Daily Archives: January 31, 2012

Tim Bradshaw

Tech news from around the web:

People who used Megaupload to store files – legitimate or otherwise – could soon find their data has been deleted altogether, reports the WSJ. Federal prosecutors bringing a huge criminal copyright infringement action against the file-sharing site have written to the Virginia judge overseeing the case, saying: “It is our understanding that the hosting companies may begin deleting the contents of the servers beginning as early as February 2, 2012.” 

Maija Palmer

Online shopping and renting out spare capacity in flats and cars appeared to be the investment themes in Europe in January, with consumer-facing internet companies once again getting the majority of the money and attention.

Berlin was the fundraising hot-spot with at least four start-ups raising money, from $50m for SoundCloud to a more modest $1.4m for Gidsy.

This is the first of a series of monthly updates on the early-stage technology companies raising money in Europe.

 

Facebook’s stock market launch is biggest test yet for the social network phenomenon. Can the young company, whose rapid expansion has often struck jarring notes over issues such as user privacy, live up to the huge expectations that could peg its valuation as high as $100bn? April Dembosky investigates as Facebook hurtles towards 1bn users.

 

Chris Nuttall

Apple has finally named a successor to Ron Johnson as head of its retail store operation, choosing John Browett, chief executive of the British electronics retailer Dixons.

Mr Browett (pictured left) will join in April as senior vice president of Retail, reporting to Apple CEO Tim Cook. Mr Johnson was named last June as the new chief executive of JC Penney, the US department store chain.