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Proverb

When you are surrounded by Vultures try not to die. Ivory Coast Proverb

Twitter users hit half a billion

Box powers data management bubble

Today, Box has raised a big $125 million growth round according to AllThingsD.The company is now worth $1.2 billion.

Box has raised $284 million to date -- about $30 million more than its file sharing and storing competitor Dropbox which has a $4 billion valuation. Grown-up investors participated - General Atlantic, a Facebook investor, led Box's funding round. Social + Capital Partnership, an investment firm started by early Facebook employee Chamath Palihapitiya, also participated along with two other institutional investors.

We say that the data management/storage market is way over heated and hyper competitive. now the big boys such as google, apple and amazon have entered the market the independents cost of customer acquisition and retention has sky rocketed. To keep up they are forced to give away increasingly generous allocations of free storage. This obviously unsustainable.

Its forced us to change our plans for our data management product as we cant see how these guys will ever make money on current models

The Greatest

Well done Michael Phelps.

19 olympic medals (of which 15 are gold).

Greatest Olympian of all time.

What an inspiration. Testimony to focus and hard work.

classic

London 2012

Mobile's killing the news media

Michael Wolff can be seriously bitchy but this piece is well balanced and well worth a read.

http://www.guardian.co.uk/commentisfree/cifamerica/2012/mar/27/mobile-news-media-imploding

Tortoise & Hare

While it will have taken the newspaper industry over 100 years to create the infrastructure needed to reach 1.8 billion readers it will have taken the technology industry less than 10 years to achieve comparable reach!

agree to disagree

Metro International - pioneer of free newspapers

Steve Jobs

A Hong Kong design student's tribute to Steve Jobs that generated a buzz in cyberspace following the death of the co-founder of Apple last week is not original, the teenager said on Monday.


Jonathan Mak, 19, said he was not the first to come up with the design that fits Jobs' silhouette into the bite of the Apple logo. He was speaking after comments surfaced on Twitter that a U.K.-based designer, known as Raid71 on the web, created the original design in May.

The design posted by Mak on the Internet spread like wildfire in cyberspace on Thursday, just after the passing of Jobs.

It drew hundreds of thousands of posts, and commemorative caps and T-shirts peddled on eBay featured his design. The logo was even used by Hollywood actor Ashton Kutcher as his Twitter profile picture.

Mak, a student at Hong Kong's Polytechnic University School of Design, acknowledged he was not the original creator of the design but said he did not "rip off" the U.K. designer.

Newspapers irrelevant to under 40 years olds

Take a look at the table below its a graphic illustration of the almost complete lack of interest paid to newspapers by people under the age of 40 years. Ouch

LivingSocial - $200m raise not IPO

Daily online deals startup LivingSocial might delay filing its initial public offering in favor of a new $200 million funding round, according to a Bloomberg report citing anonymous sources familiar with the matter.
The fact that both LivingSocial and rival Groupon are rethinking their IPO strategies could signal a slow down in the market demand for daily deals across the board.
T
he potential round, which would value LivingSocial at $6 billion, could include both equity and debt, according to the report. Investment for the new round would come from existing and new investors.
Previously, LivingSocial was discussing an IPO valued at more than $10 billion. However, the stock market slump that began in July is causing the company to rethink its strategy.

Daily deals company Groupon has also been rethinking its strategy toward going public because of market conditions and questions of whether the company will successfully sustain a profit in the future (Groupon has yet to turn a profit since launching in 2008). Also, both Facebook and Yelp have scaled by their own daily deals efforts, reinforcing the notion that daily deals demand is declining.
Washington D.C.-based LivingSocial has pulled in $632 million in funding to date.

The company was not available for immediate comment about the potential funding round.

Greatness - its in your grasp

US Defence Spending $$$

thank you www.theday.co.uk - explaining matters

The future of newspapers

This is a lot of fun as it imagines what a newspaper reading experience might be like in the (near) future.

New York Times R&D Lab: The kitchen table of the Future from Nieman Journalism Lab on Vimeo.

Apple on a role

Apple is on a phenomenal role right now.  Revenues rose to $28.6bn in the quarter, up from $15.7bn last year, while profits soared to $7.3bn, more than twice as much as in the same quarter in 2010.


Most exciting is the fact that two thirds of the computer company's revenues are now coming from mobile devices which did not exist four years ago. Thats just incredible. 

Where to next for the mighty Apple? into the cloud

LivingSocial next deal of the day service to IPO?

 Kate Kelly at CNBC just reported LivingSocial — a Groupon-like daily-discount company — is in the process of picking bankers for its IPO.

Here are the details, as reported by CNBC:

• An IPO could value LivingSocial at $10 billion to $15 billion.

• LivingSocial is likely to pick a banker by the end of the week.

• LivingSocial is expected to reach $1 billion in revenue this year, and they expect to be free cash flow positive by 2012.

China in Africa

Two centuries ago, Napoleon observed: "China is a sleeping giant, but when she wakes she will shake the world."

Certainly the case it Africa where an estimated 1 million Chinese now live

China is redefining the continent's economic landscape and gradually displacing the influence and relevance of western governments, corporations and development agencies.

Beijing now lends more to Africa than the World Bank does.

Trinity Mirror Exec Pay

The heat has finally been turned on Trinity Mirror CEO Sly Bailey by shareholders regarding her executive pay. As the article in the ST stated the size of her pay is completely out of wack with the (current) size of the business.

It may well be time for Ms Bailey to do the right thing and re balance her pay package to the size of business she has presided over for the last 10 years.

Shrinking business should equal shrinking executive pay.

I doubt it will in this case but it should.

Facebook hits a wall

Facebook has seen "big traffic drops" in the U.S. and Canada, even while it slowly closes in on 700 million members globally, according to Inside Facebook<http://www.insidefacebook.com/2011/06/12/facebook-sees-big-traffic-drops-in-us-and-canada-as-it-nears-700-million-users-worldwide/>, which monitors membership rates of the social network.
The behavior of the social network's North American and (some) European membership suggests its growth potential in these nations is now limited. And that's potentially a big detriment to a Facebook IPO.
And this news on the day that Facebook IPO rumored<http://www.cnbc.com/id/43378490/> to be at $100bn valuation

Ad Placement (not funny)

Nokia and Apple friends again?

Nokia And Apple Bury The Hatchet, Settle Patent Suit http://cnt.to/os5

high50 launches

I am delighted to announce the launch of high50.

Its taken rather longer than we expected (3.5 years) but good things come to those that wait dont they? And over a million more people have turned 50 in the meantime so the delay isnt all bad.

So for those of you who have made it through the last half-century in reasonable shape and are looking forward to the next. Join us.

A big thank you to web wizard Toby Kay for all his hard work and the genius that is (Beta).

Apple arrives in the cloud

For those of us hard at work on developing cloud products that make it easy to access data from any device it was great to see Mr Steve Jobs unveil iCloud.

Following hard on footsteps of Google and Amazon Apple are
the latest 'big beast' to offer consumers the ease and convenience of storing data in the cloud and the ability to access it from any device.

Its a great space and one that will radically improve the way we manage our personal content and our media.

I can think of no better space to be in right now.

Groupon Q1 revenues blast

Groupon 2011 Q1 revenues of $645m, almost as much as for the whole of 2010 at $713m (FT)

Where are the true believers?

Startup fundraising isn't about convincing skeptics but rather finding true believers.

Twitter buys Tweetdeck

Taking out another potential competitor, Twitter has reportedly acquired TweetDeck for more than $40 million in cash and stock.

Apple dominates profits with 57% profit share in Mobiles globally

With 19% smartphone (Canalys) market share, and 5% Mobiles (IDC) market share, Apple takes a disproportionate 45% of the industry profits.

Blackberry (25% of Industry Margins), HTC (15%), Samsung (12%) and Nokia (8%) complete the list.

Microsoft to buy Nokia!

Microsoft rumoured to be negotiating to buy Nokia's phone business. Watch this space

Trinity Mirror continues to struggle

Trinity Mirror has reported a 10% fall in advertising revenue in the year to 1 May and warned of the continuing challenging and fragile economic environment facing newspaper publishers.

The Times iPad

Twenty-five thousand people read The Times on iPad each day. Its stablemate The Sunday Times counts 22,000 readers, including two million iPad page views.

Microsoft confirms $8.5 billion cash to acquire Skype

US CEO pay

CEO Pay Rose 11 Percent in 2010

The median value of compensation for CEOs of 350 major companies rose 11
percent to $9.3 million, according to a study conducted for The Wall
Street Journal by management consultancy firm Hay Group.

At the top of the list is Viacom CEO Philippe Dauman, who pocketed $84.3 million in compensation - more than double his 2009 total.

Next was Oracle honcho Larry Ellison, who received compensation valued at $68.6 million, followed by CBS CEO Les Moonves, who can drown all his Charlie
Sheen-related sorrows with compensation valued at $53.9 million.

Four of the top 10 most highly compensated CEOs were heads of media companies, including those at Viacom, CBS, Walt Disney, and Time Warner. Meanwhile,News Corp. CEO Rupert Murdoch ranked 52nd on the list, receiving $16.5 million in compensation.

Read it at The Wall Street Journal:
http://e.thedailybeast.com/a/tBNx9sDB7SwhTB8a9g4DTNACvd$/dail4

News boon

What an extraordinary and momentous world news and current affairs calender .

Few can remember so many massive stories packed into so few months


We've had massive natural disasters, oil and nuclear disasters and financial disasters. We've had the reshaping of north africa and the middle east thanks to the Arab Spring. We've had the slaying of OBL after a decade of effort, we've had the wondrous spectacle of a royal weddings. Phone hacking. Etc. Etc.
The list just goes on and on.

Its provided a boon for news media  and the coming of age of social media as influential news channels.

This must be one of the very finest news runs of all time.

Smartphone sales growth

The worldwide smartphone market grew 80% in the first quarter compared to a year ago as manufacturers rolled out much-anticipated new devices and prices on older models dropped, according to new data from technology research firm IDC.

The number of smartphones shipped in the quarter nearly doubled to 99.6 million units from 55.4 million a year ago.

LivingSocial raises $400m

LivingSocial, the U.S. online coupon seller, has raised $400 million to fund expansion and keep up with larger competitor Groupon Inc,

Where do good ideas come from

HuffPO swims the pond

Arianna Huffington is to launch a UK edition of the Huffington Post this summer, as the US news and current affairs website recently acquired by AOL moves to expand internationally.

Groupon: has the bubble burst?

Groupon IPO

GroupOn to Get $25 Billion IPO?
Coupon site has been in talks with banks.

http://e.thedailybeast.com/a/tBNgl3WB7SwhTB8Zun2DTNACvHu/cht5

The end of postage stamps?

Are stamps the next thing to be made obsolete by the onward march of technology?

Denmark will introduce something called the Mobile Postage beginning on April 1. It’s as it sounds: rather than slap a plain ol’ postage stamp on a piece of mail, Danish folk will instead send a text message to the post office, which will then send back a postage code. You then write this postage code on your mail, and off you go.
The code will cost 8 DKK (just shy of $1.50 USD), and will initially only be usable on letters up to 50g (~1.76 ounces).

Sweden said that it, too, was considering introducing a text message postage stamp.

Seems like a really good idea to us

You've been warned

Personal Content - great app

Groupon looks for even more cash through IPO

Groupon, the social buying site that spurned a $6 billion offer from Google, is pushing ahead with plans for its initial public offering, a debut that could value the company at $15 billion or more.


The company, which just raised a record $950 million from big investors, discussed a public offering with bankers this week, according to two people with knowledge of the deal who were not authorized to speak publicly on the matter. Banks are pitching Groupon on dizzying valuations at which they expect to take the company public, with many at $15 billion, these people said

Social gaming - $1bn market in 2011

Social gaming is expected to be a billion-dollar business this year, according to an eMarketer report released today. Of course, this staggering number isn’t surprising considering the massive growth of both Zynga and Facebook as a platform for social games.


eMarketer says that nearly 62 million US internet users, or 27% of the online audience, will play at least one game on a social network monthly this year, up from 53 million in 2010.

In the U.S., consumers will spend $653 million on virtual goods in social games in 2011, compared to $510 million spent in 2010.

These revenues from virtual goods will continue to make up the majority of social gaming revenues in the past but other areas in the business are anticipated to grow. Ad spending is expected to grow to $192 million in 2011 to advertise on social games, which is a 60% increase over 2010. And Lead-gen offers will increase to $248 million in 2011 from $225 in 2010.

Ad revenue is actually expected to surpass lead-generation offers as a source of developer revenues in 2012, says eMarketer.

Facebook valuation doubles to $50 billion

Facebook has raised another $500 million from Goldman Sachs and Russian investor Digital Sky Technologies, at a valuation for Facebook of $50 billion, the New York Times reports. That makes Facebook CEO Mark Zuckerberg worth more than twice the $6.9 billion Forbes said he was worth in September 2010 –when Facebook was valued at $23 billion.

It probably won’t change Zuckerberg’s low-key lifestyle, but the jump in net worth will, as the New York Times noted, put  Zuckerberg closer to the ranks of Google founders Sergey Brin and Larry Page, both worth $15 billion as of Forbes’ Sept. 2010 ranking of the 400 Richest Americans.

The latest fundraising will also boost the billionaire fortunes of two other Facebook co-founders, Dustin Moskovitz (worth $1.8 billion on the 2010 Forbes 400) and Eduardo Saverin (worth $1.15 billion on the 2010 Forbes 400). Moskovitz left Facebook in 2008 to start another company, Asana; Saverin helped Zuckerberg found Facebook but stayed on to graduate from Harvard while Zuckerberg and Moskovitz dropped out.

Welcome to 2011

Happy New Year

2011 is going to be spectacular.

Year when tablets sales explode making them really interesting for publishers and advertisers. When Facebook and social media become very powerful advertising channels. When mobile finally gets locational. Year when everybody wakes up to the potential of Africa. When cloud computing becomes real and begins to impact on consumers lives. Year when newspapers struggle with digital and digital commercial models continue with no sign of a solution. When digital couponing takes off.

It's going to be a cracker and as always we will be ringside.

Groupon file for massive fundraise

Having turned down a huge bid from Google it seems that Groupon are now firing up with a massive fund raise.

"Groupon filed a request with Delaware authorities to raise as much as $950 million by offering preferred shares, The Wall Street Journal reported."

We all thought Groupon were nuts to turn down Google and that they should have taken the money.

Having so publicly declared and demonstrated their independence they now need big funds to defend their territories and to grow. It's not going to be easy. Competition is growing from a raft of players that include newspapers who scent an opportunity for themselves in the Groupong model. And then they is Google who having been rebuffed are unlikely to sit idly by and let Groupon succeed. And lastly there is the growing negative buzz that surrounds Groupon. Merchants and customers who have had a poor and unprofitable experience are increasing vocal.

Sure all makes for an interesting story in 2011.

Online ad spend greater than newspaper in 2010

Digital advertising in the U.S. will exceed ads in newspapers for the first time in 2010, as marketers follow consumers online and digital messages are viewed as more reliable than print.

Online advertising spending will finish the year with a 13.9 percent increase to $25.8 billion, compared with an 8.2 percent decline to $22.8 billion for print newspaper ads, New York-based researcher eMarketer said today on its website.

"It’s something we’ve seen coming for a long time, but this is a tipping point," Geoff Ramsey, chief executive officer at eMarketer, said in the statement. "The bad economy has actually accelerated the shift to digital advertising."

Online ads are typically seen as more reliable, he said, because their effectiveness can be measured, whereas print ads “are often difficult to tie to a measurable financial result.”

Newspapers will end 2010 with a 7.8 percent gain in online ad spending, to $3 billion, leaving them with an overall drop of 6.6 percent, to $25.7 billion, eMarketer said.

Total ad spending in the U.S. is expected to increase 3 percent to $168.5 billion in 2010, the research company said. Expenditure on newspaper print ads will continue to decline next year by 6 percent to $21.4 billion, and total online spending will rise 10.5 percent in to $28.5 billion, eMarketer estimated.

Bomber Command - oldie but goodie

I'm sure you've all read this many times before.....I hadn't ever read it which is why I post it here

Bomber Command's Operational Research Section (BC-ORS), analysed a report of a survey carried out by RAF Bomber Command. For the survey, Bomber Command inspected all bombers returning from bombing raids over Germany over a particular period. All damage inflicted by German air defences was noted and the recommendation was given that armour be added in the most heavily damaged areas. Their suggestion to remove some of the crew so that an aircraft loss would result in fewer personnel loss was rejected by RAF command. [Patrick] Blackett's team instead made the surprising and counter-intuitive recommendation that the armour be placed in the areas which were completely untouched by damage in the bombers which returned. They reasoned that the survey was biased, since it only included aircraft that returned to Britain. The untouched areas of returning aircraft were probably vital areas, which, if hit, would result in the loss of the aircraft.