Damian Radcliffe

Posts Tagged ‘AOL’

Top Internet, Technology and Social Media Stories, Facts and Links: mid-May 2011 to mid-June 2011

In Monthly round up: Top Internet, Technology and Social Media Stories, Facts and Links on June 19, 2011 at 11:16 pm

Stats

Cisco forecast the global online population will reach almost 3bn over the next four years, with the number of connected devices growing to 15bn, or double the world’s population, by 2015.

ComScore figures for newspaper websites beyond home and work computers revealed Mail Online had 10.9m unique visitors in April, ahead of guardian.co.uk (8.98m) and Mirror Online (4.4m). The figures cover outlets including apps, mobile and tablet browsers, and PCs in shared locations.
 

Owners of ‘social magazine’ app Flipboard, which renders feeds from social networking sites alongside traditional news content in a magazine format, said downloads of its iPad app have passed the 2.5m milestone.

Homes with 3D TV sets will pass the 300m mark in 2015, according to new research.

Analysis by Kantar Media indicated the first episode of BBC One’s new series of Doctor Who was the most recorded programme on UK TV to date, with the Barb overnight viewing figure of 4.11m growing to 8.9m when time-shifted viewing was taken into account.
 

Stock Market Developments

An IPO by LinkedIn has valued the networking website at $4.25bn as demand from investors saw shares priced at $45 – raising $351m. The FT reports that 7.8m LinkedIn shares were sold, with Goldman Sachs making $39m after selling its entire stake, and that the new pricing has increased the value of the business by nearly a third in just a week.

Online coupon seller Groupon began its process of going public by filing for an IPO it  aims to raise at least $750m from the IPO. In 2010 Groupon, which claims to have 83m subscribers in 43 countries, made a $413m loss on revenues of $713m.

Russian internet group Yandex, which controls 65% of its domestic search market, raised $1.3bn in an IPO in New York, almost a fifth more than forecast.

US internet radio company Pandora raised $235m in an IPO which valued the group at $2.6bn.
 

Mobile

Virgin has announced plans to launch a Virgin Mobile-branded mobiles service across Latin America in a tie-up with wireless communications group Tribe Mobile, acting as mobile virtual network operators in markets which currently have few providers.

Facebook’s EMEA head of mobile partnerships Fergal Walker told a London conference that 70% of UK users access the site from mobiles as well as online, with the social network accounting for 50% of mobile internet minutes in this country.

Google unveiled its Google Wallet app for Android devices. The service will be offered in a tie-up with partners including Citi, MasterCard, First Data and telco Sprint Nextel, and will be preconfigured with the Google Offers daily coupon service.  Forrester analyst Charles Govlin said: “(We) expect NFC is going to increasingly become a default feature of every smartphone that is sold over the next couple of years.”

Vodafone, O2 and Everything Everywhere announced plans to establish a mobile payments joint venture which will seek to kick-start the mobile commerce sector by establishing a cross-platform solution for banks, retailers and advertisers.

Vodafone CEO Vittorio Colao said it is his mission to see 70% of the world owning a smartphone as he predicted devices which only offer call and text services will disappear within three to four years.

Virgin Media screened its first live 3D event, in a deal with Eurosport to offer subscribers 3D coverage of the French Open tennis tournament.
 

Nomura analysts said they expect Samsung to overhaul Nokia to become the world’s largest smartphone manufacturer during the current quarter, with Apple pushing the Finnish group into third place during Q3.
 

A US study by IPG Media Lab and YuMe found 94% of TV viewers polled use ‘companion media’ such as smartphones and laptops while watching programmes, saying distraction poses a greater threat to ad engagement than fast-forwarding via DVRs.

EU officials said the Article 29 Working Party, an alliance of domestic regulators, has argued location data should be considered as private, along with other customer information such as names and birth dates.

Apple

Apple’s iCloud digital entertainment service, which is due to go live in the US in September, is unlikely to launch in the UK before Q1 2012 due to rights issues. The free service, which will go live in the autumn, will allow users to store music, photos and documents across all of the group’s devices, while users will be able to pay a supplementary annual fee of $25 to access Apple’s 18m-track music catalogue, with record labels taking a cut of revenues. Jobs said: “We’re going to move the digital hub, the centre of your digital life, into the cloud.”
 

Apple has become a top-five UK PC vendor for the first time, according to Gartner, growing sales 15.9% year-on-year to leapfrog Samsung. The top four sellers remained Hewlett-Packard, Acer, Dell and Toshiba.

An Imano Digital Agency survey found almost 70% of UK iPad owners said they use the tablet to read newspapers and magazines, with 98% using it for web browsing and 94% for email. The study also found the Apple device is regarded as domestic rather than mobile technology, with 95% of respondents using it in their living rooms and 89% in bed.
 

US publisher Bonnier said analysis indicates that about 95% of iPad subscribers to its Popular Science magazine are new customers, with spokesman Gregg Hano saying the device has given them access to a “totally new audience”.
Google

Google unveiled its ‘Music Beta by Google’ service. When fully rolled-out the ‘online music locker service’ will allow users to upload up to 20,000 songs which will be stored and accessible via an online library and not on their hard drive. The service will be free for a limited time to US applicants.

Google said its AdMob network doubled the number of video ads it placed on partner sites over the past year.

YouTube said global video views are up 50% in the last six months, at more than 3bn per day, attributing the spike to its decision to secure long-form content from broadcasters including Channel 4 and Channel 5.

Facebook

Privacy regulators in a number of European countries are probing Facebook after it rolled out facial recognition software to the site without first seeking user permission.
 

Facebook accounts for almost a third of all online display advertising in the US.
 

Facebook founder and CEO Mark Zuckerberg said the educational benefits of using the social network were so great that young children should be able to join, adding it would challenge the current 13-and-over age limit “at some point”. The limit is enforced by US law, while in the UK it forms part of Facebook’s terms and conditions.

Facebook is recruiting a cadre of ‘ambassadors’ to represent the group’s interests outside the US, focusing on countries where attitudes and regulations covering privacy and personal communications contrast to its home market.
 

The number of people using Facebook in the US and UK reportedly fell in May for the second month running, a move the Guardian said could suggest the social networking site has ‘hit the limits of expansion in the countries where it was first successful’. User numbers in Canada, Norway and Russia were also down, according to figures from monitoring site Inside Facebook. But globally the site is still climbing towards 700m users. In the US Inside Facebook said the site lost 6m users, to 149.4m by the end of the month. In the UK, more than 100,000 Facebook users were lost. Inside Facebook’s Eric Eldon said the key to further expansion lay in China.

Facebook moved quickly to dismiss Inside Facebook’s findings, throwing doubt on the monitoring site’s metrics tool. “From time to time, we see stories about Facebook losing users in some regions… Some of these reports use data extracted from our advertising tool, which provides broad estimates on the reach of Facebook ads and isn’t designed to be a source for tracking the overall growth of Facebook. We are very pleased with our growth and with the way people are engaged with Facebook. More than 50% of our active users log on to Facebook in any given day.”
 

Attorney General Dominic Grieve has begun contempt proceedings against a juror who allegedly contacted a defendant on Facebook, prompting the collapse of a multimillion-pound drugs trial. Criminal Bar Association chairman Christopher Kinch QC said: “The situation is a potential timebomb for the jury system. Left unchecked, we could move towards trial by X-factor-type online polling; or jurors might find themselves put under pressure by correspondents online.”
 

Twitter

Groups including the Telegraph, CNN and MTV have partnered with Twitter to add a ‘follow’ button to their websites, allowing users to monitor accounts on the micro-blogging site without having to return to Twitter’s home page.
 

Twitter has acquired UK third-party software provider TweetDeck in a deal believed to be worth about $40m.

Gaming

Nintendo president Satoru Iwata told the FT he believes the group’s Wii U console, which it showed off at last week’s E3 trade show, can “fundamentally change the structure of entertainment” by blurring the distinction between TV and gaming.
 

Entertainment Software Association research showed that the average age of UK video game players is 37, with the average game buyer aged 41.
 

UK child-facing social network Moshi Monsters announced it has passed the 50m user milestone three years after launch.

Piracy

WPP-owned agency GroupM has ‘blacklisted’ more than 2,000 US websites to prevent its clients’ advertisements appearing on those carrying pirated content.  GroupM’s US arm spends $3.5bn annually buying up ad space on sites on behalf of clients such as AT&T, IBM, Ford and Unilever.
 

Google’s Eric Schmidt has spoken out against anti-online piracy laws, warning that government legislation to block access to illegal filesharing sites would set a “disastrous precedent” for free speech.
 

Culture minister Jeremy Hunt used the same platform to say government plans to ban access to illicit filesharing websites remained on schedule. But he did concede that deciding which specific sites would be blocked remained a “challenge”.
 

Other stuff

AOL is moving into what Reuters called a ‘crowded space’ with its launch of AOL Industry, a division designed for business professionals.

Microsoft acquired Skype for $8.5bn cash from the consortium of investors who bought the VoIP provider from eBay in 2007.

BBC Global iPlayer is to begin its international roll-out, launching as an iPad app in a number of western European territories charging users about £6 per month for an “editorially curated” service.

Top Internet, Technology and Social Media Stories, Facts and Links: mid-Jan 2011 to mid-Feb 2011

In Monthly round up: Top Internet, Technology and Social Media Stories, Facts and Links on March 9, 2011 at 5:17 pm

Material I bookmarked in the last month and that I thought worth sharing.

 

Apps

Apple’s App Store hits 10 billion downloads

Android Market growth rate outstrips Apple App Store

App Tells Your Friends What You’re Watching – iPhone app analyzes sound to determine what’s on your TV.

Websites and apps for bargain hunters

The Apps Are Here: World Bank Apps for Development Challenge Now Open For Voting The World Bank is giving its data away for free using a contest challenging developers to build apps on top of the data. Apps have come from 30 different countries and more were built in Africa than in Europe.

Creator of Instant Messaging Protocol to Launch App Platform for Your Life – The Locker Project, an open source service will capture  data from users’ activities around the web and offline via sensors, put it firmly in their own possession and then allow them to run local apps that are built to leverage their data.

Mobile App Market: $25 Billion by 2015 – according to a new report from World Mobile Applications Market. The mobile app market was $6.8 billion this year, the report says, but will grow steadily over the next four years to reach $25 billion. Out of that $25 billion, Apple’s App Store will account for 20.5% of total revenues.

 

News and Journalism

Hands On with The Daily – report on the launch of Rupert Murdoch’s new iPad-only newspaper ‘The Daily’.

The Guardian Launches Its New Subscription-Based iPhone App

The Newsonomics of 2011 news metrics to watch » Nieman Journalism Lab »

Washington Post to Launch Free Personalized News Site  – The Washington Post Co. is to launch a free news-aggregation website, called Trove. It lets readers build their own news site based on topics they choose. By sifting through more than 10,000 news sources,  delivering articles to a personalised page using algorithms that take into account articles a person has read and personal interests. Trove apps for devices like the iPhone, iPad, Android and BlackBerry are also in the pipeline.

Paper.li Raises $2.1 Million To Open Operations In The U.S. And Asia

 

America

FCC To Reshape Phone Subsidy Program to Help Boost Rural Broadband – Plan to convert the $8 billion fund that subsidizes rural telephone services into one that will help pay for broadband in underserved areas. The plan will involve reshaping the Universal Service Fund, a decade-old subsidy which is paid for by fees added onto most consumers’ phone bills. That money is then distributed among phone companies to help subsidize the costs of providing services to rural areas.

Vocus Releases Annual Study: State of the Media in 2011 – report sees the US media industry stabilizing; layoffs and closures slow, digital and mobile see growth, Patch.com sites pressure competitive local news

 

Developing World/Middle East

U.S. Military Can Restore a Country’s Internet – Whether It Likes It or Not – The U.S. military, it turns out, can force a country that has disconnected itself from the Internet back online.

Vodafone Forced to Send Pro-Government Text Messages in Egypt – Vodafone says it was forced to send pro-government messages to its subscribers in Egypt during the country’s recent protests.

Middle East unrest according to Glenn Beck and friends … – Guardian curated round up – with video clips – from US rightwing commentators on recent upheaval in the Middle East.

 

Advertising

Super Bowl 2011: Christina Aguilera and Groupon fluff their … “The history books will say that the Pittsburgh Steelers lost 2011’s Super Bowl XLV – but on the night the biggest losers were the pop star Christina Aguilera and the cut-price internet site Groupon.”

Why Groupon’s Super Bowl Ad Was So Offensive

Group-buying – does it deliver? | Money | The Guardian

Foursquare Launches Business Pages

 

Mobile

Smartphones Outsell PCs – According to IDC, smartphone manufacturers shipped 100.9 million devices in the fourth quarter of 2010, while PC manufacturers shipped 92.1 million units worldwide. Or, more simply put, smartphones just outsold PCs for the first time ever.

 

Social Networking

Social Media Marketing By The Numbers [Infographic]

Everything (almost) that you need to know about social networks -Infographic crib sheet with facts about Facebook and Twitter as well as social networking around the world.

Social Network Ad Outlook Is Modest And Unclear – Deloitte predicts that in 2011 social networks are likely to surpass the milestone of one billion unique members. They may deliver over 2 trillion advertisements.

A Question for Quora – Technology Review – “Quality of content and community is diametrically opposed to mass market success,” says Burbidge. “Having worked on Answers, I can tell that the level of quality is going to drop from the very high level it is at now as more people sign up.”

Social networking under fresh attack …

Facebook ‘friends’ did not act on suicide note …

 

Social Media Tools

Training Handouts « Claire Wardle, PhD – Six terrific ‘slideshows’: Google Advanced Search, Delicious, Aggregators and RSS, Facebook, Twitter and Image & Audio tools: Flickr, Picfog and Audioboo

YouTube – First Follower: Leadership Lessons from Dancing Guy – fun video with a social media message

5 Ways to publish your social media messages – 10,000 Words

 

Twitter

Who are the top UK journalists on twitter?

100 Most Influential UK Journalists on Twitter

Twitter’s Advertising Revenue May Triple to $150 Million

 

LinkedIn

LinkedIn plans to float this year | Technology | guardian.co.ukLinkedIn plans to float this year – Private shares in the company changed hands at an implied valuation of $2.5bn (£1.6bn).

LinkedIn Said to Be Worth Almost $3 Billion in Secondary Sale …

5 things you didn’t know you could do with LinkedIn – 10,000 …

 

AOL

LEAKED: AOL’s Master Plan – Leaked slides and editorial summary of AOL’s vision for the next couple of years.

Huffington Post to be sold to AOL for $315m

Huffington Post sale: who gets the $315m?

 

Everything Else

Microsoft Ships 8 Million Kinect Devices, to Add Hulu

Google, Microsoft Added Internet-Search Market Share in December

10 per cent of users take 90 per cent of mobile data …

The State of the Blogosphere 2010 ” – Brian Solis

Chancellor crowdsources for budget ideas – No 11’s ‘online portal’ where the public can submit ideas for the March 23 budget.

Can We Crowdfund Our Lives? – “What do a chipped tooth, a world record and the relocation of a popular café in downtown Oakland all have in common? Each needed money to achieve a goal and, rather than going the usual routes of taking out loans or operating on credit, each found funding through crowd funding.”

7 Innovative online maps – 10,000 Words

MC Hammer Is Just Another Tech Geek – the 90’s rap icon MC Hammer made a fortune, lost it, and is now an investor in 8 different tech companies.

links for 2011-02-08

In Daily Links on February 9, 2011 at 1:02 am
  • The Patch Effect: Will AOL's hyperlocal experiment across the new media news ecosystem yield peril or profit? An assessment from the ground up offers a deeper look
  • Thirteen year-end news photo galleries of 2010.
  • The World Bank works with a network of specialists all over the world to gather and curate a large body of economic development data each year. The organization has made a few million dollars from subscription sales of its datasets to universities and other institutional subscribers – but last year the Bank decided it would rather give the data away for free and see what would happen.

    In order to make the most of this new opportunity, the Bank decided to work with Challenge Post, a software developer contest adminstration service, to create a contest called Apps for Development, challenging developers around the world to build apps on top of the data. The apps are in, it's time to vote and the things people have built are quite remarkable. The apps have come from 30 different countries and more were built in Africa than in Europe.

  • The launch event for Rupert Murdoch's new iPad-only newspaper The Daily was full of rhetoric about the future of journalism, heralding the app as a "this changes everything" sort of moment.

    But having had a chance to download and read today's inaugural issue, it doesn't seem that the user experience matches the rhetoric. That may not be a surprise as plenty of people have long predicted The Daily would be a flop. But it still feels like a shame, considering the resources (some $30 million from Murdoch himself) that have been poured into the endeavor and considering the promise for a reinvented and reinvigorated journalism.

    That's just my opinion, of course, as are these first impressions of the new app

  • Telecommunications company Vodafone says that it has been forced to send pro-government messages to its subscribers in Egypt during the country's recent protests.
    (tags: mobile)
  • The 90's rap icon MC Hammer made a fortune, lost it, and is now an investor in 8 different tech companies.
  • The United States, like most governments, has developed teams and tools to wage Web warfare. But not all the tools are what we would normally think of as offensive weapons. The U.S. military, it turns out, can force a country that has disconnected itself from the Internet back online.
    (tags: internet)
  • According to IDC, smartphone manufacturers shipped 100.9 million devices in the fourth quarter of 2010, while PC manufacturers shipped 92.1 million units worldwide. Or, more simply put, smartphones just outsold PCs for the first time ever.
    (tags: mobile trends)

links for 2011-02-07

In Daily Links on February 8, 2011 at 1:01 am
  • Leaked slides and editorial summary of AOL's vision for the next couple of years.
    (tags: aol journalism)
  • After co-founding a social enterprise that created employment for homeless people a decade ago, Paul Harrod hopes the experience will help him lay better foundations for his latest venture
  • Elisabeth Hoodless, outgoing executive director of Community Service Volunteers, says cuts in funding are removing opportunities for people to help deliver services
    (tags: bigsociety csv)
  • Arianna Huffington's decision to sell to AOL means that some shareholders must be sitting on very large returns as the company has received just $37m in funding
  • The history books will say that the Pittsburgh Steelers lost 2011's Super Bowl XLV – but on the night the biggest losers were the pop star Christina Aguilera and the cut-price internet site Groupon.

    As with Janet Jackson's famous halftime show "wardrobe malfunction," both Aguilera and Groupon blew a big chance in front of a US viewing audience of 100 million. But while Aguilera's mangling of the US national anthem was presumably unintentional, Groupon's attempt to use the plight of the people of Tibet as a marketing tool was all too deliberate.

  • The Federal Communications Commission will announce plans to begin converting the $8 billion fund that subsidizes rural telephone services into one that will help pay for broadband in underserved areas. According to The New York Times, FCC chairman Julius Genachowski is set to outline the proposal in a speech today.

    The plan will involve reshaping the Universal Service Fund, a decade-old subsidy which is paid for by fees added onto most consumers' phone bills. That money is then disitributed among phone companies to help subsidize the costs of providing services to rural areas.

  • One of the world's most revered cultures and religious histories has been threatened with death and extinction in Tibet for decades at the hands of the authoritarian Chinese government; Groupon's Super Bowl advertisement about Tibet (below) was based on a joke drastically reducing the seriousness of that suffering. Not all hope is lost, the ad says, because at least there are still refugees that will cook discounted food for White people! Many people on Twitter reacted very negatively to the ad. This is my best explanation why it was offensive. Not everyone agrees – we've got a debate going in comments below which we invite you to participate in
    (tags: groupon)

Top Internet, Technology and Social Media Stories, Facts and Links: mid-November to mid-December 2010

In Monthly round up: Top Internet, Technology and Social Media Stories, Facts and Links on December 31, 2010 at 11:15 am

Stuff I bookmarked in the last month, and wanted to share lest it be useful. Comments, feedback and suggestions welcome. Like the Murphy’s, I’m not bitter.

 

General

The 101 most useful websites of the year 2010. –  a list which primarily highlights the lesser-known or undiscovered websites, so doesn’t include IMDB, Wikipedia or others you probably already know.

10 Predictions for the News Media in 2011 – the focus on mobile will continue, whilst the shift from searchable news to social and share-able news, as social media referrals close the gap on search traffic for more news organizations, will continue.

The 10 Hottest Private Companies in Tech

Internet Hijackings Prove Hard to Stop – “For 18 minutes in April, one-seventh of the Internet was routed through China— a major problem with no ready solution.”

The French government is to introduce a 1% tax on online ads from the beginning of next year.

Home Internet with Anonymity Built InA router that runs the Tor software prevents Web tracking.

Research from the US indicated the proportion of TV ads which are fast-forwarded is likely to plateau at 13% as the rate of DVR penetration slows. Meanwhile, fast-forwarded commercials still make a brand impact, as DVR users pay close attention to the screen to spot the end of ad breaks. 

Virgin Media’s new TiVo set-top box remote features ‘thumbs up/thumbs down’ ratings buttons, allowing the device to build up a picture of viewer preferences and automatically record content. 

 

Social Networking

17 Things You Didn’t Know About Twitter

http://yearinreview.Twitter.com/trends/  – great list of Twitter trends from 2010

Sources claim Twitter has raised $200m in a funding round that valued the micro-blogging site at $3.7bn, up sharply from the estimated $1bn last year.

Lord Chief Justice Lord Judge has ruled there is no statutory ban on the use of Twitter in courtrooms, but stressed courts “must be satisfied that its use does not pose a danger of interference to the proper administration of justice in the individual case”.

Twitter revealed it signed up 100m new users to the microblogging platform over the past year, doubling its user base.

YouTube users watched more than 700bn videos in 2010, up 50% on a year ago, with 13m hours of content uploaded to the site.

Facebook Soars To $59.4 Billion Valuation

2010 Memology: Top Status Trends of the Year

Facebook founder Mark Zuckerberg was  named person of the year by Time magazine in the US.

South Korean regulators have given Facebook 30 days to submit details of plans to improve its privacy settings after officials said current arrangements are “inadequate”.

 

Convergence

Searching for the Future of Television  – “ Google and the geeks from Silicon Valley aim to revolutionize the 70-year-old TV industry. Conquering the Internet was easy in comparison.”

iPlayer stats for Nov continue to amaze – up 32% over year – 13% watch live – http://bbc.in/gr55U6

The BBC’s iPlayer catch-up service received more than 1.3bn programme requests during 2010,  with Doctor Who attracting the biggest VoD audience. The service also reported a record high of 141m programme streams during November.

STV and 4oD have added their catch-up service to Sony’s PlayStation 3, in the past month.

Apple said it expects sales of its Apple TV platform in the US to pass the 1m mark this week. iTunes users are currently buying or renting more than 400,000 TV shows per day.

The Sun published an iPad-only edition on Christmas Day, with editor Dominic Mohan saying: “Throughout the Sun’s 41-year history we have always respected the agreement amongst newspaper publishers in not publishing a Christmas Day edition of the Sun. However, this year we have seen dramatic innovations in the way that we deliver news to our readers and couldn’t resist the opportunity to break with tradition and produce this dazzling digital edition of the paper – direct to readers’ sofas on Christmas Day.”
 

 

Mobile

Microsoft said more than 1.5m mobiles running Windows Phone 7 have been sold in the six weeks since the operating system’s launch.

Users of Google Android handsets consume more data services than other smartphone subscribers.

 

 
Music

Sony has launched its cloud-based Music Unlimited streaming service in the UK and Ireland, offering access to 6m songs through the company’s internet-linked TVs, Blu-ray players, PS3 consoles and Vaio computers for either £3.99 or £9.99 per month.

A Spotify spokesman told the Telegraph that it “can’t commit to a specific date” for its launch in the US.

BSkyB’s music-streaming service Sky Songs is to close down after little more than a year, with the company admitting it had failed to establish a “large enough customer base”.

Industry body the BPI said three out of every four music tracks downloaded in the UK this year was done illegally, equating to 1.2bn tracks. The BPI estimated the total cost to the industry was £984m in lost retail sales.

Last.fm has dramatically narrowed its pre-tax loss, announcing a £2.8m loss for last year, compared to a £17m loss the previous year. Revenues climbed 74% year-on-year to £7.3m, although net liabilities climbed from £19m to £22.2m. £5.4m was earned in advertising and £1.3m from subscriptions. It makes 55% of its revenue from the UK, and 33% from the US.

 

Companies

Yahoo! CEO Carol Bartz has said the group’s “greatest competitor probably is Facebook, more so than Google”, arguing social features are becoming more important to web users than search.

A Yahoo! spokeswoman said the group is “cutting our investment in underperforming or off-strategy products to put better focus on our core strengths and fund new innovation”, confirming the AltaVista search site has been earmarked for closure.
  
 
Meanwhile, in a blog posting, social bookmarking site Delicious confirmed rumours that it is seeking a new owner, but denied claims that Yahoo!, which acquired it in 2005, plans to close it down.

Japanese regulators have given the green light to Yahoo! Japan’s search tie-up with Google, despite complaints by Microsoft and domestic online retailer Rakuten that the deal would be uncompetitive.

AOL has acquired US start-up About.me, which allows users to create an online profile linking their various social networking sites, for an undisclosed amount.
  
 
 
Emerging Markets 

Youku founder Victor Koo told the Telegraph that the Chinese online video site, which is valued at close to $5bn following its US IPO last week, has been able to achieve rapid growth by exploiting the country’s “hugely fragmented market”. He added: “In the US, search engines are king. That is because everyone already knows what they are looking for. Brands have been around for a long time. But in China that is not the case. This is the first generation of people buying cars and fridges. Video is much more important. You cannot transmit the branding through text banners and pictures. On our site, we show one minute of advertising per hour, compared with the 12 minutes shown on Chinese TV. Imagine how we can scale that up.”