Posts Tagged ‘Bloomberg’

New Directions: Moving on from BusinessWeek

March 13, 2010

Hey folks, apologies again for not posting that much lately. Things have been hectic at work lately, and now I have some news to share about the situation.

I am no longer working for BusinessWeek. I wanted to leave, and am excited to be moving on to new opportunities and different challenges. It was a great 10-year run, and an experience I will always treasure. I met many incredible and super-talented people, learned a lot about a lot of things, savored the opportunity to cover some of the biggest stories of the decade, and made a few good friends along the way. I wish all of my former colleagues the best in their endeavors.

Watch this space for updates on my situation. Onward and upward . . . .

Bloomberg BusinessWeek Exclusive: Content-Search Deals Make Twitter Profitable

December 21, 2009

Content-Search Deals Make Twitter Profitable
Data-mining deals signed in October will bring in $25 million in exchange for rendering Twitter’s tweets searchable on Google and Microsoft Bing

By Spencer E. Ante

Twitter is ending 2009 on a high note. The microblogging site has reached profitability after inking $25 million of deals that make its content searchable by Google (GOOG) and Microsoft (MSFT), Bloomberg BusinessWeek has learned.

In October, Twitter said it had struck multiyear arrangements that make users’ short blog postings available on and on Bing, which is run by Microsoft. Those agreements carry sufficient value to help Twitter achieve a small profit for 2009, say two people familiar with the company’s finances, who asked to remain anonymous because Twitter’s books are not a matter of public record.

Like many social media startups, three-year-old Twitter focused early on adding subscribers rather than generating revenue. That’s left many analysts and investors wondering how and whether the company—often cited as a candidate for an initial public offering or acquisition—would make money. Twitter co-founder Biz Stone declined to comment on the company’s finances, but wrote in an e-mail that the company is proud of the work it accomplished in 2009. “We’re thrilled about the partnerships we’ve formed this year and we’re looking forward to opening Twitter even more in the future,” Stone wrote.

In exchange for making short blogs, known as tweets, searchable on Google, Twitter will receive about $15 million, the two people say, adding that the Microsoft partnership is worth about $10 million. “The deals were huge,” says one. “With two scoops of the pen, a lot of revenue came in.”

Read the rest of the story here.

BusinessWeek Launches Blackberry & iPhone Apps

September 1, 2009

Over the last week, BusinessWeek entered the wireless application market and launched its first two apps. Last week, the BusinessWeek for Blackberry app was released, and yesterday we launched an iPhone app.

I have not seen the iPhone app yet but I just downloaded the Blackberry app. To get the app, I would recommend going to this Web site, instead of downloading it from the Blackberry app store. I tried to download it from the app store but it did not work. On the other hand, the Web-based download process worked fine.

The BW app features three main sections: Latest news, a watch-list of stocks, and another channel list that organizes the headlines based on the subject matter (e.g. Top News, Finance, Technology, Innovation, Management, etc.)

The app and stories download fast. The user interface is clear and iis easy to navigate. And the stock ticker feature works, though it was a bit slow when I used it this morning. It is also easy to add stocks to your watch-list by clicking on a link. That’s all good.

For future iterations, I would like to see a tab that zips you to the Most Read or Most Emailed stories of the day. That is one of my favorite features of the Bloomberg app. And it would be cool to be able to watch our videos on the mobile app as well. Congrats to the BW team for launching these apps. I look forward to hearing feedback from users, which you can easily pass along via a link at the bottom of the app.