Mobile music sales to reach $5.5bn by 2015

Music consumed on mobile handsets will generate $5.5 billion annually in 2015, a rise of $3.1 billion from 2010, but piracy will still hamper its growth, according to a new report. The report finds that mobile music is becoming an increasingly important part of the...

Brits spend £5.1bn on online travel sites in January

The latest figures from the IMRG Capgemini e-Retail Sales Index reveal that shoppers in the UK spent a total of £5.1 billion online during January, equivalent to £83 per person; an impressive 21% more than the same time last year. With limited disposable income...

London graduate sells social media app ‘for $15m’

A London Met graduate who started his Twitter business two years ago whilst studying for his MBA has now sold it for an estimated $10-15 million. Plixi is the brainchild of former London Met Business School (LMBS) student Sean Callahan. Sean envisioned a way users of...

One third of US ‘does not have broadband’

Large portions of the western and southern US population have no access to wired or fixed broadband, according to new data. The findings, from a new national broadband map released by two US agencies, shows that between 5 percent and 10 percent of the US population...

Facebook updates search tools

Facebook is improving the search tools on its social network to help users more easily locate the results they are seeking. The new search design eliminates the tabs format, and lets users interact via the Facebook Page directly. The tool now highlights news based on...

UK cyber crime ‘costs £27bn a year’

Cyber crime costs the UK economy £27bn a year, the government has said. Businesses are the hardest hit losing £21 billion to hackers, while UK citizens lost out to the tune of £3.1 billion and the government was £2.2 billion out of pocket. The total cost of cyber...

Top 50 brands in terms of social media success

eBay, Apple, Google, Blackberry and Amazon are the top perfoming brands in terms of social media buzz, according to a new study. The world’s most social brands have been revealed in a new ‘Social Brands Index’ that charts the performance of the top 50 brands on social...

Facebook stress linked to ‘too many friends’

The more Facebook ‘friends’ you have, the more likely you are to feel stressed out by the social networking site, according to a new study by Scottish researchers. Psychologists from Edinburgh Napier University quizzed around 200 students on their use of the...

First look: Nokia reveals Windows 7 phone designs

Nokia has unveiled the first concept designs of its Windows 7 Mobile phones, following its tie-up with Microsoft. The mobile giant used the Mobile World Congress in Barcelona to showcase two Windows Phone 7 concept devices that look slim and sleek, but the company did...

Morrisons buys baby goods website Kiddicare

Morrisons has bought baby goods website Kiddicare for £70m, marking the supermarket chain’s first move in building an online non-food business. Morrisons said it would use Kiddicare’s technology platform to develop its own non-food business, with the first...

App store GetJar gets $25m funding boost

Open app store GetJar has raised $25 million in Series C funding from Tiger Global Management. Accel Partners, which provided its series A and B rounds, will also participate in the series C funding. The company said the extra money will be applied to continued...