Jack Dorsey, the co-founder of that little thing called Twitter, is showing off his latest project, and Square is trying to turn iPhones into a mobile payment hub for merchants. It’s a very interesting idea, but, like Twitter, I’m wondering how it’s going to make real money.
The idea sounds simple and quite amazing: Square is providing merchants with hardware that integrates with the iPhone’s audio input jack for swiping credit cards. There are no contracts or monthly fees, customers can get their receipts e-mailed or eventually texted to them, and frequent customers can even get virtual reward cards that can, for example, give a customer a free cup of coffee on their tenth purchase. The hardware is going to offer some security by enabling photo verification, and a video demonstration over on TechCrunch (embedded below) shows it can potentially be a quick way for businesses to start accepting credit cards.
The CrunchPad, a highly anticipated 12-inch tablet computer that was recently named as one of the 10 “most brilliant products” of the year by Popular Mechanics magazine, is “now in the DeadPool,” according to the man who has been its biggest enthusiast.
Michael Arrington, founder of TechCrunch.com, called it a “sad day at TechCrunch HQ” in a posting, “The End of the CrunchPad” on his site Monday. Arrington said the “entire project self-destructed” because of “miscommunication” and other issues with an outside project partner.
Arrington was aiming to have the CrunchPad out soon, and while pricing wasn’t set, it was geared to be a $300 to $400 device which would be mainly for Web surfing on the go.
Last week, eMarketer reported data from Compete, Nielsen and ComScore showing a decline in visitors to Twitter from 23 million to 20 million.
Why might that be?
Our data here at Meteor, collected from a cross-section of sites (though not necessarily representative), shows a very clear pattern: Click-through rate on tweets is inversely correlated with number of followers. In plain English, the more followers you have the less likely they are to click on your tweets.
They are, in effect, Ghost Followers.
Nokia, the world’s largest cellphone maker, forecast handset market volumes would grow around 10 percent next year, more than analysts’ 8.6 percent consensus.
Nokia also said on Wednesday its market share would be unchanged in 2010.
“Going into 2010, the overall mobile devices market is stabilizing and it is growing more in the areas where Nokia has competitive advantages,” Nokia’s new finance director Timo Ihamuotila said in a statement.
Google Inc. is allowing publishers of paid content to limit the number of free news articles accessed by people using its Internet search engine, a concession to an increasingly disgruntled media industry.
There has been mounting criticism of Google’s practices from media publishers – most notably News Corp. chairman and chief executive Rupert Murdoch – that argue the company is profiting from online news pages.
In an official blog posted late Tuesday, Josh Cohen, Google’s senior business product manager, said the company had updated its so-called First Click Free program so publishers can limit users to viewing no more than five articles a day without registering or subscribing.