Commerce

Tech news from around the web:

Ilya Zhitomirskiy, one of the co-founders of social network Diaspora, has died at the age of 22, TechCrunch reports. Started by four students at New York University, Diaspora is an open-source social network and was set up as an alternative to companies such as Facebook. Read more

Tech news from around the web:

Facebook is close to a settlement with the US government over how it uses its members’  personal information, The Wall Street Journal reports. The settlement would require the social network to obtain users’ permission before sharing data in a way that is different from how they originally agreed the data could be used, people close to the negotiations told the WSJ. Read more

Tech news from around the web:

Research In Motion has run into a problem over its BBX operating system – the blending of its QNX and existing BlackBerry software, PaidContent reports. Basis International, which makes software-development tools, has sent a cease and desist letter and a threat of further legal action to RIM on the basis that the new operating system’s name is too similar to Basis’s flagship product, BBx. Read more

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Magazine publishers are already claiming Apple’s Newsstand service, which was launched with iOS5 last week, is boosting sales and orders, PaidContent says. Exact Editions reports that downloads of its sample editions have jumped by 14 times in the past few days, while Future Publishing says that it has ‘sold more digital editions in the past four days through Apple’s Newsstand than in a normal month’. Read more

Tech news from around the web:

Twitter is now worth ‘an even $8bn’, chief executive Dick Costolo told the Web 2.0 summit in San Francisco, Business Insider reports. The company recently raised $800m across a two-part round of funding.

Reliance Industries is looking to start rolling out 4G services in India as early as the beginning of next year and reach countrywide deployment by mid-2012, India’s Economic Times says. The company has also started talks with media and entertainment companies to acquire content for its wireless broadband offerings. Read more

Joseph Menn

Ebay chief executive John Donahoe said the Chinese government  won’t let foreign-owned  internet companies win in that country, but added PayPal will nonetheless bend to fit new rules and stay in the market. Read more

Tech news from around the web:

Apple is in talks with several Hollywood movie studios about a plan to let consumers buy movies and stream them to the company’s devices such as the iPad and iPhone, according to Bloomberg. Apple is looking to make the films available via its iCloud service, two people close to the negotiations told Bloomberg. Read more

Facebook and eBay have joined forces to integrate social networking features into online shopping applications, as both companies attempt to breathe life into the flagging field of social commerce.

While several companies have experimented with setting up storefronts on Facebook to sell directly to consumers while they network with friends, actual purchase rates indicate that people are not interested in buying when they’re socializing online. Read more

Tech news from around the web:

Sony has revealed that a third party had this month tried to sign into 93,000 accounts on its PlayStation and other networks, Reuters reports. The company said it had frozen the accounts and informed the affected customers, adding that it believed only a few of the accounts were actually accessed.

Traffic to Google+, the online search company’s social network, has fallen since the massive peak in interest seen when it was opened to everyone late last month, according to Mashable. Quoting research from analysts Chitika, Mashable says traffic to the site has fallen 60% since its public launch. Read more

Tech news from around the web:

Social shopping group Groupon is poised to roll out a new product called Groupon Rewards that aims to give participating retailers a way to increase customer loyalty, according to TechCrunch. Under the scheme, a business offering a regular Groupon deal will be able to follow up with another reward that gets unlocked after the customer spends a certain amount of money. The scheme will be open to retailers this week with consumers starting to see the rewards in October.

With speculation mounting over the imminent launch of the iPhone5 on October 4, TUAW looks at the fate of two of Apple’s older products, the iPod Classic and Shuffle, warning that the models face the axe later on this year. Read more

Tech news from around the web:

Online games group PopCap could be getting ready to launch a series of casino-style games on Facebook according to GeekWire. New domain purchases, changes to a Facebook page and a recent trademark application for ‘Lucky GemCasino’ by PopCap have been cited by GeekWire as a shift to a casino offering. Read more

Tech news from around the web:

Facebook is expected to unveil a revamp of its ‘Like’ button at next week’s developers’ conference, according to TechCrunch. Sources have told the blog that the social network will add ‘Read’, ‘Listened’, ‘Watched’, and ‘Want’ buttons. These buttons are designed to fine-tune profile information and could replace or augment the ‘Like’ button. Read more

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Netflix CEO Rex Hastings has announced that the online movie rental company is to separate the DVD and video streaming services, CNN reports. The DVD-by-mail service will now be called Qwikster, and the streaming service will maintain the Netflix brand. Customers can still subscribe to both, but the two sites will no longer be integrated.

Google Wallet, the online company’s mobile payment and daily deals service, is set to be launched on Monday, according to TechCrunch. The service was first unveiled in May and will allow users to load credit cards onto its app and tap a mobile phone equipped with Near Field Communication to a special reader at a till to make a purchase. Read more

Tech news from around the web:

Club Penguin, the Disney-owned social network for children, is to make its debut on mobile devices with the release of Puffle Launch for iOS, Mashable reports. Puffle Launch for iOS is a replica of an existing Club Penguin web game which is played by 150,000 children each day. Read more

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US prosecutors have launched an investigation into whether eBay employees took confidential information from classified ad website Craigslist as it sought to build a rival service, Reuters reports. The two companies have already been fighting in the civil courts over allegations that eBay took a stake in Craigslist and then misappropriated confidential information while it secretly planned its own classifieds site. An eBay spokeswoman told Reuters that the company would co-operate in any inquiry related to the disputes with Craigslist. Read more

Last week saw the biggest venture-capital fundraising yet in Russia’s fast-growing e-commerce market.

But even with $100m in its coffers, how long can Ozon.ru – the “Amazon.com of Russia” – fend off Amazon itself? Russian idiosyncrasies in payments, deliveries and culture suggest that domestic online retailers such as KupiVIP, Molotok and Avito may be able to repel the foreign invaders looking to capture a share of what will soon become Europe’s largest internet market. Read more

Tech news from around the web:

Android  is expected to surpass Apple in application downloads for the first time, according to research seen by CNET. A study by Ovum has found that Google’s mobile system is set to notch up 8.1bn app downloads this year, compared with 6bn for Apple’s iOS devices. Read more

Tim Bradshaw

Russia’s booming internet market has received another huge injection of growth funding. Ozon.ru, the largest Russian online retailer, has raised $100m in new venture-capital funding.

The investment in the self-styled “Russian Amazon” is the largest in the country’s e-commerce market after KupiVIP, a private buying club with big ambitions, raised $55m in April. Ozon’s round follows the stock-market debuts of Mail.ru and Yandex at eye-popping valuations. Read more

Tech news from around the web:

Amazon.com is testing an in-store pick-up service in a partnership with 7-Eleven, according to Geekwire. A delivery locker, currently being tested in Seattle, would allow customers to pick up their packages at the stores.

Chicago-based National Louis University will offer a Groupon for nearly 60% off tuition for its entry-level graduate teaching course, Mashable says. The deal, set to go live on Tuesday and will be open to up to 25 buyers, will discount the cost of the course from $2,232 to $950. Read more

Tech news from around the web:

Blogging service Tumblr is set to raise $75m-$100m in venture capital, The Wall Street Journal reports. The fundraising, which is said to include Facebook and Groupon investor Gerylock Capital, is expected to value the company at $800m. Read more