. Earth Science News .
TRADE WARS
Facebook seeks to spread its influence across the Internet

Visa buying CyberSource for two billion dollars
New York (AFP) April 21, 2010 - Credit card giant Visa said Wednesday it was buying online payments company CyberSource for two billion dollars. Visa said it had agreed to purchase CyberSource for 26 dollars a share, a premium of 37.25 percent over the Mountain View, California-based company's closing price on Tuesday. CyberSource, a rival to eBay-owned PayPal, said it manages about 25 percent of the electronic commerce business in the United States. Its clients include British Airways, Home Depot, Facebook and Google.

"Online commerce continues to grow rapidly, and this acquisition will enable Visa to offer new and enhanced services," Visa chairman and chief executive Joseph Saunders said in a statement. "With CyberSource, we are adding a new suite of leading e-commerce capabilities and experience in addressing e-commerce merchant needs," he said. Saunders added that as e-commerce migrates to mobile devices, "we believe the combination of Visa and CyberSource technology and services will position Visa to lead in mobile e-commerce." Visa said CyberSource president and chief executive Michael Walsh will continue to oversee CyberSource's operations after the transaction closes.
by Staff Writers
San Francisco (AFP) April 21, 2010
Facebook on Wednesday set out to spread its influence across the Internet by weaving its social networking service into all websites and making the Web revolve around its users.

Facebook rolled out a series of changes in what was pitched as an inevitable evolution in people's relationships, activities and interests melding in online identities that follow them wherever they roam on the Internet.

Facebook founder Mark Zuckerberg outlined his vision of an "open graph" after making a rock star entrance to cheers and applause at the California firm's third annual "f8" developers conference in San Francisco.

"Today, the Web exists as a series of unstructured links between pages," said Zuckerberg, whose social network boasts more than 400 million users around the globe. "The open graph puts people at the center of the Web."

He gave the example of a Facebook member visiting the CNN.com news website, clicking on a story and then seeing an inset box that tells them which of their friends liked the same piece.

Similarly, a Facebook user could go to Internet radio station Pandora or sports-focused ESPN online and automatically share musical tastes or game news with their pals in the world's leading online community.

"Pandora will be able to start playing music from bands you have liked all across the Web," Zuckerberg said.

"It can show you which friends like music similar to what you are listening to then you can click and listen to their collections."

Open graph basically lets any Web page be turned into a de facto Facebook page, he said.

Facebook vice president of engineering Mike Schroepfer said the move could turn websites throughout the Internet into digital age versions of "Cheers," a vintage US television comedy show set in a bar where everyone knows each other.

"It's like Cheers, the bar where everyone knows your name," Schroepfer told AFP. "Or the restaurant where the maitre d' knows your name and that you like window tables. It is an inherently better experience."

Freshly launched tools let developers install Facebook's recently adopted "Like" icons that let people signal interests with a single click and share them automatically with friends at participating websites.

"We are going to make it possible to make those connections, then a lot of neat things become possible," Zuckerberg said. "People can have instantly social and personalized experiences everywhere they go."

Movie website IMDb and technology colossus Microsoft, which owns a minor stake in Facebook, were among some 70 websites that have been testing the new software and have it in place.

Facebook's move has the potential to put the service at the heart of increasingly personalized online experiences, and wrest traffic from other Internet firms vying for people's attention and advertising dollars.

Zuckerberg said Facebook has no plans to use the new developer tools to mine revenue but expects to benefit by strengthening bonds people have to the social networking service.

"The more people use Facebook the stronger the bond," Zuckerberg said.

"We serve ads and that is the business model that is working real well for us," he continued. "Other people are going to make a lot of money from this and that is really good."

While the social network's new tools have the potential to expand Facebook's presence throughout the Internet, it could mean people visit the firm's website less.

"How do we create a world where when we show up anywhere our friends are there?" Facebook vice president Chris Cox asked rhetorically. "Our answer is an open platform and to give these tools to developers."



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Brazil secures Chinese investment pledge
Rio De Janeiro (UPI) Apr 16, 2010
Brazil secured Chinese pledges to investment heavily in and buy more from Brazil as the summit of BRIC countries - Brazil, Russia, India and China - opened a day early to allow for President Hu Jintao to return to China to oversee earthquake relief. More than 800 people died in an earthquake in western China as Hu embarked on his Latin America visit, which was to have taken him to Ven ... read more







The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement