At least one company benefited from Olympics fans in the United States who tried to circumvent NBC’s television coverage during the London Games. AnchorFree, the Mountain View, Calif.-based startup released data to Reuters on Monday showing a major bump in users who installed a product that gives U.S. users an anonymous IP address in the United Kingdom. Presumably the people who signed up for the product, called ExpatShield, used it to watch BBC’s online streams of the Olympics.
Goldman Sachs' old-school Facebook deal brings a new set of challenges. The bank is raising up to $1.5 billion from clients to invest in the social network while putting in $450 million itself. Like Morgan Stanley's reported deal with online coupon service Groupon, it looks like classic merchant banking. With hot firms in the driver's seat, however, the banks could find themselves in for a wild ride.
“Shitty” is such an under-used word on TV and in the stately halls of Capitol Hill, except today as senators – especially Carl Levin — grilled Goldman Sachs executives on their role in the sub-prime mortgage meltdown. “Shitty” and its second cousin “crappy” are flying all over the place thanks to an e-mail in which Goldman Sachs employees used the phrase “shitty deal.”
YouTube executives and spinmeisters have been pushing back more aggressively at the perception that the video site is a great big drain on Google’s bottomline, probably losing $200 million to $500 million a year by some estimates. These execs say that hundreds of major advertisers are taking spots on YouTube against “hundreds of millions” of video views every week.
We’ve heard in recent days that The New York Times has gotten some interest in its stake in the Boston Red Sox, but it seems like whatever offers are being discussed, they must not be enough for the publisher.