Daily Archives: July 6, 2011

Chris Nuttall

Facebook has announced video calling, powered by Skype, as the first in a series of improvements to its social networking service, used by 750m people, coming over the next few weeks and months. 

Tech news from around the web:

Twitter is in the process of raising funds that values the start-up at about $7bn, according to Bloomberg. The San Francisco-based micro-blogging site is in talks with investors to receive hundreds of millions of dollars, a person with knowledge of the matter told Bloomberg.

Sticking with Twitter, Mashable reports that the site is testing a Facebook-style message wall on users’ profile pages. The move will allow users to send public tweets – @ replies- to specific users directly from their profile pages. 

Large California-based companies are raising salaries and bonuses to prevent seasoned employees from defecting to a competitor, while compensation for junior engineers just leaving university has gone up 30-50 per cent in the last year, according to several industry insiders.

Microsoft in April announced a pay rise for its 90,000 employees. That followed Google raising salaries by 10 per cent at the end of last year to prevent a loss of talent to other Silicon Valley companies such as Facebook.