Facebook has been criticized for their privacy violations for several years. In the United States, they may be investigated by the FTC for stealing user data and selling it to advertisers. Recently, the situation has become even more insulting for the users who have already been exploited. Facebook actually was given an award after a hacker stole login information on users.
Well, nobody gets tired of making predictions, or at least thinking of what the future looks like. Predictions were made for several technological categories like Security, Enterprise Resource Planning (ERP) and a more generic forecast on Information Technology as a whole. Similarly, we can never stop thinking of making forecasts for one of the most loved technology solutions in the world – Open Source.
This is the question that lingers in the minds of many technology enthusiasts; at least for fun, they would have given it a thought – What would happen if Linux was adopted Worldwide? An ultimate ambition that the free software community has, is for Linux to be used in the mainstream industry and it has been a goal for the past few years. Several critics have said that the happening of such an event is almost next to impossible especially on the desktop. Now for a moment, let us just keep these critics and their thoughts aside and see what would actually happen if the whole world ran Linux. Shall we?
Being an entrepreneur involves taking many risks. As much as most people hate taking risks, they can’t be avoided. But taking risks doesn’t have to be a bad thing. You just have to do it carefully. Read — Entrepreneurs and Risk to get an idea of the way entrepreneurs really look at risk and the role it plays in their work.
Earlier this month the Consumer Electronics Association hosted their annual Consumer Electronics Show — showcasing upcoming trends in electronics and the newest advancements in geeky gadget technology. After 40 years in the business the trade show has grown to over 2,000 members, all of who are on the cutting edge of electronics research, development, design and distribution.
This year’s event was held on January 6-9 and yielded 4 clear trends in consumer electronics that should be a focus for IT geeks in 2011: that everything will be internet-enabled, the app frenzy will continue, tablets will continue to explode, and we should finally start seeing in 3D.
The end of last week seemed pretty worthy for Facebook, as it raised a whopping amount of $1.5 Billion on Friday taking its financial valuation to a net worth of $50 Billion. This should definitely make Mark Zuckerberg smile ear-to-ear as his baby project, Facebook has grown to become the third largest online service in terms of financial worth. Google leads the charts with Amazon.com at second position in this list.
Facebook has over-taken Yahoo! and eBay in financial standings. All thanks to the recent investment deals Facebook had with non-US investors through Goldmans Sachs which was worth $1 Billion. In addition to this Russia’s Digital Sky Technologies had also invested half a billion dollars in Facebook during the month of December.
I remember writing an article about 2 months ago, on Open Source’s revenue flow and the actual source of the payments that Open Source gets. I stated that the question of Where does Open Source get its Payment from? is one that could have multiple answers. This question of whether Open Source has it all to be Number 1 also has a similar confusion. It should seem like Open Source does have it all, but there are several instances wherein Open Source has lost out to the Big private players like Oracle, IBM, SAP, etc. who easily trade their products in the market for big bucks too. So if you were to ask me what Open Source really lacks, I would say that it falls short in advertising, marketing and selling its products.
There are so few instances where services for underdeveloped areas are profitable that Vodafone’s new phone-based banking program warrants attention.
Vodafone’s Indian sector has recently formed an alliance with one of the major banks in India to create a phone-based banking system designed to boost profits for Vodafone after competition lowered their margins. Recently competition has pushed Vodafone’s cell phone rates below $.005 per minute in India, seriously damaging their profit margins. These lowered profits are the motivation behind why the cell phone giant has created this new mobile phone banking program.
If you’re starting a new company or planning to start one, Founder Institute, may be just the right one for you. In short, Founder Institute will help you cross your t’s and dot your i’s to help reduce the cost and increase the quality of starting an enduring and meaningful technology company.
Founder Institute announced the opening admissions for 13 locations worldwide, including three new chapters in Bogota (Colombia), Santiago (Chile) and San Francisco.
Applications are currently open for the 2011 Spring and Summer semester. Apply before the Early Admissions deadlines and you may be able to take the predictive Admissions Test for free, and also have a better chance of being accepted into the program.
Many entrepreneurs have brilliant ideas that could turn into Fortune 500 companies. They deserve the opportunity to prove themselves. Unfortunately, most of them are never given that chance.
Investors are usually fairly conservative with their money. They hear many business ideas and have to filter some of them out. Remember the quote from Gordon Gekko on Wall St? “”I hear a hundred tips a day and I choose one.”
Unfortunately, the metrics you use to determine if an idea is brilliant or not are probably completely different than those an investor would use. Here are some things you may need to work on to improve the odds of getting funding.