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About Doug Caverly

Doug is a staff writer for WebProNews. Visit WebProNews for the latest eBusiness news.
Schmidt Says Mobile Growing “Faster Than All Of Our Predictions”

The use of the mobile Web will at some point become universal, and that point may arrive sooner than anybody expects, according to Google’s CEO.  Eric Schmidt indicated yesterday at the 2011 IAB Annual Leadership Meeting that even Google’s supercomputers and brilliant employees haven’t been able to make accurate forecasts so far.

Big JPMorgan Twitter Investment Rumored

Earlier this month, JPMorgan Chase raised $1.2 billion to establish a digital growth fund, and it looks the organization is wasting no time in putting that money to use.  Reports now claim that JPMorgan intends to acquire a 10 percent stake in Twitter (assuming it hasn’t done so already).

Groupon’s CEO Pegs 2010 Revenue At $760 Million
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When Groupon was said to have turned down a $6 billion acquisition offer from Google, many onlookers wondered what could possibly have motivated that decision.  Now we know: the ability to earn $760 million in revenue in 2010, along with the goal of bringing in over a billion this year.

Facebook Picks Up New Employees From Pursuit
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Pursuit, a small startup designed to connect employers with job candidates via social networks, has secured what some people (though not all – more on that in a minute) would consider the ultimate prize.  A post on the company’s homepage indicates that it attracted Facebook’s attention in a big way.

Now, as you see for yourself below, it looks like at least part of the Pursuit team will go to work for the social network.  Which could mean Facebook intends to step on LinkedIn’s toes, if the Pursuit team sticks to the subject of recruitment.

Samsung Named As Possible Google TV Partner
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Google TV got off to a rough start, but its fortunes may soon improve thanks to Samsung Electronics.  A new rumor indicates that the organization, which is the largest electronics company in the world, could start to integrate Google TV software into its products.

YouTube Movie Service May Launch In UK
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YouTube users in the UK may soon gain access to a bigger and better selection of movies through the site – if they’re willing to fork over a fee.  Rumor has it that Google intends to begin testing a Netflix-like subscription service in the region.

Fashion Brands Using Facebook To Best Effect
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Lots of companies have a strong presence on Facebook, with Chipotle, Ford, and NBC all making significant moves just this week.  But when it comes to effective marketing in the UK, new data from Experian Hitwise indicates that fashion brands know how to use Facebook best.

Report: Pres. Of MySpace Music To Step Down
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In fairness to MySpace: its brand recognition is off the charts, and it still receives traffic for which many sites’ owners would kill.  But just about everyone who doesn’t work for the unit agrees that it’s declining, and now it looks like the president of MySpace Music has joined that crowd.

Bing Spreads Facebook “Liked Results”
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People who use both Facebook and Bing should soon become more familiar than ever with the concept of "social search."  The integration of Facebook "Likes" into Bing’s results is continuing so that searchers can see which sites have earned their friends’ approval.

Global Android Activations Visualized
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Anyone who’s unimpressed by the adoption rate Android’s enjoyed since its launch should consider setting aside three minutes to watch a new video.  The Android Developer Channel on YouTube has created a visualization of the mobile operating system’s spread, and it’s an interesting sight to see.

Zacks Investment Research Downgrades Google
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Investors who own shares of Google are sure to be thankful of that fact today; Google’s stock rose 0.18 percent even while the Dow and Nasdaq sank 0.87 percent and 1.21 percent, respectively.  But not all the news is good, as Zacks Investment Research also downgraded Google to "neutral."

Google Posts “Three Laws Of Display Advertising Physics”
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If anyone’s in a position to write (or rewrite) the rules of advertising, it’s Google, the company that was founded in 1998 and now has a market cap of $197 billion.  Marketers may want to pay attention, then, as the search giant outlined three "laws of display advertising physics" this afternoon.

PayPal Opens New Customer Service/Operations Center
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Thanks to PayPal, the unemployment rate in Chandler, Arizona should dive rather soon.  PayPal announced today that it’s opening a new customer service and operations center in the city, and the center is designed to accommodate as many as 2,000 employees.

Analyst Estimate: CBS Deal Cost Netflix $200 Million

The combined value of The Andy Griffith Show, Cheers, Frasier, every Star Trek series, The Twilight Zone, and Twin Peaks is in many ways incalculable.  They’re some of the greatest series ever made.  But if anyone was wondering, the cost of yesterday’s Netflix-CBS deal was probably in the neighborhood of $200 million, according to a new estimate.

MySpace Music, Songtrust Partner
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MySpace, which has long enjoyed a reputation for being a good place for individuals to get familiar with different bands, may soon become even more useful to up-and-coming musicians.  MySpace Music has partnered with Songtrust in an effort to introduce better music publishing management services.

Google Gets Behind Tax Data Visualization Contest

Prepare to take some pride in what your tax dollars achieve (or decide to disappear into the forests of Canada).  Google’s throwing $5,000 and its PR machine behind a contest meant to show the public how American tax money is spent.

Facebook Hires Google’s Latin America Head

Although Google’s famous for being one of the world’s best employers, Facebook has been able to lure workers away on a regular basis, and the social network’s starting to get quite aggressive about it.  Indeed, the latest switch involves Alexandre Hohagen, Google’s (former) top-ranking exec in Latin America.

Russian Official Faults Google For “Manipulations” In Egypt
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Google’s attempts to "do no evil" and defend Wael Ghonim may have raised the Russian government’s ire.  Deputy Prime Minister Igor Sechin has been quoted blaming more than one executive for contributing to the Egyptian revolution.

According to a new Reuters article, Sechin said, "Look what they have done in Egypt, those highly-placed managers of Google, what manipulations of the energy of the people took place there."

Yahoo Japan Agrees To Video Deal With Ooyala

Yahoo Japan’s approach to online video technology will soon change a great deal.  Indeed, the company’s partnered with Ooyala, an online video specialist, and its tech is supposed to be incorporated into just about everything Yahoo Japan owns.

Twitter Poaches MySpace’s Director Of Business Development

Depending on your perspective, Twitter’s recruiters have either succeeded or struck again.  After luring employees away from Google, Yahoo, and Facebook, they’ve now also brought Rita Garg, Director of Business Development at MySpace, onboard.

Garg has a rather impressive resume.  For starters, she attended both Stanford (getting a BA in Economics) and the Harvard Business School (earning an MBA).

$1 Billion Yandex IPO Set For This Summer

Anyone who would like to invest in Russia’s most successful search engine may want to start saving pennies and talking to his (or her) stockbroker.  Reports indicate that Yandex, which has had little trouble fending off Google in its home market, will go public and try to raise $1 billion this summer.

Facebook Chat In Hotmail Goes Live Worldwide
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Five months ago, Microsoft announced that Hotmail users in Brazil, France, Germany, Russia, the U.K., and the U.S. could begin to chat with their Facebook friends while checking their email.  Now the integration of Hotmail and Facebook Chat is complete in every place where Facebook is available.

We’ll admit: this may not sound like a big deal insofar as it’s pretty simple to toggle between a Hotmail tab and a Facebook tab.  But the development at least goes to show that relations between Microsoft and Facebook are as good as ever.

Yahoo Highlights Role In Creation Of Watson

Pretty much everyone knows by now that Watson, the Jeopardy-playing supercomputer that was able to cream two human champions, was created by researchers at IBM.  And IBM’s made clear that Watson doesn’t work its magic by searching the Internet.  But apparently Yahoo tech did play a role in the creation of the machine.

Report: Baidu Execs Visiting Facebook In CA

A partnership between Facebook and Chinese search giant Baidu – long the subject of rumors and speculation – might be closer than ever.  An unconfirmed report indicates that Baidu execs are visiting Facebook in California for the sake of discussing a deal.

Bill Bishop, who’s bilingual and thereby able to read the original story, wrote yesterday, "Sina News reported on Friday afternoon that unnamed Baidu executives have flown to Silicon Valley to discuss possible cooperation with Facebook."