Jed Stremel latest executive to leave Facebook
Facebook has lost another senior executive.
This time it’s Jed Stremel who was the Facebook’s Director of Mobile.
He has been working at Facebook for the last four years.
Facebook has not yet commented on his departure.
Facebook recently lost another executive Josh Elman to Twitter.
Mark Zuckerberg is worth around USD 2 billion!
As per the latest report by the Forbes Magazine, Facebook founder Mark Zuckerberg is worth around USD 2 billion.
At 25, he is the youngest billionaire on the list.
He was worth around USD 1.5 billion as per the same list last year.
Zuckerberg is [...]
Aber Whitcomb leaving MySpace
US based social networking company MySpace has revealed that Aber Whitcomb is leaving the company in the near future.
Aber Whitcomb is currently the CTO and also one of the co-founders of MySpace.
He would be replaced by MySpace Music’s current CTO Alex Maghen.
With this, most of the original guys [...]
GM to end eBay program this month
US based automaker GM has revealed that their trial program to sell vehicles online through eBay Motors would end this month.
The company said that the program has been a success and they are pretty satisfied with the experiment.
GM now plans to use the experience in improving [...]
Nokia acquires Plum Ventures
Mobile phone manufacturer Nokia has announced that they are now acquiring Plum Ventures.
Plum Ventures is a social media firm based in the United States.
Nokia did not reveal the financial aspects of this new acquisition.
Nokia revealed little but did say that they would integrate Plum’s technologies into their own social [...]
iLike could be acquired by MySpace
TechCrunch is reporting that MySpace is close to announcing that they are acquiring the web based service iLike.
This Seattle based music company has been acquired by the social networking giant for around USD 20 million.
This acquisition deal if true could become a PR headache for Facebook.
iLike is [...]
MySpace announces a major job cut
Rumours were true. MySpace has announced that they are cutting its staff by 30 percent.
The aim is to cut costs as it struggles to compete with rivals like Facebook and even Twitter.
After this cut, the company would end up with just around 1000 employees. Still a large number [...]
FriendFinder Networks files for an IPO
FriendFinder Networks is behind a popular social network and the publisher of Penthouse adult magazine.
The company has now filed for a $460 million initial public offering.
They are going to use the funds generated from this IPO to pay off debt as per their filing with the U.S. Securities and Exchange [...]
LinkedIn gets a new Chief Executive Officer
LinkedIn has announced that they are now changing their CEO.
Reid Hoffman is the new CEO of the business social networking company.
He takes over from Dan Nye.
The company has also named Jeff Weiner, a former Yahoo executive vice president as their interim president.
LinkedIn said that these changes were [...]
LinkedIn gets a senior Google executive
Dipchand “Deep” Nishar is going to leave the search engine giant Google to join professional social networking company LinkedIn.
He would become the vice president of products for LinkedIn.
He has been working as the Google’s senior director of products, Asia-Pacific.
Google spoke about Nishar: “We’re grateful for Deep’s contributions over the last [...]
