We’re pretty used to hearing outlandish valuations on Internet companies that, if they were people, would be barely out of nappies. It happened during the first dot-com boom, and it’s happening again now. But news that Facebook is
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When Google offers to buy your two-year-old website for as much as US$6bn, you’d have to be crazy to refuse, right? But that’s what Groupon did. A surge of rumours last week had Google opening its offer
From the start, The Social Network is a barrage of words as relentless as a Twitter stream. David Fincher’s fictionalised account of the founding of Facebook doesn’t pause for breath as it fires off its sound bites and zingers at a rate of about a zillion a minute to compress Aaron Sorkin’s dense 162-page script into a concise two-hour film.
“Where’s the business model?” echoes the cry of that most thick-skinned of beasts, the greater suited market analyst (Homo economicus). Part war cry, part mating call, we’ve grown accustomed to hearing this phrase every time a website with no obvious revenue stream starts to attract attention. For years, each mention of Facebook brought out a squawking chorus of them. But Homo economicus is now deathly silent.
We human beings are an irrational bunch. When anything new comes along we tend to take one of three basic positions: deify, deny or demonise. It takes time for us to recognise the nuances that allow us to integrate this new force into our world view — be it a pop star, a politician, an idea or a
Mobile instant messaging provider MXit was voted number one by SA youth, beating a formidable list of global players like Facebook, YouTube and Yahoo, a survey showed on Wednesday. The survey, which was part of the Sunday Times Generation Next Survey, interviewed more than 5 800 youth from six provinces. MXit took first place for best cellphone application and best social networking applica
MTN is getting social. The Johannesburg-headquartered cellular telecommunications group has signed an agreement with US-based social networking service Facebook. The…
When analysts deliver presentations on cloud computing they inevitably reference US enterprise software service company Salesforce.com in their PowerPoint slides.…
Even when she was a child, Barbara Mallinson knew that one day she would start her own business. Schooled in…
Web search giant Google is a mounting a fresh assault on Facebook and Twitter with a new social networking tool, Buzz, that it plans to begin offering to users of its Gmail e-mail service over the next few weeks. Google has struggled to gain a strong foothold in the social networking space.