Blog

EU funds German search engine scheme

The European Union (EU) has approved funding worth €120m (£80m) for a German search engine project to be developed by firms including Bertelsmann, Siemens and Deutsche Thomson.

The Theseus project aims to develop the world's most advanced multimedia search engine, creating a set of tools for indexing images, sound and text.

1 comment

Facebook makes first acquisition

Social networking site Facebook has made the first acquisition in its three year history – a small start-up called Parakey whose software is still in development.

The purchase looks set to boost its recently launched open source strategy – Parakey is run by Blake Ross and Joe Hewitt, two techies best known for helping to create the Firefox web browser.

1 comment

M-commerce sites 'failing to satisfy users'

Mobile customers are "profoundly dissatisfied" by m-commerce sites that don't allow them to make purchases, according to a new survey.

The report, by Strategy Analytics, found mobile users didn't like being limited to research and pre-purchase evaluation and considered m-commerce sites to be vastly inferior to their fixed internet counterparts.

0 comments

Photoways Group raises €10m in funding

European photo sharing and printing website Photobox has raised €10m (£6.7m) in financing led by HarbourVest Partners.

Index Ventures and Highland Capital Partners also participated in the funding round, which the company will use to launch new sites and products, as well as expanding its current capacity.

0 comments

Neteller cuts deal with US authorities

Online payment processor Neteller has struck a deal with US authorities that will see the firm forfeit $136m (£66m) to avoid a prosecution related to its handling of online gambling proceeds.

The two founders of Neteller, Stephen Lawrence and John Lefebvre, were charged with conspiracy back in January as it was being used by US citizens to place bets through foreign-based internet gambling sites.

0 comments

TechCrunch buys beta invite site

Internet news blog TechCrunch has announced it has bought InviteShare; an app that makes it possible for users to share invitations to private betas.

The idea behind the service, which only launched last month, is very simple - users register for the beta invites they want and share spare ones with others.

0 comments

Nickelodeon to invest in kids' online games

Children's TV network Nickelodeon is to increase its investment in online games for kids - what is fast becoming a valuable market online.

The firm says it will invest $100m (£49m) over the next two years in improving and adding to its current online offering, including new subscription services, multiplayer games and virtual worlds.

2 comments

Profits up by 50% for eBay

eBay has announced its second quarter results today, with net profits rising by 50%. Revenue for the auction site was up 26%, though the number of new listings fell by 6%.

The company's net income for Q2 rose to $376m (£185m) while eBay said that profits for the whole of 2007 are set to reach $7.45bn (£3.75bn).

0 comments

Google expands print ad network

Google has continued its assault on traditional ad distribution by opening up its Print Ads service in the US.

The move, following trials of the system with a limited number of advertisers and publishers, will see Google brokering space in more than 225 newspapers.

0 comments

Tips on blog directory submissions

Submitting your site to a range of blog and RSS subscription directories can be a great way to increase visibility, but there are some mistakes to avoid.

Jeff Behrendt at Search Engine Journal has written a very useful post that lists some of the common mistakes blogs make when submitting links to directories.

1 comment

Advertisers can 'buy' blog buzz, claims Nielsen

The level of 'buzz' around a product on the blogosphere is directly related to the amount of advertising that accompanies its launch, according to a study by Nielsen Buzzmetrics and BASES.

The study (pdf) looked at 80 products in various categories that were launched in the US between 2005 and 2006. It found that the 10% with the most buzz had average marketing budgets of around $20m.

0 comments

Yahoo! revenue increases but profit falls

Yahoo! posted its second quarter financial results yesterday, reporting a decline in income from display advertising and lowering its guidance for the rest of the year.

The firm's profits dropped by 11% to $161m (£80.5m) in the three months, but revenues rose by 11% to $1.24bn (£605m).

0 comments