. 24/7 Space News .
INTERNET SPACE
Is it Internet or internet? Debate rages on downshift
By Rob Lever
Washington (AFP) June 14, 2016


LinkedIn mega-deal puts new focus on social media
Washington (AFP) June 15, 2016 - After the mega-deal for LinkedIn, Twitter's future has come into focus as the industry ponders the outlook for social networks.

Microsoft's $26 billion acquisition of LinkedIn announced Monday, the biggest-ever deal for a social media company, sent Twitter shares surging nearly 10 percent over the past two days.

Even though Twitter has a vastly different model from the professional social network, the shakeup in the sector has drawn attention to Twitter's large user base and data capabilities.

With LinkedIn off the table, Twitter becomes the largest independent, non-Chinese social network which could be an acquisition target.

"At the margin, this makes all the remaining players more valuable due to the scarcity of those that have achieved scale," said Lou Kerner, founder of the Social Internet Fund, which invests in the sector.

But Kerner said that while LinkedIn is an "ascendant" company, Twitter is still struggling to grow beyond its current base of just over 300 million active users worldwide.

Kerner said potential Twitter acquirers "are looking for products that can help drive their growth and don't need to be fixed."

He added that "Twitter has scale, but what it doesn't have is growth, so its a far less attractive asset than LinkedIn.

Still, talk has been swirling for months about a takeover of Twitter. Last week, venture capitalist and blogger Paul Kedrosky said in a tweet, "I'm not optimistic that Twitter makes it out of 2016 as a standalone company, which is sad."

Despite the bump in Twitter shares, it has lost some 75 percent of its value from highs in 2013 after its public share offering.

- Bubble bursting? -

Other analysts said Twitter's value as an acquisition target had not changed.

Patrick Moorhead of Moor Insights & Strategy said the rise in Twitter was based on "investor sympathy" following the LinkedIn deal, but added: "I'm not buying into the notion of some sort of impending acquisition or if this even makes more strategic sense for an Apple or Google to make a social acquisition."

Michael Pachter at Wedbush Securities said he sees no real connection.

"LinkedIn is really a job searching tool, nothing like Twitter at all," he told AFP. "I don't think it signals a rush to buy social media at all."

Trip Chowdhry, analyst at Global Equities Research, said the Microsoft deal could signal the top of a bubble in social media companies.

"What the acquisition of LinkedIn means is that we are at the tail end of social media hype," Chowdhry said. "The growth rates are going to dramatically slow."

Chowdhry said Microsoft is seeking a distraction from its declining software business and LinkedIn's growth has been faltering as well.

Although it has an estimated 433 million users, LinkedIn reported a loss of $46 million in the past quarter and a $166 million loss for 2015. Microsoft agreed to pay a 50 percent premium for the company.

"When you have a marriage between two struggling companies, it's a wakeup call for the industry," he said.

"If anybody is believing that the best is yet to come for social media stocks they will be disillusioned."

Chowdhry said he believes other social networks which are not publicly traded but have high valuations such as Snapchat and Pinterest "are going to get a dose of reality."

"The bubble in social media is going to burst," he said.

Most social media firms have been able to grow their user base but have failed to come up with a solid business model, said Chowdhry.

"Twitter is a very strong platform for celebrities and politicians, and there's a value to Twitter," he said. "But Twitter does not have mass appeal."

Are you on the Internet or the internet?

This debate has been raging for years, but the tide appeared to turn when major US news organizations decided to drop the capitalization of Internet, making it internet.

The Associated Press news agency made the lower-case spelling effective June 1, a move quickly followed by The New York Times and Wall Street Journal. In Britain and other locations, media outlets made similar changes over the past few years.

"We now spell it lowercase, reflecting a growing trend and a change by our official dictionary, Webster's New World College," the AP said in a statement. "We have also made web lowercase in all instances, and webpage and webfeed one word."

AFP's style guide calls for Internet capitalized in English, but lower case in French.

But the shift by US media groups could have an impact on usage.

Joseph Turow, a University of Pennsylvania communications professor who has been pressing for lower-case usage for over a decade, welcomed the change.

"This is part of everyday life and lower-case usage reinforces that idea," Turow told AFP. "Most people see (the Internet) as a faucet that they turn on to get data."

English teacher and blogger Mason West wrote that "there was really never a reason to capitalize internet in the first place, and the writing and editorial world is breathing a collective sigh of relief."

But the move also stirred passions among those who still view the Internet as a proper noun.

Vint Cerf, often described as the "father of the Internet" for inventing the protocols used online, said the change was a mistake, and that the AP editors "fail to understand history and technology."

Cerf said in a statement to Politico that there is a difference between the "public" Internet, which he said should be capitalized, and "private internets."

The latter, he said, use the same protocols "but do NOT connect to the public Internet. By lowercasing you create confusion between the two and that's a mistake."

The Internet Society, a nonprofit group created by Cerf and Bob Kahn with a mission to help connect people around the world, also said it was keeping its capital "I."

"The Internet refers to the globally connected network of networks that enables billions of people and devices around the world to communicate and collaborate," society spokeswoman Allesandra de Santillana said in an email to AFP.

"Many other networks of networks -- internets -- use the same technologies but do not connect to the Internet. If we were each using those, we wouldn't be able to email each other."

- 'There is just one' -

Doc Searls, a journalist and author who has served as a fellow at the Berkman Center for Internet & Society at Harvard University, also defended the capitalization.

"The Internet is like the Universe," Searls said in a blog post.

"There is just one of it. There are no other examples. Formalizing the lower-case 'internet,' for whatever reason, dismisses what's transcendent and singular about the Internet we have: a whole that is more, and other, than a sum of parts."

Two years earlier, technology analyst Bill Thompson lamented in his BBC column that "those who choose 'internet' over 'Internet' are as wrong as those who would visit london, meet the queen or go for a boat trip down the river thames."

The Oxford English Dictionary has kept Internet capitalized while recognizing this has been "passionately debated."

Oxford's Katherine Connor Martin said in a blog post that the capitalized form "is slightly more common" at around 54 percent worldwide, even though lower-case internet is more widely used in Britain.

"We are now in the midst of stylistic change with respect to the capitalization of Internet, but the process is proceeding in patchwork fashion and is far from complete," Martin wrote.

"At Oxford, we will be watching our tracking corpus closely in the coming months, to see if lowercase internet makes new headway against the capitalized form."


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Satellite-based Internet technologies






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
INTERNET SPACE
Messaging app Line to make trading debut in Tokyo, New York
Tokyo (AFP) June 10, 2016
Messaging app Line said Friday it will make its stock market debut in Tokyo and New York next month, as it looks to expand on booming popularity among smartphone users in Asia. The Japan-based firm won regulatory approval for the sale with the dual listing expected to raise as much as 113 billion yen ($1.05 billion), including an option to sell more shares if demand is strong. The deal - ... read more


INTERNET SPACE
US may approve private venture moon mission: report

Fifty Years of Moon Dust

Airbus Defence and Space to guide lunar lander to the Moon

A new, water-logged history of the Moon

INTERNET SPACE
Remarkably diverse flora in Utah, USA, trains scientists for future missions on Mars

NASA Mars Orbiters Reveal Seasonal Dust Storm Pattern

Study of Opportunity Wheel Scuff Continues

Mars 'colonists' to undergo five days of tests

INTERNET SPACE
Disney brings its brand to Shanghai with new theme park

Tech, beauty intersect in Silicon Valley

Second Starliner Begins Assembly in Florida Factory

Mexican engineer extracts gas from urine to heat shower

INTERNET SPACE
Bolivia to pay back loan to China for Tupac Katari satellite

China plans 5 new space science satellites

NASA Chief: Congress Should Revise US-China Space Cooperation Law

Chine's satellite industry eyes global satellite market

INTERNET SPACE
Astronauts enter inflatable room at space station

First steps into BEAM will expand the frontiers of habitats for space

Russia delays launch of new crew to ISS until July 7

Airbus DS and ESA launch external commercial payload platform for the ISS

INTERNET SPACE
ILS Proton Launches Intelsat 31 Satellite

Abandonment of Russian rocket engines may ground Pentagon's space plans

EchoStar XVIII and BRIsat are installed on Arianespace's Ariane 5

United Launch Alliance gets $138 million Atlas V contract

INTERNET SPACE
Cloudy Days on Exoplanets May Hide Atmospheric Water

Likely new planet may be in slow death spiral

On exoplanets, atmospheric water may be hiding behind clouds

Astronomers find giant planet around very young star

INTERNET SPACE
Cereal science: How scientists inverted the Cheerios effect

Lean Xbox One eyes gamers as PlayStation VR turns heads

Mixing solids and liquids enhances optical properties of both

Video game giant Ubisoft thinking young at age 30









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.