The Circuit: Google antitrust, S. Korean Internet speeds, Spotify raises $100 million
LEADING THE DAY: Google is facing antitrust accusations from French search engine EJustice.fr, and is reportedly working with the European Commission to resolve these issues. On Monday, the New York Times reported that Google CEO Eric Schmidt had met with European Union antitrust chief Joaquín Almunia to ask that the inquiry be completed as quickly as possible, and to let the company offer a solution before incurring a penalty if the need arose. Almunia reportedly said he would try to do so.
According to Reuters, the French search engine accused Google of demoting others' search results and unfairly promoting its own services.
Upping Internet speeds in S. Korea: South Korea, which already boasts the world's fastest Internet speeds, is investing in an infrastructure program that would connect all homes to the Internet at a rate of one gigabit per second. The New York Times reported that the country has already launched a pilot program in 5,000 homes in five cities. The Internet service costs under $27 per month.
Spotify raises $100 million: The European streaming music site Spotify, which has been trying to break into the U.S. market for years, has raised $100 million in investments and sold a stake to Silicon Valley investment firm Kleiner Perkins. As SkyNews reported on Monday, the firm has invested early in other prominent Internet companies such as Amazon and Google. Digital Sky Technologies Global, the Russian firm that recently invested in Facebook, is also reportedly investing in Spotify. The company is valued at $1 billion.
China looks to tighten Internet controls: A day after an attempted Jasmine Revolution in China, domestic security chief Zhou Yongkang was quoted in official government media as saying that the country must find new ways of dealing with social unrest. The Wall Street Journal reported that this past weekend, as many Chinese tried to organize via social media, the government reportedly blocked mentions of the words "Jasmine" or references to meeting places and disabled search functions on a popular micro-blogging site.
Younger netizens moving from blogs to Twitter: A study from the Pew Internet and American Life Project has found that young Americans are moving away from their blogs in favor of social media sites such as Twitter. "The act of telling your story and sharing part of your life with somebody is alive and well -- even more so than at the dawn of blogging," said project director Lee Rainie. "It’s just morphing onto other platforms." While blogging is on the decline for younger Internet users, its numbers among middle-aged and older users is on the upswing.
| February 22, 2011; 8:14 AM ET
Categories: Antitrust, Apple, Google, Social media, internet
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