UPDATE: The announcement is now confirmed, please see below.
I know you’ve missed it, so here it is—Linky! Goodness! Linky! Goodness!
CNet's 2004 purchase of Webshots for $70 million became a bargain pickup for American Greetings, which paid $45 million to take it off CNet's hands.
It wasn't long ago a couple of analysts pulled a few blogs to the air hose and blew up their valuations. Michael Arrington's TechCrunch was among them with an MSRP of $100 million and CNet the prime candidate to buy. Then, this morning Arrington said something very curious.
Within 24 to 48 hours was the prediction an hour or so ago, but inside sources say the deal is done and Microsoft sealed it. Numbers have not yet been released*, but Microsoft has apparently beat out Google for a stake in Facebook and will continue to serve advertising.
Some of the uproar last week was regarding Comcast's blocking of BitTorrent traffic, a move that, by itself raised concerns about the power over content and packets the cable company was usurping. Over the weekend it came to light that Comcast not only blocked BitTorrent, but also Gnutella and Lotus Notes.
More platform rumors are flying this week. After the success of Facebook’s platform, it seems like everyone and their social network is scrambling to get their own version out. We’ve already seen rumors about Google’s and MySpace’s intentions. Today, the MySpace rumors are called into question and Bebo rumors start.
Shawn Fanning's post-Napster endeavor has fared poorly, with layoffs and "For Sale" signs the order of the day.
Sprint tossed out its CEO, who had backed a plan to build a WiMAX solution in the US. That plan appears to be in jeopardy.
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