Facebook investment 'values firm at $50bn

 

 

 

 

Facebook has reportedly raised funds from Goldman Sachs and a Russian investor in a deal valuing the social networking site at $50bn (£32.3bn).

The New York Times said that Goldman was investing $450m in Facebook, and Digital Sky Technologies another $50m.

2010, the year that privacy died?

 

 

 For the twin pillars of the web, Google and Facebook, it has been something of an annus horribulus when it comes to privacy.

Facebook's attempts to make more and more of people's profiles publicly available and Google's seemingly laissez-faire attitude to data have made headlines across the world.
People hitherto gung-ho about their digital footprint, knowing little and caring less about the trail of information they leave, have been forced to think a little deeper about their online lives.
Facebook has made no secret of its desire to make the web more social but its increasingly complex privacy settings meant people were starting to give away more information than they wanted to more people than they intended.
"The environment of social networking is designed to encourage people to share. Often the default setting is privacy-unfriendly," said Ian Brown of the Oxford Internet Institute.

 

 

Mark Zuckerberg wants a 'social' web

Facebook generation suffer information withdrawal syndrome #fb #facebook

Facebook generation suffer information withdrawal syndrome

Turning off mobile phones, avoiding the internet and tuning out of the television and radio can leave people suffering from symptoms similar to those seen in drug addicts trying to go cold turkey, researchers have found.

iPhone alarms hit by New Year glitch #iphone #apple #imac

iPhone alarms hit by New Year glitch.

A glitch on Apple's iPhone has stopped its built-in alarm clock going off, leaving many people oversleeping on the first two days of the New Year.

Angry bloggers and tweeters complained that they had been late for work, and were risking missing planes and trains.
Apple has acknowledged the problem and says it will be fixed by 3 January.
The reason has not been given but the glitch appears to affect single alarm settings on the iPhone 4 and earlier models with software updates.

Apple wakes up to iPhone alarm glitch on New Year's #iphone #apple #technology

Apple wakes up to iPhone alarm glitch on New Year's.

Jan 2 (Reuters) - Apple Inc (AAPL.O) got a wake-up call on Sunday, as iPhone users complained the New Year got off to a slow start because built-in alarms on their phones failed to wake them.
"We're aware of an issue related to non-repeating alarms set for January 1 or 2," Apple spokeswoman Natalie Harrison told Reuters in an e-mail.
"Customers can set recurring alarms for those dates and all alarms will work properly beginning January 3." She did not elaborate.
The British Broadcasting Corp reported the problem led many people to oversleep on the first two days of the New Year.
The anomaly appears to affect single alarm settings on the iPhone 4 and earlier models with software updates, the BBC said.
Britain's Daily Mail newspaper reported that thousands of people were late for work, airline flights and trains, as a result of the malfunction.
Previously, the iPhone's alarm system had problems recognizing daylight savings time, making it go off at the wrong time, according to media reports. Apple had sold more than 1.7 million iPhone 4s as of last June.