News Byte

Microsoft Puts Its Blog Service on Automattic Pilot

Discretion being the better part of valor, Microsoft has chosen not to engage in the blog-platform battle and will instead send the 30 million users of Windows Live Spaces on a mass migration to Automattic’s WordPress.com. If they all make the journey during the six-month transition, the partnership announced today will more than double the current WordPress user base of 26 million (this site among them).

Zuckerberg: Facebook Will Hit One Billion Users (One Day)

Facebook just reached 500 million users, but it is going to double that number sooner or later. In the meantime, CEO Mark Zuckerberg says, the social network has four remaining countries to conquer. Look out, Russia!

Foursquare’s Next Move: A Big Funding Round

Start-up-of-the-moment Foursquare has lots of buzz, a rapidly growing user base and a triumphant tour of South by Southwest under its belt. Next task: Raising a pile of money. Sources tell me that the mobile social network, which lets you tell your friends where you are, is lining up a new round of financing to bolster the $1.35 million it raised last August.

Twitter Still Attracting New Users, Phishers

Twitter’s astonishing growth doesn’t just generate awe and giant valuations, it attracts scammers who want to prey on the service’s ever-expanding user base. The most recent example: A new wave of phishing attacks.

Spotify Expands Its Reach, but Still Can’t Get to the U.S.

Another expansion for Spotify, the much hyped European streaming music service: It’s now going to be available on Nokia phones and other handsets that run the Symbian platform. That’s good, because the service is supposed to work best as a mobile play. But Spotify has yet to make a key expansion: To the U.S., where the big music labels worry that consumers will love everything about the site except paying for it.
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Microsoft Says It’s Done Buying Search. Writing Big Checks for Search? Different Story.

Steve Ballmer says he doesn’t expect to do much search-related M&A, which makes sense since there’s little left to buy. But he may be willing to pay for search. Ask AOL.
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Good News, T. Rowe Price! Twitter Users Really, Really Love Ads.

Good news (potentially) for T. Rowe Price and the other investors plowing $100 million into the revenue-free start-up: The service’s users absolutely love clicking on ads, says a new study.
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Facebook: We're Big, Independent and Cash-Flow Positive

In August 2008, Facebook claimed 100 million monthly active users worldwide. By April 2009, the social networking outfit doubled that number. In July, it reached 250 million monthly active users. And now, two months later, Facebook has passed 300 million. But more important: Facebook is cash-flow positive.
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Facebook: We’re Big, Independent and Cash-Flow Positive

In August 2008, Facebook claimed 100 million monthly active users worldwide. By April 2009, the social networking outfit doubled that number. In July, it reached 250 million monthly active users. And now, two months later, Facebook has passed 300 million. But more important: Facebook is cash-flow positive.
facebook-godzilla

$100 Off and PS3 Is Still the Most Expensive Console on the Market

The PlayStation 3 price cut is a rumor no longer. Hoping to bolster sales in advance of the holiday shopping season, Sony Tuesday announced a new slimmer verison of the game console and slashed $100 off its price.
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MySpace Boots Pervs