Why Shazam is worth $1 billion

With rumors abounding that Shazam is considering a public stock offering or is about to accept a takeover bid, the future seems bright for the music recognition app that was recently valued at $1 billion.

It might only be 4% of internet users aged 16-64 who say they are using Shazam each month but the key fact here is how many of these users are buying music online (and keeping Shazam’s revenue streams open).

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Read more here.

Top 10 Reasons for Using Social Media

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“To fill up spare time” – really!?

Global Web Index writes:

Globally, internet users are most likely to use social networks to keep in touch with what their friends are doing. Getting news updates and filling up spare time are then in joint second position.

These top three motivations have one common characteristic – they are all related to passive forms of networking. Many social media users are coming to view social networks as sources of content rather than platforms which require active contributions.

Equally telling is that only 27% of internet users say that they are using social media to share details about their daily life. By some margin, this motivation is less important to networkers than sharing opinions or photos/videos. Clearly, then, many internet users have become more comfortable using social media to publish content rather than broadcast personal details.

Celebrating World Table Tennis Day with 14 year old Mima Ito’s amazing German Open win

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Japanese prodigy Mima Ito produced one of the biggest shocks in International Table Tennis Federation (ITTF) World Tour history by winning German Open in Bremen at the age of 14.

The sensation, winner of last year’s German Open doubles title when only 13, remains over 200 days away from her 15th birthday and was not even born until three weeks after the Closing Ceremony of the Sydney 2000 Olympic Games.

But she made a mockery of her lack of experience by winning a thrilling battle with home hope Petrissa Solja after recovering from 2-1 down.

The teenager proved immune to the vocal home support as she fought back to win the last two games from deuce and eventually triumph 9-11, 13-11, 7-11, 11-7, 14-12, 12-10, before declaring a Tokyo 2020 medal as her ultimate aim.

“I am shocked and ecstatic to win such a big title at my age,” she said.

“This is just the beginning for me, I now need to continue playing at this high level and win many more titles.”

“I now want to qualify for the Japanese team for the Rio 2016 Olympic Games and do well.

“This will then give me the experience I need of realise my dream of gold in the singles and team event at my home Olympics, Tokyo 2020.”

The quarterfinal:

The semifinal:

The final: