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San Francisco (AFP) May 17, 2011 Films and television shows streamed online by Netflix amount to nearly 30 percent of the content racing downstream on the US Internet during peak periods, according to a study released Tuesday. "Netflix is now the undisputed bandwidth king of the Internet in North America," Canadian networking gear company Sandvine concluded in a Global Internet Phenomena Report. "Subscribers have clearly embraced the Netflix streaming service, fundamentally altering the Internet landscape," the firm continued in its findings. "Furthermore, the success of Netflix's expansion into Canada suggests that it is not a phenomenon localized to the United States." Netflix expanded from the United States to Canada in September with the addition of a streaming online movie rental service in that country. Subscribers pay monthly fees to watch films or television show episodes. In its most recent earnings figures, Netflix claimed to have 23.6 million subscribers, 800,000 of which were in Canada. The bulk of Netflix shows were watched using videogame consoles or personal computers, according to Sandvine.
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LinkedIn hikes IPO price by 30 percentNew York (AFP) May 17, 2011 LinkedIn on Tuesday raised the share price for its public listing by roughly 30 percent, pushing the value of the professional-networking firm as high as $4 billion and testing the market's lust for Internet companies. The first major US social networking firm to go public, LinkedIn jacked up its expected IPO share price for 7.84 million shares to between $42 and $45, just a week after it fi ... read more |
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