Flickr/Guillaume Paumier Oct. 6 (Bloomberg) — Facebook Inc., operator of the world’s largest social network, plans to reduce by half a $3 billion credit line due to a decline in its tax liability, a person familiar with the matter said yesterday. The Menlo Park, California-based company also plans to extend the term of the...
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British Prime Minister David Cameron has joined Twitter. Here’s his first tweet: I’m starting Conference with this new Twitter feed about my role as Conservative Leader. I promise there won’t be “too many tweets…” — David Cameron (@David_Cameron) October 6, 2012 Unfortunately Cameron is already facing a backlash in the form of the hashtag...
Two years ago, photo-sharing application Instagram came onto the scene and quickly took the entire Internet by storm. Within its short existence, the service has made some major updates, been gobbled up by Facebook for $300 million in cash and 23 million shares of stock, and now has over 100 million registered users with...
Illusionist and ‘endurance artist’, David Blaine has taken on another high profile stunt, this time including Tesla coils and a ‘Faraday suit’. He’s currently standing on a platform on New York’s Pier 54 while a constant crackle of electricity surrounds him. The stunt will last around 73 hours and naturally everyone is asking, “How...
Facebook’s $7 Update, Watching The Presidential Debate Online, and Why Apple’s Fight With Google Hurts Users. All of this and more in the ReadWriteWeb Weekly Wrap-up. After the jump you’ll find more of this week’s top stories on the key topics that are shaping the Web – Location, App Stores and Real-Time Web –...
My previous post on the API-ification of software focused on the ecosystem of infrastructure-level APIs. Today, I want to discuss companies providing APIs that operate at the business process or application layer, which brings a whole new level of productivity and revenue potential to businesses. Amazon has clearly been leading the way in API-fication...
James Dyson, the British inventor behind the iconic Dyson line of vacuum cleaners is giving $8 million to London’s Royal College of Art for an incubator, Fast Company magazine reports. The RCA design and engineering graduates will incubate 40 new products. Dyson, believes that with all the obsession on code and digital, there is need for...
New York Times technology writer Nick Bilton has published a profile of Twitter CEO Dick Costolo, and the challenges the company is facing as it tries to transform itself from a real-time information network into an advertising-driven media entity. But one of the interesting things about the piece isn’t what it tells us about...
San Francisco-based startup SuperBetter Labs is shifting the focus of its namesake social game to focus on strengthening mental resiliency, a decision that coincides with the release of its iPhone app and launch of clinical trials. Rose Broome, who became SuperBetter’s data scientist by way of Inigral, explained that the choice to focus on...