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- The Startup Velocity Question
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ADP, Paychex Benefiting From Job Growth
According to the Bureau of Labor Statistics, total nonfarm payroll employment in the country grew by 243,000 jobs last month as the unemployment rate fell to 8.3%. Job growth was widespread across the private sector, specifically in leisure and hospitality, and manufacturing. The numbers spell good news for payroll processing firms, which managed to beat
Hulu Growing Fast, Needs More Content
According to a study by media agency, OMD, 80% of the online population in the U.S. streams video regularly. The study conducted on 1,600 respondents who streamed videos regularly showed that 24% of those studied had cancelled their cable subscriptions. While the study did not specify reasons for cancellation, analysts believe that cable’s services were replaced by online
Amazon And India’s $200 Billion E-Commerce Market
According to a recently released Forrester report, U.S. Online Retail Forecast, 2010 to 2015, online retail sales in the U.S. grew 13% in 2010 to $176.2 billion. Online retail sales are expected to grow at a rate of 10% annually over 2010–2015 to reach $278.9 billion. Within the U.S., e-commerce accounts for 8% of total retail
ExactTarget Rides Email Marketing Wave
According to a Forrester report, U.S. Interactive Marketing Forecast, 2011 to 2016, total advertising spend in the U.S. is expected to grow to $77 billion. In 2011, spending on interactive channels, which includes display advertising, search, email, mobile, and social media advertising, accounted for 16% of advertising spending. These channels’ contribution is expected to grow
Netflix’s Quarter From Hell
According to the latest comScore report on online video viewing for December 2011, 182 million U.S. Internet users watched online video content. On average, 23.2 hours of content were watched per viewer. A total of 43.5 billion videos were viewed online by U.S. Internet users. The figures translate to an impressive 85% of the U.S.
Golden Apple
After a brief fumble last quarter, Apple is back with a bang. The new version of the iPhone has been met with strong acceptance, and Apple beat Android phones in the U.S. to become the leading smartphone device in the market. According to Kantar Worldpanel research, iPhone sales grew 128% in the last quarter of
Yahoo In Disarray, Business Declining
Yahoo’s management changes continue. The company recently replaced former CEO Carol Bartz with ex-PayPal executive Scott Thompson, and a few weeks later, co-founder Jerry Yang stepped down from the board. But it is not just senior leadership that is leaving; Yahoo is also losing out on market share as they fail to match up to the
IBM Focuses on Analytics
Earlier this year, Gartner released their report on worldwide IT spending, and the numbers don’t look so good. The analyst downgraded growth expectations in 2012 from 4.6% to 3.7%, attributing the decline to continuing global recession, the euro crisis, and the impact of Thailand’s floods on hard-disk drive production. Spending on IT products and services in