Under the terms of the agreement, Amazon will acquire all of the outstanding shares and assume all outstanding options and warrants of Zappos in exchange for approximately 10 million shares of Amazon common stock, equal to approximately $807 million based on the average closing price for the 45 trading days endingJuly 17, 2009. In addition, Amazon will provide Zappos employees with $40 million in cash and restricted stock units. Subject to various closing conditions, the acquisition is expected to close during the Fall of 2009.
Congrats Tony & Zappos team! Wow - good for you and amazon.
AOL doing things I think many people should be doing….I am serious! I really think what AOL is doing is very smart and I think many other platforms should be following the model!
Gary Vaynerchuk praises AOL’s approach to building brands by leveraging the traffic of the main AOL homepage. Obviously, I agree, it is a solid way to build a brand and appears to be what Gary is trying to do with his own WLTV brand and GaryVaynerchuk.com, etc. :)
“ Real-time messaging feeds have a wide spectrum of usage,” he replied. “In some places speed is more important than depth. In others, depth is more important than speed.
Tim Armstrong Prepares AOL For a Fragmenting Web (via aiminsider)
GMail just added “Tasks” which appears to be a simple to do list feature. I used to use Remember the Milk in GMail to do something similar. Awhile back I wrote an article for TechCrunch reviewing To Do lists.
IAC-owned online video hosting service Vimeo has announced that they will begin to remove source video files. The removal will take place beginning on August 1st. The source files will be stored for a week and then removed. Apparently storing huge video files costs money - can you believe it?!?
On Funding And Stocks
There are a lot of things in the financial market that might seem confusing to the average person, particularly if they haven’t had that much exposure to the industry in the first place. As such, anyone who intends on dabbling with stocks, venture capital funding and other kinds of financial activities would do well to look up important resources that can help them understand them better. For example, looking up things like top 10 reviews of the best stock options right now will give even beginners an idea of where to start.
There isn't a whole lot of ways to get involved with the financial industry either, but there are a few focal points that must be addressed. For one thing, it’s really not for the weak of heart. For another, anyone who works for it can succeed in the end.
“ So instead of focusing on your shiny new blog or cool new Facebook app—the place to start is to figure out who will be the people behind it.
Great advice from my pal Rohit Bhargava - Newsflash: No One Cares About Your Blog | Influential Marketing | Fast Company
The Voice app is designed to facilitate using Google’s service instead of your regular cellphone number, making the most of the enhanced facilities Google offers like cheap international calls, call redirection and voicemail transcribing. (via Google Voice Starts Singing for BlackBerrys And Androids | Technomix | Fast Company)