Archive for July, 2010

Facebook logs 500 million users and reaches a new milestone

Facebook announced Wednesday morning it has reached its 500 millionth member. Due to privacy constraints, we won’t know exactly who that is, or where; and there’s no prize waiting for him or her. The site, which launched in 2004, has gained around 100 million new users in the last six months. Nonetheless, those numbers generate [...]

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Kindle ebooks sales boost – and outsell hardcover books

According to Mashable “Amazon: Kindle Books Now Outselling Hardcovers”. Fact and figures. “Over the past three months”, according to an Amazon statement, “for every 100 hardcover books Amazon.com has sold, it has sold 143 Kindle books. Over the past month, for every 100 hardcover books Amazon.com has sold, it has sold 180 Kindle books.”. This [...]

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U2′s Bono through Elevation Partner private equity said to raise Facebook stake with US$ 120 million

U2′s leader Bono Vox keeps on investing in Facebook According to the technology blog TechCrunch, Elevation Partners, the private equity firm backed by bad-backed U2 frontman Bono, has stumped up $120m for just over 0.5 per cent of Facebook. The deal values the dominant social network at $23bn, and takes Elevation Partners’ total stake to [...]

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