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Amazon on Hachette debacle: “A key objective is lower e-book prices”

As everyone and their neighbor speculated, at the core of Amazon’s spat with Hachette is its mission to get lower ebook prices. In a statement on the Kindle forums today, the company directly addressed the issue, and explained why it is pushing for cheaper digital book prices. Earlier this year, Hachette accused Amazon of meddling with its sales, something the …

Via: SlashGear

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Taptalk’s Official Response To Its Clone ‘Instagram Bolt’

“F*ck Retakes”. That was Taptalk founder Onno Faber’s reply when I asked for his reaction to Bolt, Instagram’s new standalone app. Bolt lets you send photos and videos with one-touch by tapping a friend’s face…just like Taptalk. And those faces are lined up on the bottom half of the camera screen…just like Taptalk. But that doesn’t seem to… Read More

Via: TechCrunch

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Netflix And AT&T Sign Peering Agreement

Netflix has signed a peering agreement with AT&T that will see the video streaming service pay the ISP for direct connection to its network. Previously, Netflix signed similar agreements with Comcast and Verizon. Interconnection agreements do not deal with how content moves across the network of an ISP, but instead focus on how it gets onto the network. In short, Netflix customers… Read More

Via: TechCrunch

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Big Q2 growth in tweeting masses has investors strong on Twitter

Twitter announced the financial results for its second quarter today, showing strong growth in average monthly active users. Although by Generally Accepted Accounting Principles (GAAP), Twitter posted a loss this quarter, non-GAAP numbers reflected a small profit that beat analyst expectations enough to send Twitter stock rising in after-hours trading.

Revenue for the social media company was up 124 percent year-over-year to $312 million. Twitter lost $145 million according to GAAP numbers, but made a non-GAAP net income of $15 million. (Companies are required to used the stricter GAAP rules when perparing financial statements in order to ensure consistency across an industry.)

The company reported an average of 271 million twitter users as of the end of June, which constituted a 24 percent increase year-over-year. Of those users, a staggering 78 percent accessed Twitter through their mobile devices.

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Via: Ars Technica

AT&T might fix Netflix problems for its customers before Verizon does

Netflix has agreed to pay AT&T for a direct connection to the Internet service provider’s network, a move that will improve streaming video quality.

The deal is no surprise—it was widely expected after Netflix reached similar agreements with Comcast and Verizon. What is surprising is that AT&T customers might see their Netflix quality problems resolved before Verizon customers.

“We reached an interconnect agreement with AT&T in May and since then have been working together to provision additional interconnect capacity to improve the viewing experience of our mutual subscribers,” a Netflix spokesperson told Ars. “We’re now beginning to turn up the connections, a process that should be complete in the coming days.”

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Via: Ars Technica

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A TV Show About Online Videos Shows Us We’re In A Weird Place With Content Right Now

A TV show devoted entirely to showing nothing but online videos is now the No. 1 syndicated show in the nation. You may have seen it on HLN or one of your local channels: It’s on all Cox, Scripps and Raycom stations coast to coast and will soon be syndicated throughout about 91 percent of the country. The show gets over 2 million viewers for each half-hour episode. Comparing some of… Read More

Via: TechCrunch

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RadioShack edges closer to running out of money

Just one month after announcing a loss of $98.4 million in a single quarter, RadioShack risks falling apart. Late last year, Ars named it as one of five companies that we’re monitoring under “deathwatch” for 2014.

Bloomberg reported that RadioShack is in desperate need of cash, citing a report issued by Moody’s on Tuesday. The company’s stock lost nearly 12 percent as the result of the news.

“Barring an improvement in the top line and margins, we think they will continue to burn cash and their liquidity position will continue to deteriorate,” Mickey Chadha, a Moody’s analyst in New York, said in an interview with the news outlet. In short, time is running out.

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Via: Ars Technica

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