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Facebook also to take on PayPal?

Published by on Apr 15th, 2014, 1 Comment

facebook

Back in January we came across some news that Apple is about to take on PayPal with their own payment system. Now it seems the company will have even more competition from another tech giant – Facebook. The social network is “only weeks away” from receiving the necessary approval in Ireland to operate its own e-money service.

This means that, in Europe at least, Facebook could become an accredited financial institution. It could then of course store and send money for users all over the continent, of which they already have millions of course. (more…)

Twitter has a new look – and it looks awfully familiar

Published by on Apr 9th, 2014, No Comments

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Yesterday,  Twitter started rolling out a redesigned look for its user profiles. While most users usually welcome a new look, we’re not so sure if they’ll be to excited about this new look – mostly because it looks exactly like Facebook.

When the first screenshots of Twitter’s redesign started surfacing yesterday, we got a little bit of déja vu. We have definitely seen the same design somewhere else before.

The new look features a bigger profile picture and also has an entirely new ‘header’ image. This header image is much like (read: exactly like) Facebook’s cover photo on their user profiles.  (more…)

Facebook buys Oculus VR for $2 billion

Published by on Mar 26th, 2014, No Comments

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Facebook has been on a massive spending spree in months of late, and they aren’t about to stop anytime soon, as their latest acquisition proves. The Oculus Rift is the only product produced by Oculus VR, a virtual-reality headset meant to change people’s immersion experiences within games. Facebook is buying to company for $2 billion in cash and stock.

In a post on Facebook, Mark Zuckerberg talks at length about how Facebook plans to make Oculus a platform for “completely new kinds of experiences,” with gaming being only the first one. (more…)

Facebook to launch video ads soon

Published by on Mar 14th, 2014, 1 Comment

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You better get ready for a lot more sponsored material when browsing your Facebook account. Video ads are set to become a permanent fixture on Facebook. It is said that this will be fully implemented by late April or early May.

According to Bloomberg, the company has been testing short 15-second video adverts since December and customers can expect to see them pop up very soon. Both mobile and desktop ads will autoplay in your feed, but you won’t be disturbed with the sound until you click on the ad. (more…)

EntrepreneurCountry: Global Tech Discovery Platform launches in South Africa

Published by on Mar 5th, 2014, No Comments

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Entrepreneur Country (EC) is a global online discovery platform that enables Digital “Davids” to profile themselves and connect with Corporate “Goliaths” to unlock value and opportunities through their respective strengths. This symbiotic relationship, defined by the concept of EcoSystem EconomicsTM, was coined by Julie Meyer, a global entrepreneur who is amongst Europe’s finest leaders in terms of venture capital, having herself built and successfully exited a start-up business and paved the way for many other entrepreneurs to find their feet and raise funds to launch their ventures.

Amit Pau, CEO of Ariadne Capital and director of EntrepreneurCountry commented: “We see disruption through business model innovation combined with technology on an unprecedented scale around the globe at the moment. The power of the EntrepreneurCountry platform is its’ ability to unlock huge potential, acting as a catalyst for digital start-ups (what we call Davids) to engage with their Corporate (Goliath) counterparts to co-create opportunities leveraging each other’s strengths. (more…)

Facebook’s drones to connect Africa, take on Google’s balloons (video)

Published by on Mar 5th, 2014, No Comments

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Last year we reported that Facebook want to connect the entire world to the internet with its Internet.org organisation. It seems that it is taking the first steps in making this dream a reality by buying Titan Aerospace, a company responsible for some very interesting solar-powered drones. By the company’s reckoning, they can stay airborne for up to 5 years.

Facebook want to take the service to Africa first, which means they will have to contend with Google’s blimps, called Project Loon, which will serve the same purpose and also be solar powered. Both the blimps and the drones will deliver sky-based internet access. Facebook wants to use 11,000 unmanned air vehicles (UAVs), which will expand over time to service other developing countries in Asia and South America.

Facebook’s latest acquisition will not come close to its previous in cost. This one will cost them $60 million. In actual fact, the latest acquisition may help WhatsApp because if they can offer free (albeit slow) internet to developing markets, it opens up the use of WhatsApp to those users. Last year, Facebook bought Onovo as well, which is creating a data compression methodology which will also help users to use various apps if the data usage is lower. (more…)

Facebook to shut down messenger app for Windows

Published by on Feb 27th, 2014, No Comments

FB app for Windows

If you are a Windows user and love yourself some Facebook messaging, we’re sorry to say, but you will have to get ready to say goodbye to the Facebook Messenger app for Windows.

Come March 3rd, Facebook will pull the plug on the popular messaging app for the Windows desktop platform.

Starting yesterday, Facebook has been sending out messages to all Windows user saying that the app will be pulled next Monday:

“We’re sorry, but we can no longer support Facebook Messenger for Windows, and it will stop working on March 3, 2014. We really appreciate you using Messenger to reach your friends, and we want to make sure you know that you can keep chatting and view all your messages on www.facebook.com. Learn more” the message read. (more…)

Facebook buys WhatsApp for $19bn

Published by on Feb 20th, 2014, No Comments

facebook-whatsapp100_v-largeSo what is the best way of staying ahead of your competitors? Buy them out! Facebook announced late yesterday that they will be purchasing messaging giant WhatsApp for a combined package of $19bn. The deal is structured to include $16 billion in cash and stock, of which $12 billion will take the form of Facebook shares, $4 billion in cash and an additional $3 billion in RSUs (restricted stock units) for the exclusive use of employee retention. (more…)

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