WebMD, arguably still the go-to source for medical information on the Internet, today announced that it would be implementing strong expenditure control measures after revealing disappointing Q3 results at the beginning of November. The cuts include 250 positions, representing around 14 percent of WebMD’s total workforce, as part of operating expenditure cuts totalling $45 million. → Read More
Microsoft’s quarterly target – the numbers it’s planning to report for revenue and profit – could end up lower than their original expectations thereby forcing the gentle giant to shed “thousands of jobs,” according to Reuters.
Wall Street is looking for quarterly revenue of $17.1 billion, according to Reuters Estimates, also short of Microsoft’s own target of $17.3 billion to $17.8… → Read More
About four months since launch, web video editor Cuts.com has been acquired by Rifftrax, a site featuring DVD commentary by Michael J. Nelson of MST3K. No word on the price. The online video editing space has become increasingly competitive. Click.tv recently joined the deadpool, with plans to reorganize. On their blog post about the acquisition, CEO Evan Kraus says that since launch Rifftrax… → Read More
Ever since the social video market boomed through 2006, some video services have sought to differentiate themselves by adding online editors. Jumpcut and Motionbox launched their editors last April and Jumpcut was acquired by Yahoo! 5 months later. Eyespot launched its editor a month before Jumpcut, last March. Last December Gotuit launched their SceneMaker video mashup app. Photobucket recently… → Read More
We first heard of video startup Cuts.com a year ago, although details were scarce. After spending over a year in development, the company is just about ready to launch to a small group of beta users, and expand from there. They let us take a quick look at the current product last week – look for an expansion of their private beta in two weeks or so. Like Jumpcut (acquired by Yahoo) and… → Read More
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