Why facebook bought friendfeed

Why facebook bought friendfeed

Today, Facebook bought Friendfeed for $50 million. The reason behind facebook buying friendfeed is, facebook wants to confound google, as google cannot index facebook pages properly. They want to make facebook the largest web space. Frienfeed has 12 members in their team, in that 3 are ex goog

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GM to sell car through EBay

General Motors after its bankruptcy, planned to sell car through ebay.com, GM aims to introduce a new platform for the buyers. On Aug 10 Tuesday, GM will launch a pilot program with EBay to sell the cars. Through this program buyers can place a bid for GM cars from GM dealers.  And it has lot

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Apple to release a mini computer in 2010

Apple might release a mini computer in the early 2010, which looks like a Ipod touch but slightly bigger than IPod touch. The Apple mini computer or tablet will be priced between $500 to $700. This is in competition to the other Netbooks or mini laptops manufactured by Dell, Acer, Toshiba  and

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Lenovo reports loss

Lenovo reports loss

Lenovo reported $ 16 million quarterly loss, the CEO of the company Yang said sluggish market in US and Europe is the main reason for the loss, last year it had a $ 110 million profit. Lenovo's PC sales rose by 1.1 %, but the overall industrywide sales down by 3.3 %. Lenovo CEO Yang said

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Paypal's downtime - Merchants may be reimbursed

Paypal’s downtime - Merchants may be reimbursed

Paypal's service was down for nearly 4 hours on Aug 03,Paypal service was down from 1.30 pm EDT to 6.10 pm EDT,  Paypal was not able to process any transaction worldwide during the downtime. Paypal reported, the issue was caused by a bad hardware. Paypal is now reviewing whether the merchant

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Google CEO resigns from Apple

Google CEO resigns from Apple

Today Apple announced Eric Schmidt has resigned from Apple, he had been in Apple's board since Aug 2006. The real reason behind the resignation is not yet known. But today in a press release Steve Jobs the CEO of Apple told -  "Unfortunately, as Google enters more of Apple's core businesses, wit

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