Soviet Business Prodigy Drops $200 Million On Facebook

Facebook announced today the company will accept a $200 million investment from Russian investment firm Digital Sky Technologies. A couple hundred million nets Digital Sky just under two percent equity in Facebook at a $10 billion valuation. Other companies with similar offers in recent weeks were rejected by Facebook CEO Mark Zuckerberg, primarily because Zuckerberg did not wish to lose control of the board of…

Android Set To Make Splash In China

As you probably know, China is the most populous country in the world, and it happens to be home to the biggest wireless market, too.  Google might be on the edge of something huge, then, as there's word that an Android-based phone will go on sale in China sometime next month. 

Online Brand Fraud Poses Challenge To Marketers

Marketers say they are seeing an increase in online brand attacks driven by the down economy, according to a study by the Chief Marketing Office Council. The study of 306 markets, sponsored by MarkMonitor, found that 29.5 percent of marketers are reporting a greater number of incidents of online brand fraud. Study respondents said brand value, trust, integrity and reputation are being significantly damaged because…