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Watch Shelly’s commentary on GOOGLE and T-MOBILE unveiling the first Android enabled phone and whether or not consumers will understand the value proposition.

MTV Networks has acquired social networking platform FLUX, which allows users to share and interact with content across a growing network of more than 1,000 entertainment, pop culture and music Web sites. Flux will help Viacom accomplish their Social Media Networking goals.

CIRCUIT CITY’s CEO was forced out Monday. After months of lackluster performance, the retail giant’s CEO Philip Schoonover was brought in two years ago from Best Buy and has presided over Circuit City while the company has been in a freefall. The Street reacted well to Schoonover’s ousting, with Circuit City’s stock jumping 11% in after hours trading.

NETFLIX has struck a deal with CBS and DISNEY to distribute content over the internet. The deal will allow Netflix users to view CBS and Disney television shows over the Internet, after their original on air date. The move is another stepping stone for Netflix, who is transitioning from delivering their content exclusively by mail to over the Internet.

MICROSOFT announced that it will buy back $40 billion in stock. The share buy back will be spread over 5 years time and is the largest single repurchase in 2008, besting IBM’s buyback of $15 billion. Microsoft may use the money it had offered Yahoo to repurchase the stock.

About Shelly Palmer

Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications, co-founder of Metacademy, and the CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and CNBC and writes a popular daily business blog. He’s the Co-Host of the award-winning podcast Techstream with Shelly Palmer & Seth Everett and his latest book, Blockchain - Cryptocurrency, NFTs & Smart Contracts: An executive guide to the world of decentralized finance, is an Amazon #1 Bestseller. Follow @shellypalmer or visit shellypalmer.com.

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