Ken Johnstone

Groupon Board Rejects Google’s $5 Billion Offer

by Ken Johnstone on December 7, 2010

in Technology

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No comment from either company on why Google‘s $5 billion bid from Groupon was rejected. The result is that commentators are filling the vacuum with speculation and hearsay. What we know is: throughout the last week or so, the two companies held talks at the top level, involving Google CEO Eric Schmidt, and Google founders [...]

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Pan-European Bonds to Solve the Euro Crisis?

December 6, 2010
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According to an article in today’s Financial Times, the European sovereign debt markets continue to experience considerable stress, in spite of recent efforts by European fiscal and monetary authorities. The authors, Jean-Claude Juncker (prime minister of Luxembourg, and chairman of the Eurozone finance ministers group) and Giullio Tremonti (Finance Minister of Italy), propose that Europe [...]

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Wikileaks – Cut off By Amazon Website Hosting

December 3, 2010
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Wikileaks.com, the site which has awakened the wrath of the U.S. government for leaking classified information, was removed from Amazon‘s hosting Web servers yesterday. According to Senator Joe Lieberman, shortly after Amazon was questioned about its relationship with Wikileaks, the online retail company cut its ties with the whistle-blower website. (Amazon’s EC2 cloud computing platform, [...]

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Google Demotes Websites Delivering Bad Service?

December 3, 2010
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A New York Times article on Sunday has triggered Google into action to prevent online sellers mistreating their customers, generating lots of complaints, and gaining top ranking in the search listing on the basis that “any publicity is good publicity”. The change was prompted by an article in The New York Times on Sunday about [...]

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Google’s $33 Billion Cash Mountain – Investor Strategy Concerns Grow

December 2, 2010
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Google Inc, whose technology helps organize the web’s vast horde of data, now faces the equally daunting task of figuring out how to spend its growing cash mountain wisely. The Internet search leader’s $33 billion in cash and short-term investments is one of the richest war-chests in the technology sector, and is becoming increasingly visible [...]

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Google’s Groupon Deal To Go Ahead?

December 2, 2010
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An internet entrepreneur yesterday was set to follow Facebook creator Mark Zuckerberg and become a web billionaire. Andrew Mason is on the expected to sell Google his fast-growing business Groupon for $5.3billion. The 29-year-old’s website, which is only two years old, already employs around 1,000 people and has 2.5million users in UK alone, and 3,100 [...]

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Secret X37B SpacePlane Due Back at Vandenberg Next Week

December 2, 2010
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The US Air Force’s top-secret X-37B spacecraft is due to land sometime in the next few days at the Vandenberg Air Force Base. It will be the US’ first ever autonomous re-entry and runway landing. The X-37B, a mini robotic space shuttle, launched from Cape Canaveral in April. It has completed a nine-month classified mission [...]

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