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Friday, July 17, 2009

Think You Own the Book You Bought for Your Kindle? You Don’t, Says Amazon.

1984Buy an e-book for Amazon’s Kindle recently? You might want to check to see if it’s still on your device. Kindle users are complaining that the e-commerce giant has removed titles from their machines this week and given them refunds in their place.

What happened? The details are fuzzy, but apparently, a publisher that supplied Amazon with two George Orwell titles has decided that it doesn’t want to sell them via Amazon anymore. So away they went. Have at it, DRM-haters.

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Thursday, July 16, 2009

Google Says YouTube Can Start Making Real Money, Very Soon. Really!

tradingplacesYouTube, the world’s biggest video site, is a money loser for Google. But it may not stay that way for long, the company hinted today.

In response to a question during Google’s, quarterly earnings call today, chief financial officer Patrick Pichette contended that the company could begin making a substantial profit, someday soonish. If Google really does pull this off, it will be a remarkable turnaround project.

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Tuesday, July 7, 2009

Web Radio Darling Pandora Slips the Noose, But at a Cost: Heavy Users Have to Pay. Next Up: A Big Funding Round?

clint-escapesWeb radio darling Pandora has good news for its users: We’re saved! And a slightly different message for its heaviest users: Pay up. And perhaps a third message for potential investors: Want to write us a check?

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Thursday, July 2, 2009

Illegal Downloads, Meet Suspicious Stock Sales: The Pirate Bay Story Gets Even Murkier

takethemoneyandrunThe more I hear about the supposed plan for an Internet cafe company to buy the world’s best-known illegal file-sharing site, the more I think that the whole thing is a farce.

So this one doesn’t even faze me: Swedish regulators are looking into insider trading charges at Global Gaming Factory X, which saw shares jump several days before it said it would buy The Pirate Bay.

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Wednesday, July 1, 2009

Facebook’s New Privacy Policy: Share Everything With Everyone!

porkysAre you one of those Facebook users who worries that your boss will see photos of what you did last weekend? Then you’ll like Facebook’s new privacy policy. But if you’re part of the large group of people who think that nothing is really private on the Web and that everyone should see everything you do online, then you’re really going to like Facebook’s new privacy policy.

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Tuesday, June 30, 2009

Here Comes the Video Shakeout: Joost Scales Down, CEO Mike Volpi Steps Out

volpiHere’s the beginning of the inevitable online video shakeout: Joost, the once-hyped video service that was supposed to rival Google’s YouTube, is restructuring to focus on “white label” services, i.e., a back end for other video players.

The site is laying off the majority of its 100-plus employees, and CEO Mike Volpi is out, replaced by Matt Zelesko, who had been SVP of engineering.

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Friday, June 26, 2009

Old Michael Jackson Story: Traffic Snarls the Web. New Michael Jackson Story: Look at Our Traffic!

crowdRemember all those stories about Web sites buckling under the weight of all that Michael Jackson traffic? Here’s the flip side, now being promoted by those same Web sites: Look at all of our Michael Jackson traffic! Yahoo, for instance, wants us to know that Jackson’s demise has been its good fortune. “Michael Jackson rushed to hospital” was the site’s “highest clicking” story, while Yahoo News set a record for hourly visitors.

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Tuesday, May 19, 2009

Project Playlist Picks Up Total Music Leftovers From Universal, but Hasn’t Settled Lawsuit

The music industry’s online forays have always inspired head-scratching, but this one is odd even by those standards: Project Playlist, the online music service currently being sued by Warner Music Group and Universal Music Group, is bolstering its tech staff by buying the assets of… a music service owned by Universal Music Group. But the lawsuits have yet to be resolved. Confusing? Of course.

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Monday, May 18, 2009

Twitter App Investors Still Writing Checks: StockTwits Raises a Round

stocktwits-logoNope, Twitter still hasn’t trotted out a business model yet, and that may or may not be a problem for potential acquirers like Google or Microsoft. But it’s a nonissue for a growing number of start-ups hoping to succeed simply by positioning themselves in Twitter’s general vicinity. Today’s example: StockTwits, a day-trader-meets-Twitter site that just raised $800,000 from venture capital firm True Ventures.

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Thursday, April 30, 2009

Nielsen: We’re Sticking With Our 60 Percent Twitter Quitter Number

Nielsen caused a stir this week by releasing data that showed that 60 percent of Twitter users stop using the much-hyped service after a month. Under fire for the survey’s methodology, Nielsen has rerun its numbers–and ended up with the same result.

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Thursday, April 16, 2009

Google’s Revenue Slumps, but Cost-Cutting Pays Off

google-logoAs predicted, Google saw its revenue decline from the last quarter of 2008 to the first three months of this year. The search giant said it generated net revenue of $4.07 billion, which is down from the 4.22 billion Google notched in the previous quarter, and it’s a tad shy of the $4.08 billion consensus. But investors are going to be pleased with the non-GAAP earnings number: $5.16 share, up from $5.10 per share in the previous quarter and way, way above the $4.90 per share consensus. Bottom line: Google has cut back on its expenditures and that’s boosted profits.

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Thursday, December 11, 2008

CBS Interactive/CNET Re-Org: The Complete Memo

CBS paid $1.8 billion for CNET last summer, and today it is dealing with the consequences: A re-org and layoffs. CBS execs won’t release a total for the number of people fired, so news will be coming out in piecemeal fashion for some time. In the meantime, here’s CBS Interactive’s new corporate structure, detailed in an internal memo distributed late today.

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About Peter

Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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