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Instagram Valued at $35 Billion Passing Twitter

Instagram is the favorite little social media network. However, it is not so little any longer. On Friday, the valuation of the company was raised by Citigroup to $35 billion from its previous $19 billion. The news comes after the video and photo-sharing network announced it now has more than 300 million active monthly users. The social network world is constantly in flux, with some of the social networking sites increasing in popularity, while others either stagnate or drop. Instagram is only the most recent example. On the Internet, tastes are... 
 

Create Your Ecommerce Website With Magento

To create web-based stores merchants use various e-commerce platforms. Indeed, there are lots of tools aimed at helping e-commerce merchants built online stores, manage their content and process online transactions. With this huge variety of available e-commerce platforms anyone can choose the one that meets his/her needs, experience and skills. A great number of ecommerce merchants choose Magento. This is one of the most powerful and flexible content management systems used for web-based stores. It is also a reliable shopping cart software. This... 
 

BlackBerry Launches New Smartphone the Classic

On Wednesday, BlackBerry unveiled its newest mobile handset device, which is made with the same qualities the smart phone maker traditionally uses with features like a track pad and a physical keyboard. The new device is called the Classic and is what the company, based in Canada, hopes will reignite sales. Blackberry once was a leading seller of smartphones in the consumer space, but has had to focus on the businesses as their device fell out of favor with consumers. The company, in its plan to return to profitability focuses on software and other... 
 

Uber’s Driver Screening to Tighten After Alleged Rape in Delhi

Uber is planning to tighten the driver screening in its ride service after a scandal emerged over an alleged rape last week by a New Delhi driver. Uber’s service is already banned in many places including in Delhi. Uber states that they are evaluating a better screening process for their drivers to include a background check, to make sure the issue will no repeat itself. India’s minister Rajnath Singh stated this week that the ministry he belongs has advised that web-based taxi operators be banned unless they are registered with the local administrations.... 
 

Change.org Receives $25 Million

Change.org raised over $25 million from some big investors including Richard Branson and Bill Gates, to help the online petition company accelerate its rapid growth. Ashton Kutcher, Arianna Huffington, the co-founders of LinkedIn, Twitter and Yahoo are amongst the other big names, said Change.org on Tuesday. The online petition company is a startup that has grown quickly is known for gathering support on social issues through petitions online. One petition recently calls for the police to have to wear a body camera after two men who had been unarmed... 
 

Taiwan: Apple and Xiaomi Phones Breaking Privacy Laws

Privacy laws in Taiwan are being violated by Xiaomi, Apple and others by saving user information and sending the information back to the company’s servers, according to an important government regulator. The NCC, National Communications at Taiwan revealed their findings of the investigation on Thursday at a legislative session. The regulator had examined the phones since early August in order to see if the requirements for local security were met. The ongoing investigation has found thus far problems in 12 smartphone models, said vice chairman... 
 

iPad Sales on the Decline

According to IDC’s new forecast, the market for tablets has had a huge decline worldwide during 2014, as iPad shipments are constantly decreasing. The analysis company predicted this Tuesday that tablet sales would only increase 7.2% this year to approximately 235.5 million units, in comparison to last year’s increase of 52.5 percent. The main cause for this sudden drop is a decreasing iPad demand. In fact, this year is supposed to mark the first complete year of decrease in shipments for iPads. The iPad market decrease is not that surprising... 
 

Sony Promises Overhaul in Smartphone Unit

On Tuesday, Sony Corp pledged an overhaul of its smartphone unit that is losing money during the next year. Hiroki Totoki, the new head of the mobile unit at Sony acknowledged that Sony’s previous goal of one day being the third largest global smartphone brand, behind only Samsung and Apple was overly optimistic. At this point, the focus is on returning profitability to the unit, said Totoki, even if there is a drastic reduction in sales, with the goal of just maintaining a hand in the business, given its great importance to developing future... 
 

Apple Donating Portion of Profit to Fight Against AIDS

Apple, the Cupertino, California based tech giant has pledged to donation part of its sales made from its retail as well as online stores during Black Friday as well as Cyber Monday to the fight against AIDS. On Monday, the maker of iPhones and iPads made the announcement of the campaign, which will begin on Monday and involves a special area in the App Store that will be call Apps for (RED). The area is to offer as many as 25 apps whose complete proceeds will be sent to their Global Fund to fight against AIDS. The Apps sold in that section of the... 
 

Europe Will Attempt to Break Up Google

The European Parliament will reportedly call for the breakup of Google into different smaller companies during a vote to be held next week. The measure is a big attempt by the legislative group to combat the dominance of the firm online. Google has found itself for quite a period of time involved in European investigations. At the present, the search engine behemoth is involved with an antitrust investigation into is operating system Android, as well as an ongoing case regarding the company’s dominance in the search engine sector. Europe might... 
 

Xiaomi Share Values IQiyi at $3 Billion

The investment of Xiaomi Corp in Baidu Inc’s IQiyi.com puts a value of the video website based in China at between $2.5 billion and $3 billion, said people close to the matter. The investment of $300 million by Shunwei Capital and Xiaomi is for between 10% and 15% of the website. Baidu is investing another $100 million and holds close to 80% of the business. In 2010, Xiaomi started to make different software for devices that run the Android operating system by Google. The company is now the third largest vendor of smartphones in the world and... 
 

Nokia Returns to Consumer Electronics with Android Tablet

One again Nokia is developing electronic mobile devices and now the company uses Android. Nokia unveiled the N1 tablet that has a 7.9-inch high-resolution screen with a front camera with 5-megapixel. It did not take too long for the Finland-based Nokia to reenter the consumer market following the sale of its business of mobile devices to Microsoft. On Tuesday, Nokia launched its N1 android-based tablet in Helsinki at the Slush conference. The tablet will retail for $249 and start shipping during February across China. It will then become available... 
 

Cisco Forecast Weighed Down by Weak Spending on Telecom

Cisco Systems, the maker of network equipment forecast its profit for the current quarter below the estimates of analysts. The forecast was weighed down by telecom service providers cutting capital budgets and weaker sales in many emerging markets. Shares at Cisco were lower by 1% in extended trading after the forecast was released. During the day, the stock had increased after Cisco reported revenue as well as profit that were better than expected for the recently ended quarter. John Chambers the CEO as Cisco said the two or three service providers... 
 

AT&T Acquires Iusacell the Mobile Carrier in Mexico

AT&T Inc, the second biggest mobile phone carrier in the U.S. has agreed to acquire Grupo Iusacell SA owned by Ricardo Salinas a billionaire for just over $2.5 billion to expand into Latin America even further. AT&T will add 8.5 million subscribers with this acquisition of the closely held carrier, which is the third biggest wireless carrier in Mexico. However, it has struggled in competing against America Movil SAB owns by Carlos Slim. The acquisition price includes debt of $800 million and will close after Salinas is able to close a deal... 
 

Sprint Cutting Another 2,000 Jobs

Sprint the wireless carrier said it would be cutting another 2,000 jobs or about 5% of its workforce as part of its effort to cut more than $1.5 billion in yearly spending. The company announced that the cuts would take place over the upcoming weeks and it still has not determined how many would be cut from the different divisions. Sprint announced in early October another round of cuts and did not say how the total amount of jobs cuts at that time. On Monday, Sprint did say the job cuts would lower its cost of labor by a total of $400 million annually. Sprint,... 
 
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