An Online Shake-up Is Coming Down the Road
This past week there have been several announcements with potential to shake up the online world.
First, MySpace announced that it is going to become open source, following the example of rival Facebook, and allow people access to its code. The hope is that this way new applications and features will be built into social network much faster.
Today there is another hot news discussed in all media - Microsoft just bid $44.6 billion, or $31 per share, on Yahoo. Microsoft executives say this is the second time they contact Yahoo with a proposal to join Research & Development forces in order to be able to combat market leader Google. In 2006 the offer was turned down with the explanation that it was not the right time. Now that Yahoo's shares have fallen below $20 for the first time in several years, Imran Kahn, an analyst at J.P. Morgan, suggested that the proposal is likely to be accepted.
This past week there have been several announcements with potential to shake up the online world.
First, MySpace announced that it is going to become open source, following the example of rival Facebook, and allow people access to its code. The hope is that this way new applications and features will be built into social network much faster.
Today there is another hot news discussed in all media - Microsoft just bid $44.6 billion, or $31 per share, on Yahoo. Microsoft executives say this is the second time they contact Yahoo with a proposal to join Research & Development forces in order to be able to combat market leader Google. In 2006 the offer was turned down with the explanation that it was not the right time. Now that Yahoo's shares have fallen below $20 for the first time in several years, Imran Kahn, an analyst at J.P. Morgan, suggested that the proposal is likely to be accepted.
posted by Stefana Vutova at
8:34 AM
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