Category: news

Facebook Made $1 Billion profit in 2011

In 2004 at the advent of Facebook Mark Zuckerberg refused to monetize the site. As Facebook started raising money they began to advertise in their own style. Still, the most popular site in the world was the subject of concern over whether it could really make money. They did. They made $3.7 billion which led to a 2011 profit of $1 billion. It’s not...

Obama 2012 To Take Payments Using iphones

Jack Dorsey, the founder and Chairman of Twitter must feel pretty good today. His next creation, Square, of which he is now the CEO has been adopted by Obama For America. For those of you who don’t know Square, Square is a mobile payment company with an unusual business model. Square gives out tiny white “Squares” that attach to the iphone/ipad/Android device through the headphone jack,...

Facebook Releases “Don’t Be Evil” plugin For Google

A few Facebook, and Twitter engineers created an incredible new plugin for Google search that can be accessed here. When you search for a term on Google and then click on the plugin (available for Chrome, Safari, and Firefox at press time) social search results will change. Normally, only related terms from Google+ show up. Now though, when you click on the plugin you...

Could Online Subscriptions Hurt The New York Times?

Are online subscriptions hurting the New York Times? Many news sites on the web are free. CNN is free. There are thousands of reliable blogs (hint hint this) and they are mostly 100% free. Why do they not stick with the ad supported model? I think that it honestly puts them at a competitive disadvantage. By making readers pay for content that they could find...

Twitter Predicts #Iowa better Than Real Polls

In an amazing turn of events Mitt Romney beats Rick Santorum in the Iowa Caucus by only 8 votes. That is 0.000065% of the vote. Anyways no one predicted it…except twitter. All of the professional pollsters got it wrong because they polled random old people and missed the Young Vote. Twitter predicted Santorum winning after a huge comeback in recent weeks. Experts say that if...