“It’s a bummer.”
That’s how Quincy Smith, president of CBS Interactive, described the departure of Last.fm’s three founders, Martin Stiksel, Felix Miller and Richard Jones.
CBS paid $280m in 2007 for Last.fm, an online music service and community now used by over 37m people a month. It remains one of the UK’s biggest buyouts in the web 2.0 era and Last.fm is still a fixture of London’s Silicon Roundabout.
Yet Mr Smith was magnanimous as three darlings of the web scene left CBS Interactive, which as a whole generated revenues of over $600m last year. Read more
Bing has moved the needle for Microsoft, but not much.
That is according to figures from comScore, which showed an increase in traffic to the new Microsoft search service in the days since it was launched. Curiosity about Bing lifted the number of Microsoft searches by 20 per cent from the week before and the numbers held steady for five days, suggesting searchers liked what they saw and have been coming back for more.
That still only amounts to two extra points of market share, though. Read more