticker symbol.

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Google brings better YouTube integration to Orkut, hopes you haven’t forgotten

Wednesday, April 11th, 2012
Google brings better YouTube integration to Orkut, hopes you haven't forgotten
Remember Orkut? You know, one of Google’s early efforts at diving into the social networking game. Well, the website’s still operating at full force, with more than three quarters of its 66 million users coming from Brazil and India alone. The point is, Big G’s still keeping tabs on the O network, thus the news of an improved YouTube integration shouldn’t come as a surprise. With the fresh features, Orkut folks are able to watch / listen to videos without having to step out of their current session, saving them an extra trip to YouTube’s site. Of course, similar to Facebook or Orkut’s more popular relative Google+, friends can see whether you’re watching kitty vids or Kony 2012. Você é um Orkut? Cross your fingers and hope it doesn’t get the axe anytime soon.

Google brings better YouTube integration to Orkut, hopes you haven’t forgotten originally appeared on Engadget on Wed, 11 Apr 2012 17:31:00 EDT. Please see our terms for use of feeds.

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AOL sells 800 patents to Microsoft in $1 billion deal

Monday, April 9th, 2012

AOL and Microsoft on Monday announced an agreement in which the software giant will purchase 800 patents from AOL in a $1.056 billion cash deal. Microsoft will also license more than 300 additional patents from AOL as part of the agreement. “The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio,” said Tim Armstrong, AOL’s chairman and CEO. “We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft. The combined sale and licensing arrangement unlocks current dollar value for our shareholders and enables AOL to continue to aggressively execute on our strategy to create long-term shareholder value.” The portfolio sold relates to advertising, search, content generation and management, social networking, mapping, multimedia/streaming and security. The sale is expected to be completed by the end of 2012, pending regulatory approval. Read on for AOL’s press release.

AOL and Microsoft Announce $1.056 Billion Patent Deal

AOL to sell more than 800 patents to Microsoft; Microsoft to license more than 300 additional patents and patent applications from AOL

Transaction is tax-efficient for AOL

Upon closing, AOL expects to return a significant portion of the proceeds to shareholders

NEW YORK–(BUSINESS WIRE)–AOL Inc. (NYSE: AOL) (the “Company”) today announced that the Company has entered into a definitive agreement to sell over 800 of its patents and their related patent applications to Microsoft Corporation (NASDAQ: MSFT) (“Microsoft”) and to grant Microsoft a non-exclusive license to its retained patent portfolio for aggregate proceeds of $1.056 billion in cash.

“The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio”

Following the sale, AOL will continue to hold a significant patent portfolio of over 300 patents and patent applications spanning core and strategic technologies, including advertising, search, content generation/management, social networking, mapping, multimedia/streaming, and security among others. AOL also received a license to the patents being sold to Microsoft.

The patent sale includes the sale of the stock of an AOL subsidiary upon which AOL expects to record a capital loss for tax purposes and as a result, cash taxes in connection with the sale should be immaterial. Additionally, AOL expects to utilize approximately $40 million of its existing deferred tax assets, representing approximately 20 percent of its total deferred tax assets, to offset any ordinary income taxes resulting from the license of its remaining patent portfolio.

AOL management and its Board of Directors intend to return a significant portion of the sale proceeds to shareholders and will determine the most efficient and effective method to do so prior to the closing of the transaction. Pro forma for the sale and license, as of December 31, 2011, AOL would have had approximately $15 per share of cash on hand.

“The agreement with Microsoft represents the culmination of a robust auction process for our patent portfolio,” said Tim Armstrong, AOL’s Chairman and CEO. “We continue to hold a valuable patent portfolio as highlighted by the license we entered into with Microsoft. The combined sale and licensing arrangement unlocks current dollar value for our shareholders and enables AOL to continue to aggressively execute on our strategy to create long-term shareholder value.”

“This is a valuable portfolio that we have been following for years and analyzing in detail for several months,” said Brad Smith, General Counsel and Executive Vice President, Legal and Corporate Affairs, Microsoft. “AOL ran a competitive auction and by participating, Microsoft was able to achieve our two primary goals: obtaining a durable license to the full AOL portfolio and ownership of certain patents that complement our existing portfolio.”

The transaction is expected to be completed by the end of 2012, upon the satisfaction of customary conditions and regulatory approvals, including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

Evercore Partners and Goldman Sachs acted as financial advisors and Wachtell, Lipton, Rosen & Katz and Finnegan, Henderson, Farabow, Garrett & Dunner acted as legal counsel to AOL in connection with the transaction.

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Instagram and Hipstamatic to announce photo-sharing partnership

Wednesday, March 21st, 2012

Instagram, the increasingly popular photo-sharing platform for Apple’s iPhone, has always allowed users to export photos taken within the app to other social networks. The service has never allowed users to upload non-Instagram photos onto its platform, however — until now. Hipstamatic, a similar photo app that takes vintage-looking photos, is set to unveil a partnership that will allow Instagram photos to be uploaded to its service, Fast Company reported on Wednesday. ”When we launched, it was all about Facebook and Flickr and Twitter, and now we’re seeing a huge shift in our user base toward Instagram,” Hipstamatic co-founder and CEO Lucas Buick said. “We’ve never been a social networking company, but we clearly benefit from social networks. So this will be the first app outside of Instagram that lets you into their network. That’s pretty cool for us.” Hipstamatic is slated to issue an update on Wednesday evening that will bring Instagram integration to iOS devices. The app is available for $1.99 in Apple’s iOS App Store.

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The Hyped New Social App That Collects All Your Data Without Limits [Privacy]

Thursday, March 8th, 2012

Google lures college students to Google+ in effort to speed adoption

Tuesday, November 8th, 2011

Google’s latest social networking effort follows a long line of failed attempts to break into a space owned by the likes of Facebook, Twitter and (somehow) Myspace, and Google seems to finally have a hit on its hands with Google+. The service amassed more than 10 million users within two weeks of launching as an invitation-only beta, and it now reportedly has more than 40 million users following a public launch. As Facebook approaches 1 billion users, however, Google has quite a bit of ground to make up. The Internet giant apparently isn’t afraid to get dirty in its quest for social network dominance, and a new report revealed that Google recently set up shop at colleges in Israel in an attempt to lure new users to Google+. Read on for more.

As a new semester got underway at Ben Gurion University and Tel Aviv University in Israel, students were greeted by an unexpected surprise: a series of booths that served as recruiting stations for Google+. The manned booths offered passers-by a free gift bag packed with goodies if they were willing to sign up for the new social network on the spot, Ynet recently reported. Google’s hired hands helped users create their profiles on the spot, even offering to take playful profile pictures for the university students, which were also printed on stickers and given away for free.

“The idea is to open a Google Plus account for people, and we want them to add people to their Circles so the network will grow,” one of Google’s booth-workers told Ynet (machine-translated from Hebrew). “A lot of people do not know the network, so we tell them a little about the social network and its advantages over other networks.”

Google also set up similar booths at another college in the area, and it is unclear if the company plans to extend its recruiting efforts beyond Israel.

Google+ is a service very similar to Facebook, though it offers a unique user interface and several compelling features. Users group friends into “Circles” and may share content only with specific circles if they so desire. The social network also features instant messaging, group chat and a recently-added gaming component that allows users to play games online within the Google+ UI.

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Toyota introduces Touch Life smartphone mirroring system, your Prius and iPhone can become one

Tuesday, October 25th, 2011
If you’re looking to get your smartphone more in-sync with your car, you may want to consider a new Toyota with the Touch Life infotainment system. Given a compatible smartphone / app combo, it can mirror the phone’s display on its 7-inch touchscreen for access to navigation, music or social networking services. Nokia owners can connect their Symbian Belle devices by way of MirrorLink, developed by the Car Connectivity Consortium, in its first deployment by the automotive industry. Apple iPhone (and iPod) faithful will have to install Application Launcher in order to sync up with the infotainment system. If driving distractions are a concern, steering wheel controls play nice with the tech as well — it’s not quite SYNC Applink, but we’ll take it. Toyota promises features and smartphones will continue to be added, but for a current list of compatible cars, devices and apps, check the press release below.

Continue reading Toyota introduces Touch Life smartphone mirroring system, your Prius and iPhone can become one

Toyota introduces Touch Life smartphone mirroring system, your Prius and iPhone can become one originally appeared on Engadget on Wed, 26 Oct 2011 01:06:00 EDT. Please see our terms for use of feeds.

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Tablet takeover: Pew study shows how tablets are changing consumer behavior [infographic]

Tuesday, October 25th, 2011

Tablet adoption is exploding in the United States and a new study conducted by Pew Research Center shows that 11% of consumers in the U.S. now own tablets just 18 months after Apple redefined the category in March of 2010. According to Pew’s survey of 1,159 tablet owners in the U.S., 77% of them use their tablets daily — about 90 minutes per day on average — and 53% of tablet owners use their slates to read news each day. 67% of owners in the U.S. use their tablets for general web browsing, and other popular activities include sending and receiving email (54%), social networking (39%), gaming (30%), reading books (17%) and watching movies and videos (13%). A massive infographic highlighting key findings from Pew’s study follows below.

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