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michael's blog

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FACEBOOK IPO - IS THE BUBBLE ABOUT TO BURST?

michael's blog

Megasite Facebook is preparing for its IPO. The valuations have been in the range of $100 billion. But now, at the precipice of the IPO, Facebook has amended its offering to note that there is a danger that the rapid move toward mobile may impact on future earnings. Really. I suppose this is to innoculate the Facebook board from future investor lawsuits. Good idea too, because in fact the move to mobile is coming very fast and Facebook's revenues are going

Tags : Facebook , Amazon , Reuters

The Instagram of Video

michael's blog

The purchase of iPhone app Instagram for $1 Billion by Facebook was astonishing, but it focused people on what is fast becoming Web 3.0, which is a world in which people put stuff into the system as much as they observe, read or watch it. Clearly the valuation of Instagram at $! billion has caused a rush to video, which is the next logical step after stills. The holy grail here is an app that allows people to shoot video, edit simpliy and upload directly to

Tags : Reeli , BBC , Instagram

Oprah Goes Broke While Verizon Shows Her How She Could Have Made OWN Work

michael's blog

photo of Oprah from The Daily Mail from Twitter, Tweeted by Oprah (so I hope there are no rights issues here) The Daily Mail, the UK newspaper everyone loves to read, announced today that The Oprah Winfrey Network (OWN) is pretty much over. The network has so far lost a staggering $330 million, with no end in sight. Part of the problem is that almost on one watches and part of the problem is that their convetional pr

Tags : OWN , Oprah , Daily , Mail

Is Facebook Finished? Here comes Web 3.0

michael's blog

About a million years ago, I owned a house in Philadelphia. The New York Times had just bought VNI, which was based in Philly, and we had to move to NY. (No great tragedy there). The real estate market was depressed - there were 'for sale' signs up and down Chestnut Street, so the prospect of selling my house was thin, at best. Instead, I decided to try and rent it. One day, a guy came in to look at the house as a possible rental. He had long black hair, a

Tags : Facebook , mobile , AOL

Amazon TV

michael's blog

I like books. I buy a lot of books I used to go down to Borders to buy my books, which was, frankly, a pain. They had limited shelf space; they often didn't have what I wanted. Then, along came Amazon. With a click or two I could order pretty much any book I wanted and it appeared at my home a few days later. Buying books on Amazon became a regular event - almost instinctive. See something I thought was interesting and click, it was done. Then, Borders w

Tags : Amazon , TV , iPhone , video

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