Amazon will release its own virtual currency, Amazon Coins, in May. Each coin will be worth a penny and will allow Kindle Fire customers to purchase apps, games and in-game items. Amazon will maintain its 30 percent revenue draw on all purchases made with Amazon Coins. While Amazon plans a small initial launch, some speculate customers could one day use Amazon Coins to purchase e-books, digital music and other products. Continue reading Will Amazon Virtual Currency Reach Beyond Apps and Games?

The Federal Communications Commission is looking to develop powerful Wi-Fi networks across the country. The proposed networks would be so broad in reach that consumers could potentially make calls or surf the Internet without having to pay a cellphone bill every month. The FCC proposal, which could undermine phone and Internet service providers, has resulted in the wireless industry launching a campaign to persuade reconsideration. Continue reading Wireless Industry Responds to FCC Proposal of Public Wi-Fi

Google is changing AdWords to eliminate mobile-only campaigns after Wall Street critics began questioning poor mobile cost-per-click numbers. All campaigns will now include desktop as well as mobile, while advertisers will not be able to target specific devices (like tablet-only campaigns, for example). Advertisers can adjust their preferences to prioritize mobile much more than desktop or desktop much more than mobile, but cannot choose only one. Continue reading Google Updates AdWords for Desktop and Mobile Advertising

Twitter’s acquisition of Bluefin Labs will allow the social media giant to better understand and value promoted tweets. Bluefin Labs, an MIT startup, analyzes reactions to specific TV shows and advertisements by not just measuring how many people comment on a particular item, but also ranking the amplitude of the sentiment. By analyzing the effectiveness of television advertisements, Twitter can help companies create effective Twitter ads as well. Continue reading Twitter Acquires Bluefin Labs to Analyze Promoted Tweets

CBS released numbers regarding how many viewers tuned into its Super Bowl XLVII coverage, noting that its live stream drew three million unique viewers — a 43 percent increase from last year’s game. “With so many fans watching the action via the Internet, CBS managed to whip up almost 10 million live video streams, which is more than a 100 percent uptick from the previous year,” reports Engadget. Continue reading Super Bowl: CBS Sets New Records for Live Video Streams

Reed Hastings once led Netflix as an effective distributor of movies and TV shows through the U.S. Postal Service, but always envisioned the company becoming the premier provider of streaming video content. Now the CEO hopes to stay ahead of the competition by positioning Netflix to take on HBO as a provider of premium video content. Hastings’ move is undoubtedly risky, but he sees it as a necessary step towards the future of television. Continue reading Netflix Strives to Revolutionize the TV Viewing Experience

About two-thirds (67 percent) of American adults currently use Facebook according to the Pew Research Center’s Internet & American Life Project. The research also indicates that 61 percent of current Facebook users have voluntarily taken a break of at least several weeks from the social network in the past, and 20 percent of the non-Facebook using adult population (or about 5 percent of the total adult population) once used Facebook and now do not. Continue reading Pew Research Breaks Down Usage Statistics for Facebook

Entrepreneur Yoarv Lorch’s newest enterprise hopes to disrupt what he views as an antiquated system of book sales. Total Boox offers book payments by the page, rather than paying for the entire book up front. Lorch argues people often purchase a book on a whim and then realize they do not like it after a few pages. When books had to deal with publishing and distribution costs the advanced payment method made sense, but may not in the world of e-books. Continue reading Total Boox Offers New Pay-As-You-Go E-Book Reading Service

Samsung disclosed details this week regarding its planned Silicon Valley innovation center, which will help build partnerships between entrepreneurs and the company’s nine product divisions to develop new product ideas. The center is also expected to encourage expansion of the company’s mergers and acquisitions strategy by determining which companies and emerging technologies can help fill existing product gaps. Continue reading Samsung to Tap Silicon Valley Innovation in Post-PC Era

Sunday’s Super Bowl broadcast featured a compelling use of crowdsourcing. To promote its halftime show, Pepsi incorporated thousands of photos submitted by customers as part of its video introduction welcoming Beyonce to the stage. The promotion serves as another interesting example of the growing crowdsourcing phenomenon, which continues to generate innovative new business and marketing approaches. Continue reading Pepsi Turns to Crowdsourcing for Super Bowl Halftime Video

The 34-minute Super Bowl power outage caused a Twitter uproar, but while many fans used social media to make jokes, Oreo seized the opportunity to launch a viral marketing campaign. Oreo’s 15-person Super Bowl social media team reacted quickly to the blackout, tweeting an ad that read “Power Out? No problem.” The Tweet was accompanied by the image of a single Oreo in a half-blacked out setting with the caption, “You can still dunk in the dark.” Continue reading Oreo Goes Social for Spontaneous Super Bowl Advertising

Nearly two years (and three CEOs) after its intended start date, Bookish finally launched earlier this week. The company is backed by “big-six publishers Hachette, Penguin and Simon & Schuster” and intends to “promote book discovery and sell books,” writes paidContent. The company wants to be “a one-stop shop for readers looking to connect with authors and find their next book.” Continue reading Bookish Now Live, Features Database of 1.2 Million Titles

Traditional television viewing continues its decline, according to new charts published by Morgan Stanley analyst Benjamin Swinburne and his team. The charts show the “long, slow decline of old-fashioned broadcast and cable TV, and the number of ad dollars chasing the dinosaur medium,” writes Business Insider. According to the numbers, there has been a 50 percent decline in broadcast TV audience ratings since 2002. Continue reading Is Decline of Broadcast TV to Blame for High Cable Bills?

Facebook acquired Instagram in part because Instagram’s success on mobile challenged Facebook’s subpar mobile application. The purchase helped improve Facebook’s mobile presence, and now the social network has helped redesign Instagram to serve desktop audiences with the launch of a full newsfeed for browsers. Now Instagram joins Facebook as a complete Web entity. Continue reading Instagram Launches Full Image Feed for Desktop Browsers

The National Association of Theatre Owners (NATO) and equipment supplier Cinedigm plan to help drive-in theaters convert to digital projection. The aid comes as many drive-ins run the risk of extinction since studios plan to stop releasing 35mm film versions of their movies later this year. While most drive-in theaters screen physical film on their outdoor projectors, the move to digital puts the theaters in a difficult position. Continue reading Drive-In Theaters to Receive Help with Digital Transition