Tag: Tech (11-20 of 163)

Nov 14 2011 10:37 AM ET

Diaspora co-founder Ilya Zhitomirskiy is dead at 22

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Ilya-Zhitomirskiy

Image Credit: blog

Ilya Zhitomirskiy, one of the founding members of the social networking site Diaspora, has passed away at the age of 22. According to the International Business Times, the company confirmed that Zhitomirskiy has died, though the cause and date of his passing have not yet been reported. IBC writes that Zhitomirskiy, along with Dan Grippi, Maxwell Zalsberg and Raphael Sofaer, created Diaspora out of growing dissatisfaction with Facebook and wanted to create “a social network that didn’t force people to surrender their privacy.” (Facebook founder Mark Zuckerberg helped contribute to Diaspora’s website fundraising, and said of the up-start, “I think it’s a cool idea.”) Zhitomirskiy’s profile on Diaspora reads, “Ilya is a Russian. He is super passionate about building a world of hacker spaces, maker culture, sharing, cycling, and life satisfaction.”

Oct 25 2011 05:20 PM ET

Netflix stock plunges 28 percent on dismal quarterly report

Tags: , Movies

(UPDATE: The L.A. Times reports Netflix’s stock has fallen 35 percent, and Goldman Sachs has cut its shares to sell.) Netflix jolted its shareholders again with a third-quarter financial report that portrayed a company in crisis. The video subscription service’s latest blooper reel, released Monday, included an even larger customer exodus than the company had foreseen after announcing an unpopular price increase in July. What’s worse, the report contained a forecast calling for more defections during the next few months.

The backlash will deprive Netflix Inc. of some of the revenue that management had been counting on to finance the company’s expansion plans while it pays higher fees for Internet video streaming rights. The result: Netflix expects to post losses next year when it starts selling its streaming service in Britain and Ireland. The company didn’t offer further specifics besides saying it won’t go into any other overseas markets until it’s making money again. READ FULL STORY »

Oct 19 2011 08:53 AM ET

Google unveils Android's new 'Ice Cream Sandwich' OS

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Samsung Electronics unveiled its newest Galaxy Nexus smartphone Wednesday, the first to use the latest version of Google’s Android operating system. The new phone is seen as the Samsung-Google partnership’s answer to Apple’s iPhone 4S, which in less than a week on the market has already sold more than 4 million units.

At a glitzy unveiling in Hong Kong, Google executive Andy Rubin said Android’s latest “Ice Cream Sandwich” operating system demonstrates innovation “that works on phones and tablets and everything in between.”

Rubin said features like Android Beam and Face Unlock showcased Ice Cream Sandwich’s capabilities. Android Beam allows transfer of data between two smartphones by holding them together, while Face Unlock uses facial recognition technology to activate smartphones, rather than conventional passwords. However, during a demonstration at the Hong Kong unveiling, the Face Unlock feature failed to activate the Galaxy Nexus. READ FULL STORY »

Oct 6 2011 01:31 PM ET

Apple stock holds steady after Steve Jobs' death

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When Steve Jobs stepped down from his day-to-day role as Apple’s chief in August, the stock price sank more than 5 percent in after-hours trading… but quickly rebounded once the American markets officially opened the next day. In the weeks that followed, the stock prospered as investors decided that the Apple brand was bigger than any one man — even someone as essential as Jobs had been to that brand.

Following the news of Jobs’ passing yesterday, Apple’s stock seemed to be following a similar trajectory. Early trading sent the stock down six points before buyers pushed the price back up. At 1:28 p.m. the stock was sitting at 376.50, just below its closing price yesterday. Most financial experts don’t expect Jobs’ passing to have a huge impact on the stock, as Jobs’ passing was not entirely unexpected and he had left behind what is perceived to be a capable executive team.

Read more:
Steve Jobs dies at age 56
Steve Jobs’ bio moves up release date, sees pre-orders rise
Steve Jobs: Thank Him For…

Oct 5 2011 07:50 PM ET

Apple co-founder Steve Jobs dies at age 56

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Steve-JobsImage Credit: Shaun Curry/Getty ImagesSteve Jobs, co-founder of Apple Inc. and Pixar Studios, and the man behind the launch of the iPod, iPhone, and iPad, died today in California at the age of 56, according to Apple. Jobs first revealed he was battling pancreatic cancer in 2004, having surgery later that year. This past January he announced he was taking a medical leave of absence from his position at Apple until the end of June; he resigned his post as CEO of the company on Aug. 24.

Jobs was a visionary, a technical genius, a ruthless dealmaker, a control freak, a cool-packaging fetishist, and a celeb who loved delivering his company’s products to other celebs as a way to network. But most of all, Apple CEO Steve Jobs was a salesman.

Videos of his keynote addresses, those heavily live-blogged events at which he unveiled the latest Apple products and innovations, are archived all over the Internet. They’ll be dissected at business schools for decades, because they demonstrate directly that there’s never been a more galvanizing high-tech celebrant. Whatever he was extolling—the introduction of the iPad, the latest iteration of the iPhone, the newest, most capacious iPod music players—Jobs came on not like a business executive but like an amalgam of high priest and rock star. READ FULL STORY »

Aug 24 2011 06:59 PM ET

Steve Jobs resigns as Apple CEO

Steve-Jobs-apple

Image Credit: Beck Diefenbach/Landov

The man who put the world of entertainment in the palm of our hands has stepped down from his position as CEO of Apple.

The Wall Street Journal has posted a letter from Steve Jobs to the company’s board of directors and “the Apple community” at large, saying that he felt he could not longer serve in his position at the technology powerhouse. “I hereby resign as CEO of Apple. I would like to serve, if the Board sees fit, as Chairman of the Board, director and Apple employee.”

He recommended Tim Cook, COO of the company, be chosen as his successor. READ FULL STORY »

Jul 5 2011 04:43 PM ET

Hollywood reacts to the Casey Anthony verdict on Twitter

Tags: , , Crime

In the moments following the not guilty verdict read by the jury in the Casey Anthony case, many in Hollywood responded, overwhelmingly with outrage, on Twitter. Anthony was acquitted of first-degree murder and other charges regarding the 2008 death of her 2-year-old daughter Caylee, but was convicted on four misdemeanor counts of providing false information to law enforcement officers against her, reports People. The result brings a controversial end to the high-profile case. Read the reactions from celebrities on Twitter below:

Holly Marie Combs (@HDonoho): “Outraged. Out. Raged.” … ”Hold up. They found her guilty of lying. Lying to covering up something she didn’t do? Fascinating.” … “If not reporting your child missing for 31 days is not aggravated child abuse I dont know what is. I really don’t. #JudicialSystem”

Roseanne Barr (@TheRealRoseanne): “miscarriage of justice…our system is broken and it sucks–death penalty should be removed–that’s why she got off”…”victory for all child murderers!”…”casey-you were so smart to hide the body in the swamp! You got away with killing your baby!”

Kaley Cuoco (@kaleycuoco): “Nice justice system. I can’t breathe. I can’t think. I’m sick. God help us.”

Carson Daly (@carsonjdaly): “That jury better get into hiding.”

Rainn Wilson (@rainnwilson): “Dear Florida, THANK YOU for freeing Casey! She’s now available for partying and babysitting!”

Sharon Osbourne (@MrsSOsbourne): “Casey Anthony not guilty??…..it’s a disgrace. She’ll probably get her own reality show now.”  READ FULL STORY »

Jun 29 2011 04:31 PM ET

Myspace changes hands after years of struggle with News Corp.

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One dollar. That’s how much you’re worth to News Corp. if you still use Myspace. After six years of struggles to keep the brand viable, Rupert Murdoch and his company have sold the flailing social networking site, which still counts 35 million unique users, to online ad company Specific Media for $35 million in cash and stock, reports Reuters.

It was a major fire sale for Rupert Murdoch’s corporation, who purchased Myspace in 2005 for $580 million. The media conglomerate, which will retain a small stake of Myspace, was hoping to recoup at least some of its investment in the race between Specific, Golden Gate Capital, Austin Ventures, and Activision Blizzard CEO Bobby Kotick. In fact, the final bid fell well short of a projected $100 million price tag.  READ FULL STORY »

Jun 21 2011 01:51 PM ET

London teenager arrested in connection with Playstation Network hack

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A 19-year-old has been arrested in London under suspicion of participating in the hacking of Sony’s Playstation network, according to CNN. Computers belonging to the suspect, who remained anonymous per UK law, will also be analyzed for connections to hacks against the CIA and England’s Serious Organized Crime Agency. The mysterious group LulzSec, who have taken credit for the Sony hack, tweeted a response to the arrest: “Seems the glorious leader of LulzSec got arrested, it’s all over now… wait… we’re all still here! Which poor bastard did they take down?”

Read more:
Sony database gets hacked, 1.29 million customers’ personal information stolen

Jun 19 2011 11:59 AM ET

Sega's database gets hacked, 1.29 million customers' personal information stolen

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Sega has officially confirmed that Sega Pass, the company’s online network, has been hacked. According to CNN, the company reported that personal information from at least 1.29 million customers was stolen from the membership database. The information stolen included e-mail addresses, passwords, and dates of birth, although Sega reported that members’ credit card numbers were safe. It’s reminiscent of the incident a few months ago, when Sony’s Playstation Network was hacked. However, LulzSec — the mysterious hacker consortium that took credit for the Sony infiltration — denied responsibility in the Sega hack via Twitter, proclaiming, “@Sega – contact us. We want to help you destroy the hackers that attacked you. We love the Dreamcast, these people are going down.”

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