I thought the folks at Groupon were nuts to turn down Google’s offer of $6 billion, but Henry Blodget explains why. The article makes sense and it was frankly an eye-opener.
I thought the folks at Groupon were nuts to turn down Google’s offer of $6 billion, but Henry Blodget explains why. The article makes sense and it was frankly an eye-opener.
As video downloads become more and more popular with services like Netflix, we’re going to see plenty of battles like this.
Level 3 Communications Inc., an Internet backbone company that supports Netflix Inc.’s increasingly popular movie streaming service, complained Monday that cable giant Comcast Corp. is charging it an unfair fee for the right to send data to its subscribers.
Comcast replied it is being swamped by a flood of data and needs to be paid.
Level 3 said it agreed to pay under protest, but that the fee violates the principles of an “open Internet.” It also goes against the Federal Communications Commission’s proposed rules preventing broadband Internet providers from favoring certain types of traffic, it said.
“Comcast is effectively putting up a toll booth at the borders of its broadband Internet access network, enabling it to unilaterally decide how much to charge for content,” said Level 3’s chief legal officer, Thomas Stortz, in a statement.
Comcast called Level 3’s position “duplicitous” and said a previous deal for the companies to handle traffic for each other had become unbalanced in Level 3’s favor.
Stay tuned . . .
Penny auctions have been getting plenty of buzz, as some users are getting incredible deals for things like iPads and cars, while others are complaining that they aren’t winning the auctions. Here’s an article where penny auctions are explained. If you’re going to play, you have to understand the system. Research penny auction tips and come up with a strategy, but remember that not everybody wins . . .
Here’s a good video about financial scams, which are now going beyond the Internet to the mobile world as well. Be careful of smishing, which is a new scam where you get a text and a prompt to call. Don’t follow the link!
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