Many people talk about net neutrality but often do not have a full understanding of what it is and how it would affect them. They get a partial story – the story is often different depending on which side of the fence someone is on.
Groupon Inc, the fast-growing online coupon seller, has been authorized to raise up to $950 million in what would be the biggest round of equity financing by any company since Pixar in 1995.
The company said in filing with the state of Delaware that it intended to sell shares at $31.59 each.
That price would value Groupon at between $6.4 billion and $7.8 billion, depending on the number of shares issued, according to VC Experts, a research firm that specializes in providing data on private companies.
Groupon, with annual revenue said to range from $500 million to $2 billion, sends members daily e-mails with steeply discounted deals from local merchants. The deals are activated when a certain number of people agree to make a purchase.
Around The Web
- Vimeo On Demand celebrates first birthday, gives filmmakers money, viewers a fresh interface
- Neutrality Be Damned: 10 Best Cars from the Geneva Motor Show
- Helping Amputees Cope With Augmented Reality
- Apple Adding Retina Resolution for 4K Displays in Mavericks 10.9.3
- This Stunning Model of Manhattan Is Carved In Solid Marble
- BlackBerry Bold 9900, 9930 Will Run BlackBerry OS 7
Just in time for the holidays match.com has decided to allow for a free 7 day trial to find that special someone of your dreams. Or at least find someone to go to your family holiday parties so they don’t think you are still a single loser who writes blogs for a living. Deadline for the trial is Jan. 4th so hurry up! Match.com
Facebook Inc is likely to generate 2010 revenue of about $2 billion, more than previously expected for the popular social networking site, Bloomberg reported, citing three people familiar with the matter.
Facebook’s 6-year-old service, which ranks the world’s largest Web social network with roughly half a billion users, posted 2009 revenue of around $800 million, Reuters reported earlier this year.
Is there anything Google can’t do? Besides making you coffee (which I hear they’re working on), there really isn’t much that Google can’t do. Coolest on the list of things Google can do is beatboxing, and here’s how to make Google do it:
Check out other viral videos at VISQY!
Aspiring film makers get excited. Amazon.com has announced the creation of their own movie studio and they want your submissions. On the belief that “21 century technology creates opportunities to create and share movies more easily than ever.”
Amazon has formed a business model aimed at promoting the amateur film makers of the world. For you, this means the chance to win money, 2.7 million in monthly and annual contests within the first year. Next, to get noticed, sharing your work with the global community of filmmakers and writers they plan to assemble. Finally, to get your movie made, with a first-look deal in place with Warner Bros. Studios as well as the potential to be shopped around by Amazon Studios to other major film studios. For more details and deadlines check out studios.amazon.com
Internet search leader Google Inc is not building a social network to compete with Facebook, a company executive reiterated on Thursday, despite an intensifying rivalry between the two leading Internet groups.
“We’re not working on a social network platform that’s just going to be another social network platform,” Google’s head of mobile product development, Hugo Barra, said in answer to a question at the Monaco Media Forum.
“We do think that social is an ingredient for success for any app going forward, search and advertising being probably the best two examples that I would mention. So that’s how we’re thinking about the problem.”
Google Inc will give its staff a 10 percent pay increase at the start of next year, according to website Silicon Alley Insider.
Chief Executive Eric Schmidt informed Google’s more than 23,000 employees of the raise by email, the Wall Street Journal later reported.
Silicon Alley Insider, citing a reader, earlier reported that Google is giving all its employees a $1,000 holiday bonus in addition to pay increases of at least 10 percent.