Twitter to raise $1bn in its stock market launch

Share this

Social networking company Twitter has said it plans to raise $1bn (£619m) in its stock market debut in documents filed with US regulators. In the filing, revealed on Thursday, the seven-year-old company said that it now has 218 million monthly users and that 500 million tweets are sent a day. It made a loss of $69m in the first six months of 2013, on revenues of $254m. It will be the largest Silicon Valley stock offering since Facebook’s listing in 2012. Analysts said that the offering was likely to get…

Share this
Read More

ICANN and Your Internet Abuse

Share this

In spite of the material we were presented with in Durban something has gone very wrong inside of ICANN Compliance. KnujOn has published a report which demonstrates that ICANN Compliance appears to completely collapse between September 2012 and December 2012. Following December 2012, ICANN seems to stop responding to or processing any complaints. It is around this time certain compliance employees start disappearing. This was not limited to the Sydney office as some would have us believe, all while we have been given assurances the compliance team was being ramped…

Share this
Read More

DCA Registry Services Kenya Participates in 2nd African IGF – Updates its .africa Bid

Share this

The 2nd African Internet Governance Forum (AfIGF) successfully concluded. The conference was held from 24-26 September 2013 at the Multimedia University, Nairobi Kenya. The AfIGF conference was organized by the United Nations Economic Commission for Africa (UNECA) and the IGF Secretariat in cooperation with the Kenyan government among other stakeholders. DCA Registry Services Kenya delegates also attended the conference and contributed to important discussions and pertinent proceedings. In his opening address that was communicated via a recorded video message, Fade Chehade, ICANN’s President & CEO noted that the African IGF…

Share this
Read More

IT Security is critically underfinanced by business

Share this

53% of South African based IT decision makers feel that not enough time or money is available to develop IT security policies. As a result, barely half of the companies feel that they have highly-organised, systematic processes to deal with threats. These findings emerged from the recent Global Corporate IT Security Risks 2013 survey conducted by B2B International for Kaspersky Lab in 2013 among business representatives around the world. The situation is especially poor in the global educational industry, where only 28% of organisations are confident that they have sufficient investment in…

Share this
Read More

Alcoa, Hewlett-Packard and Bank of America to Be Dropped from Dow Industrials

Share this

Alcoa Inc., AA +1.98% Hewlett-Packard Co. HPQ +0.38% and Bank of America Corp. BAC +0.83% will be dropped from the Dow Jones Industrial Average next week, in the biggest shake-up of the 30-stock index in almost a decade. Alcoa, a Dow component for 54 years, will be replaced by athletic gear maker Nike Inc. NKE +0.64% Payments company Visa Inc. V +1.05% will replace H-P, which joined the index in 1997, and securities firm Goldman Sachs Group Inc. GS +1.77% will supplant Bank of America, which spent five years in the blue-chip benchmark. The changes, which…

Share this
Read More

A delayed evaluation “pass” score for .Africa competition

Share this

– DotConnectAfrica refuses to withdraw before Accountability Hearing The fight for .africa web domain continues as ICANN evaluation scores emerge. Sophia Bekele, whose Company, DotConnectAfrica (DCA) Trust was one of the contenders for the .africa gTLD web address name, said: “A lot of progress has been registered during the past six years, especially managing a global promotional campaign to raise awareness about .africa and new gTLDs and the work of ICANN in general; and to also explain to people and different organizations how Africa and Africans would benefit from the…

Share this
Read More

Deal Is Easy Part for Microsoft and Nokia

Share this

Microsoft Corp. MSFT -4.55% struck a $7 billion bargain with Nokia Corp. NOK1V.HE +1.15% to bolster a mobile future for the software giant. But the odds are long that a deal can reverse the fortunes of two laggards in a cutthroat market. Microsoft Corp. MSFT -4.55% struck a $7 billion bargain with Nokia Corp. NOK1V.HE +1.01% to bolster a mobile future for the software giant. But the odds are long that a deal can reverse the fortunes of two laggards in a cutthroat market. Microsoft is wagering a purchase of Nokia’s phone business will…

Share this
Read More

Microsoft to acquire Nokia’s device and services division

Share this

Microsoft will acquire Nokia’s devices and services unit and license the company’s mapping services in a deal worth $7.2 billion in a bid to bolster the company’s position in the smartphone market. The software giant will pay $5 billion for “substantially all” of Nokia’s phone unit and another $2.2 billion to license its patents, the companies announced late Sunday. As part of the deal, Stephen Elop will step down as Nokia chief executive to become the executive vice president of the devices and services division. Elop, a former Microsoft executive,…

Share this
Read More

U.S. Backs Private-Sector-Led Sustainable Growth – Trade Rep Froman

Share this

Washington, DC — Since 2000, the African Growth and Opportunity Act (Agoa), which allows eligible countries to export products duty-free to the United States) has defined American trade relations with sub-Saharan Africa. The annual ministerial-level  U.S.-Sub-Saharan Africa Trade and Economic Cooperation Forum mandated under the law is taking place in Addis Ababa on August 12-13. Leading the U.S. delegation is Michael Froman, who accompanied President Obama to Africa soon after being confirmed as U.S.Trade Representative, a Cabinet-level position. Previously he served in the White House as deputy national security advisor…

Share this
Read More

Comments and Questions by DCA Trust on .Africa at the ICANN-47 Public Forum, Durban SA

Share this

This is a complete unabridged version of the comment/questions raised by Ms. Sophia Bekele, Executive Director and CEO of DotConnectAfrica Trust, at the ICANN-47 Public Forum Meeting in Durban, Republic of South Africa on 18th July 2013. A shorter version was read out at the ICANN Public Forum Meeting on Thursday, July 18, 2013 due to constraint of time. * * * Background DotConnectAfrica Trust’s application for the .Africa generic Top-Level Domain name (Application ID: 1-1165-42560) received a GAC Objection Advice at the ICANN-46 Beijing Meeting in April 2013. According…

Share this
Read More