Australian BitCoin holders with accounts with Japanese-based BitCoin exchange Mt. Gox will no longer be able to deposit and withdraw cash in Australian Dollars from June 15 through Technocash, after its local money-transfer partner was linked to one of the biggest global money laundering schemes.
According to anonymous sources talking to AllThingsD, Yahoo is rumoured to be negotiating a deal for either a strategic alliance, a small investment in the company, or even a complete buyout of the blogging platform Tumblr – all because they want to become “cool again”.
Image: Mark Pegrum/OzMark17 via Flickr (Creative Commons)
Adobe, Apple and Microsoft faced the IT pricing inquiry today, after they were subpoenaed to face the committee after they were stonewalling proceedings. It has been a really long day, and so we’ve decided to condense everything down into this little handy post. Think of it as your TL;DR version of the entire event.
For those in online business, accepting Credit Cards can be be a costly and long process. With all the paperwork, checks and hoops you need to go through, it almost seems not worth it. However, an Australian start-up is determined to change that. Round will offer a very similar service to Stripe, a US payment processor.
Well, that was anticlimactic. The event Click Frenzy, which has been touted as Australia’s version of the Cyber Monday event across online retail, has become a disaster. After the 7pm start, the entire website manage to crash and other retailers are feeling the strain.
Tomorrow, several Australian online retailers are partnering up in order to create a “Cyber Monday”-style event. Called Click Frenzy, for the next 24 hours from Tuesday, November 20 at 7:00pm AEDT many online retailers will be putting up special deals. But how big or little the deals are, well that’s a different story.
Consumer electronics retailer Dick Smith Electronics has a brand new owner in a deal worth $20 million after Woolworths has announced that it will be leaving the consumer electronics business in Australia, New Zealand and India.
Early investors of deals website Groupon are reportedly jumping ship as the company struggles with a plummeting share price and is now worth a quarter of what it launched its IPO back in November, according to the Wall Street Journal.
Motorola will be sacking 20 percent of its global workforce – or 4,000 employees – as Google tries to bring the struggling Android manufacturer to profitability, after purchasing it for US$12.5 billion last year mainly because of its patents.
Image: Magnus Hoij/Flickr (Creative Commons)
In a shock announcement, Google’s Marrissa Mayer is officially Yahoo’s new chief executive officer and president. She will start work tomorrow, leaving her role as Google’s Vice President of Search and User Experience, where she was in charge of services like Google Maps and Google Earth.
Meebo has just posted on their company blog that they’ve been acquired by the big G. While the rumours of the acquisition have been around for a few weeks, with All Things D reporting on the acquisition back in May for $100m, it’s the first time that its been made official, obviously. The final price is also still unknown, but here is the script from the blog post which looks like it’s down at the moment:
Image: Tom Solari/TECHGEEK.com.au
Get ready for another big acquisition from Facebook. The company is rumoured to be discussing with Opera Software to buy the firm, and analysts are saying that a deal could potentially be somewhere in the $1 billion to $1.2 billion range.
On its second day of trading, Facebook’s stock has closed to finish at $34.03, nearly 11 percent down from where it closed and wiped some $19 billion of its market value. Today was its biggest test after its lead underwriter, Morgan Stanley, decided to stop artificially inflating the price – something it is alleged it has done on Friday to make sure it did not fall below $38.
An article of the New York Times has revealed how the board of Yahoo came to a decision over its former-CEO Scott Thompson, who lied about having a computer science degree – which then started a proxy fight.
After opening the trading bell at its headquarters at California, and a 30-minute delay pushing its expected 11:00am launch; Social networking website Facebook has officially become a publicly-traded company at 11:30am New York Time (or 1:30am Melbourne Time) at US$42.05 per share.