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YouTube Attorney Alleges Viacom Set Up

Viacom is now being blamed for secretly uploading copyright infringing content by YouTube's chief counsel, Zahavah Levine. This announcement comes as the court prepares to render a decision in the $1 billion copyright infringement lawsuit Viacom (VIA) brought against Google's (GOOG) Internet video giant, YouTube.

Attorney Levine has stated in a blog post: "For years, Viacom continuously and secretly uploaded its content to YouTube, even while publicly complaining about its presence there."

Continue reading YouTube Attorney Alleges Viacom Set Up

Twitter May Chirp Its Commercial Accounts Next Month

Twitter's a pretty lucky company. Few get two bytes at the hype apple in rapid succession, but this social media platform has found a way to make up for its disappointing announcement about its advertising model. According to VentureBeat, Twitter might unveil its long-awaited, heavily-hyped and possibly investor-satisfying corporate accounts. Next month, at its inaugural Chirp developer conference, we could finally see what might just be the foundation of Twitter's business model.

Continue reading Twitter May Chirp Its Commercial Accounts Next Month

News Corp. Not Having Fun with MySpace

Do you remember when MySpace was all the rage? Of course you do. Then came Facebook; then came Twitter. Something else will come along, too. Unfortunately, though, News Corp. (NWS) committed itself to MySpace by buying it back in 2005. What a mistake that was.

I'm sure everyone knows about the growth problems at the social-networking site. This recent article at Reuters discusses them. Morale at the company appears to be waning. Unique visitors aren't what they used to be. An ad agreement with Google (GOOG) is about to expire; any new transaction on that front may not be as valuable now that MySpace has been relegated to not-as-cool-as-it-used-to-be status.

Continue reading News Corp. Not Having Fun with MySpace

Twitter Getting Six Figures a Month for Data

Nobody's naming names right now, but Social Times reports from SXSW that "a number" of companies are paying Twitter hefty fees for unrestricted access to the "firehose." While some Twitter data is accessible free through the company's developer program, the full data set is only available to those willing to write a check – and, it turns out, a substantial one.

Back in October, Twitter inked high-profile data-licensing deals with Google (GOOG) and Microsoft (MSFT), which brought in $25 million and put the social media service on the revenue map. Since then, it has brought more clients into the fold through its data-licensing program, including Kosmix and Scoopler, by opening up what it calls the "firehose"; i.e., unfettered access to the Twitter data stream.

Continue reading Twitter Getting Six Figures a Month for Data

Google Plans to Shut Its China Search Engine

Google has had an ongoing dispute with Chinese censors over Google's search engine content. China maintains strict censorship of the Internet sites that appear on Chinese search engines. Google (GOOG) on the other hand wants complete freedom of content on its site -- Google.cn.

Both sides have reached an impasse. Google has all but decided to close its Chinese search engine.

Continue reading Google Plans to Shut Its China Search Engine

Pink Floyd Sends EMI to the Dark Side of the Moon

Record label EMI, which was purchased by Terra Firma Capital Corporation (TII) in 2007, was dealt a serious blow yesterday by the band Pink Floyd. The band filed a lawsuit against EMI because the record company started selling individual music tracks from Pink Floyd's two block buster albums, Dark Side of the Moon and The Wall online. The selling of individual music tracks is expressly forbid by the band's contract with the record label. Yesterday a judge affirmed that contract condition.

This turn of events comes not only as a serious blow to EMI, but as a gut wrenching twist in Terra Firma's continuing downward spiral. Terra Firma is currently engaged in a legal battle with Citigroup, Inc. (C) regarding its purchase of EMI at auction. Terra Firma has accused Citi of the use of "fraudulent measures" in completing that sale.

Continue reading Pink Floyd Sends EMI to the Dark Side of the Moon

Yahoo!: A Buy After Upgrade?

Yahoo! (YHOO) received an analyst upgrade from JMP Securities Monday. The thesis is that online advertising is improving, so now may be the time to get in on the possible capital appreciation of the business. The stock closed yesterday at $16.52 per share -- a gain of 2.8%. Volume was active.

The upgrade also comes with a price target of $21. Yahoo!, like many stocks, has bounced off its 52-week low quite strongly. Over the 12-month period, the company has risen by better than 20%. From one angle, I like the idea of this trade. Technically, the shares might be ready to move.

Continue reading Yahoo!: A Buy After Upgrade?

Microsoft and the Browser Wars

Instigated by an agreement negotiated between the European Commission (EC) and Microsoft Corp. (MSFT), a new browser selection utility has just become available. Although the browser choice software is intended mainly to be distributed through the Windows update system familiar to Microsoft's Internet Explorer (IE) users, it is also available online for anyone to access.

It is reported that Microsoft IE currently holds approximately 62% of browser market share. That is a powerful position for the company to be in when considering that web browsers are absolutely essential pieces of software. That is, in part, why the EC put pressure on Microsoft to open up the playing field to lesser known browser utilities. With their demands, European regulators essentially cut Microsoft's exclusive IE umbilical cord in July of 2009.

Continue reading Microsoft and the Browser Wars

Zuckerberg in 'No Rush' for Facebook IPO

It's not just Digital Sky Technologies that is in "no rush" for Facebook to go public -- Facebook's founder says he's happy to take his time, too. CEO Mark Zuckerberg, according to the Wall Street Journal is putting his head together with those of Paul Otellini, CEO of Intel (INTC) and Charles Phillips, president of Oracle (ORCL) to gain insights on running his company, over which he'll have more control as a result of Facebook's dual-class share structure. If Zuckerberg gets his way, he'll run Facebook for a while before taking the dive into public capital markets.

Zuckerberg tells the Wall Street Journal(subscription required), "We're going to go public eventually, because that's the contract that we have with or investors and our employees." Doubtless, these two parties are eager to experience a liquidity event, particularly those from the company's earliest days and preliminary financing rounds.

Continue reading Zuckerberg in 'No Rush' for Facebook IPO

Facebook Revenue to Top $1 Billion in 2010

Initial estimates of a $550 million year for Facebook in 2009 may be lower than expected. In fact, the company may have brought in as much as $700 million, though it is notoriously tight-lipped about the size of its coffers. In what was clearly a banner year for the social media site, it also moved into positive free cash flow territory – and the number of users continues to rise across the board.

Facebook's revenue trajectory – at least to the extent that it can be gauged – has been impressive. From $150 million in 2007, it grew to an estimated $280 million to $300 million in 2008 and a 2009 result that could range from $600 million to $700 million. Revenue has at least doubled every year, a trend that Inside Facebook expects to continue. Of course, these are all third-party estimates, and Facebook isn't saying a thing.

Continue reading Facebook Revenue to Top $1 Billion in 2010

Facebook Gains U.S. Traffic, Led by Men

Where there are plenty of women, you're bound to find more and more men. Though the gain was small, the number of men on Facebook grew faster than women in February 2010, making the social networking site look a lot like every hot club in Manhattan -- men chasing women.

Facebook picked up an additional 5 million users in the United States last month, reaching 113 million. Since the middle of last year, the social media site has gained users every month. Though every demographic is showing increases, men are leading the charge. In January, women owned 56.07% of Facebook use, a share of activity that fell to 55.6% in February. Among users age 18 to 44, new male users outpaced females by approximately 2:1.

Continue reading Facebook Gains U.S. Traffic, Led by Men

Twitter Unveils Google Ad Model, Despite Hype

Apparently, all the hype wasn't worth it. After Twitter COO Dick Costolo explained that the company was going to unveil a "non-traditional" advertising model and claimed that "people will love it," what we're seeing is a foray into decidedly charted territory.

According to AllThingsD, Twitter's ad model will resemble the one that has been so successful for search and online ad giant Google (GOOG). Ads, essentially, will be tied to search.

Yawn.

Continue reading Twitter Unveils Google Ad Model, Despite Hype

Twitter Finds More Real-Time Search Clients

Last year, Twitter got a taste of significant revenue when it inked data-licensing deals with Microsoft (MSFT) and Google (GOOG). The multi-year deals were worth a total of $25 million, but Yahoo! (YHOO) found an alternative way to access the social media site's data – free – which made it seem like the licensed data business model was on the brink of a short life. Well, it looks like some new deals have breathed a bit more life into this approach, though the details remain unclear.

In a blog post Monday
, Twitter announced that it was opening its data "Firehose" to a number of companies: Ellerdale, Collecta, Kosmix, Scoopler, twazzup, Crowdeye and Chainn. According to the post, this step makes it "possible to move far beyond the Twitter experiences we know today."

Continue reading Twitter Finds More Real-Time Search Clients

Facebook Saved by One Line of Text

An interesting piece of legislation is now blasting its way through the chambers of the Maryland legislature. This legislation threatens to lay waste to Internet social networking as we know it, if not for the inclusion of one solitary line of text.

While it appears honorable and well-intentioned on it's face, Maryland's HB65 (pdf file) is meant to place severe restrictions on the practice of international marriage brokering. If signed into law, the bill will place strict and deeply invasive disclosure requirements on the clients and providers of international match making services. This legislation does not bode well for the likes of eHarmony and Match.com.

Continue reading Facebook Saved by One Line of Text

The Internet: Enemy of Newspapers, But the Friend of T.V. (So Far)

The internet, the enemy of print newspapers, is, conversely, the friend of television, at least initially in the digital age.

The phenomenon, The New York Times (NYT) reported Wednesday, has to do with the promotional effect that the internet's social dimension has created for television. Specifically, the recent explosive growth and popularity of Facebook (with an astounding 400 million users), has created a new, de-facto 'office water-cooler chat' for television.

Continue reading The Internet: Enemy of Newspapers, But the Friend of T.V. (So Far)

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Symbol Lookup
IndexesChangePrice
DJIA-37.1910,741.98
NASDAQ-16.872,374.41
S&P 500-5.921,159.90

Last updated: March 22, 2010: 04:39 AM

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