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U.S. Internet Speed Slow Compared To Other Countries

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July 25, 2013
Susan Crawford
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Compared with other tech-savvy nations, Internet service in the U.S. is overpriced and slow. According to a “State of the Internet” report recently put out by content delivery network Akamai, U.S. service is becoming even slower.

The U.S. now has the ninth-fastest average Internet connection speed in the world, behind South Korea, Japan, Hong Kong, Switzerland, the Netherlands, Latvia, the Czech Republic and Sweden. That’s a fall in the rankings: In the last Akamai report, the U.S. was eighth, with faster average connection speeds than Sweden.

The Fifth Estate [trailer]

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July 17, 2013
GWOP
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A dramatic thriller based on real events, THE FIFTH ESTATE reveals the quest to expose the deceptions and corruptions of power that turned an Internet upstart into the 21st century’s most fiercely debated organization.

Mobile Payments to Top $1 Billion in 2013

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July 11, 2013
GWOP
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Mobile-payments

An eMarketer report predicts that mobile payments in the United States will break the $1 billion barrier this year and then hit $58 billion by 2017.

The eMarketer study defines such payments as “transactions for goods or services made by scanning, tapping, swiping or checking in with a mobile phone at the point of sale.” They differ from mobile commerce, which is defined as purchasing items on a mobile device. The researcher predicts mobile commerce sales will hit $38.4 billion this year.

 

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How to Raise Money for Your Start Up Idea [illustration]

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June 30, 2013
GWOP
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Google Close to Buying Waze for $1.3 Billion

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June 9, 2013
GWOP
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Waze-app4

Google is set to acquire much sought-after Israeli navigation app startup Waze, after the two companies agreed in principle to most term, including a price tag exceeding $1.3 billion in cash, sources said Sunday.

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DirecTV, Two Others Bid Over $1 Billion For Hulu

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June 1, 2013
GWOP
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File:Hulu logo.svg

Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu according to sources.

The Hulu service has more than 4 million subscribers and generates revenue of about $700 million through subscriptions and a free ad-supported service.

Hulu offers ad-supported on-demand streaming video of TV shows, movies, webisodes and other new media, trailers, clips, and behind-the-scenes footage from NBC, Fox, ABC, TBS, and many other networks and studios.

Chicago Suntimes Lays Off Entire Photo Staff

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May 30, 2013
GWOP
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Chicago-sun-times

Reports are emerging that the The Chicago Sun-Times has laid off its entire photo staff.

According to The Chicago Tribune, 20 full-time staffers in the photo department received layoff notices Thursday. In a statement shared with its chief competitor, the Sun-Times said it was looking to shift more resources to video and other multimedia elements:

“The Sun-Times business is changing rapidly and our audiences are consistently seeking more video content with their news. We have made great progress in meeting this demand and are focused on bolstering our reporting capabilities with video and other multimedia elements. The Chicago Sun-Times continues to evolve with our digitally savvy customers, and as a result, we have had to restructure the way we manage multimedia, including photography, across the network.” Read More

WordPress Is 10 Years Old Today

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May 27, 2013
GWOP
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WordPress is 10 years old today. Here is how wordpress is used around the world.

WordPress, the blogging and content management system, is 10-years old today. The platform has evolved in the past decade from being a basic blogging service to a news and media platform for major brand names and businesses around the world.

Started by Matt Mullenweg and Mike Little, WordPress is an open source service where anyone can make modifications to the code to improve their blog and make it something that works for them.

Bloggers who use WordPress are able to apply design themes to their sites while also integrating third-party plugins easily. Since it’s open source software, there isn’t a need for an approval process before someone can implement a new feature.  GWOP Magazine, CNN, TechCrunch, Mashable, Dow Jones, UPS, TED, BOSSIP, RAPRADAR all use a wordpress platform to get the message across for their business.

“Thanks Matt and Mike for creating wordpress.  Without you there would be no GWOP Magazine”

-GWOP Staff

Xbox One Reveal [trailer]

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May 22, 2013
GWOP
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Xbox One Conference 2013: Here’s the opening sizzle trailer for the Xbox One reveal, taken from the Xbox One Conference 2013.

Steven Spielberg to Produce Live-Action ‘Halo’ TV Series

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May 21, 2013
Stephen Spielberg
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Steven Spielberg (2013)

In addition to unveiling its new Xbox One entertainment console, Microsoft also used its presentation to announce the transfer of popular video game Halo into a television series.

Steven Spielberg is on board to executive produce the live-action Halo TV series, Microsoft announced Tuesday. The series will include exclusive interactive Xbox One content that is created in partnership with 343 Industries and Xbox Entertainment Studios.

Halo is a multibillion-dollar video game franchise. The first-person shooter centers on a fight for humankind against an alliance of aliens.

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Yahoo Buys Tumblr For $1.1 Billion

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May 20, 2013
david karp
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A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb May 20, 2013. REUTERS/Antonio Bronic

Yahoo Inc is acquiring blogging service Tumblr for $1.1 billion cash.

The deal will use about 1/5 of Yahoo’s $5.4 billion in cash and marketable securities.

“Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business,” Yahoo said in a statement on Monday.

Yahoo Buys Tumblr

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Yahoo Wants To Buy Tumblr For $1 Billion

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May 19, 2013
david karp, GWOP
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Yahoo CEO Marissa Mayer has been meeting with top Tumblr executives, including Tumblr CEO David Karp. The rumors of a potential acquisition come after Yahoo CFO Ken Goldman spoke at JP Morgan’s Global Technology conference about the need for the company to attract the 18-to-24-year-old demographic in an effort to make Yahoo “cool again.”

Tumblr is a micro-blogging platform that has grown in popularity over recent years, hosting blogs that have gone on to become or create extremely popular memes.

The potential acquisition would be Mayer’s biggest move since becoming Yahoo CEO in July. Since taking the reins, Mayer has revamped the Yahoo homepage along with Yahoo Mail, and spent millions on smaller acquisitions, including a $30 million purchase of Summly, a mobile news app created by a 17-year-old British developer.

The reported $1 billion price tag for Tumblr would be one of the biggest acquisition deals in tech history. By comparison, Facebook bought photo-sharing service Instagram for $1 billion, but due to Facebook’s stock troubles, the final price Facebook paid was $741 million.