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...Daily found that 47% of respondents would buy music from iTunes if they could. But Sony, the obvious candidate for market leadership (after all, Sony invented the portable music market with the Walkman), has been cautious. The company recently introduced a pair of updated hard drive portable players, the Network Walkman and Vaio Pocket, and earlier this year Sony Music Entertainment relaunched the Mora online store it runs with other labels, which currently offers 70,000 songs for about $1.44 each (iTunes sells most songs for 99 cents in the U.S.). "The [online] market is not mature yet," says...
...south tower collapsed, invited a few other evacuees to dinner. "We found that everybody was pretty much stuck," he remembers. "The rest of the world, even New York, has kind of moved on. But with each other, we can talk about anything." They formed the World Trade Center Survivors' Network. They now have 130 members. The group meets monthly and has adopted a platoon in Afghanistan. The survivors make adjustments in their lives, some very small. One woman no longer wears heels in the street, in case she has to run. Bogacz is getting training in emergency preparedness. On Sept...
...life in general. Chris Hughes, a rising junior at Harvard who helped start Thefacebook.com at his school earlier this year, says when his roommate Mark Zuckerberg came up with the idea, it was to be "a directory of information for college students." Offering Friendsteresque features, it allows students to network through friends and connect with people in their classes they would like to meet. The site now boasts 58 member colleges, including all of the Ivy League...
Though the market is small, estimated at below $50 million, social-networking companies are suddenly attracting attention from the ultimate Silicon Valley networkers, venture capitalists. VCs are throwing money at broad-based public networks such as LinkedIn, as well as at specialized, closed systems like Visible Path, used by companies to share employee contacts behind the corporate firewall. Spoke Software, which offers both kinds of networks, already has more than $20 million in funding. Ryze, a public network, and Interface Software, a closed system used mostly by law firms, are out of the VC loop but in the money--both...
Such identity protection is the cornerstone of public networks like LinkedIn, which operates much as Friendster does; most people join by invitation, in turn inviting their friends (and so on). The personal information of everyone but your direct contact remains hidden. Todd Defren of SHIFT Communications, a p.r. firm, has used this social pyramid to close $200,000 worth of new business. Instead of the usual 3% response rate he gets from direct-marketing calls, Defren has elicited a beefy 50% rate courtesy of LinkedIn's referenced referrals. But Defren is careful not to ask for too many favors...