If you are having trouble viewing our video player, check out MediaBytes on YouTube.

Digital Sky Technologies, a Russian firm, has invested $200 million in Facebook in return for 1.96% of the company. They’ve also agreed to buy about $100 million in common stock from Facebook employees. Some people are saying that this investment values Facebook at $10 Billion (down from $15 Billion a year ago). That’s nonsense. Facebook is worth whatever a buyer is willing to pay when the company is sold. Other than that, valuation is just a datapoint.

The New York Times is reporting that AT&T may have swayed the American Idol vote by providing Kris Allen fans with free texting during a couple of promotional parties for his supporters. Apparently, a similar promotion was not made available to Adam Lambert supporters. As you can imagine, the blogisphere is ablaze with sturm and drang.

The ARPU metric (average revenue per user) may become less meaningful as telcos start to cut big bulk subscription deals. With companies like Amazon building subscriptions into the prices of products like their Kindle e-reader, Telcos will make less on every user, but they’ll make it up in volume.

HP has announced two new additions to its Netbook line. The Mini 1101 and the Mini 110 XP. They’re feature-rich, small and relatively cheap … about $300 street price. Why would you need a Netbook. They weigh nothing, have big bright screens and are literally built to browse the Net.

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.

Tags

Categories

PreviousTwitter In Over Its Head MediaBytes with Shelly Palmer May 26, 2009 NextAT&T Will Double Its Wireless Network Speed By 2011: MediaBytes with Shelly Palmer May 28, 2009

Get Briefed Every Day!

Subscribe to my daily newsletter featuring current events and the top stories in technology, media, and marketing.

Subscribe