Business

Forget About Windows 8, Insiders Say Microsoft’s Real Money Maker Is Broken

Business
It's not a surprise that Microsoft's new CEO, Satya Nadella, is already shaking up the company and moving key people around. While a lot of attention is being paid to how he'll fix Windows 8, sources in Microsoft's legendary sales force tell us their division needs attention too. One source even suggested that Nadella may need to replace the man in charge of the salesforce, COO Kevin Turner. "The sales model at Microsoft is broken. It has been for years," a long-term member of the Microsoft sales force told Business Insider. "Ultimately, I think it will require a leadership change for Satya to even have influence on sales strategy. I like Kevin Turner quite a bit, but I’m not sure that his experience will translate to the services world." Microsoft makes much of its money s

CentralNic Signs Agreement with Domain Venture Partners

Business
CentralNic signed a deal with Domain Venture Partners as stated in the press release below. Central Nic is a publicly traded company on the London Aim, the stock is up about 2.4 % to 84.5 pence. Domain Venture Partners is a fund that has been set up by new gtld applicant Famous Four Media. Press Release: CentralNic plc (AIM:CNIC), the internet platform business which derives revenues from the worldwide sale of internet domain names, today announces that it has signed an agreement (“agreement”) with Domain Venture Partners’ new investment fund, DVP II, whereby the Company has been selected to be the registry service provider for certain registries acquired by DVP II; meaning that CentralNic’s platform will be used to enable their domain names to be purchased through domain name

Facebook acquires WhatsApp for $19 billion but will they monetize?

Business, Internet, Mobile, social media
Zuck Says Ads Aren’t The Way To Monetize Messaging, WhatsApp Will Prioritize Growth Not Subscriptions Facebook won’t be throwing its advertising weight behind its new acquisition WhatsApp like it did with Instagram. But WhatsApp also won’t be focusing on rolling out the $1 a year subscription fee it currently charges in some countries. Instead, with the financial security Facebook brings, it will dedicate itself to growth. Monetization was the big topic on today’s analyst call after Facebook announced it acquired WhatsApp for a jaw-dropping total of $19 billion. That’s $4 billion in cash and $12 billion in stock, and it reserved $3 billion in restricted stock units to retain the startup’s employees. But Facebook CEO Mark Zuckerberg, CFO David Ebersman, and WhatsApp CEO Jan Koum all sai

Facebook gaining not waning in Africa

Business, Internet, social media
This week marks the tenth anniversary of the inception of Mark Zuckerberg’s global social network giant Facebook. In October 2013 the Company reported financial results for the third quarter, which ended September 30, confirming its attraction of 728 million daily active users, representing a year-on-year increase of 25%. It has also built up a 1.19 billion-strong monthly active user base. However, global media reports in the beginning of 2014 speak of possible weaknesses in the social network fortress, particularly in terms of appeal to a younger demographic of users – teenagers, to be specific. In a Cnet.com report entitled Why teens are tiring of Facebook author Jennifer Van Grove states that “Facebook has become a social network that’s often too complicated, too risky, and, above al

Satya Nadella to replace Steve Ballmer as Microsoft CEO

Business
Relatively unknown, who had headed Microsoft's cloud computing division, becomes only third boss in tech giant's history Microsoft has settled on a relative unknown as its replacement for long-time CEO Steve Ballmer. India-born Satya Nadella, 46, head of the company's cloud computing division and enterprise business, was appointed after a team of headhunters concluded a five-month search that included some of the most world’s most famous executives. “During this time of transformation, there is no better person to lead Microsoft than Satya Nadella,” said Bill Gates, Microsoft’s co-founder. “Satya is a proven leader with hardcore engineering skills, business vision and the ability to bring people together. His vision for how technology will be used and experienced around the world i