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Many members of the Web 2.0 generation of internet companies have so far produced little in the way of revenue, despite bringing about some significant changes in online behaviour, according to some of the entrepreneurs and financiers behind the movement.

The shortage of revenue among social networks, blogs and other “social media” sites that put user-generated content and communications at their core has persisted despite more than four years of experimentation aimed at turning such sites into money-makers. Together with the US economic downturn and a shortage of initial public offerings, the failure has damped the mood in internet start-up circles.

Read more here.

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The perfect storm that has swept oil prices to $132 a barrel may subside over the coming months as rising crude supply from unexpected corners of the world finally comes on stream, just as the global economic downturn begins to bite.

The forces behind the meteoric price rise this spring are slowly receding. Nigeria has boosted output by 200,000 barrels a day (BPD) this month, making up most of the shortfall caused by rebel attacks on pipelines in April.

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The global food crisis is a monetary phenomenon, an unintended consequence of America’s attempt to inflate its way out of a market failure. There are long-term reasons for food prices to rise, but the unprecedented spike in grain prices during the past year stems from the weakness of the American dollar. Washington’s economic misery now threatens to become a geopolitical catastrophe.

Read the complete Asia Times article here

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The German financial system wanted to consume low-quality American assets, but did not want to look on what it was eating. German banks have written down about US$25 billion in securities derived from low-quality (“subprime”) American mortgages, and doubtless will lose a great deal more.

Read the complete Asia Times article here:

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Where web 2.0 brought us nice features and video, it have had a hrad time producing business models that enables solid buiness plans. One new company, Videorix emplain themselfs as being a “self-service marketplace connecting advertisers with publishers of online-videos“. Walking the well established path of Goggle AdWords, this may be one way of generating some cash on all those videos that are everywhere on the web.

Here is a good piece Mashable:

“The system is still in very early development, and according to the creator, Nadim Elgarhy, the system is still in development, working out the kinks. As a result, the place isn’t exactly flush with advertisers, yet, but there’s an introductory offer from Nadim to promote the system itself. It’s not a particularly lucrative offer, but it shows what could be possible if the system becomes as well used as the IZEA system as well.

The system seems to pay no regard to CPMs, going with a blanket flat-fee sponsorship model. There doesn’t seem to be any ranking system as of yet, but with a little tweaking (and a lot more advertisers), this particular system could end up being a real decent marketplace for those breaking into the video realm to see a little return on their time investment.

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