Facebook filed its IPO this week and confirmed what many of us already know: Facebook makes most of its money by selling ads on its site. In fact, in 2011, 85% of their revenue was made via advertising; the remaining 15% made by payments and other fees. Compared to Google, which gets 98% of its
Tag Archives: Netflix
Today, Amazon, America’s largest online retailer, announced it acquired Lovefilm, one of the leading European movie rental services. Prior to the acquisition, Amazon owned a minority share of the company. Exact details of the sale were not disclosed, but reports estimate the value to be between $200 and $270 million. Lovefilm offers similar services to
Netflix thinks about creating an iPhone app which would give users all the same functionality that they have when streaming videos from Netflix on a PC.
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- Sheuli
RDD Founder
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