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Articles tagged with: billion

U.S. Spreads Democracy Through Shadow Networks

The Obama administration is leading a global effort to deploy “shadow” Internet and Mobile phone systems that citizens of repressed governments can use to bypass censorship in their native countries. The initiative is funded with $2 million from a State Department grant and the Internet is deployed from a small briefcase.

The idea is to smuggle the briefcase (full of Internet) across the border and quickly set it up to allow wireless communication over a wide area with a link to the world wide web. This could be the first step out of many that gives people a greater freedom to step up against their government. The new liberation-technology movement involves creating these stealth wireless networks so activists can communicate outside their government’s ears in countries like Iran, Syria, and Libya.

Pandora Raises Share Price By $3 In IPO

It looks like Pandora has changed its mind on its shares of stock since it’s original IPO (initial public offering). The company has just issued an amendment raising the share price from $10-$12. This is a $3 per share raise from its original average, and brings the company’s valuation from $1 billion to nearly $2 billion.

Since there are nearly 15 million shares up for the taking, Pandora expects to raise about $203 million from the initiative, or $60 million more than it’s original offering. Pandora currently rocks a user-base of 94 million, compared to 53 million the previous year. Likewise, users spend two times more time on the site than they had the previous year (rising from 0.7 billion hours to 1.6 billion hours).

Rumor: Facebook Plans To Buy Skype

A close source to Facebook has told Reuters that Facebook plans to buy Skype at $4 billion, which is a lot more money than what it’s worth, about $1 billion. Consider this a game of monopoly when you already own 2 orange properties and you’re trading for the third orange property. The other player won’t sell you that third orange property to create your monopoly unless it is for a high price. How does four times the value sound? Sounds just like Monopoly to me.

Sprint Still Furious Over AT&T Acquisition

CEO of Sprint, Dan Hesse took a stand against AT&T’s recent merge with T-Mobile. Sprint, along with many other people feel that this recent merging will undo three decades of actions by the United States government that modernized and sparked wireless competition. If the deal is approved, which it would likely be, AT&T will be three times the size of Sprint. Sprint is urging the U.S. government to block this acquisition.

SVP of Government Affairs, Vonya McCann said