The Twitter hack leaked over 300 confidential business documents and photos to TechCrunch. Amongst the documents found were product pitches, company goals, and notes from talks with Microsoft and Google. While none of the information released to the public was especially damaging, Twitter is thinking seriously about upgrading its security before either getting an IPO or getting purchased.
Twitter has been a buzz with celebrities supposedly retweeting links to watch Harry Potter online. While it is merely a case of spammers and spambots retweeting faux-tweets, some hackers are enticing users to watch the film and subsequently putting malware on users hard drives. Despite spambots making a ruckus, the final Harry Potter film has already grossed $100.4 million internationally.
Google reported a 3% increase in revenue and an 18% increase in net income for the second quarter. The search giant boasted a net income of $1.48 billion, and reported revenue of $5.52 billion. CEO Eric Schmidt noted that the search ads market has stabilized and that "while most of the world's largest economies shrank, Google's year-over-year revenues were up 3."
Despite a drop in sales, profits were up 12% at IBM. International Business Machines is enjoying robust financial period on the back of expanding its business beyond traditional computing. Cost cutting, and taking on an assortment of consulting contracts have proved positive for IBM, even though hardware sales were down 26%.
Shelly Palmer is a consultant and the host of MediaBytes with Shelly Palmer a daily show featuring news you can use about technology, media & entertainment. He is Managing Director of Advanced Media Ventures Group LLC and the author of Television Disrupted: The Transition from Network to Networked TV. Shelly is also President of the National Academy of Television Arts & Sciences. You can join the MediaBytes mailing list here. Shelly can be reached at shelly@palmer.net For information about Get Digital Classes, visit www.shellypalmer.com/seminars