Twitter’s Worth Reaches $8.4 Billion After Funding

The micro blogging giant has become a $8.4 billion company due to a “significant” round of funding from companies worldwide. Digital Sky Technologies, a Russian firm known for its investment in various social networking sites has contributed a “generous amount” to Twitter.

Officially, no financial details were disclosed but if insider claims are taken into account, the San Francisco based social networking giant raised nearly $800 million which was rounded to $8.4 billion after the deal.

It was also said that Twitter will take 50% of this investment and the rest will be spent for buying the shares of the existing share holders.

Twitter has nearly 600 employees and seeing the success rate of this social network, we won’t be surprised if we see more investments like this in future.

After the launch of Google+, Facebook’s competition with Twitter was sort of finished. As Facebook and Google+ are fighting continuously for the crown of best social network, Twitter played a smart game by staying out of their fight.

Though Twitter is not big as both Facebook and Google, still its growth rate shows that it could beat them in a couple of years if it keeps on growing at a fast pace.

Will Twitter introduce some new features if it keeps on securing huge investments like this?

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Social Networking Between Teachers And Students Prohibited By Missouri Senate

Missouri Senate has prohibited teachers and students from any type of social networking. In most basic terms, this means that no teacher can be a Facebook friend of any student.

Missouri Senate drafted a bill(Bill 54) according to which teachers and students are banned from having any contact on any social network which is exclusive and provides mode of private communication.

Some experts say that this may be a step to ensure ethical communication between teachers and students. According to reports, this bill is designed to prevent any misconduct of children by teachers and in some cases, vice versa.

Though this bill sounds good theoretically, but in practical life, it will be difficult for authorities to detect any type of “unethical social relationship”.

Recently there was a case where a student abused his teacher on Facebook and was expelled from his school on disciplinary grounds. This bill aims to prevent this kind of misconduct.

The reception of this bill by public is mixed as some openly criticize it while others declare that this bill will ensure a healthy relationship between teachers and students.

What do you guys think? Will just an enactment of a bill be able to ensure an “ethical relationship” between teachers and students?

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Spotify Sued By PacketVideo

The collaborator of Facebook has been sued by PacketVideo over patent violations and its music streaming technology. Spotify has recently collaborated with Facebook to provide online music to its users. The lawsuit claims that Spotify violates patents owned by PacketVideo which deal with “method of streaming music over data networks”.

Tech experts were waiting for something of this type to happen as the technology used by Spotify is not unique. Users might have noticed that Spotify, apart from providing music online, has no other USP.

The Britain based online music provider company has started its US services just 2 weeks back and in that short period of time, has a lawsuit up its sleeve.

Spotify said that it will strongly present its side as it is sure that no patent has been violates. The lawsuit has been filed in the Netherlands and San Diego which claim that Spotify has “deliberately” used PacketVideo’s technology.

Spotify is strongly contesting PacketVideo’s claims as according to it, its technology is “highly innovative, proprietary hybrid technology that incorporates peer-to-peer technology”.

Though a hearing has been scheduled, still an agreement could be made outside the court.

We’ll keep you updated on this matter.

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Facebook To Reward Security Experts For Reporting Bugs

The social networking giant has begun offering a certain amount of bounty to security experts who will find bugs in the social network and report it to the Facebook administration. The basic bounty for “certain qualifying” bugs has been set to $500.

This is the first time ever that any social networking site is going to pay its active users in return of their services. This feature is also seen by many experts as a way to counter the popularity of Google+.

The Palo Alto based company said that,”Our security team will assess each bug to determine if qualifies”. Furthermore it stated that the bounty of $500 is a base price and it can be increased if the vulnerability reported is big.

It is worth noting that Facebook is desperately trying to improve its security features as its arch nemesis Google+ openly boasts about its tight security.

Facebook recently hired George Hotz, who was sued by Sony Corp. for “degrading its product”. He hacked the PlayStation 3 and is the first person in the history to jailbreak the iPhone.

This is another attempt of the social giant to attract top security experts who give their services to many notable sites.

Will offering bounties help Facebook grow?

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Google+ After One Month: Will It Grow More Or Not ?

It has been a month since the most awaited social networking website made its debut. As it was predicted by various tech gurus, Google+ saw a huge success in its initial weeks. But at the end of its first month, its traffic has gone down a bit.

Google+ started its journey as the biggest threat to the social networking giant Facebook and made it go in a self defense mode. Facebook launched many new services in response to Google+ as Mark Zuckerberg feared the immense popularity that Google+ enjoyed in its initial days.

If we talk about the journey of Google+, so far it has done pretty well. The biggest achievement of Google+ is that while still being in a field trial stage and an invite only site, it managed to grab 10 million users in its first week and if some reports are to be believed, this figure rose upto 20 million in its second week.

While these facts are amazing, Google+ also saw a loss of around 3.2% of its users at the end of its first month.

The biggest challenge Google+ is facing today is that its user interface is not as simple as that of Facebook’s. Some users find it tough to adjust with the interface as they are used to the simple interface of Facebook. And furthermore, Google+ is not yet open to the organizations, which means no famous brands are there to follow.

Though this is only its first month and in future Google+ may get more traffic but the fact is that users no longer find it interesting as they have no new features to use.

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Twitter To Introduce Paid Tweets ?

The micro blogging site Twitter has introduced a new feature which will allow users to promote their tweets by paying a certain amount of fees to the social networking giant.

These type of ads will be visible to users who follow the advertiser’s brand and will be similar to a normal tweet. As far as we know, companies have started using this feature and currently their followers have started receiving their “paid tweets”.

According to TechCrunch, Adam Bian, the global revenue chief of Twitter, said that,“We’ve found that 20 to 40 percent of users follow one or more brands on Twitter. The one problem we’ve heard from users is that when there is exclusive content or deals, there’s a chance they might miss them.”

Though this service is not a surprise as its beta version has been there since March, it is still worth noting that this is the first time that Twitter has deployed its business strategy.

Till date, users are getting tweets only from the brand they follow, but this policy may get updated in future. One thing good about this feature is that companies will have a large social platform to advertise their products.

Now it is time to talk about some issues with this feature. Technogazette has seen these type of ads and we feel that they can be easily ignored as no new feature in these ads has been used. Some users may find them similar to Facebook ads thus there is no original thought.

We’ll keep you updated on this news.

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Users Getting Bored Of Google+?

A few days back, every tech blog was raving about Google+ being the strongest competitor Facebook has ever seen. But users are now finding Google+ not as interesting as they thought it would be when it was launched.

Google+ started superbly with record 10 million users in its first week. It was said that Facebook’s days were gone and Google+ will mark the beginning of a new era. Ranging from startup blogs, even blogging giants were covering great success of Google+. But recent data shows that Google+ traffic has fallen due to users spending very less time on it.

According to a company called Experian Hitwise, Google+’s traffic fell nearly 3.7%. At the first look, this data seems insignificant but if you consider the total population on Google+, which is more than 20 million, it depicts a hell lot of users.

There can be several reasons for Google+ traffic loss. The major reason is that it is still in field testing stage which restricts users to join it without an invitation from an existing member. Another reason is that Google+ is not yet open for organizations which means no fan pages like Facebook.

Though these stats will not be a problem for Google+ in near future, but if it is planning to replace Facebook, this should prove to be a wake up call for it.

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