Saudi Prince Buys Stake in Twitter

Saudi Prince Alwaleed bin Talal has bought $300 million worth of stake in Twitter, which is unofficially 3.5% of its total worth. Alwaleed bin Talal heads Riyadh based Kingdom Holding Company, which is one of the largest companies in Saudi Arabia. Prince is a nephew of Saudi king Abdullah and is one of the top business magnates in the world.

Twitter has raised a lot of money from investors including DST Global earlier this year and has claimed that it expected to raise at least $800 million from investors in 2011. After this giant investment by Saudi Prince, we can assume that Twitter has surpassed the $800 million mark.

According to some sources and other news portals, Saudi Prince is planning to expand his public holding business via social networking website. That is a pretty good tactic as in the recent years, social media has revolutionized the business sector throughout the globe. It should be noted that Twitter has played a significant role in the Arab uprisings this year as the protesters communicated mostly through ‘tweets’.

Twitter has not disclosed any details of this investment but this news can be read on the Kingdom Holding Company’s official website, which in our opinion is plainly advertising this investment.

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PlayStation Vita Hits stores in Japan

Good news for PlayStation fans. The long awaited PlayStation Vita is now available in Japan. It was launched in the market yesterday. This was the biggest launch ever for any Sony product since the launch of legendary PlayStation 3 and that too was five years ago. Thousands of fans throughout the country rushed to their nearby stores and lined up in the early morning to lay their hands on the successor of PlayStation Portable(PSP.

PlayStation Vita has a touch interface with motion sensing ability. Gamers can connect their devices via mobile networks or Wifi hotspots to play multiplayer games. With GPS functionality, this gadget has a lot more to offer as compared to the other gaming consoles of the same category.

There are two cameras in Vita, one on the front and the other on the back. Plus there is even a touch pad on the back and there are two joystick buttons which can be used in the multiplayer games.

Sony Corp expect Vita to be a huge success. 2011 has been a pretty bad year for Sony so far. Earlier this year, Sony PlayStation Network(PSN) was targeted by a massive cyber attack after which a large number of customers decided to shift their attention to other gaming consoles available in the market.

According to market reports, Sony has suffered huge losses, approximately of $1 billion this year. All it needs is a breakthrough in sales, so that it can cover up the losses in gaming sector as well as other fields.

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Facebook to sue Mark Zuckerberg?

No, we are not talking about Facebook’s CEO. This Mark Zuckerberg hails from Israel and is an entrepreneur who owns Like Store, a social marketing company which sells Likes to other companies for their brand pages on Facebook. Born as Rotem Guez, he legally changed his name on the 7th of December and according to some sources, he is planning to change his family’s name as well.

This is the second time Facebook has threatened to sue Israeli Zuckerberg. His company, Like Store, was found to be violating Facebook’s terms of service by the social giant’s law firm Perkins Coi, and was instructed to shut down their page on the social network.

And surprisingly, this Israeli entrepreneur also filed a lawsuit against Facebook earlier this year when he was prohibited access to his profile page. It is true that Facebook can sue Like Store on the basis of said violations to the terms of service, but it will be funny when we will see news headings citing the social network’s founder’s name.

On the other side, Rotem Guez(Mark Zuckerberg) is in no mood to abandon either his name or his company. He has even made a website by the name of markzuckerbergofficial.com and a fan page on Facebook by the name of I’m Mark Zuckerberg which has got more than 3000 likes.

So the question now is plain and simple, Will Facebook sue Mark Zuckerberg?

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HTC To Invest In Dr. Dre’s Beats Electronics

HTC is about to invest $300 million in Dr. Dre’s Beats Electronics, maker of the famous Beats By Dre headphone line. This deal will eventually make Dr. Dre the richest rapper in the Hip-Hop world.

Dr. Dre is already one of the wealthiest rappers and producers in the world. He is the man behind famous names like Eminem, 50 Cent, Snoop Dogg and many more. This deal will make him more richer and ultimately the wealthiest rapper alive.

HTC wants to beat its competitors Samsung and Apple Inc. in the mobile market where the company is slowly losing its influence due to some patent infringement issues.

HTC will have 51% shares in Beats Electronics and will use its technology and influence to market its products more efficiently. Beats Electronics has got a huge number of fans worldwide and seeing this, we can say that HTC’s sales will increase for sure.

Dr. Dre’s worth is nearly $125 million right now and he is one of the few artists who have registered a net worth of $100 million or more. Following this huge investment by HTC, Dre’s worth will rise rapidly and who knows, maybe he’ll cross the $200 million mark.

On the other side, HTC will also be benefited as Dr. Dre’s name is a brand in itself.

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Angry Birds Developer To Trade In Baby Merchandise

The most widely used game which is present in every single smartphone and tablet will be soon seen on baby merchandise. Rovio, the developer of Angry Birds, has decided to move into the baby product business.

Rovio is keen to expand its business and seeing the success of its Angry Birds game, it can be said that the gaming company will succeed in its goal. Angry Birds toys are already available in the market and they too are being liked by a lot of people.

The Finland based company was started by 3 students and was sponsored by Nokia and HP in its initial stage but now it has become a multi-million dollar company.

Ville Heijari, vice president of franchise development, said that the company’s top priority will be game development for sure but at the same time it wants to enter merchandising venture as it is one of the fastest growing businesses.

Baby Merchandise will include a lot of products like a 42-inch square blanket having images of angry birds. Apart from baby products, Rovio will also provide flip-flops, bags and the iPhone cases with images from its game.

Will you get your baby an Angry Birds product?

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RIM Ready To Help UK Police In Tracking Rioters

BlackBerry maker Research In Motion(RIM) has offered to assist UK Police in tracking down rioters after riots broke out in London and other cities. Officially, RIM has not disclosed how it will help cops but we are pretty sure that this assistance will involve access to its BlackBerry Messenger service.

The riots broke out in London after police officers shot a black resident by the name of Mark Duggan, who was a suspect in a gun violence investigation.

People gathered to lead a peaceful march from Broadwater Farm to Tottenham police station demanding justice for Duggan family. The violence broke out after an alleged heated argument between a teenager and a police officer took place.

This offer by RIM is a genuine thing done by the Canadian giant in this situation. It will reduce the time to track down rioters and looters who wreaked havoc in London.

We at Technogazette strongly condemn any act of violence like this. It just shows that how short tempered people have become in this era.

People forgot the real cause of their march which was to demand justice for Duggan family. But justice cannot be achieved by looting and damaging property of innocent people. Protesters should have thought that someone lost a husband, a father, a son and a brother and by committing such cowardly thing, they were tarnishing his memory.

Our prayers are with Duggan family and everyone who suffered any kind of loss in these riots.

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Facebook Can Cause Serious Mental Health Problems In Kids ?

A study done by Dr. Larry D. Rosen, a professor of psychology at California State University, shows that the excessive use of social networking site Facebook can cause serious mental health problems like aggressive tendencies and antisocial behavior in kids.

The title of the study was ‚ÄúPoke Me: How Social Networks Can Both Help and Harm Our Kids” and is based on the findings by Dr. Rosen, who is studying the effect of technology in our day-to-day life for more than 25 years.

Rosen also said that the parents today think that by using a monitoring tool, they can limit their child’s social activity. But they are completely wrong as their kids are more technically advanced than them and usually find a way to work around that monitoring tool.

Though its negative impacts are more, the study shows that social networking has also made youngsters more efficient at communication skills and they can easily communicate with their teachers through social media.

The thing here is that like everything in this world, social networking has both pros and cons. It depends on the end users how to use a platform they have been provided with.

Do you think social networking is valuable or is it just a way to kill your time?

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