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Snowed in

2nd February 2009

Broadband more rubber band

Peter Mandeloson BERR

Peter behind a Digital UK - time to speed it up!

Today with much of the UK at standstill and many people using that well worn phrase ‘Working from home’ how many really will be working?  Broadband speeds in the villages and small towns are still far slower than that of our European friends and today I really understood how that feels. Yes I am working from home and today I have just 130Kps which is ridiculous and enables me to pick up an email every 10 minutes of so!

 

The Governments latest report on the UK in the digital age (http://www.culture.gov.uk/what_we_do/broadcasting/5631.aspx) outlines the plans and if implemented the UK will be on the crest of a wave (excuse the pun). But as ever the ‘how’ bit is a little slim.

 

What is for sure that social networking in all its forms from Facebook and Twitter, to blogs and corporate networks we must all continue to broaden our minds and broaden our broadband.

 

Here are just a few of the machinations of the Social Networking world over the last 6 months:

                         

Social media start-ups continue to attract funding and VC money, despite financial doom and gloom and recessionary fears.

                         

Twitter is reportedly on the brink of integrating search into its home page. Finding relevant information for companies is thought to be a potential route to monetising the microblogging service.

 

At the end of 2008, European business social network, Xing, acquired New York-based socialmedia, for a reported $7.5 million.

 

In October 2008, financial services blog, Bankaholic, was purchased by financial information portal, BankRate for $14.9 million.

 

In 2008, AOL bought Bebo for $850 million, as part of its international expansion strategy. AOL also acquired social networking site SocialThing in 2008 in a $10 million deal.

 

In July 2008, Twitter acquired search utility, Summize. Tech gossip blog, Silicon Alley, valued the acquisition at an estimated $15 million.

 

With mobile social networking predicted to be the “next big thing,” Vodafone acquired mobile social networking tool, Zyb in the early part of 2008, in a €31.5 million deal.

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