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Ladies and gentleman, the moment you have all been waiting for is fast-approaching: Twitter is due to file the small print on its initial public offering, a bulky S-1 registration statement that will allow investors a peek into the messaging platform’s business.
Here is the Financial Times “Ctrl-F” guide to getting the news fast (Alternatively, please tune in to FT.com when it happens, where we’ll do the heavy lifting for you): Read more
Shares in Sina Corp, the Nasdaq-listed Chinese online media group, rose nearly 21 per cent during trading on Monday after the company said it had agreed to sell 18 per cent of Weibo, its Twitter-like micro-blogging service, to Alibaba Group for $586m. The two came close to a similar deal five months ago. Now they have tied the knot.
More good news for Istanbul’s ambitions to establish itself as a hub: even the internet is hearkening to its call. Fadi Chehade, chief executive of ICANN, the organisation responsible for administrating the domain name and IP address systems, announced on Thursday his group was setting up shop in Istanbul.
To be precise, ICANN is splitting its headquarters into three – the old base in Los Angeles, a new outlet in Singapore, and Istanbul itself, as a step towards a more global, and a more seamless operation.
Jeff Bewkes of Time Warner and Thomas Rabe of Bertelsmann made it sound as though any-time, any-place access to media was ushering in a golden age comparable to the birth of broadcasting. But Sir Martin Sorrell of WPP had a wake-up call: Big Media is being complacent, and the real impact of companies like Google and Facebook has yet to be felt. Read more
India could see a surge in the internet’s role in the economy from 1.6 per cent of the country’s GDP in 2011, to up to 3.3 per cent in 2015, putting it near developed countries on this measure, according to a McKinsey report.
The body overseeing the allocation of new web addresses has revealed intense competition for certain domain names and strong demand for non-Latin web suffixes as companies apply to own potential rivals to .com, writes Duncan Robinson.
A total of 1,930 applications for new web suffixes were made, with more than a third of these aimed at just 229 addresses, according to the Internet Corporation for Assigned Names and Numbers, the organisation in charge of regulating web domains. Read more
Companies are not exactly beating down Icann’s door to get their hands on a new .anything domain name, it seems.
One month into the application process, just 100 companies have so far registered to apply for a new top level domain name such as .coke or .london. It is the first indication of what the uptake will be like of the controversial expansion of internet names by Icann. Read more
Iceland’s hopes of becoming a global hub for data centres came a step closer on Thursday, when plans for a new transatlantic subsea cable were announced, that would link New York and London via Iceland and Ireland.
Iceland has long been trying to market itself as a prime location for data centres. Its plentiful, cheap geothermal energy is attractive to data centre operators who are becoming increasingly worried about electricity costs, and the cold climate means cooling the racks of servers is virtually free. Read more
The London Cyberspace conference is an elegant metaphor for why government involvement in the internet should be limited as much as possible.
Even its name is already out of date, as quaint as calling it the “information super-highway” these days. A roomful of young people, convened as a “Youth Forum” on the fringes of the conference, were asked if anyone used the word “cyber” any more. No one raised their hands. Read more
Repurposing Churchill quotes is popular among those involved with Icann. Those pushing for reform of the organisation that manages the world’s internet domain names call it the “worst system of internet governance, apart from all the others”.
Steve Crocker, Icann’s newly elected chairman, has his own favourite quote: “It is not the end, not the beginning of the end, but the end of the beginning.”
A veteran computer scientist who help create the very foundations of the internet, Mr Crocker wants people to be patient with the Californian non-proft company, which is only 13 years old and just beginning to get into its stride in improving the structure of the internet. Read more
It was appropriate that the day that Google was unveiling details of a new Gmail hacking attack, an august group of politicians and business leaders gathered in London, at a security summit organised by the EastWest Institute, to tell each other that, well, cyber security is a big problem. Read more
A who’s who of European technology entrepreneurs will be providing guidance and mentoring to a new generation of start-ups at this year’s Seedcamp. Founded by Saul Klein of Index Ventures and run by Reshma Sohoni, formerly of 3i and Softbank Capital, Seedcamp aims to build and support a community of European tech entrepreneurs, culminating in its main event in London this September.
The best-known entrepreneurs on this year’s advisor list are Niklas Zennstrom, founder of Skype, the internet telephony service, and more recently Joost, a web video provider; and Brent Hoberman of travel site Lastminute.com and, latterly, Mydeco, an online furniture retailer. Read more