Archive for January, 2011
MySpace to lay off half their Staff
It has been reported that MySpace, will layoff half of its 1000 employees this week. The layoffs come as the social media site tries to restructure and overhaul the company in an attempt to save itself from poor financial situation. News Corporation had invested in MySapce to broaden its reach across the globe in the […]
Read More | ShareMicrosoft to release Windows TV Set top boxes
Microsoft will be revealing new software to run on Set top box devices which enables a Windows TV experience. The Software will make use of Microsoft’s Windows Embedded platform and the Windows Media Center interface. The software will also be able to work with XBOX 360 devices, otherwise your computer. One of the devices will […]
Read More | ShareFacebook raises $500 Million in Funding
Facebook has raised an additional US$500 million in a new round of Venture Capitalist Funding. Goldman Sachs has invested $450 million and Russian investment firm Digital Sky Technologies has invested $50 million. This puts Facebook at a valuation of around US$50 Billion. There has been speculation that an initial public offering (IPO) will be set […]
Read More | ShareHappy ‘Social Media’ New Year
Hello All, I would like to take this opportunity again to wish you all a happy new year and prosperous 2011 ! I hope you all had great new years eve celebrations. I certainly had an awesome time and great start to 2011. It will be interesting to see how social media in Australia (and […]
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