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Articles tagged with: MySpace

Nokia’s Messaging Business Goes To UK’s Synchronica

The UK-based mobile messaging company Synchronica has inked a deal to take over Nokia’s operator-branded messaging business in a deal worth about $25 million—including a scant $4 million up front and warrants for some 18.3 million common shares in Synchronica.

Synchronica plans to continue to operate and support Nokia’s messaging system, so existing partners and customers shouldn’t’ see any disruptions.

Chinese Social Platform, Sina Weibo Gets A Worm

A popular social media service in China with 140 million active users was hit by a worm earlier this week that is similar to MySpace and Twitter worms that have been unleashed in the past. The worm first appeared on Tuesday night on Beijing time.

The affected posts displayed a malicious link with enticing messages such as “Software to listen to other people’s phones.” The link would then re-post and send out private messages circulating the link once again every time it was clicked.

Anonymous Released Universal Music And Viacom Data

Anonymous hacking group that absorbed the notorious Lulz Security cybergang on Tuesday released a cache of files purportedly stolen from Universal Music Group and Viacom Inc. , raising the stakes in a nearly two-month-old string of attacks that has compromised corporate and government websites around the world.

Anonymous, a loosely affiliated group of cyberactivists, released passwords and user data stolen from a Universal Music affiliated website, as well as details on Viacom’s computer networks.

Myspace Up For Sale, 95% Less Than Its Original Value

The former social networking giant, Myspace, has been in trouble for a while now but it has finally hit rock bottom, with a sale expected to go down within the next few days. News Corp purchased the “then-popular” social media network in 2005 from Co-founder Tom Anderson.

The site was purchased for $580 million and is now speculated to sell between $20 and $30 million, making it a huge loss for News Corp. (not like it will put much of a ding to their overall revenue)

Do You Have Facebook Fatigue?

Are you addicted to Facebook? So much so that you’re sick of the social media platform? We’ve recently covered the falling numbers with Facebook, but we haven’t exactly figured out why people are closing their accounts.

Although Facebook believes it’s a seasonal change, I argued that it didn’t make sense for students to close their Facebook accounts when they’d (on average) have more time on their hands, now that school is out.

Schmidt, Stop Hitting Yourself, We Love Google

Eric Schmidt, former CEO of Google, claims that Google knew how to do search, enterprise applications, and ‘mobile’, but could never figure out how to create a successful social network like Facebook. Schmidt believes that Facebook has created a fundamental service as it has shown people for their true colors (something that was previously not found anywhere on the Internet).

Where anonymity is usually stressed all over the web, through the use of screen names and avatars, Facebook forces users to sign up with their real names. On a typical Facebook profile, you can see a person’s full name, photo, and some brief information.

Twitter Gobbles Tweetdeck For Breakfast

Twitter has just gobbled the famous Twitter application, Tweetdeck for $40 million, according to CNN. The deal was originally set for $50M but worked its way down to a 40 million sum. Negotiations were finalized on Monday and the papers were signed, giving Twitter the rights to add the Tweetdeck application and similar app purchases like Tweetie to it’s central platform.

In the midst of all the negotiations, Tweetdeck 2.0 released an entirely new version of its application giving it a restructuring both inside and out.

Myspace Continues to Sink, Loses 10M Visitors in a Month

Myspace’s traffic has declined by 10 million unique visitors in just one month, according to recent data from comScore. This simply confirms to obvious fact of Myspace’s inevitable demise. Between January and February of this year, their traffic dropped by 14 percent, going from 73 million to 63 million visitors. Even more evidence for the death of Myspace: the site’s traffic is half of what it was a year ago.

Myspace’s unfortunate owner News Corp is trying to sell the company. They bought Myspace in 2005 for $580 million, however a lot has changed since ’05 and they are losing money on the site. At the beginning of this year, they laid off almost half of Myspace’s staff. There has been some interest from potential purchasers of the site, one of which is social gaming company Zynga.

$150 Million Ad Revenue Estimated for Twitter in 2011

In April 2010, Twitter introduced Ad sales and now estimates by Emarkerter Inc, indicate that it will likely hit $150 million this year as more companies use it to do PR and spread marketing messages. Emarketer also predicts that Twitter may reach $250 million in ad revenue by 2012.

Twitter, which is now valued at $3.7 billion after several funding rounds, has more than 175 million users globally and competes for advertising with Google and Facebook. However, according reports only 8% of web users currently use Twitter. Yet to generate more ad sales, analysts predict that Twitter will need to unveil a self-service ad platform that doesn’t require contact with sales people, similar to the one Google and Facebook currently use. The service should make it easier for anyone to market their services and products on Twitter.