Local Search to Generate $8.2 Billion by 2015

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Local search advertising revenues will increase from $5.1 billion in 2010 to $8.2 billion by 2015, according to local media analyst BIA/Kelsey. That’s a compound annual growth rate of 10 percent that’s driven by the continuing increase in local search activity. By 2015, the firm expects that 30 percent of all search volume will be… [[ This is a content …

$1 Billion Yandex IPO Set For This Summer

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Anyone who would like to invest in Russia’s most successful search engine may want to start saving pennies and talking to his (or her) stockbroker.  Reports indicate that Yandex, which has had little trouble fending off Google in its home market, will go public and try to raise $1 billion this summer. A post on the Quintura Blog stated today, …

How Twitter Killed a Film Star in India and later Apologized

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On Jan 10, 2011 , DNA India, the eighth largest Indian newspaper was at the receiving end of ferocious criticism from Indian twitterers from across the world. In an event which reminded many of the infamous Steve Jobs obituary circulated by Bloomberg , DNA Twitter handle sent a confirmation tweet on the demise of Shashi […] Related posts: “Twitter Lite” …

95% of Twitter Users Have Less than 500 followers

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After analyzing more than a billion tweets generated by over 20 million Twitter users, Sysomos concluded that 95 percent of Twitter users have less than 500 followers. In fact, 32 percent of Twitter users have only 0 to 5 followers and more than half of Twitter users have between 5 to 100 followers. At least, the […] Related posts: Veteran …

Facebook CEO Mark Zuckerberg Visits China

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Every business wants a piece of China. Now, Facebook has made its move as CEO Mark Zuckerberg toured the offices of China’s top search engine, Baidu on Monday. This visit again signals Mark Zuckerberg’s intention to establish Facebook in China. The TIME’s 2010 Person of the Year has been studying the Chinese language and its culture. Back […] Related posts: …

Twitter Raises $200M In Funding At $3.7B Valuation

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For most people with a financial interest in Twitter, these are going to be some happy holidays indeed.  The company’s confirmed a new round of funding, and reports indicate that it raised $200 million at a valuation of a stunning $3.7 billion. Dick Costolo confirmed on the Twitter Blog that Kleiner Perkins Caufield Byers was, as had been rumored, the …

Report Indicates DST Won't Lead Twitter Funding Round

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Digital Sky Technologies, the Russian investment firm that’s pretty well poured money into Facebook (and also funded Groupon and Zynga), apparently won’t be providing Twitter with any cash in the near future.  A report’s indicated that Kleiner Perkins will instead be the organization leading a new round of funding. "[S]ources close to the situation" provided Kara Swisher with this information …

Hulu Sets Ad Impression Record In October

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New comScore video data is out, and as usual, a few corporations traded places in terms of successfully attracting unique viewers.  The bigger story, though, may be the fact that Hulu showed its users over 1.1 billion ads in October, which is more than twice as many as the number two entity, Tremor Media Video Network. comScore called the 1.1 …

Steve Jobs or Mark Zuckerberg could be TIME’s Person of the Year

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It is a great year for Apple and Facebook. And both CEO Steve Jobs and Mark Zuckerberg respectively, are shortlisted for TIME’s 2010 Person of the Year. In 2010, Apple’s iPad has been nothing short of revolutionary. Well, at least in terms of sales. Thanks to Apple’s brilliant marketing and cult brand like status, over 1 million […] Related posts: …

Sales of eBooks Expected to Hit Nearly A Billion by End 2010

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It is apparent the rate of eBooks adoption is rapid since the launch of the first eReader in 2007. Why so? There are many advantages presented: eBooks are cheaper and cost nothing to produce, lesser trees need to be cut down, purchased and downloaded instantaneously, do not collect dust, and have the ability of being […] Related posts: Digital Ad …

Google Considers Shelling Out $1 Billion for ITA Software

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Google is in talks to acquire airline IT and services provider ITA Software for the price of $1 billion. According to Bloomberg, it’s not a done deal yet, but several people familiar with the matter confirmed that negotiations between two companies are indeed happening. A billion is a big number, but Google’s treasure chest holds more than enough coin for …

Tumblr Raises Another $5 Million in Funding

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Tumblr has just announced another healthy influx of cash — $5 million from Spark and Union Square Ventures — nearly doubling the $5.2 million raised in A and B rounds of financing. The popular mini-blog company has been testing and optimizing various paid features for a while and hopes 2010 will bring it further down the road to profitability. Tumblr …

Facebook “Likes” World Domination

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Facebook will host its F8 developer conference this Wednesday, announcing plans to spread its roots through the web. Those plans include a web-wide “Like” button and a social toolbar to be placed at the bottom of your website, reports the NYTimes. It’s all part of Facebook’s plan to follow you around the web, and perhaps avoid the same fate as …