Facebook’s Mark Zuckerberg now richer than Google founders

Mark-Zuckerberg

Mark Zuckerberg is worth $18 billion.

Mark Zuckerberg, founder of Facebook, has become richer than Google founders Sergey Brin and Larry Page, thanks to GSV Capital Corp’s stake buy which values the popular social networking site at about $70 billion. Earlier this week GSV Capital Corp bought 225,000 shares in Facebook at an average price of $29.28 each.

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Wave of lay-offs hitting banks and thousands more job losses to come

hsbc

About 700 job reductions at HSBC will mainly affect UK branch offices.

The wave of lay-offs hitting banks gathered pace on Thursday.  Thousands more job losses are set to hit retail businesses and market divisions while lenders fight off a limp economic recovery, trading woes and tougher regulation.

 

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Social media draws more viewers to live tv

iphone-and-twitter

Live-tweeting supports live tv viewing.

Social media is bringing dramatic changes to nearly every aspect of the TV business. Viewers are using Facebook and Twitter to comment about shows before, during and after they air. Television networks, grappling with the fragmentation of their audience, are experimenting with mobile apps, Twitter promotions and branded social networks in an effort to bring viewers back together. And a variety of other stakeholders are getting in on the social action as well.

 

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Google activates 500,000 Android devices every day

androids

 Android had become the most popular operating system among smartphone users in the United States.

The vice president for engineering at Google, Andy Rubin, said in a Twitter message Tuesday that the company was now activating over 500,000 Android devices each day.  Andy leads the company’s Google Android platform.

 

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Anonymous hacktivists take down MasterCard.com again in support of WikiLeaks

wikileaks-mastercard-580x327

WikiLeaks certainly has powerful cyber-supporters.

Just one day after the LulzSec hacking group announced its retirement after a 50-day stint, it appears that hackers with the Anonymous group have picked up from where they left off by attacking the MasterCard website in protest of the WikiLeaks blockade.

Earlier today, Twitter user @ibomhacktivist tweeted a message saying that MasterCard.com was down. The hacker said “that’s what you get when you mess with @wikileaks and @Anon_Central.”

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9 Steps to consider when valuing your Startup

startup 666

Valuing a Startup can always be challenging.

Determining your startup’s worth is one of the hardest parts of the fundraising process. There is no magic formula that will spit out a valuation, namely because the number is highly subjective. The entrepreneur, for example, anticipates huge potential and may therefore put a high valuation on his company. The investor, on the other hand sees a company that needs capital to grow and may fail without it, so he may set a low valuation. To help the process, we’ve devised a few considerations to help value your company…

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FTC approves controversial firm to dig up your dirt on social networking sites

surveillance

This is a  frightening prospect that any social media posting, even years old, can be used in background checks.

A controversial firm which scours social media sites to check on job applicants has bee approved by the Federal Trade Commission. The approval means anything you’ve ever said in public on sites including Facebook, Twitter and even Craigslist could be seen by your would-be employer.

 

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