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Innovative real-time document collaboration software company AppJet, makers of Etherpad , has been acquired by Google. TechCrunch broke the news and AppJet promptly confirmed it. AppJet was started by ex-Googlers, got a YCombinator investment (you know, that firm that invests in college kids from around the country) and will now close down its own product to work on Google Wave. What a cynical bore. Here's the new formula, meant only to tease users with innovation and ultimately enrich a select few Valley darlings: Sponsor Be a smart computer scientist Get a job at Google Leave Google, create startup Use your Google resume to get high profile Silicon Valley backing Build something cool, win some fans Sell to Google Tell Silicon Valley insider press about sale Kill product, break a few hearts, get absorbed again by Google but with millions of dollars in your pocket Work on less interesting Google product... Repeat, if you can get away with it. See also: AppJet's EtherPad: The Demo That Ate the Company Some people don't go right back to Google, they go to Facebook or Twitter. You thought FeedBurner had a lot of potential? It's an ad network now, its founders have nice houses and work on other things or in other places. FriendFeed was cool, founded by ex-Googlers who are now at Facebook and say that FriendFeed is actually too sophisticated for the users of their new Sugar Daddy's software. Check out the Etherpad company blog post about the deal. They didn't even pretend to be sorry about closing the service. They didn't thank any community of users for help along the way. They just said the deal is done, here's what's happening to the money you paid, now get out. Maybe Google Wave will change the world, maybe it won't. It's hard for a person who loves startups and innovation not to feel a little toyed with by this kind of drama though. Discuss

0130226d804 5576.png 150x30 Etherpad Goes to Google   Just Another Silicon Valley Soap Opera

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Etherpad Goes to Google - Just Another Silicon Valley Soap Opera

December 1 marks World AIDS Day , and every major social site around the Internet has come together to spread awareness about the disease, its transmission and available treatments. Thanks to efforts from Facebook, Google, Twitter, Flickr and YouTube, AIDS is a more visible topic today than perhaps at any other point in the history of World AIDS Day. Read on to see what each site has done and the impact this joint campaign is having on users. Sponsor YouTube Live Streams a Concert with Alicia Keys In partnership with the singer's foundation, Keep a Child Alive , YouTube is live streaming an Alicia Keys concert starting at 8 p.m. Eastern/5 p.m. Pacific. The site is also asking suers to donate $5 toward medication and other support for these sufferers. The site is also hosting and promoting this video about the Lazarus Effect, the seemingly miraculous results seen in HIV/AIDS patients given two pills of a specific medication - pills that are available at just 40 cents a day: Flickr Asks How Users Are Living With AIDS In a blog post and a group dedicated to those living with HIV/AIDS, Flickr asked its community of users to print a PDF emblazoned with the words "Facing AIDS" and incorporate it in a photograph to share with the world as part of an initiative with AIDS.gov . Facebook, Google and Twitter Go (RED) Both Facebook and Google have announced they're working with (RED), a brand that helps raise awareness and money for the fight against AIDS in Africa. Google set up a page just for today's events for users to learn more about the global effort to prevent the spread of HIV/AIDS, to find volunteer opportunities in their area, to get involved with the ONE Campaign, to purchase (RED) products as holiday gifts and to unite with others at the Global Network of People Living with HIV. Facebook asked users to change their profile pictures to (RED)-themed avatars, shop for (RED) products and join the (RED) Facebook page. And Twitter, our generation's megaphone, encouraged users to tweet certain terms, @usernames and hashtags, which would turn tweets red and have certain outcomes. For example, for tweets containing #red, @joinred, 40 cents, AIDS, World AIDS Day, HIV and #laceupsavelives would change the color of the text and help raise awareness with users across the site. At press time, AIDS, HIV and World AIDS Day were all trending topics on Twitter. The site is also offering a red profile theme. Twitter co-founder Biz Stone wrote that the site would be partnering with (PRODUCT)RED to raise funds, and 100 percent of funds raised would be used to help AIDS sufferers in Africa. What Does a Social Media Campaign for AIDS Really Do? In a Facebook blog post , (RED) CEO Susan Smith Ellis wrote, "Our success is very much owed to the emerging world of social media that exploded, just when we needed it. Like social media itself, with (RED) the power is not so much in the act of one individual but in the incredible power of the collective acts of individuals. In just over three years, over 1.5 million people have joined (RED) via a range of social media." Indeed, today's efforts are a testament to the collective power of social media - and the power of all platforms united in the name of a single cause So, what does all this social media buzz do for real-world sufferers and their families? Ellis wrote of the (RED) campaign, "In three year... people's choices have resulted in $140 million being contributed to the Global Fund, with 100 percent of that money going directly to helping fight AIDS in Africa. Millions of people like you together have created this impact. "But it's bigger than dollars. This money flows directly to AIDS grants that have already reached more than four million people with testing, counseling, AIDS treatment and services - programs that truly change lives." Discuss

c7e9fcd606bsites.jpg 90x150 Facebook, Google & Twitter Unite for World AIDS Day Around the Web

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Facebook, Google & Twitter Unite for World AIDS Day Around the Web

American Express just announced that it plans to acquire Revolution Money for $300 million. The deal is still subject to regulatory approval. Revolution Money, which was founded by AOL's co-founder Steve Case , launched in 2007. The company offers a number of services, including a payment and ATM card that offers discounts at participating retailers and the Revolution Money Exchange , which enables online person-to-person money transactions. It seems reasonable to assume that American Express made this acquisition to get a foothold in the online e-payment market and to challenge eBay's PayPal. Sponsor According to today's press release, Amex hopes that this acquisition will give Revolution Money - and Amex - room to grow as it goes "head-to-head with other online and person-to-person payment providers." Amex will put its own brand and marketing reach behind Revolution Money's services. Chances are that Amex is mostly interested in the P2P payment system that Revolution Money has developed. It will be interesting to see what the company will do with the Revolution Money card, which, even though widely accepted, hasn't exactly become a household name yet. Amex also plans to expand Revolution Money's reach beyond the US. Lots of Participating Merchants - But How Many Customers? The Revolution Money card is current accepted at about 650,000 stores in the US, including Barnes & Noble and Whole Foods. Merchants have been drawn to Revolution Money because the company charges lower fees than credit card companies. The company didn't announce how many actual users it currently has, though just like GigaOm's Om Malik , we still haven't met anybody who owns a Revolution Money card. Discuss

rev money logo nov09 American Express Acquires Revolution Money: Challenges PayPal

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American Express Acquires Revolution Money: Challenges PayPal