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YouTube helped make the ukulele a star
British royal wedding live streamed 72 million times: YouTube
Skype Rumored To Be In Talks With Facebook And Google
Now, a fresh Reuters report suggests that Google and Facebook are separately looking into a deal with Skype. In fact, Facebook CEO Mark Zuckerberg has reportedly "been involved in internal discussions about buying Skype." The one major feature that Facebook currently lacks is a real, trusted video chat app, and that's the kind of thing that Skype could deliver.
Why would Google want a joint venture with Skype? Lots of reasons. Mostly, Android. Android doesn't really have a killer app to rival FaceTime, and while Skype works within Android, it's still a third-party solution.
At this point, everything is still speculative, and it's all still very much up in the air. The truth is that Skype has a lot of options here, and teaming with Facebook or Google both sound like impressive opportunities. And based on the flack that the newest version of their desktop client has received, we'd say a little helping hand may not be too bad for 'em.
Indians making buying decisions on Facebook reviews, social media open to marketers of all brands
"My buying decisions were totally dependent on either salespeople or friends who would give feedback based on their experience. But now I go by online reviews, as I assume that a majority of such consumers can't go wrong," says Kalap.
Kalap is not just one of the estimated 30 million Indians hooked onto social media; he is also among those Indians who are spending more time on social media than on checking personal email, according to a study conducted by market research firm.
The Nielsen Company in collaboration with research and analytics company AbsolutData . While just 8% spend between an hour and three hours on personal email, 20% spend the same time on social media sites, reveals the study. The online survey covered 2,000 people from all walks of life spread across top five metros and tier 1 cities in India.
Interestingly, if more people are spending time on social networking websites than on email, it's because they are using social media itself to send messages rather than logging into their email inboxes. Some 82% of those surveyed use social media to send messages. For marketers, the behaviour of the likes of Kalap is noteworthy. For, he is not the only one relying on social networks for product information. Some 40 million, or 67% of Indians on the web, rely on online reviews to make purchases.
The survey also points out that company and product information is what most consumers expect online. "This is a platform where people can decide against or for a particular brand. When we see consumers talking negatively about our brand, we make sure to nullify that by reaching out to them through a dedicated team," says LK Gupta, chief marketing officer, LG India.
LG India has set up an 'Online Reputation Management' team to deal with such issues. This initiative was flagged off after the country's largest consumer durables firm noted that 40-50% of consumers use the internet first to search and learn about the product before actually going to stores or discussing with anyone.
"This indicates that no single brand 'owns' the social media space and that the opportunity to become a 'social' brand is overwhelming," says Adrian Terron, vice-president, The Nielsen Company. "Having a social media presence connotes 'innovation', 'customer friendliness' and a sense of 'cool'. Brands should only ignore this aspect at their own peril."
While social networks are a great source of information on brands, they also provide a great platform for consumers to tell marketers what exactly they feel about these brands. To that extent, social media's relevance extends beyond influencing buying decisions. Consider, for instance, Perfetti Van Mell , makers of Happydent, Chlormint and Alpenliebe. As Mohit Bhalla, media consultant for the company, explains, there's little social media can do to make consumers buy Perfetti's confectionery and gum as this is an impulse segment.
Still, the social web has moved beyond supplementing communication. "Online Indians today are using social media to facilitate activities that range from leisure and entertainment to job searches and researching prospective partners," says Suhale Kapoor, executive vice-president, AbsolutData.
Why Facebook Skype Is Not a Bad Idea
As Facebook evolves into a communications business, combining with Skype makes great sense. But why would Skype sell out?
Did you hear that both Google and Facebook are looking either to partner with Skype or simply to buy it? Funny, because back in the days when Skype was in play (before it was acquired by EBay), Google had a chance to buy it, but Larry Page and Sergey Brin nixed the idea.
FROM NETWORK TO COMMUNICATIONS
IS SKYPE CRAZY TO SELL OUT?
Facebook CEO buys a $7 million house
The turn-of-the-century residence, set well back from the street behind walls and privacy hedges, was originally built in 1903 and remodeled and expanded over the years. The previous owners–who reportedly still occupy the home as of yesterday–gave the property a complete and expensive overhaul a few years ago that included the addition of an entertainment pavilion with outdoor fireplace and built-in barbecue and a lap-lane salt water swimming pool and spa.A wide rocking chair porch leads to and impress-the-guests entrance hall and reception area, a formal living with fireplace, banquet hall sized dining room, wood-paneled family room with built-in cabinetry and a large center-island kitchen that opens into a glassed-in sun porch. The master bedroom includes a bathroom with twin Carrera marble topped vanities, separate soaking tub and shower and heated floors for tootsie warming on those chilly and damp NorCal mornings.
Facebook of China' walks a fine line
This week, investors complied: Renren raised $US743.4 million ($696 million) in an initial public offering and its shares jumped 29 per cent on their first day of trading on the New York Stock Exchange.
But Renren's operations, which include social networking, gaming and online commerce, walk a thin line of compliance with strict Chinese regulations around freedom of information - and if they cross the line, the consequences could be very severe.
"People at any social network in China that is going to be successful are going to be very sensitive to playing the game by the rules." said Dixon Doll, co-founder and general partner of venture capital firm DCM, which is an investor in Renren.
"You're going to have to pay attention to the will of the Chinese government because they are going to... keep a very close look on the kinds of activities that go on."
China's rules for sharing information online have become stricter since authoritarian regimes across North Africa and the Middle East have been toppled or challenged by protesters.
The Communist Party leadership is determined to stamp out even the hint of such protests immediately. It learned a harsh lesson in 1989 when mass demonstrations threatened its control and triggered a bloody military crackdown in Tiananmen Square.
"They may regard (Renren) as a friendly enterprise, but if an enterprise turns unfriendly, I think they would cut the cord," said Donald Straszheim, senior managing director of China Research at International Strategy & Investment Group.
China has already blocked social networking sites Twitter, Flickr, Facebook and YouTube, while Google Inc essentially pulled out of China in 2010 after run-ins with the government over censorship and hacking.
The government routinely shuts sites down or more commonly blocks content it sees as a security risk - and recently, Chinese President Hu Jintao called for yet more oversight and "mechanisms to guide online public opinion."
But Beijing is also seeing social media as a valuable gauge of public sentiment and a way to show the Chinese it is sensitive to what they want, said Michal Meidan, a China analyst at political risk consultancy Eurasia Group.
In this peculiar environment, China-bred Internet ventures have adapted, learning to skillfully navigate the system.
In the case of a company like Renren that means blocking whatever you are told to block by the authorities and also by self censoring, which means reading the political winds so that you block other material you fear could be controversial.
"It's a constant game of cat and mouse," Meidan said.
Renren itself acknowledges the tenuousness of its position in the risk factors section of its IPO prospectus. While these disclosures are notorious for listing the most extreme risks, in this case they may well be worth a closer reading.
The company says it is prohibited from allowing content that, among other things, "impairs the national dignity of China," is "superstitious" or "socially destabilising."
If Renren fails to comply, which would be determined by the authorities, the company says its business could be shut down.
In the cases of more serious, or "material" violations, the penalties could include "a revocation of our operating licenses or a suspension or shutdown of our online operations, which would materially and adversely affect our business, results of operations and reputation," Renren said.
The social networking company said it is liable for all material posted on its websites, from advertisements - some of which must be vetted by government officials before being posted - to individual communications between users.
With that much responsibility, Renren said it may not always know what content could cause problems and may only find out about the violation after it has already happened.
Renren's structure also presents problems.
For example, the fact that Renren is incorporated in the Cayman Islands puts it in danger of being subject to new limitations if foreign investment rules or their interpretation change. Renren's online gaming operations, which provided 45 per cent of the company's 2010 revenue, also could be affected by Beijing's efforts to curb gaming addiction in minors.
All told, Renren used variations of the word "uncertain" nearly 70 times in its prospectus, and the word, "regulation", nearly 300 times. By way of comparison, US Internet phone services provider, Skype, used "uncertain" about 60 times in its prospectus, but only used "regulation" about 170 times.
Reading tea leaves
Many risks lie in the uncertain and changing nature of China's Internet laws, which Renren said are enforced and interpreted in an "evolving" way, often are not published on a timely basis - or at all - and may be applied retroactively.
The Chinese government has been wary of online content that stirs up the population for some time.
In 2007, Chinese government officials struggled with what to do with China Central Television anchor Rui Chenggang's blog call for the Forbidden City Palace Museum to evict Starbucks. It drew half a million signatures to an online petition and dozens of domestic newspaper articles, according to a February 2007 diplomatic cable sent from the U.S. embassy in Beijing.
The post was patriotic, but also showed just how a massive protest movement might emerge in the world's biggest Internet market, according to the cable, which was obtained by Wikileaks and provided to Reuters by a third party.
"Blog content that spurs extremist passions is precisely the kind of material the Government would like to control," according to an executive at a Chinese Internet company, cited in the cable.
"The paramount concern (is) that a mass movement might emerge, born on blogs or through another electronic medium, to reduce the Government's maneuvering room on a sensitive issue, or challenge Party authority," according to that person.
Since that time, though, Beijing has radically stepped up its online information control.
It put a ban on postings containing the word "Egypt" as protesters in Egypt demanded and finally succeeded in bringing down the Mubarak government.
The level of paranoia increased even more when an overseas Chinese-language website, Boxun, made an online call for gatherings at various places around the country. Police were sent out and detained and beat foreign journalists who went to see if there were protests in downtown Beijing and Shanghai.
After then US ambassador Jon Huntsman was seen in a crowd at one of the pro-democracy gatherings in Beijing, censors also cracked down on microblog searches for his Chinese name. They have also blocked searches for "jasmine," "jasmine revolution" and "Hillary Clinton" on popular websites.
Fear of losing control
So far, China's rapid economic growth has outpaced its political problems, bringing many people from poverty into the middle classes. It has also ironically allowed China's security apparatus to get all the funds it needs for surveillance.
Despite concerns about inflation and corruption - which both helped to trigger the Tiananmen protests - few think China's rulers are in any danger of being threatened like the leaders in North Africa and the Middle East.
But there have been protests and strikes, and the authorities fear that if the nation's economic growth were to slow significantly, unrest could bubble up. As social media-powered protests elsewhere have proven, websites like Renren could find themselves in the middle of a perfect storm.
"I don't think there's a threat in China of anything comparable to the Middle East," but the fear of mass-mobilisation is enough to create a sense of urgency around social media, said China political risk analyst Meidan.
"Ahead of the political leadership transition in 2012, it's going to remain very, very volatile," she said, referring to the expected power handover from President Hu.
Renren's self censorship should be enough to protect it under normal circumstances but if the Chinese leadership felt really threatened the story might be very different.
One of Renren's biggest appeals for US investors is its access to the biggest Internet user base in the world in a country that has put up walls to major global competitors.
But, that's exactly what might be Renren's Achilles' heel. If a government can't accommodate the Googles of this world then what will happen to the local equivalent if it is implicated, even if unwittingly, in a major political eruption?
Read more: http://www.smh.com.au/business/world-business/facebook-of-china-walks-a-fine-line-20110507-1ecvh.html#ixzz1LewoFpuU