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An amazing time-lapse graphic by Latoya Egwuekwe showing the 2007-2009 plunge to 10% unemployment.
Nothing much happens in the early months. But then late 2008 comes around and everything really gets going...
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In a new disclosure, Zynga tells us it makes 90% of its revenues from gamers putting their own money into the system to buy virtual goods.
Zynga says 10% of its revenues come from "offers" marketing, where sponsors agree to buy virtual goods for gamers, so long [...]
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In NYC, there are way more 3 year olds than there are prestigious kindergarten slots, so parents are doing everything they can to give their toddlers an edge.
This now includes hiring test-prep companies and tutors to prepare kids for the dreaded ERB, OLSAT, and BRSA exams.
Read [...]
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Who's going to bring you your local news? Rupert and/or Arthur:
Nov. 20 (Bloomberg) -- The New York Times and Wall Street Journal are pursuing readers from regional U.S. newspapers in their fight to survive the worst advertising declines in the industry’s history.
Read [...]
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Remember Danny Pang?
He was the head of a huge private-equity firm who hadn't done many of the things his bio said he had done, who had denied having his first wife shot to death in front of her son, who was indicted on fraud charges, [...]
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NEW YORK (AdAge.com) -- As it gets ready to officially take ownership of BusinessWeek magazine, Bloomberg is looking for help with global branding and advertising across its portfolio of media properties.
In a request for information sent out to agencies, Bloomberg said it's looking to establish an [...]
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“Email is not going to disappear. Possibly ever. Until the robots kill us all.” – Paul Buchheit, creator of Gmail, co-founder of FriendFeed, currently doing vague infrastructure things at Facebook. Today, at our RealTime CrunchUp event in San Francisco, Buchheit and Threadsy foun...
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Glenn Beck has a plan, and he's deadly serious about it.
The mega-popular Fox news host/evangelist will unveil an initiative called "The Plan" in Florida tomorrow while on tour to promote his book, "Arguing With Idiots."
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Verizon's iPhone-rival Motorola Droid has been out for only a few weeks and it's already seeing price cuts from some retailers.
Verizon is still selling the phone for $200, but Amazon.com has a new Droid with contract for $150. Dell is taking the aggressive stance and offering the [...]
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UPDATE: This is the weakest suspension ever. He's still allowed to tweet promotions for his new book, but nothing else.
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Music videos from Sony and Universal on YouTube have more advertising sold against them than any other group, according to analysis from TubeMogul.
Below is an approximation of the daily share of YouTube's [...]
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The hot story in tech right now is "real-time," thanks to Twitter and Facebook, so you're going to hear a lot of noise over the next few years about "real-time" tech startups. Most of them will be useless and will flame out.
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Salesforce is getting into the "real-time" niche, too.
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Earlier this week, we wrote a post called "Who's Who in Google New York." It was a quick look at some of the top execs in the office, and what people are saying about them.
One of the powerful executives we mentioned is a rising star [...]
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Tesla is working on its IPO, says Reuters citing two sources. Those sources say we can expect a filing any day.
It should be interesting. It has one car, the $100,000+ Roadster. It's working on a more affordable sedan, but it is still years away. It also [...]
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Flickr co-founder Stewart Butterfield left Yahoo disillusioned and disgruntled. Now based in Vancouver, Canada, Stewart started Tiny Speck, Inc., to try again at social gaming.
He's revisiting the old idea of a mobile, multiplayer role-playing game called Game Neverending.
Read the rest of this [...]
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Yahoo must keep its share of search above 11% for the next three years, otherwise the Microsoft deal won't add additional profits, says Doug Anmuth of Barcalys.
His key points from the a report he released this week:
- The Microsoft partnership would still generate incremental EBITDA for Yahoo! [...]
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As the founder of Weblogs Inc., Jason Calacanis is, in many ways, the cofounder of the new AOL, which will be built around the company's network of 80 blogs and content sites.
So when we asked the Mahalo CEO for his take on AOL's future, we [...]
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This is a report from our premium subscription research service The Internet Analyst. The Internet Analyst is currently in beta, with a formal launch coming towards the end of 2009. To sign up for a free beta trial, please submit your name and email address here.
Wall Street can't [...]
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You know the five or six really successful Facebook app and game makers?
Zynga, Slide, RockYou, Playdom, Playfish and all of their competitors?
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George Stephanopoulos is the frontrunner to replace Diane Sawyer on ABC's "Good Morning America," but some staffers on the show doubt whether he could handle an interview with the likes of Chaz Bono, TVNewser hears.
Bono --formerly Chastity, daughter of Cher and Sonny Bono -- appeared on [...]
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A Vietnamese blog posted this picture of a package of 'Google' brand "bathroom paper." According to EnGadget's attempt to translate the text printed on the wrapper using Google Translate, the product's description reads, Very long, soft, smooth. Of high vacuum, because you always! Let u...
Continue reading [...]
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We asked one of Google New York's top engineers, Craig Neville-Manning, who are the offices' rock star engineers.
The short version of the answer is: "We try not to be too much of a rockstar culture. I would kind of like everyone to be a rockstar."
Read the [...]
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Twitter COO Dick Costolo says ads are coming soon.
At a TechCrunch event, Dick told Michael Arrington, they will be "fascinating, non-traditional, and people will love it."
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One of the iPhone apps we're craving the most is still missing in action: An app from Hulu, the Web video company owned by NBC, Fox, and Disney. It's one of the things that readers ask us about the most, so we thought we'd revisit [...]
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Remember when Sarah Palin complained about the AP's handling of her book, wondering how they were able to report on it before it had even hit shelves?
Here's how.
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The explosive growth of the Facebook games business has left a small number of companies with a lot of cash.
Zynga has raised $54 million. Playdom has raised $43 million and Playfish now has the resources of a billion dollar public company, Electronic Arts (ERTS).
Read [...]
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The media mogul teared up Friday morning as officially announced that she was ending her syndicated talk show in 2011.
Winfrey is leaving Chicago to apparently focus on her cable channel OWN: The Oprah Winfrey Network.
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Update: Two ncompanies we've heard this hurts are CPX and Specific Media.
Earlier: Yahoo is re-branding its Right Media ad exchange as a place for premium advertising only.
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Google (GOOG) should deliver a great fourth quarter, as keyword pricing and cost per click are both up, according to analysis from Brian Pitz at UBS, published in a note this week.
Pitz says CPCs are up 26% in October compared to September. UBS's data is backed up by Efficient Frontier, [...]
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Update 3: Now we're getting there. We just had a nice chat with a Googler about how Microsoft has a NIH mentality (Not Invented Here), while Google is still doing things like Google Wave.
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 Google famously terrorizes their interviewees with questions like, “how much would it cost to pay someone to wash all the windows in Seattle,” “how many cabs are in New York City,” and “What would you do if you were shrunk to the size of a nickel, [...]
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Here's a weird detail about AOL's layoffs: Employees have to apply to be fired -- and its not guaranteed their bosses will say yes.
Yesterday, AOL CEO Tim Armstrong told workers the company needs 2,500 employees to quit the company before it spins off in December. He said [...]
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Looking for a change of scenery? There are several new opportunities posted on the Silicon Alley Insider job board. Recent listings include positions at The Huffington Post, AdBuyer.com, TechWeb, and more:
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Harbinger Capital, the hedge fund that once seemed poised to shake up the New York Times, has again reduced its stake in the company.
According to SEC filings, Harbinger only owns 14.64% of the Times Company now, down from 16% at the end of [...]
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EA may be cutting 1,500 people, but there seem to be plenty of jobs at Microsoft for Natal and other projects.
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Kenji Hall / Business Week: Sony Unveils Its Answer to Apple's iTunes — The tech giant will launch an online store selling music, movies, books, and other downloadable applications for mobile products — Sony (SNE) is taking a page from Apple's playbook (AAPL)....
Continue reading » Join [...]
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Stocks have jumped 65% from the March lows. They have also blasted past fair value, which is about 900 on the S&P 500 on a cyclically-adjusted price-earnings ratio (see professor Robert Shiller's chart below). So, unless it's different this time, they're now more than 20% overvalued.
(Jeremy Grantham puts fair value [...]
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It's hard to get more to-the-point than Apple boss Steve Jobs.
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 It's official: Oprah Winfrey is leaving Chicago.
She says she will end her daytime talk show in 2011 as she starts her own cable network.
Will she move her show to the new network? Expect something like it.
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Google's billionaire cofounder Sergey Brin showed up at the Google Chrome OS event today in Mountain View for a surprise Q&A. And as CrunchGear points out, he was wearing very strange looking shoes.
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eBay (NSDQ: EBAY) has closed its deal to sell VoIP service Skype for roughly $2.75 billion. The group of buyers—including Joltid Limited, Andreessen Horowitz and others—are paying $1.9 billion in cash up fro...
Continue reading » Join the conversation about this story »
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The queen of all New York real estate agents, Barbara Corcoran, is "all in" on the AOL spin-off, according to her Twitter account.
She wrote: "Had a meeting at AOL. They have the most beautiful headquarters I've ever seen! People working have to do well there! I'm buying stock."
Read [...]
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While the AP has reached its goal of cutting 10% from the payroll -- leaving fearful staffers room to breathe -- this does not diminish the overall effects of the layoffs on company well being.
"Morale -- which was low before -- is completely [...]
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Hey Googlers, New Yorkers, and Google's New Yorkers!
Don't forget that tomorrow, from 10 A.M. to 4 P.M. we'll be running SAI from the same building that houses Google New York.
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Facebook is a $9.5 billion company according to secondary trading markets.
Trading companies like SecondMarket and SharesPost handle transactions of stock issued to current and former Facebook employees.
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RealNetworks and MTV are in talks to restructure their Rhapsody music joint venture, according to a SEC filing that RealNetworks just filed.
Read the rest of this story »
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The Wall Street Journal has the wealthiest readership among print readers according to a new survey from Mediamark Research & Intelligence, by way of BtoB Online.
This is why Rupert Murdoch is [...]
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(This guest post originally appeared at the author's blog)
Merrill Lynch downgraded several semiconductor names this morning citing unfavorable cyclical trends and a normalization in inventory restocking. The semis are tanking 3.5% on the report and many investors fear the inventory restocking that has powered much of the fundamental strength [...]
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It was a huge day in AOL news, and we covered every bit of it. Catch up here:
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Take a deep breath, AP staffers. The news organization -- which rolled out mass layoffs this week -- has announced the carnage is over.
Read the rest of this story »
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 Thank you to everyone who attended TBI's Startup the Holidays party last night!
We'd also like to thank our sponsor, Regus NYC for making the event possible and giving us a place to party -- one of their 18 fully-furnished, rentable office locations in Manhattan.
Scroll through [...]
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Google's operating system race with Microsoft and Apple is on. Today, the company showed off an update of Chrome OS at its headquarters.
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Dell just posted terrible Q3 results, and the stock is down 8% in after-hours trading.
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Martha Stewart tells ABC's "Nightline" that her past jail sentence might have cost her namesake company more than $1 billion.
"I was pissed. OK. Pissed that something could actually affect that. The company had nothing to do with anything. But yet, because I am the face and [...]
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Google showed off an update of its forthcoming Chrome OS operating system at its headquarters in Silicon Valley today.
The whole point of the operating system -- meant for simple computers and launching in about a year -- is that it's based on a Web browser, so don't get too excited. [...]
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Next week, AOL employees will hold one-on-one meetings with their bosses to decide if they should stay with the company or not.
Earlier today, AOL told its employees that it wants 2,500 of them to step forward and quit the company. In an email, AOL said if [...]
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Fox News says it mistakenly aired the wrong crowd footage during a segment about Sarah Palin's book tour.
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Facebook and Zynga are the defendants in a federal class-action lawsuit filed Tuesday, which seeks upwards of $5 million for social network users scammed in online game ads. Neither company's top-drawer investors can be happy.
The suit was probably inevitable. As we first reported, the Sacramento-based [...]
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The king of financial bloggers, Felix Salmon, is annoyed by me.
Specifically, if I read him correctly, Felix is annoyed that:
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Bloomberg is letting BusinessWeek writers go today. So far, the names we've seen via Twitter are pretty big.
- Steve Baker, a technology writer, and veteran of 23 years. We've heard he wanted to leave anyway.
- Jon Fine, the great media writer -- on sabbatical with his wife, Laurel [...]
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One AOL insider's take is that today's voluntary layoff offers are all about pushing out the overpaid old-timers who have gone untouched for years thanks to their loyalty to AOL.
It's also a way of weeding out those who don't believe in that new strategy.
Read the [...]
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Layoffs were rolling out at the AP this week, resulting in the losses of at least 71 employees covered by the New Media Guild.
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Something’s up with Google’s Chrome operating system. Don’t know what, but we’ll all know soon as a press conference begins at 10AM Pacific. I’m coming at your live from the Googleplex. Buckle up, and we’ll see what’s happening. ....
Continue reading » Join the conversation about this [...]
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Already we've heard AOL's voluntary layoff package is tempting lots of employees -- especially when it's compared to the involuntary layoff package for those who turn it down and get canned in Q1 anyway.
AOL made that comparison easy in a chart it sent to employees this morning:
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Microsoft's Windows 7 is its fastest-selling OS ever, Microsoft CEO Steve Ballmer said today at the company's annual shareholder meeting.
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So how’s Twitter going to make any money? One of its biggest fans, British actor and polymath Stephen Fry, gave co-founder Biz Stone one idea when the pair shared a Nesta panel in London on Thursday… “...
Continue reading » Join the conversation about this story »
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Every smartphone platform now has its own App Store, led by Apple's iPhone. And while some software firms are busily cranking out apps for all of them -- Apple, Google Android, BlackBerry, Palm WebOS, Microsoft Windows Mobile, Symbian, etc. -- many are choosing to [...]
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UPDATE: Another source passed along a note that disputes the below report. Peter Rivera the SVP of the photo department tells his people:
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Hey AOLers: Considering taking management's generous buyout offer?
Rest assured, plenty of recruiters hope you do.
Read the rest of this story » See Also:
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 Google is doing all it can to staunch its brain drain, but according to ex-Google New York staffers we talked to, it's a battle they're going to lose. Their reasons:
- On the engineering side: It's too bureaucratic nowadays. In 2004, Google had 5,000 employees. Now it [...]
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After reports suggested AOL would only fire about 1,000 people during its upcoming round of layoffs, AOLers tell us they were "surprised" to learn this morning that the company wants to lay off a full third of its employees -- about [...]
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AOL wants 2,500 employees to step forward for volunteer layoffs.
Today it sent employees an email saying what they would get if they volunteered for the layoff today versus what they would get if they are asked to leave in Q1 of 2010.
It breaks down:
- SVPs get 9 months for volunteering [...]
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Will the Apple tablet launch in a few months? In a year? Maybe. But as far as Apple's business goes, it doesn't matter.
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Since AT&T can't get Verizon to stop running its negative ads, it's hitting back, with Luke Wilson as the pitchman asking, "Who has the best 3G experience?"
A funny way to frame the issue, but we suppose it's fair. If the 3G is working, it is a better experience through [...]
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Update: We have AOL's layoff package details.
Earlier: AOL CEO Tim Amstrong has asked 2,500 employees to step down as part of a voluntary buyout program. Info from AOL below. Peter Kafka had the news early.
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Shares of Monster Worldwide Inc. (MWW) rose and options activity spiked Wednesday as takeover speculation circulated on message boards.
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AT&T has lost the first battle in a legal war against Verizon Wireless to force the company to stop showing advertisements that compare its 3G wireless network coverage with Verizon's coverage.
A federal judge in Atlanta on Wednesday declined to grant AT&T a temporary restraining order that would [...]
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Flip is adding a larger screen, and WiFi, to its camcorders reports Pocket-lint.
It's a smart move. Now Flip users will be able to upload their videos straight from the camera to the web, just like the iPhone 3GS, and Droid.
Read the rest of this story [...]
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 A number of brilliant minds have come through Google New York's doors, and a number of brilliant minds have left.
From Tim Armstrong, now in charge of AOL, to Kevin Scott of AdMob, Google's Chelsea office has graduated a solid roster of alumni.
Yesteday, we showed you "[...]
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AOL's wise urge to dump dead wood, non-core properties, and fat has finally led it to MapQuest:
Kara Swisher: [A]ccording to sources inside and outside AOL, one of the next candidates for sale could be its MapQuest online map service.
Read the rest of this story » See [...]
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 Max Wang, Taipei; Joseph Tsai, DIGITIMES:
Apple reportedly plans to postpone the launch of its tablet PC from an original March launch schedule to the second half of 2010, as the vendor has decided to switch some components and plans to launch a model using a [...]
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Google New York: Scooters, Slides, And Legos -- Oh My!
