Let’s dive in.
1) Why Google spent nearly $1 billion on infrastructure
If you haven’t heard, it has been a good second quarter for Google, which showed a 32 percent increase in revenue. But Google has also spent nearly a billion in infrastructure spending, and GigaOm’s Derrick Harris gives his reasoning as to why:
Everything Google does — from its App Engine cloud computing service to Google+ to its company-sustaining ad engine — requires lots of servers and a top-of-the-line network in order to run smoothly.
Harris goes on to argue that Google’s significant infrastructure investments are what allow the company to keep pace in a variety of industries, including the mobile device sector.
The Post’s Dominic Basulto addressed one aspect of Google’s infrastructure investment: The driver-less car.
2) Foursquare, meet TappMob. Well-paid software engineers, meet the students who made it.
TappMob was created with the philosophy that all you need is a button and a line of text. The application allows smartphone users to record their location with one tap. The location, however, is not shared publicly, meaning it is likely not to compete directly with Foursquare or Facebook Places. TappMob only allows users to share their location with one individual at a time, making it a great application for checking in with parents.
The creators, however, are as interesting as the application. Both Eva Sasson and Justin Mardjuki are both college students. Sasson goes to Columbia University and Mardjuki to the University of Pennsylvania. The application won the people’s choice award at the MobileBeat conference.
3) Groupon blows quiet period, revises IPO filing
Groupon co-founder and executive chairman Eric Lefkofsky reportedly issues a statement to Bloomberg during the company’s mandatory pre-IPO quiet period, when no one in the company is authorized to speak either positively or negatively about the company. According to VentureBeat’s Meghan Kelly, Lefkofsky told Bloomberg, ”Groupon was going to be wildly profitable.”
Then Groupon amended its IPO filing, which reads, in part:
We have in the past, and may continue to receive, a high degree of media coverage, including coverage that is not directly attributable to statements made by our officers and employees, [incorrect] reports on statements made by our officers or employees or is misleading as a result of omitting to state information provided by us or our officers or employees. You should rely only on the information contained in this prospectus in determining whether to purchase our shares.
4) Hello, author. Here’s your social network.
Glam Media is introducing a new suite of products to allow authors to create their own social networks. The company that turned the publishing industry on its head by advertising authors over individual books is now adopting the rules of social media, but placing the author at the center of the social micro-universe.
Glam has grown significantly, incorporating over 2,500 niche blogs and micro-sites. GLAM CEO Samir Arora described the new social networking functionality as ”Facebook-in-a-box for content creators” in an interview with Fast Company.
5) Flexible gel could give a voice to those who have none
Doctor Steven Zeitels was approached by actress and singer Julie Andrews in 1997 for help after losing her singing voice as a result of laryngeal surgery. Zeitels joined with MIT professor Robert Langer to finish developing a reparative gel that could repair damaged or scarred layrinxes. The Zeitels-Langer team has reached a point where it is ready for a limited clinical trial next year.
Here is the gel in action: