This week Alex and Kevin come at you from the PayPal X Developer Conference! to cover the top Dugg stories including Google's test 1GB internet speed, the truth behind being intelligent and an alcoholic, DeNA planning to buy ngmoco for $403 million, Myspace is getting a facelift, and Kevin addresses all the layoffs at Digg.
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Innovate 2010 is the only developer conference dedicated to payments. This conference is bringing developers and industry experts together to explore three main areas that are changing the way we pay: the phenomenal growth of mobile payments, the rise of social commerce and the move to Internet-enabled local payments." PayPal is committed to developers being successful. Lots of developers are already successfully monetizing with PayPal. One year in, and PayPal X is already seeing great developer success. The PayPal X Developer Network has breadth and depth and is way ahead of the competition. This is the way things will happen in the future, join or miss out. Find documentation, support, and resources to help you successfully integrate PayPal products and solutions. Visit www.x.com for more info. Thanks so much to Paypal for having us here!!
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Diggnation is a weekly tech/web culture show based on the top digg.com social bookmarking news stories.
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Earlier in the year, Google made clear that they wanted to get in the business of providing Internet service, not just service search on the Internet. A ton of cities made their case to Google in order to be selected for one of the first rollouts, but Google has still yet to make their decision on that. In fact, an update today provided by the company states that they're hoping to have that community or communities selected by the end of the year.
It was just a few months ago that Digg dropped 10% of its staff. Now the company is making much deeper cuts - 25 employees will be laid off, a little more than 37% of Digg's total staff. This comes on top of news that Digg lost their chief revenue officer, Chas Edwards, earlier today. I spoke with founder Kevin Rose and new CEO Matt Williams about the cuts earlier this morning. The company will be refocusing the Digg product, Williams says, and more announcements will be made tomorrow. The company, with around $15 million in revenue, is also running at a loss today. With these cuts, says Williams, the company should reach profitability in mid 2011.
The next time you're inclined to enjoy an extra glass of wine, consider that it may be a reflection of your intelligence. That is one of the findings from data from the National Child Development Study in the United Kingdom and the National Longitudinal Study of Adolescent Health in the United States.
Japanese social-videogame developer DeNA Co. said Tuesday it plans to buy ngmoco Inc., a U.S. developer of gaming applications for smartphones, for as much as $403 million. DeNA is Japan's largest provider of simple videogames played on mobile phones. Ngmoco, a start-up based in San Francisco, develops games for Apple Inc.'s iPhone and iPod touch. DeNA also plans to start making games for handsets using Google Inc.'s Android operating system this year.
MySpace has had trouble staying relevant as Facebook's user base continues to grow. But with its latest update, the News Corp.-owned social network is trying to see if it can regain at least some of its past glory with social entertainment targeted toward Generation Y.