Yahoo CEO Marissa Mayer announced on her Tumblr blog this morning that the search giant has bought over social blogging network Tumblr for $1.1 billion. She promised though that founder and CEO David Karp will stay at the helm of affairs as CEO. “We promise not to screw it up”, Mayer said. She also said that Tumblr will work independently to maintain the desired independence of the popular social network. Karp also announced, “Our headquarters isn’t moving. Our team isn’t changing. Our roadmap isn’t changing. And our mission – to empower creators to make their best work and get it in front of the audience they deserve – certainly isn’t changing.” This all-cash deal could make Karp, a high-school drop-out, worth $220m. Users on Tumblr can create their own blogs, follow blogs on the networks and reblog them. However, the company posted revenues of $13million last year, only after $125million [+more]
Nokia made quite a gamble when it chose to make Windows Phone based smartphones a couple of years ago. And even if it didn’t do quite well initially, the Lumia 920 launched last year running on Windows Phone 8 did get quite some positive feedback from the market. But looks like it’s not done enough to restore Nokia’s former glory – the company’s CEO received quite some threats from its shareholders during a meeting held recently. Now, you can’t blame the investors – it’s been a while since they’ve been waiting to see some success. But it’s still not been able to reach anywhere close to the likes of Apple and Samsung. While Samsung sold 69.7 million phones and Apple managed to sell 37.4 million iPhones during the last quarter, Nokia managed to sell just 5.6 million Lumia smartphones during the same period. The shareholders are pressing Nokia to diversify [+more]
Samsung Galaxy products had taken market by storm and there is a lot of advertising behind it. Samsung knew from very beginning that to go up against a product like Apple iPhone they would be required to invest heavily in the promotion of their products. It turns out that Samsung has invested $402 million in the advertising of Galaxy Smartphones whereas Apple has spent $333 million in advertising their products. According to sources in the past year telecom sector has spent upto $8.66 billion in advertising, out of which the major share is of wireless phones. Looking at the amount of money spent by Samsung on advertising , it won’t be a surprise if Samsung Galaxy s4 sells like a hot cake and reach the 10 million mark as predicted.
The European Union has placed a fine of $731 million on technology-giant Microsoft because of the latter’s inability to provide users a choice of Web browser. The amount is more than 11% of the company’s estimated profit for the quarter. Microsoft had a legal obligation in 2009 whereby they had to allow consumers the option of choosing a browser of their choice to access the internet. However, software issued between May 2011 and July 2012 did not allow about 15 million users to choose their own browser. This is the first time that the EU has levied such a fine. It’s an unprecedented case among EU antitrust disputes and it’s likely to keep others under check. EU’s competition commissioner Joaquin Almunia said, “If companies agree to offer commitments which then become legally binding, they must do what they have committed to do or face the consequences.” Microsoft has taken the [+more]
Looking for a new place on your iPhone? Do it with the Foursquare application that was upgraded for Android use last month. Foursquare now includes an Explore bar that is available right on the homescreen for easy access. It’s a fun app that will help you find places instantly. You simply have to enter one string query in the search bar—nachos, lasagna or pasta—and the best options for eating and to visit will be visible on your screen. The new Foursquare update also comes with a Best Nearby option that gives you all the places to see in your vicinity. The app will also share details of friends who have checked in to nearby places and what they have liked. You can zoom out of the map to see more places and look up more friends. It also comes with a Nearby Friends option. The bottom three tabs at the [+more]
It’s been a while since Facebook revamped its look. While we’re not expecting a drastic change like last year’s Timeline update, there definitely is a new look coming for the Newsfeed section of the popular social network. So, how different would it look when you login to Facebook a few days from now? New design for the mobile app’s newsfeed: Things are going to get a lot more colorful on Facebook’s mobile app. The plain blue and white background could give way to a newsfeed with multiple sections that would highlight important updates for you. We could get separate sections for news and photo updates and newer gestures for navigation too. Video advertisements: Ads have been the main source of revenue for Facebook, and it’s only going to get more prominent in the future. Zuckerberg’s creation will soon begin featuring video ads on users’ newsfeeds, starting from April. They won’t [+more]
The question of where BlackBerry in a smart phone market stands answers itself when you have a device like BlackBerry Z10 helming the company. If you agree with BlackBerry CEO Thorsten Heins then BalckBerry Z10 has sprung the sinking ship of Blackberry Z10 back to the sparkling waters of smart phone world. As his first revelation about the changing image of the company, Heins told the German newspaper Frankfurter Allgemeine, that the triumph of Z10 have opened new avenues for the company and the company has found a new direction for itself. Heins is looking towards bringing out a vibrant amalgamation of BlackBerry and Android OS. He is also planning to bring licensing of the software and selling the hardware to the table anytime soon. Negative stories about the sales of Blackberry Z10 have also been launched by some analysts. They believe that BlackBerry Z10 became a sell [+more]
Washington: Microsoft confirmed on Saturday that they were hit by a hacker’s attack. The company said that the hacking was similar to the attack on social networking company Facebook. Microsoft announced this on their company blog. However, they said there was no evidence that customer data had been compromised. Microsoft also said that they were investigating how malicious software was planted on a ‘small number’ of its computers. Facebook had also acknowledged that other companies were also hacked. However, they didn’t name these companies.
These sure are tough times for Apple, and it’s only looking to get worse. First it was the less than expected performance of the iPad 4 and iPhone 5 in Q4, and now it’s a lawsuit filed by a rebellious investor just before it held its annual shareholder conference. And to make matters worse, the CEO Tim Cook has decided to criticize the lawsuit by calling it a “silly slideshow”. Wonder how the investor’s going to take that. Cook stated the above during an interview at a Goldman Sachs technology conference yesterday. He also shared his opinion on other issues related to Apple, including whether Apple’s power to innovate is going down, the ongoing expansion of its stores, as well as the shareholder dispute. However, Cook stayed cool throughout the uncomfortable questions he was subjected to and didn’t reveal any unease caused due to the dip in Apple’s stock prices [+more]
Nokia has decided on going the unconventional way to notch up its fans back again. Wondering how? Well, the Finnish giant in the mobile sector has decided to invest time and resources for researching up how graphen could be used in mobile manufacturing technology. If you are confused as to what graphen is– then hear it right—it has been labeled the hardest material on earth, over diamonds too. Nokia has got hands on an European Union grant of $1.35 billion to look into the material up close. Henry Tirri, CTO, Nokia said, “”Nokia is proud to be involved with this project, and we have deep roots in the field — we first started working with graphene already in 2006…..Since then, we have come to identify multiple areas where this material can be applied in modern computing environments. We’ve done some very promising work so far, but I believe the greatest [+more]