Business

Ellen Page for CiscoWe're sure most of you out there have seen a Cisco commercial or two and sitting there going "WTF?". You may be asking who is this Ellen Page chick. Is she a fictional character Cisco has dreamed up or is she a celebrity I haven't heard about?

Barnes and Noble logoBack in the 1990's when Robert Haft of Crown Books fame crowed "Books cost too much" he went on a campaign to be the nation's foremost book discounter.


$9 billion dollars has been erased from Hewlett Packard's market capitalization due to it's sexual harassment scandal. Mark Hurd, the now former CEO, was fired after violating HP business conduct and filing improper business expense reports.

Former Myspace CEO Owen Van Natta has been hired by popular online gaming company Zynga as Executive Vice President.

On the Internet when it comes to social networking sites, fads come and go. We saw this in Friendster as that user group quickly switched over to Myspace. Let's face it, people get tired of the same old thing. When it comes to social networking sites, being everything to everyone just doesn't work.

Giving away something for free and trying to find another way to monetize your existence is a drunken sailors crap shoot. Searching for something that just isn't there is a terrible way to run a company. When sites like these mature, they quickly find that their strategy switches to a means of keeping visitors, rather than trying to offer value that would want to keep them there. The problem is, the value is in the eye of the beholder. And when you give away something free, people continue to expect it.

Below is a chart showing the comparison in reach between Myspace and Facebook. As one can see, Myspace is spiraling downhill to what will likely be its eventual death.

Myspace vs Facebook traffic

Google reported 2nd quarter earnings Thursday to a mixed review. Although analysts loved the record earnings, revenues were only 3% over the same quarter last year. Is the stock too rich up here?

Last week I was at Frys looking for a netbook and along comes this engineer who came off as friendly person. We talked for a good 15 minutes and had an enjoyable talk. So he asks for my business card which I didn't have on me. He then asks for my name and email address (BIG MISTAKE). Emails me a few days later and wants to meet for Starbucks coffee because he finds me interesting.

Myspace

Popular Internet social community Myspace announced today that it is laying off 30 percent of its workforce worldwide. Myspace's new CEO, Owen Van Natta, said that the move was to foster "an environment of innovation".

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