Posted by Adam Glantz on December 23, 2009
AOL’s Board Approves Restructuring; $150 Million in Severance Charges
AOL’s board has officially approved the restructuring started by CEO Tim Armstrong last month, as part of its first official board meeting as an independent and public company last week, according to an SEC filing. The company has said before it will be slashing a third of its staff of about 7,000. through voluntary buyouts and layoffs. In the filing, it said that the $200 million or so in charges related to this reorg, about $150 million would be in severance and benefit costs, and up to $50 million of charges related to facility closures and other costs.
Read More: PaidContent.org
Are spam, hackers, privacy concerns and commercialization killing social media?
Social media comes in many forms and flavors with new types coming in and some older ones slowly dying out. It has become so ubiquitous that we rarely think about it when we use it. I primarily use Twitter, Facebook, Flickr and LinkedIn, in addition to my blogging, but I have become less and less enamored with social media over time. Although I was never a rabid user of Twitter, I did initially use it on a regular basis but now will frequently go days between tweets or without even looking at it.
Read More: Forbes
The Coming of Age of Local Online Advertising
The future of local online advertising is bright. As we stand on the brink of 2010, there are many reasons to be hopeful. We are seeing new innovations on search engines, the proliferation of hyper-local content developed and managed by micro bloggers and business owners directly, and a resurgence in online coupons with sites like Groupon. All of these trends are driving an increasing number of consumers to go online more often to find local products and services. More than 80 percent of consumers are searching online for local products every day. They are searching from their homes, but increasingly they are searching on mobile devices — and the new Google (Nasdaq: GOOG) Nexus phone will likely offer souped-up search capabilities.
Read More: E-Commerce News