for $39 billion. While the acquisition has been approved by the board of directors of both companies, it has not yet been approved by the FCC. No matter what sort of deal the two companies have worked out, at the end of the day the FCC can refuse to allow the them to merge. Yesterday’s announcement came in the form of a press release. This morning, AT&T held an press conference to...
NPD Group announced that Netflix’s share of streaming video content market has reached a definitive 61 percent. Comparatively, that’s about fifteen times the share that Apple’s iTunes movie store has reached. Does Netflix have an edge on its competitors? How will the rental service take advantage of its market share? With Apple’s recent push to make a significant entry in the video...
Ryan Sarver, a lead member of Twitter’s Platform Team, posted a thinly veiled edict to third parties looking to cash in on the microblogging service’s runaway popularity. The message: Don’t develop any new Twitter clients, ’cause we ain’t gonna let ’em show Kanye and Charlie’s crazy rants. While Sarver’s post, entitled “consistency and ecosystem opportunities” is somewhat confusing to...
Amazon has notified customers that it is ending its Amazon Tote pilot program in Seattle on March 3rd according to a letter sent out to customers. According to TechFlash, customers received an e-mail notifying them of this yesterday, and that they could transition over to the Amazon Fresh service, another home delivery option that is exclusive to Amazon’s home town of Seattle. The...
The Borders book store chain has filed for Chapter 11 bankruptcy protection, and will close a third of its stores in the coming weeks. We reported late last week that Borders was looking into filing for Chapter 11 bankruptcy protection. The theory at the time was that the company would file early this week so that it could gain protection from publishers and other creditors, and would...
So it seems we have an overnight success, or what seems like one anyway. Out of nowhere Groupon Inc., the Chicago based coupon site, has become a tech superstar, so much so the company has spurned a $6 billion offer from Google this month. Groupon has now filed to raise up to $950 million from the sale of preferred stock. Groupon offers local deals for businesses like restaurants,...
So it seems we have an overnight success, or what seems like one anyway. Out of nowhere Groupon Inc., the Chicago based coupon site, has become a tech superstar, so much so the company has spurned a $6 billion offer from Google this month. Groupon has now filed to raise up to $950 million from the sale of preferred stock. Groupon offers local deals for businesses like restaurants,...
Remember June 2010? I know, it seems like just yesterday or, you know, six months ago, but to publications like Wired it must seem like a lifetime ago. Those halcyon days of selling 24,000 copies of the digital edition of your magazine in one day, and going on to move over 100,000 copies in the first month. Why, they must have been thinking they could do away with printers all...
As the calendar year of 2010 comes to a close, the inevitable bombardment of awards and statistics about the gaming industry has begun. Market researcher Newzoo recently released a report that reaffirmed already-known facts. It comes as no surprise that the fickle economic climate affected gaming negatively, the evidence being the drop in consumer spending by two percent. While this...
On Nov. 29th, also known as “Cyber Monday”, monolithic online retailer Amazon had its best day ever selling more than 13.7 million items, or 158 items per second. According to The Wall Street Journal, Amazon’s peak last year came on Dec. 14th with numbers of 9.5 million items, or 110 items per second, meaning that the company beat the old record by a hefty 44 percent. To paraphrase...