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'Twitter will last longer, become more valuable than Facebook', says expert
May 8, 4:26 pm
London, May 8 (ANI): Micro blogging site Twitter is expected to last longer and become more valuable than social networking giant Facebook, one of the UK's leading ad men has claimed.Ad firm Ogilvy and Mather
's vice-chairman Rory Sutherland, who helped to turn Microsoft into a major consumer brand in the Eighties, said although Facebook might be the most popular social network at the moment, it could struggle to maintain that position in the future."I can see Facebook being superseded more easily than Twitter being superseded," The Telegraph quoted Sutherland, as saying."As a forum for outbursts, Twitter's [character] limit, its haiku element is very appealing. I wouldn't bet against it being more valuable [than Facebook] in the long term," he added.Sutherland's remarks come as Facebook is gearing up for the largest initial public offering the technology sector has ever seen.Twitter is growing rapidly in metropolitan areas, but has struggled to make money out of advertising.Sutherland, however, believes that
Twitter 's 'potential for making money is higher than anyone realises'. (ANI)
ESPN lays offs some of its employees to control costs(Amended/ESPN Employee/Update)
May 23, 6:06 pm
Washington, May 23 (ANI): Sports media giant ESPN has given pink slips to some of its 7,000 employees as a cost cutting measure.
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Google wants 'rational tax system' following criticism over firm's lesser tax transparency
May 23, 5:22 pm
London, May 23 (ANI): Google chairman Eric Schmidt has called for a more rational and predictable international tax system following widespread criticism over the company's failure to have a more transparent tax payment system.
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Rediff.com reports fiscal 2013 fourth quarter and year-end results
May 23, 4:27 pm
New Delhi, May 23 (ANI): Rediff.com, one of the premier online providers of news, information, communication, entertainment and shopping services to Indians worldwide, has announced results for its fourth quarter and fiscal year ended March 31, 2013.
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Ford to close manufacturing operations in Australia, slash 1200 jobs
May 23, 3:51 pm
Sydney, May 23 (ANI): Ford will close its manufacturing operations in Australia and 1200 workers will lose their jobs in October 2016.
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