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With the takedown of a major content hosting website Megaupload, Hacker group “Anonymous” targeting big companies and government agencies websites. The group Anonymous on their Twitter account declared, “The government takes down #Megaupload? And in response to that 15 minutes later #Anonymous takes down government & record label sites. #ExpectUs.” The...

U.S. accuses a major internet content hosting website, Megaupload.com of copyright infringement. Seven individuals and two corporations – Megaupload Limited and Vestor Limited have been charged for the offence with running of an international organized criminal enterprise allegedly responsible for massive worldwide online piracy of number of copyrighted works, generating...

Yesterday, we saw 25 US Senators publicly stands out against the Protect IP Act (PIPA), now just 63 supports anti-piracy bills, and opposition has surged to 122, as per ProPublica. ProPublica is an independent non-profit news room define supports and opponents’ according to “whether a member is a sponsor of the proposed bills, and each member’s voting record...

A total of 25 US Senators have publicly stated their opposition against the Protect IP Act (PIPA), according to OpenCongress. The bill previously gained support of over 40 senators, who co-sponsored the bill. But as of today, that number has dropped with 25, and another 13 too are leaning towards opposition. The news comes a day after when the whole internet is on...

With the news confirmed, Yahoo has lost one of its top advertising sales executive Seth Dallaire to Amazon. Dallaire, earlier left Microsoft for Yahoo, and has worked with the company all since 2009 as an advertising sales executive. At Amazon, he will take a newly created role of VP of North America sales. His departure is a blow to Yahoo, especially at the time...

Sony Ericsson this morning reports that its pre-tax loss of 247 million euros ($318 million) in the 2011 Q4, after reporting a profit of 31 million euros in 2011 Q3. The company is a 50-50 percent joint-venture between Sony and Ericsson. The company blames the loss is due to the unfavourable macroeconomic conditions and effects from the flooding in Thailand. The...

Eastman Kodak Company (“Kodak”) announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York. The Company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011. Kodak has obtained a fully-committed, $950 million debtor-in-possession credit facility with an 18-month maturity from Citigroup to enhance...

Facebook, an 800+ million users social network, at its ongoing media event announced its Open Graph program plans where it has teamed up with 60 developer partners. The apps it will bring to its users’ timelines. The company has teamed to roll out the apps for its users that will encourage to tell their friends more that what they’re doing, like buying a scarf...

Zynga, a social network game company confirmed the names of all those four small mobile game companies it has recently acquired. The company’s top mobile executive David Ko told reuters that it had acquired the companies in recent months. The company acquired Hanover based GameDoctors in December, San Francisco based Page44 Studios in September, another San Francisco based HipLogic in August and New York based Astro Ape Studios. It did not disclose the sums paid for those companies. GameDoctors created mobile game ZombieSmash, Page44...

Facebook at their f8 developers’ make some major announcements including their newest improvements to Facebook communication – group chat and video calling. With a most-messaged friend list, it’s much quicker and easier to find your favourite friends. The list of these friends will appear automatically when the browser windows is wide enough. Earlier reports suggest that Facebook is going to rollout a streaming media platform and corresponding buttons to boost sharing – “Read. Watch. Listen”. The newly redesigned homepage...