facebook-bigFacebook has created an initiative—Internet.org—to bring internet connectivity to the poor and underserved, recruiting a number of telecoms industry vendors as partners. But while the new group cites the importance of mobile operators in bringing connectivity to the unconnected, there are none among the founders.
There’s plenty of stuff in this world the Informer doesn’t understand and how companies that make no money can rake it in from a stock market floatation is one of them. The Twitter founders buzzed the bell at the New York Stock Exchange on Thursday and released 70 million shares to the frenzied masses. Despite opening at $26, the market closed at almost $45, with the company reflecting a market value of more than $31bn. The company’s valuation ahead of the IPO was closer to $17bn.
Social media giant Facebook has acquired Onavo, an Israeli-based startup that specialises in mobile data compression technologies, for an undisclosed sum. The company says the move will bolster its efforts to make the internet more efficient and affordable and strengthen its mobile ad platform.
Mobile advertising delivered 41 per cent of Facebook’s total $1.6bn ad revenue for the second quarter of 2013, prompting CEO Mark Zuckerberg to say that the work done to make Facebook a mobile company is paying off.
The boards of the world’s ten largest operators are dominated by executives with legal, financial and engineering backgrounds, resulting in a conservative culture that “struggles to drive and nurture innovation”, according to recruitment consultancy European Leaders.
Yahoo continued its acquisition spree on Tuesday, jumping on the micro video bandwagon with the acquisition of Qwiki. The US startup has iPad and iPhone tools that turn a user’s photos and videos into short movie montages.
The Informer spent much of this week in sunny Amsterdam, basking in the glow of the world’s most advanced LTE networks, as early adopters and keen followers shot the breeze at LTE World Summit. What was interesting, was that the talk on the conference floor was all very heavy and technical, compared to the usual marketing gloss and business-case chat the Informer is used to hearing. Still, whereas the problems highlighted at those kind of gatherings are often identified as technical, the guys responsible for the technology were this time pointing the finger at commercial issues.
It has been alleged by the Guardian newspaper that the US National Security Agency (NSA) has direct access to the systems of Google, Facebook, Apple and other US internet players. The access is reportedly part of a broader programme, called PRISM, which allows the agency to collect search history, email contents, file transfers and live chats of internet users.
The Tunisian subsidiary of Qatari operator group Ooredoo, Tunisiana, believes it has found a way to entice users in emerging markets into increasing their reliance on mobile data services. The operator said it saw the popularity of social networking site Facebook on fixed line networks in the country, and devised a tariff to cater to mobile users.
Don’t take this the wrong way but the Informer is sure some of the regular readers of AWIW are familiar with Peter Molyneux. As a youngster the Informer whiled away many hours himself on games such as Populous, Dungeon Keeper, Black & White and Fable, all of which were brainchildren of Molyneux.
Social networking site Facebook has seen a rise in revenue and profit year on year in the first quarter of 2013. The firm revealed that mobile advertising revenue represented 30 per cent of all advertising revenue for the quarter compared with 23 per cent in 4Q12.
Ahead of the anticipated launch of a Facebook-branded smartphone on Thursday, one industry analyst has warned of the increasing disruption that the social network could bring to the mobile communications industry. In a research note issued Tuesday, Strand Consult said that “companies such as Facebook are rendering mobile operators into dumb pipes [and] all smartphones into dumb terminals.”
At midnight tonight the world’s biggest party will kick off, as more than one billion Chinese people take to the streets to celebrate the Chinese New Year. 2013 is the year of the water snake which is a totem that symbolises wisdom. It’s also the year that Telecoms.com tapped into the industry’s wisdom for its first annual industry survey and gathered almost 2,000 responses.
What was striking about the results is just how much the responses from operator personnel (600 individuals from 260 separate opcos) matched those of their peers across the wider industry, even when looking at contentious issues like roaming and regulation. Does this mean the industry has aligned in the face of threat from external players? After all, the snake is an adaptable creature renowned for its ability to sneak into other environments.
Facebook is well on-track to generate revenues of over $1bn from mobile advertising in 2013. Looking at the company’s financial performance for the last two quarters, Informa Telecoms & Media predicts that Facebook alone could take around ten per cent share of the global mobile advertising revenues in 2013. The global mobile advertising market is forecast to generate revenues of $12.8bn in 2013, according to the latest research published by Informa Telecoms & Media.
Nicola D’Elia, Growth Manager Africa, Facebook, talks to telecoms.com at AfricaCom 2012 about growing the social network’s presence in Africa.
An organisation founded in 2010 to define the future of Linux on low power mobile chips from ARM has won support from social networking giant Facebook.
Social networking site Facebook has posted a $59m net loss for 3Q12, which it has attributed to high taxation. The loss was made despite revenue increasing by 32 per cent year on year from $954m to $1.26bn, as the firm stepped up its efforts in mobile advertising.
Italian carrier Wind this week introduced a Facebook application that enables its prepay customers to top up their credit directly through the social networking platform.
Social networking giant Facebook this week opened its first engineering centre outside of the US. A team of around 20 employees will be based in Facebook’s Covent Garden office in London, which to date has only housed advertising, sales, support and public affairs staff.
Concerns about Facebook’s ability to monetize its growing mobile traffic have resurfaced following its first earnings report since its IPO in May. The social media giant posted a 2Q12 loss of $157m, sending its stock price tumbling to $24 a share – which means its shares are now trading at two-thirds of the value they sold for during the IPO.