Online Universities are benefiting from the rising cost of tuition and student loans and shrinking endowments, according to stats revealed by HitWise. User traffic to online universities has increased 43% over the same time last year as compared to a 22% decline in visits to the websites of Physical campus based Universities.
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ABC Network would be the next Media company to cut on its workforce in a big way, according to Barclays Capital analyst Anthony DiClemente. DiClemente thinks that the current cuts made by media organizations are a signal that much more of the same would be coming our way in the future. In addition to this he holds the line that any media company that hasn’t made significant cuts yet will be doing so very soon. But he didnt stopped there, he has went on to single out Disney’s ABC Network as the most immediate candidate that would undergo layoffs.
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TomTom has launched an online route planner that would allow users to plan their journeys online. The site is currently in beta phase and would be gradually rolled out worldwide. The online planner would serve live traffic data, allowing users to see what routes are blocked or congested – hence tremendously helping them to cut down on journey times, money and fuel.
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Smartfundit, a UK based startup that is working to develop the world’s first online technology finance exchange, has raised GBP3.5 million in venture funding from BayTech Venture Capital, a leading European venture capital firm. The funding will be used to expand globally and speed up the development of the technology exchange. The exchange once operational will allow companies to bid up or sell their services on a global exchange.
Commenting on the announcement, Jude Ngu’Ewodo, General Partner at BayTech, explains: “We quickly realised that the smartfundit online business model is the much needed answer to the many inefficiencies of conventional technology leasing. With over $1 billion in finance requests since inception and a credit approval rate in excess of 80%, the relevance of smartfundit is well established and the company is growing considerably faster than the current market.”
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The launch of of Amazon’s DRM-free MP3 store in UK would most probably trigger a price war not only between Amazon and Apple, but would also affect startups that retail MP3 music in the UK. 7Digital, an MP3 retail startup in UK thinks that Amazon’s entry is a little too late, however TechCrunch UK has differing views:
Ben Drury, CEO 7digital has come out with some some strong views on Amazon’s entry. He calls it “a little late”, although it was only on September 16th that 7digital went fully MP3. But the store is selling high quality 320kps, unlike Amazon’s which are at 256kps quality.
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Cisco and Dell are up for a tough ride as they wont just have to compete against the likes of HP but also against a growing second hand market of their own products, according to a Bloomberg report. The Lquidated technology market is expected to account for 14% of technology sales next year up from 8% this year.
Hundreds of servers, personal computers and routers — some shrink-wrapped, some on pallets, some tossed in a cardboard box to be made into scrap metal — fill the 11,000-square-foot warehouse of Liquid Technology Inc, a company that buys liquidated technology and sells it for pennies on the dollar.
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Boxee, a New York based startup that develops media center software for Macs and Linux boxes, has now announced that their latest software release will include:
- Access to Netflix’s (NFLX) “watch instantly” library of 12,000 movies/TV shows. (If you’re a Netflix subscriber. Won’t work with Apple TV; Boxee says it’s not powerful enough to run Microsoft’s Silverlight plugin.)
- Access to WB shows.
- Access to MTVMusic, MTV’s new music video site.
- Better user interfaces for its Hulu and YouTube sections.
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Firefox has got a new extension called Pirates of the Amazon, that lets users download movies, games, TV shows, and MP3s without paying a penny from Amazon’s product pages. The actual media files reside on the Pirate Bay. Using the extension, a user could search for a movie on Amazon and if its available on the Pirate Bay, it will have a “Download 4 Free” link on top of Amazon’s product page. Clicking the link will directly download the movie to your system from the torrent file. Hard core pirates dont need this extension as they already know their way around this territory, but the extension could greatly enhance the capability of novices to discover pirated content.
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Mobile services are proving out to be recession proof, with good news coming from the mobile sector every now and than. eBuddy, a startup that offers Instant Messaging service to mobile users, has disclosed that their mobile application has been downloaded by more than 10 million people in the past one and a half year. The company reached 5 million downloads in July and ever since that time have seen an acceleration to around 1 million downloads a month. eBuddy is based in Amsterdam and now boosts more than 18 million monthly users, with 3 million of those accessing the services from mobile devices. On the business side the company intends to take the subscription route rather than relying on ads to generate revenues.
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Facebook is rolling back the employee stock sale initiative that it launched in August this year. The plan allowed employees to sell a small amount of their shares – no more than $900,000 or 10 percent of their stock holdings, whichever was less. According to an email sent by Zuckerberg to employees:
“I’m writing this note to let you know some bad news. Despite a lot of work, we have not been able to finalize a plan for the employee stock sale we announced in August.”
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