Can you name this start-up?
Some 18 months after launching, it reaches 20m users and may be on the way to owning its category. An established internet giant, which has been trying to break into the same market, jumps in with a takeover offer worth more than $1bn – even though it’s not clear how the start-up will make money. With a market value that has soared to over $100bn, though, the acquirer feels it can afford the risk.
No, this is not Facebook buying Instagram – but the parallels are striking. Read more
Microsoft just wrote the final chapter in a historic rivalry that defined the early years of the Web – and which became Exhibit A in its anti-trust showdown with the US government.
We hear that the legal remains of Netscape – along with its patents – have just been traded to Microsoft by AOL as part of a landmark $1.1bn deal. More than a decade after it was vanquished in the browser wars, Netscape really does seem to be worth more dead than alive. Read more
The iPhone’s 3G is off, the Wi-Fi is shut down and my flamboyantly sadistic 19-year-old son has taken custody of my iPad for the next week. Out comes the network cable and I draft an automatic reply for email messages. As the witching hour approaches, I bid farewell to my 200,000-odd followers on Twitter: “Internet addiction check-up. Off-line for a week from tomorrow. Be in touch”.
Continue reading: “A week without the worldwide web”