Yahoo recently bagged the popular blogging site, Tumblr, in a rather sizable buyout raking in more than a billion dollars. The buyout has been criticized by many, although Yahoo has vowed to keep Tumblr as awesome as it has been. According to reports, Tumblr’s Creative Director has now decided to quit the company.
One of the annoying things while travelling from one part of the world to the other is undoubtedly the timing. To overcome the timing issue, earlier we have seen researchers making a hypersonic aircraft that they believed could travel from New York to London in 1 hour. Recently, a company named Evacuated Tube Transport Technologies (ET3) has planned to make an Evacuated Tube Transport (ETT), a high-speed transportation tube, that could take us from New York (NY) to Los Angeles (LA) in 45 minutes!
A number of companies try to keep their websites and services in check by offering ‘bounty’ on the discovery of new bugs and vulnerabilities. PayPal is also a part of this list, offering rewards for such findings under its ‘Bug Bounty Program.’ However, the company recently refused to pay a teenager after he found a vulnerability in its website.
Liberty reserve, a portal for money transfer, had been under money-laundering investigations for a long while now. The authorities have apparently found evidence that links the website to the said charges, leading to the arrest of Liberty Reserve’s founder.
More than half of world’s population doesn’t use internet. Most of this population is based in developing countries, where there is either no infrastructure to access internet or the populace, at large, simply can’t afford it. Google now intends to remedy it by aiding in the development of wireless networks in emerging markets.
Yahoo seems to be on a buying frenzy. After the $1.1 billion acquisition offer to Tumblr, the ailing internet company has bid for video site Hulu.
The case of Apple’s alleged involvement in joining hands with e-book publishers to increase the prices has dragged on for a while. In a pre-trial hearing of the case, a judge has cited her views that the U.S. Justice Department has adequate proof which implicates Apple in the said charge.
VKontakte is a social network based in Russia and is among the most popular social media sites all over Europe. Especially in Russia, VKontakte effectively replaces Facebook as the top social network website. Recently, VKontakte got banned in Russia over what the authorities claimed to be a ‘mistake’. Access to the site was restored briefly.