Twitter’s Pitch Deck for Big Advertisers (Slides)
Twitter’s ad business is looking less like an experiment and more like a real business, one that could generate $1 billion a year in the not-too-distant future.
If Twitter ads really take off, it will be because CEO Dick Costolo will have figured out how to sell lots of little ads to small marketers, in the same way Google did more than a decade ago. In the meantime, the company seems to be succeeding with the other end of the spectrum: Big marketers interested in experimenting with a brand-new format.
A Fight in Silicon Valley: Founders Push for Control
There’s a power struggle underway in Silicon Valley. At stake: Power itself.
Over the past two years, one of the most influential venture-capital firms has turned the usual rules of start-up investing on its head. Andreessen Horowitz is telling entrepreneurs it prefers situations where the founders have controlling stakes, reckoning that they’ll be better able to resist outside distraction and focus on making great products.
Amazon to Launch 4- to 5-Inch Smartphone As Early as This Year
In addition to rumors about updated Kindle Fire tablets that will arrive this Fall, rumors of an Amazon-branded smartphone are also heating up. It is reported that Amazon is working with components suppliers in Asia to enter the smartphone market and the Internet retailer could launch its own branded smartphone as early as this year.
Facebook connects users to free antivirus software
Facebook is now directing users who think their computer might be infected to sites where they can get free antivirus software.
The Malware Checkpoint for Facebook sends people either to sign up for Microsoft Security Essentials or McAfee Scan and Repair. Mac users are referred to an Apple Security Updates site.
Judge Rejects Key Universal Music Argument In Legal Fight With Grooveshark
Two and a half years ago, Universal Music (UMG) sued Grooveshark (or, really, its parent company Escape Media). The case has had a few twists and turns since then, but the judge has issued a ruling (embedded below) that is pretty clear in suggesting that Universal Music’s key argument — the the DMCA does not apply to pre-1972 songs — was a massive overreach, and the court will not accept it. Separately, the court flat-out rejected UMG’s attempts to have Grooveshark’s counterclaims of tortious interference dismissed. There’s no way to look at this other than a pretty big win for Grooveshark and a big loss for Universal, though the case is far from over.
Facebook’s Grip On The Web: 22 Percent Of Pages Link There, 8 Percent Use Open Graph [STUDY]
More than one-fifth of the web links to Facebook in some way, and almost eight percent use Facebook’s Open Graph tags — two numbers that offer a glimpse of Facebook’s deep grip on the web.
Starbucks launches mobile payments on Android in Canada and UK
Starbucks today announced a redesigned Android app that will enable users in Canada and the UK to pay for drinks straight from their phones by showing cashiers an onscreen barcode. The feature has thus far only existed in the US for Android users, while iPhone users have been able to make wireless purchases in Canada and the UK since January. Back in April, Starbucks claimed 42 million transactions from mobile devices in its US stores. Today, Starbucks Chief Digital Officer Adam Brotman said, that number is closer to 55 million.
Announcing Amazon GameCircle – A New Gaming Experience for Kindle Fire
GameCircle will make achievements, leaderboards and sync APIs accessible, simple and quick for you to integrate, and will give gamers a more seamless and entertaining in-game experience. To sign up for access, go tohttp://amazon.com/gamecircle-signup.
Microsoft and Google agree to stay three U.S. patent lawsuits until FRAND issues are resolved
Microsoft and Google subsidiary Motorola Mobility have reached an agreement on a procedural course of action: as far as their three lawsuits pending in the Western District of Washington are concerned, they are now going to focus on their dispute over the latter’s FRAND licensing obligations. Until that part of the dispute has been resolved, the district court and the parties are not going to do any more work on their mutual patent infringement claims pending in Seattle, with only one small exception (a claim construction hearing next week).
Twitter CEO says company has ‘a truckload of money’
Twitter Inc. Chief Executive Dick Costolo said the short message social network has a “truckload of money in the bank” and would remain a private company for as long as it wants.
In an interview with Los Angeles Times staff members on Tuesday, Costolo reiterated that the company has no reason to go public. The market for initial public offerings, especially in the wake of Facebook Inc.’s fiasco, has been weak.