Twitter’s first public earnings report offered mixed results. Revenue jumped 116 percent from last year to $243 million, but recorded a net loss of $511 million. The number of new users it was signing up also slowed substantially. [Los Angeles Times]
Google confirmed that Susan Wojcicki is the new CEO of YouTube. She was previously the senior VP of ads and commerce for the search giant. [Variety]
Sony is dropping its Vaio computers unit as it shifts its focus to making TVs. [Recode]
You couldn’t stop watching that Budweiser puppy commercial on YouTube last week. It racked up more than 30 million views in a week. [AdWeek]
Kids were trolling @NYCSchools for not canceling class yesterday. [Daily Dot]
Former OMGPOP CEO Dan Porter is bouncing back. He’s reportedly partnering with Hollywood super agent Ari Emanuel to create a mobile entertainment startup. [Business Insider]
Layoffs are expected to hit Aol’s Patch unit today. [AllThingsD]
Square’s spacious new San Francisco headquarters supposedly has the city’s largest roof deck. [Wired]
Sony received the greenlight to stream Viacom channels on its new Internet TV service. [New York Times]
Birchbox’s ecommerce sales are on track to triple this year and it has no plans to raise additional funding. [TechCrunch]
Sony Needs to Work On Keeping Secrets Although Sony is still only referring to it as the, “future of Playstation,” everyone knows that tonight’s press conference at the Hammerstein Ballroom in New York City will be for the reveal of Sony’s Playstation 4, codenamed Orbis. An image of the next generation system’s controller was Read More
Eventually, everything will be hacked. That feels like the takeaway from the revelation that enterprising hackers have ganked late music superstar Michael Jackson’s back catalog–over 50,000 files. It appears to be the hacking equivalent of a major bank heist if you factor in the amount paid to Jackson’s estate when the catalogue was purchased 2 years ago:
Obvious Engine’s augmented reality technology works without those funny bar codes [The Verge]
Silicon Valley startup Nicira, which raised $50 million last year, opened to the public today and announces impressive customer list including AT&T, Fidelity and eBay [Business Insider]
Ten-thousand tweets per second in the final three minutes of the Super Bowl [TechCrunch]
Sony and Panasonic expect heavy losses [Business Week]
Surprise, surprise, Facebook still has deleted photos on its servers after three years [Ars Technica]
Ouhhhhhh, burn. People in SOPA-supporting Hollywood giants should stop throwing stones. Using a new site called You Have Downloaded, a Russian-based service that says it tracks about 20 percent of all public BitTorrent downloads, the fine folks at TorrentFreak took a look at IP addresses at entertainment conglomerates likes Sony Pictures Entertainment, Fox Entertainment and NBC Universal to see “whether these companies hold themselves to the same standards they demand of others.”
As you might expect, that’s a giant negative.
There seems to be an uptick in cybercrime lately, no? Some 200,000 Citibank customers had their accounts hacked at the beginning of May and are just finding out about it now, Reuters reports. Sony similarly dragged its feet when hackers gained access to an astonishing 77 million accounts in April and the company waited more than a week to tell customers their data had been compromised. The hackers got access to names, emails, account numbers and passwords, customers were notified this weekend, and Citibank has replaced cards for compromised accounts.
“Citigroup joins Google and Sony in victims club,” says the headline in the International Business Times. We have a Citibank card. Can we be in the victim’s club too?
Today we learned security breaches are costly! After a glorious IPO, LinkedIn’s stock value dropped more than 7.2 percent when a blogger in India discovered that user accounts are relatively easy to hack; Sony’s stock has suffered lately due to the earthquake in Japan and a string of embarrasing hacks. Read More
When there is a group of hackers who call themselves Anonymous and have no centralized membership criteria other than remaining anonymous, it is tempting to try to blame a massive security breach on them.
It is even more tempting when they took responsibility for an earlier security breach that made massive amounts of customer information. Oh, and when they admitted to attack your web site, a few weeks prior to the criminal hack.
Yesterday Sony told Congress they would not be able to show up to answer questions about data security, as they were too busy dealing with, yup, another attack that compromised 12,700 credit card accounts.