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LinkedIn Escapes US$5 million Class Action Lawsuit over Data Breach

A $5 million class action lawsuit over LinkedIn data breach dismissed.  A US judge ruled:  Any damage done to LinkedIn users over the massive June 2012 data breach was abstract, not actual.  Thus did a $5 million class-action lawsuit against the networking site get dismissed, before the case ever breathed the air of a court trial.   The breach resulted in the compromise of 6.5 ... Read More »

LinkedIn Q4 Revenue Growth Up 44%

LinkedIn reported revenue for the fourth quarter of $643 million, an increase of 44% compared to $447 million in the fourth quarter of 2013. Total revenue in 2014 was $2,219 million, an increase of 45% compared to $1,529 million in 2013. Net income attributable to common stockholders for the fourth quarter was $3 million, compared to net income of $4 ... Read More »

Bürgel Launches Manager Network Powered by Axon Insight

Germany based Bürgel announced the launch of BÜRGEL MANAGER NETWORK powered by Axon Insight.  For companies the Bürgel Manager network is a Web-based service, which provides a graphic illustration of how top-decision makers are linked with their own top contacts. Essentially the new service answers questions such as:  Who is conductiong business with whom and how are they networked?  Do ... Read More »

Outsell Signature Event “ConvergenceNOW” a Great Success

BIIA extends its compliments to Anthea Stratigos, CEO and Co-founder of Outsell, and her team for producing an outstanding industry event “ConvergenceNOW!”  The event, which was co-produced with the Jordan, Edmiston Group, Inc. (JEGI), took place in the historic town of Versailles outside Paris.  Over twenty presenters covered a wide range of key topics on the convergence of content, technology, ... Read More »

SINA Q1 2014 Revenues Up 36%

SINA Corporation (the “Company” or “SINA”) (NASDAQ GS: SINA), a leading Internet media company serving China and the global Chinese communities, announced net revenues increased 36% year over year to $171.5 million.  Non-GAAP net revenues increased 38% year over year to$167.3 million, exceeding the Company’s guidance between $162.0 million and $167.0 million. Advertising revenue grew 44% year over year to $135.7 million, reaching the high-end ... Read More »

Tips for Building a Successful Enterprise Social Network

Enterprise social networks allow organizations to harness their collective “social intelligence.” Social network intelligence is the information that helps locate relevant expertise, furthers collaboration efforts, and finds important relationships that can be leveraged to help close deals, among other benefits. Knowledge that once might have been overlooked or lost is captured and applied to develop powerful new innovations. The layer ... Read More »

SINA Q1 2014 Revenue Up 36%

SINA Corporation announced preliminary selected unaudited financial results for the fiscal quarter ended March 31, 2014.  The preliminary results are subject to change as the Company is still in the process of finalizing the financial results for the quarter. For the first quarter of 2014, the Company now estimates its preliminary unaudited financial results to be as follows:  Total net revenues* ... Read More »

Facebook Q1 2014 Revenues Up 72%

Facebook just released its earnings for the first quarter, with revenue of $2.50 billion, up 72% year-over-year.  Revenue from advertising was $2.27 billion, up 82% over that time. Daily active users were 802 million as of last month, up of 21% year-over-year. That’s 609 million on mobile (up 43%). Monthly active users were1.28 billion as of the end of March, ... Read More »

Sina Weibo IPO

Sina Weibo’s shares jumped 19 percent in its first day of trade on Wall Street.    Ahead of its debut on the Nasdaq stock exchange, China’s Twitter equivalent Sina Weibo sold 16.8 million US depository shares at $17 (12.3 euros) each, raising $258.6 million. The IPO was less than the company had hoped for, however once the bell rang Thursday, a ... Read More »

Facebook to Acquire WatsApp for $19bn

Facebook has agreed to buy the mobile messaging company WhatsApp for $19bn (£11.4bn), the social network has announced.  The company said in a statement that it would pay $4bn (£2.4bn) in cash and $15bn (£9bn) in Facebook shares as part of the deal. The app’s founders and employees will get $3bn (£1.8bn) of the shares as restricted stock that will ... Read More »

LinkedIn Q4 Revenues Up 47% – Full Year Up 57%

LinkedIn Corporation (NYSE:LNKD), the world’s largest professional network on the Internet, with approximately 277 million members, reported quarterly revenue for the fourth quarter was $447.2 million, an increase of 47% compared to $303.6 million in the fourth quarter of 2012.  Net income for the fourth quarter was $3.8 million, compared to net income of $11.5 million for the fourth quarter of ... Read More »

Microsoft invests US$15 million in Foursquare

Microsoft has made a modest investment in Foursquare, with the social network announcing a US$15 million injection.  According to the Wall Street Journal Foursquare CEO Dennis Crowley, Microsoft also signed a “multi-year contract to license Foursquare data in services such as its mobile operating system and Bing search engine.”  Microsoft is said to be Foursquare’s single biggest source of revenue.  ... Read More »