Feed aggregator
What does the Hurd mentality bring to Oracle?
Comment It's going to be a long time before Oracle can take on the likes of HP and IBM for the IT-market crown. But before he retires, you can bet Larry Ellison's last billion bucks that he most surely wants to become the dominant systems supplier in the data center.…
Firefox 4 beta gets hard on Windows
Mozilla has released a fifth Firefox 4 beta, offering graphics hardware acceleration on Windows and a new API that lets site developers code pages that visually display audio data inside the browser.…
'Copyright troll' seeks $150,000 from republican candidate
A copyright enforcement service has filed a lawsuit seeking $150,000 from Nevada Republican Senate candidate Sharron Angle for posting two newspaper articles without authorization.…
Court OKs Warrantless Cell-Site Tracking
Leaked Google docs out top search ad spenders
Following its oil spill in the Gulf of Mexico, BP went from spending about $57,000 a month on Google search ads to an enormous $3.6m outlay for the month of June alone, according to a report citing internal Google documents.…
HP sues Hurd to keep secrets from Ellison
Updated Hewlett-Packard has sued disgraced former chief executive Mark Hurd in an effort to stop him joining Oracle.…
Privacy watchdogs challenge laptop seizures at US borders
Privacy advocates have sued the Obama administration over its practice of seizing laptops, cell phones, and other devices at US borders and copying their contents even when the owner isn't suspected of wrongdoing.…
Google's antitrust probe spin answered
Foundem — the UK-based vertical search outfit involved in antitrust investigations of Google in both Texas and the European Union — has responded to Google's account of the Texas probe, accusing the Mountain View search giant of "diversionary 'straw man' tactics."…
Freeconomics' last hurrah - selling items that don't exist
.....some large companies are testing whether they can raise awareness of their brands — and sell more actual goods — by creating and offering their own pretend merchandise. Volvo Cars of North America, the clothing retailer H&M and MTV Networks are among the diverse brands entering the market for virtual goods — the make-believe items offered on social-networking games, smartphone apps or fantasy Internet sites.
................
So far, the virtual goods market largely consists of micro-purchases. Consumers typically pay $1 to $3 while playing games like FarmVille or Mafia Wars, both created by the social-gaming company Zynga, to get a jump on game rivals. Users also can give a gift, like flowers, or build a collection of items — just as collectors do in real life.
Those impulses will be worth nearly $2 billion in revenue or more this year, according to ThinkEquity, a financial research firm in San Francisco. Its analyst for new media and games, Atul Bagga, said his research found that the market could reach $2.6 billion next year.
.................
To succeed, “branded virtual goods have to be identifiable and have a real world relevance,” said Ravi Mehta, vice president for products at Viximo, a social gaming platform provider. “They are driven by the relevance to the purchaser. Paris Hilton has people who buy her virtual goods because they are fans and want to identify with her, her hair, her place in pop culture.”
I think he is actually serious about Paris Hilton.....
Actually, we've been arguing for a while that this is the best model for Facebook, but whether people will buy virtual trainers etc on SocNets any more than they did(n't) on 2nd Life is still an open question. Those "decorate your own room" socnets have largely passe'd away. All the evidence is that virtual goods are bought in pursuit of another (typically game based) objective, not "real world relevance" - unless maybe they can be converted into free drinks, like 4square mayoralties at Starbucks.
I await with fascination to see if Nike will be selling under-armour gear on World of Warcraft, and Wilkinson Sword will sell...... but I think this is far more likely to be more akin to the 2nd Life experience, as corporate clumsiness leads to egg on faces and rivers running with red ink.....
Still, as these goods cost nothing to make and distribute, they could be the last hurrah of Freeconomics
Amazon poaches Microsoft games chief
Amazon has poached one of the brains behind Microsoft's fabulously successful Xbox and Xbox Live, hinting at a rival cloud-based gaming strategy.…
