I think we all remember
Zediva, the little company that streamed movies straight from DVD over the Internet to your computer for $2. We probably all remember their fate as well - shut down by a federal court.
Well, with the confidence inspired by such a success for Zediva, a new company, named Aereo, has decided to try something similar. In this case, instead of streaming movies straight from DVD, Aereo plans to stream television shows straight from an antenna. Yes, you read that properly, streaming full-broadcast television over the Internet. Thank goodness for digital television, right?
This week, all of the major broadcast companies have come together to file suit against the little startup. Hit the break to read about Aereo's plans for success.
Occasionally, we run across cool stories that we just have to share and this is one of those times. You could imagine the
day in the life of an astronaut living on the International Space Station. Between the space walks, recording important space data and making sure the whole thing doesn't crash, there's probably a little downtime for the crew that doesn't involve fixing a space toilet.
For Japanese astronaut Satoshi Furukawa, he spent two hours of his downtime building a replica of the ISS out of LEGOs.
Just when I think it can't get any worse or stranger for
Clearwire, Sprint steps in and adds some more life into this crazy money train we call a wireless network. On March 1st, Sprint sold $2 billion - not a typo - in notes to further aid Clearwire in refinancing, funding and to help with their network upgrades. They've now moved past the "helping too much" level and shot right to "might as well own the company" status.
These notes, totaling $2 billion, include notes due in 2017 at 9.125% interest and notes due in 2020 at 7% interest. This is on top of the $4 billion they put up in November to start Clearwire's recovery process. I suppose Sprint recognizes that they need to continue the upgrades for Clearwire, after
LightSquared's problems with the FCC.
It could also have something to do with their abandonment of
buying MetroPCS. We learned this week, after the rumors from last week, that the board decided not to acquire the company, as it would have cost up to $8 billion, including debt, which would have been way too much for Sprint to take on, especially with their stock price being around $2.50.
Perhaps all of this will make sense in the long run. Sprint has $6 billion+ tied up into Clearwire now. I hope they really don't decide to abandon them in 2014 as their network support and instead just move to their potential LTE network that Sprint is helping Clearwire build.
Earlier this month, Google
hit a security snag with Google Wallet that ended up exposing sensitive payment information for people who had their phones stolen and settings wiped. In general, Google doesn't like to think things through and seeing as how they've been racing through development to be at the forefront of digital-wallet adoption, this is not a surprise. Thankfully, Google was proactive about solving the problem and at least gave Google Wallet users some half-baked recourse.
What may come as a surprise to some is the reaction of Isis CEO Michael Abbot. For those of you not familiar, Isis has been in the process of developing a technology that would act as a framework for payment processors to integrate with. It's similar in concept to Bump in the sense that mobile phone manufacturers would build in their NFC technology and consumers could simply tap their phones against a retailers cash registers to render payment. They have been developing this technology with backing from Verizon Wireless, T-Mobile and AT&T and are looking to start technology trials in Austin Texas and Salt Lake City Utah around July this year.
Find out why Abbot's thinks Google hasn't ruined digital-wallet adoption after the break.
Recently, we've seen technology companies realizing the potential in launching new products or concepts at major sporting events and other festivities.
IE9 showed up at SXSW, Silverlight was a heavy hitter at both the 2010 Winter Olympics and The PGA Masters, Twitter and HP teamed together with the iconic Tiesto to host a concert from Vegas on the web and we've even learned that the 2012 London Olympics will feature new UHDTV technology. This week, add Samsung and Visa to the list of Olympic participants, as they will be launching payWave, an NFC wireless payment system, at the London games.
We have the full details after the break.
Zynga has had an extremely lucrative partnership with Facebook and it was revealed that Zynga accounted for 12% of their revenue when
Facebook filed for its IPO. Their relationship wasn't always as pleasant as a sunshine-filled day on the farm, however. Back in May 2005 Zynga wasn't happy with Facebook taking 30% of their revenue and it prompted some uneasy negotiations that ended up in Zynga reaching out to other potential partners.
It also prompted Zynga to start developing games that were independent of Facebook and, within a few months after their Facebook fight, they had managed to churn out a few games on their own. They also managed to become a public company and have invested hundreds of millions of dollars into their own server farms in order to transition from Amazon services. Their goal here is to take Zynga.com and turn it into their own platform where they can carve out their own territory. According to CEO Mark Pincus,
We want to grow the market for everyone. Our vision is a billion people playing together.
That's not the whole story though. Read on after the break to find out what else Zynga has in mind to make their vision a reality.