One of the more innovative approaches in the plethora of efforts to persuade more people to pay for more content online is “social micropayment” firm Flattr.
Acting something like an online tip jar, Flattr reverses the usual payment process by giving people a way to pay for content after they’ve consumed it, rather than before they know what they are getting. Read more
Investment continues to pour into the soaring Russian internet market, which recently overtook Germany as Europe’s largest by users.
The latest mega-deal sees Avito.ru, a Russian online classified site along the lines of Craigslist, raising $75m from local private equity firm Baring Vostok and global venture capitalists Accel Partners, alongside existing investors Kinnevik and Northzone. Read more
BNP Paribas has launched an iPad app in the hope that hedge fund managers will want to check out their stock holdings on the move, writes Dan McCrum.
“You can get off an airplane and in one minute see everything that’s happening in your portfolio,” says Sam Hocking, head of prime brokerage sales for the French Bank. Read more
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. Read more
Tech news from around the web:
Black Friday – the day after Thanksgiving – saw $816m spent online sales, according to research and monitoring group Comscore, making it the heaviest online spending day so far in 2011 and representing a 26% increase against Black Friday 2010. Thanksgiving Day, achieved a 18% increase to $479m, Comscore reports. Read more