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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Anonymous Hacked FBI Defence Contractor’s Website

FBI’s biggest cyber enemy has struck again. The hacker group Anonymous has allegedly hacked FBI’s security contractor ManTech International and has found some valuable information according to the group’s latest tweet.

The hacker group Anonymous has a custom to attack FBI related websites on Friday every week. This attack is also seen as a retaliation after FBI helped to arrest some hackers related to the group in Netherlands and Britain.

In the support of its claim, Anonymous offered to show the correspondence between ManTeCH and NATO(North Atlantic Treaty Organization) which includes talks with “NATO Theatre Of Operations”, the tech department of NATO.

No comment was made by ManTech International who provides its services to U.S. Defense, State and Justice Departments after the attack. Ironically, the firm also boasts of its cyber security services.

The involvement of LulzSec cannot be denied in this matter as both these hacker groups have collaborated almost in all attacks.

Recently, these groups gave a call to boycott eBay and PayPal for their refusal to handle financial transactions of whistleblower site Wikileaks. It doesn’t seem that they are going to stop and quit their alleged mission “to ensure freedom in the cyber world”.

If the world’s best security agency cannot secure its website, can we?

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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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Microsoft Apologizes For Its Tweet On Winehouse

Microsoft has apologized for one of its tweets after the death of British singer Amy Winehouse. The tweet, which was apparently an effort by the software giant to increase its music sales, had created a fiasco in the British media.

The alleged tweet, which was posted on Microsoft’s ‘tweetbox360’ account at microblogging site Twitter asked users to buy Winehouse’s “Back To Back” album from social.zune.net in her memory. Zune is Microsoft’s website that provides music,films and other entertainment content for computers, smartphones and Xbox 360 consoles.

Microsoft was criticized a lot on Twitter beacuse of this tweet. As a result, Microsoft’s UK PR had to come forward and apologize to the people by saying that,”Apologies to everyone if our earlier Amy Winehouse ‘download’ tweet seemed purely commercially motivated”.

Amy Winehouse’s latest album was at the top of the charts on the iTunes music store. Her last single,’Rehab’, was one of the most popular songs over there.

The British singer was found dead at her house on Saturday. The cause of the death remains a mystery but cops are not treating it as suspicious.

At the end Microft’s UK PR tweeted,”With Amy W’s passing, the world has lost a huge talent, our thoughts are with Amy’s family and friends at this very sad time.”

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