Mon, 8/09/14 – 17:28 | No Comment

Twitter has announced its first social commerce addition. When Twitter hired former Ticketmaster CEO Nathan Hubbard last year to head up their “commerce team,” it became obvious they were working on something. That something is …

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Online labour markets booming
Fri, 24/10/14 – 3:54 | No Comment

According to an expert from CoachMarket, a platform for freelance business coaches and corporate trainers, online marketplaces where clients and businesses can hire freelance workers are flourishing.

Currently, about one-quarter of the workforce in the United States consists of freelancers or contingent workers. By 2020, it is estimated that 40 per cent of workers will belong to this group.

This means that 60 million freelancers will need a platform where they can easily get in touch with people or businesses in need of their skills. Moreover, many entrepreneurs and enterprises are looking for a convenient way to find qualified workers and pay them for their services.

Service marketplaces like Uber, Odesk, VRBO, AirBnB, Expedia and OpenTable have become major industry players with revenue of more than US$1 billion each.

These labour marketplaces don’t really provide workers with new skills. Instead, they gather freelancers, organise them, and advertise their expertise, said CoachMarket’s Founder and Chief Executive Officer, Glenn Laumeister.

“When well executed they make finding and transacting with freelancers more convenient, efficient and safe for the customer than the offline alternatives,” he added.

This industry is currently experiencing rapid growth thanks to customer reviews, money-back guarantees, easy online payments and a wide selection of workers from various industries.

In order to thrive further, online marketplaces should focus on client satisfaction and maintaining quality service. This is especially true for those offering specialised and complicated services.

For example, clients have a higher expectations of KitchenSurfing, which provides freelance chefs, than a company that offers home cleaning services like Handy.

Apple registers strong Q4 results
Fri, 24/10/14 – 3:46 | No Comment

Apple posted better-than-expected results for the fiscal fourth quarter of 2014, which ended on 28 September, with revenues at $42.14 billion and earnings per share at $1.42.

Businesses lose an average of $12.7M a year to cybercrime
Mon, 20/10/14 – 0:36 | No Comment

The fifth annual Cost of Cybercrime report from the Ponemon Institute found that businesses lose an average of $12.7 million to cybercrime. This is up 9.7 percent over the previous report’s study, indicating that the …

Twitter to unveil mobile payment service
Fri, 17/10/14 – 4:45 | No Comment

In collaboration with France’s biggest bank in terms of client numbers, Groupe BPCE, Twitter will offer a new mobile payment service targeting young users.

China pre-ordered 20 million iPhone 6 units last weekend
Fri, 17/10/14 – 4:42 | No Comment

About 20 million units of the iPhone 6 and iPhone 6 Plus were pre-ordered in China between 10th and 13th October, according to a CNET report that cited data from Chinese tech giant Tencent.

Finland Blames Apple for Credit Downgrade
Mon, 13/10/14 – 13:37 | No Comment

In an interesting twist of politics, the Prime Minister of Finland, Alexander Stubb, told news reporters that Apple killed the nation’s top industry, resulting in an international credit downgrade announcement. Standard and Poor downgraded Finland’s …

Tech firms promise to safeguard student data
Fri, 10/10/14 – 4:51 | No Comment

After California Governor Jerry Brown passed the Student Online Personal Information Protection Act (SOPIPA) on 29th September, a group of 14 industry players have promised to adopt its principles across the United States.

Samsung to build new chip plant
Fri, 10/10/14 – 4:49 | No Comment

Samsung Electronics Co plans to invest 15.6 trillion won ($15 billion) on a new South Korean semiconductor plant to meet the growing demand for chips that power smartphones, tablets, appliances and wearable devices.

Hewlett-Packard is splitting in two
Mon, 6/10/14 – 12:41 | No Comment

HP will be splitting into two entities, the Hewlett-Packard Enterprise unit and the Hewlett-Packard Inc. hardware unit. The split will take place soon and will see both companies traded separately on Wall Street.  The Enterprise …

Microsoft unveils Windows 10
Fri, 3/10/14 – 5:11 | No Comment

Microsoft has revealed the name of the next version of its Windows Operating Software, Windows 10. Dubbed as the company’s “most comprehensive platform ever,” Windows 10 blends the best features of Windows 7, which was geared toward desktops, with the best bits of the tablet-centric Windows 8.

Majority of Americans clamour for net neutrality
Fri, 3/10/14 – 4:55 | No Comment

Most Americans believe that wireless internet firms should be covered by the Federal Communications Commission’s (FCC) net neutrality rule, according to survey by a key industry body.

German e-commerce giant plans IPO for October
Fri, 26/09/14 – 4:36 | No Comment

Rocket Internet plans to raise €1.47 billion by listing shares on Frankfurt’s stock exchange next month. This means the company’s market value could reach up to €6.5 billion, making it one of Germany’s largest tech listings in the last ten years.

BlackBerry’s new phone priced at $599
Fri, 26/09/14 – 4:30 | No Comment

BlackBerry’s latest square-screen smartphone is about to hit the market, and it boasts a lower price than its rivals.

In an interview, BlackBerry Chief Executive John Chen said the Passport smartphone would be available in the US for $599. However, the new smartphone will be priced differently in other countries based on tariffs and taxes.