The Ad War Is Mostly Harmless

Well, leave it to the New York Post to yellow their headlines by proclaiming an "online ad war." A little over the top, but luckily the rest of Holly Sanders' article brings up an interesting development in the online advertising industry: there is a sort of power shift happening as a result of saturation.

Hearst Acquires Kaboodle

Never mind the kit: Kaboodle alone costs over $30 million.  That’s the social shopping community’s rumored price tag, anyway, following an acquisition by Hearst Corp.; Kenneth A. Bronfin, the president of Hearst Interactive Media, explained that his company thinks Kaboodle “will bring to social shopping what MySpace has brought to social media.”

Congressman Calls For Yahoo Investigation

The chair of the Foreign Affairs Committee of the US House of Representatives had a few choice words for Yahoo after discovering company executives knew more than they let on about the arrest of Shi Tao, a Chinese journalist jailed for speaking against the state.

Blinkx Hires Several New Execs

Google probably hires around 40 people on a daily basis; it almost certainly achieves that every week.  Not every company’s worth $160 billion, however, and so it’s significant that Blinkx, which has a much smaller budget, has added a few employees and raised its overall headcount to 40.