Facebook signaled an increased interest in deals, poaching a member of Google’s corporate development team to lead its fledgling merger and acquisition efforts and underscoring the rivalry between the social networking company and the search engine giant.
Hundreds of people across the U.S. lined up to get their hands on Apple’s iPad 2, the update to last year’s wildly popular tablet computer. If you’re wondering how much the iPad 2 could cost you, Michael Hickins of The Walls Street Journal adds up the tab and discovers you could easily spend $300 on top of the $499 price tag for the cheapest model. Tablet sales are expected to surge to more than 50 million units this year, with Apple capturing more than 70 percent of the market.
AOL cut more than 900 jobs around the world today — 20 percent of its staff — and India took a pretty tough cut from the axe: 400 jobs, according to several sources, and 300 contractors, according to another source. The nice thing for Reuters is that we have a big bureau in Bangalore, not too far from AOL, and plenty of our people know other people there and were able to get important details about the job cuts.
Fresh off a recent $9.6 million funding round, Cooliris is launching a new app that aims to re-invent the old-fashioned product catalog for the iPad generation.
Think the search engine wars are over? They’ve only just begun.
The fight isn’t over who’s the most popular anymore. Google has that sown up for now with a nearly 90 percent share, according to what StatCounter published last week. Microsoft’s Bing Yahoo account for an anemic 8 percent worldwide.
Another high-level AOL executive is heading for the exit door after the company shifted its content strategy again with the $315 million acquisitionof the Huffington Post. David Eun (pictured left), the ex-Googler recruited by AOL Chief Executive Tim Armstrong to be president of AOL media and studios, is leaving. Eun is a causality of the Huff Po purchase that put the charismatic high profile founder Arianna Huffington in charge of AOL’s content.