Archive for July 20th, 2008

Only a year ago, there was a huge buzz around Facebook’s new application platform. Massive money was made by some, while others simply threw together whatever they could and released it to the masses in the hopes of being the next iLike.

This day, the Facebook platform is alive and well, but the hot new platform is the iPhone. People are lining up for hours to get their hands on one, and developers see dollars in those lines: Unlike with Facebook apps, you can charge for iPhone software, and developers keep 70 percent of the money collected through Apple’s app store.

Facebook's iPhone application is one of the iPhone’s most popular applications.

(Credit: CNET Networks)

One of the 550-plus new iPhone applications was Facebook’s own, a slightly amped-up version of the Web-based Facebook for iPhone Web site introduced late last year. It’s more useful than than the mobile Web site, but it’s still watered down from its desktop cousin, with just a contact list and a chat app. Notably missing are the other Facebook applications that have helped make the social network such an appealing service for both users and developers.

It would make sense if the next step for the Facebook platform was a mobile version–something where whatever you developed would work on both desktop and mobile devices, starting with the iPhone and later Android. In that regard, Facebook’s mobile iPhone application is only the beginning, and just a preview of what’s to come.

I think we’ll see at next week’s F8 event a product or service that’ll help developers shrink down their applications to fit into Facebook’s mobile application framework. It’s a move that goes squarely against Apple’s engrained apps marketplace by having developers spend resources on coding for Facebook instead of themselves; however, the result will be the augmentation of the mobile Facebook experience that’s closer to what people have gotten accustomed to on their personal.

Facebook’s UI has already begun to change to match the finger-friendly style. The latest profile refresh has moved the applications from a sidebar to different tabs–the same look can be found in Facebook’s iPhone-optimized Web app. Such a style could easily be shrunk down to fit a smaller screen, whereas the old one could not.

There are still some road bumps. For one, Apple’s SDK and Android are vastly different. But if Facebook is forward-thinking, it’ll want people to develop applications that’ll work on both. Apple’s iPhone is clearly the weak link here with no Adobe Flash support in sight and a very limited amount of things you can do using the hardware and phone file system. One such solution for interoperability is Google’s OpenSocial initiative, however, Facebook has been at odds with adopting it. The middle-of-the-road solution is to use Web standards that are both interoperable and compatible no matter what modern device you’re using.

Another bump is whether or not developers will be willing to dedicate their time to developing something for Facebook mobile or simply create a standalone native iPhone application. These individual applications hold more opportunity for the tiny guys to make a swift buck, but by tying into Facebook’s system they get a tight network of users who might share it with one another and cross-pollinate that activity to the desktop version.

Mobile or not, expect something large next week from the Facebook camp.

Update: Made a correction from 30 to 70 percent regarding developer revenue split on the Apps store.

Fore more visit Source: [webware]

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A look at the new Last.fm homepage.

(Credit: Last.fm)

Social music site Last.fm has unveiled a new look: a slick new design, an iPhone app, a partnership with Logitech to stream music to compatible home stereo systems, and a host of new features.

With the new features, …

Source [The social]

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PodTech, a video podcast network that had taken over $7 million in venture funding, has been sold–and the price may have been a downright humiliating $500,000.

The news was reported this week by Eric Eldon at VentureBeat, but Valleywag’s Jackson West was floating the rumor with less detail …

Source [The social]

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PodTech, a video podcast network that had taken over $7 million in venture funding, has been sold–and the price may have been a downright embarrassing $500,000.

The news was reported this week by Eric Eldon at VentureBeat, but Valleywag’s Jackson West was floating the rumor with less detail …

Source [The social]

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Focus Media Announces US$100 Million Share Repurchase Program SHANGHAI, China, July 16, 2008 /Xinhua-PRNewswire via COMTEX/ — Focus Media Holding Limited (FMCN), China’s leading multi-platform digital media company, today announced that its board of directors has approved a share repurchase program. Under the terms of the approved program, Focus Media might repurchase up to US$100 million worth of its issued […] For more visit Source:www.investment-blog.net

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As lovers of green gadgets, EcoGeeks probably know as much about what’s new in clean technology (a.k.a., clean-tech) as anyone on the Web. So if you’re thinking about investing in companies which make the technology you know and love, you will probably take comfort in the old adage that you should invest in what you know.

An EcoGeek investing in clean-tech companies will have an advantage understanding how a company makes money and what is a needed innovation with a large market, and what’s simply a bizarre curiosity.

More importantly, an EcoGeek knows that any maker of EVs will have to cope with endless competitors, and they’re the first to know when LED bulbs are bright enough for general use.

While knowledge of clean-tech is the great strength of the EcoGeek investor, this knowledge most likely arises from a love of clean technology. Just as “geek” implies technology expertise, it also connotes an obsession with technology which might interfere with the geek’s social life. Unfortunately, an obsession with clean-tech has the potential to blind the unwary EcoGeek investor to the pitfalls of investing in a cool technology which might not turn out to be such a great investment.

Investing in what you know is not the same as investing in what you admire. People who invest in something just because they admire the brand often find themselves buying at the top. Our aspirations and wants are in huge part cultural, and others will be excited about the same things we’re, at the same time. When many investors are all buying at once, none are likely to get a good price.

To the extent that EcoGeeks are ahead of the curve with fashion, we can get in ahead of the crowd. The rising popularity which follows can work in our favor, driving the price higher as other investors pile in. To the extent that we live up to the geek stereotype, and what we think is great turns out to be hopelessly un-cool, we’ll find ourselves investing in things which never catch on.

Many innovations which help the environment are also quite unpopular, so it is very difficult to know if we’re blazing a path for others to follow (as turned out to be the case with hybrid cars) or simply lost in the woods (think Segway).

That stated, the EcoGeek who decides to invest in clean-tech need not end up going eco-broke. The trick lies in distinguishing between when we’re on the environmental slicing edge and when we’re on the environmental lunatic fringe. Most people on the lunatic fringe think that they’re the only sane ones and the rest of the world is confused. That may well be the case.

After all, those of us who were worried about climate change before 2003 or so were on the lunatic fringe, even though most people now accept that we were right. But if we were investing in clean-tech companies back then, we probably had a lot more losers than winners. Anyone remember Astropower? Or, if you’re impressed by the current successes of Capstone Microturbine (CPST), you probably didn’t purchase it in 2001.

The key to EcoGeeky investing is to know that we’re investing out of knowledge, rather than just buying a stock because we’re excited about the company’s green technology. In the end, the key to all successful investing is to know ourselves at least as well as we know the companies we’re investing in.

This story also appears on the author’s website, Substitute Energy Stocks.

DISCLOSURE: Tom Konrad owns CPST.

DISCLAIMER: The information and trades provided here and in the comments are for informational purposes only and are not a solicitation to purchase or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.

For more visit Source:[green.yahoo]

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NEW YORK (MarketWatch) - Citigroup, the nation’s largest bank by assets, said on Friday that it lost money for the third consecutive quarter after writing down $7.2 billion of investments. The company stated it lost $2.5 billion, or 54 cents a share, compared to a profit of $6.23 billion, or $1.24 a share. On a continuing operations basis, the […] For more visit Source:www.investment-blog.net

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Twitter has indeed acquired Summize, a nifty search engine built specifically to index Twitter posts, TechCrunch reported Tuesday along with a video of Twitter founder Evan Williams speaking about it.

The news follows sporadic rumors that were accompanied by both shaky confirmations and shaky denials. An under-the-radar blogger, Josh Chandler, …

Source [The social]

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Users of Google Docs, the on the web applications for word processing, spreadsheets, and presentations, now have a wide range of templates from which to choose.

Google on Thursday announced the templates, which were created by Google and a number of companies with experience in the business. They have the ability to be browsed and opened through a template gallery that currently has 294 to choose from.

Google Docs users now can use a wide range of templates.

Google Docs users now can use a wide range of templates.

(Credit: Google)

Among the options: wedding planners, business cards, cover letters, screenplays with proper formatting, invoices, loan amortization schedulers, fantasy basketball standings predictor, wedding pic albums, and party invitations.

I personally was excited to see the Sudoku template, was initially disappointed that it looked broken, but then realized much of its interface, including a solution checker, is available through tabs at the bottom of the document. When can we get a Kakuro template?

Some templates, such as the group shared expense report, are explicitly designed to take advantage of the fact that Google Docs can be edited by multiple people, one of the natural advantages the technology has over PC-based editing.

Microsoft has long shipped many templates with its Office suite, and many companies and individuals offer their own on the web, but I see some interesting potential here for some good user-generated content. So far, though, I don’t see any way for people to upload their own templates to the gallery.

Update 12:00 p.m. PDT: Google stated user-generated templates will be an option later. “Eventually, we want to give everyone a way to submit templates so we can capture the broadest set of use cases and let the user-rated favorites bubble to the top. But we don’t have a specific timeline to share at this time,” the company said.

Fore more visit Source: [webware]

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