In a week that has been dominated by money and cuts, it’s good to hear that Google are joining in too and have managed to cut its tax bill by a whopping $3.1 billion this year by shuttling their earnings around the globe – a technique used by other massive tech firms. All right for some innit?
Fortunately, those of you in rural Britain will survive the cuts, which is just as well as a new survey says that shoppers who are not online pay $2.7billion a year too much.
While we’re (still) on the subject of money, the domain sex.com has just been sold for a whopping $13million, and some bright spark in the US has worked out that the general mood among Twitter users can predict the rise and fall of the stock market almost a week in advance. The computer scientist in the US has discovered that the correlation between the Dow Jones and the collective public mood was almost 90 per cent accurate. Amazing stuff – we’ll never look at Twitter the same way again!
However, if you are already an aspiring social media entrepreneur awash with dosh, those nice folks at Facebook, Kleiner Perkins, Zynga and Amazon have set up a $250 million sFund to help you if you are looking for investment – they’ve even written a poem about it.
Aside from them stumping up a lot of money for sFund, Facebook have another mixed bag on the news front: they have been rumbled again on their (lack of) security announced this week with evidence that users’ details, even those with the highest privacy settings, are having their data given out to third parties via apps such as Farmville and others – oops. On the plus side, they are continuing to add lots of lovely functionality to the images part of the site, with a new drag-and-drop-photos feature – nice.
Google have have continued their good week with the launch of Leanback, which is part of their move to merge internet and TV – interesting stuff, which we look forward to watching, but not as much as we are looking forward to seeing the Dead Sea Scrolls, among the world’s most important and tightly restricted archaeological treasures, which Google are going to scan. Once they are up, anyone will be able to peruse exact copies of the original scrolls as well as an English translation of the text on their computer – for free. Officials said the collection, expected to be available within months, will feature sections that have been made more legible thanks to hi-tech infrared technology. Fantastic stuff.
Have a fab weekend and our great picture this week is, obviously, of our very own moon, which this week has been in the news as scientists have just discovered it’s not made of cheese, but silver… though luckily not enough for silver mining to be viable, phew!






