Daily Archives: March 10, 2011

LinkedIn, the professional networking site with 90 million users, announced a new product today that aims to transform the site from an occasional directory into a daily social destination. Read more >>

Tim Bradshaw

Niklas Zennström, founder of Skype, Kazaa and now Rdio, a digital music service, spoke to the Financial Times about why his Atomico Ventures fund has co-led a $42m series A round in Rovio. Is Angry Birds – Rovio’s blockbuster iPhone game – really going to be worth hundreds of millions of dollars in the years to come? Read more >>

Tech news from around the web:

  • AOL has unveiled the first round of redundancies following its $315m deal to acquire the Huffington Post, PaidContent reports. In India, which accounts for nearly 20 per cent of AOL’s 5,000 staff,  400 jobs will be lost with a further 300 outsourced to outside contractors. PaidContent adds that a much smaller wave of cuts will follow in the US and the total number of jobs cut will be close to 900.

 Read more >>

Chris Nuttall

Intel has found a multi-national backer for its Classmate PC, with Lenovo promising wider distribution of the laptop for schoolchildren. Intel and Lenovo announced today their partnership would begin with the deployment of 158,000 Classmate+ laptops to students in Argentina this spring. The model is the same as existing Classmates, but Lenovo says its scale as a PC maker means it can offer it in many different hardware configurations, depending on each country and education body’s requirements. It will cost in the region of $300-$400. Read more >>