RIAA will stop suing people, block their net instead. The RIAA will work with major ISPs to put an end to the abusers’ net connections.
This announcement came after a controversial five-year legal campaign in which the RIAA sued over 30,000 accused file sharers. These lawsuits quickly turned into a public relations disaster as grandmothers and single mothers got dragged into court based on sometimes spurious evidence.

Under the new paradigm, RIAA will send notices to ISPs that identify the IP addresses of suspected file sharers. ISPs will then send warnings to their customers and then cut them off if the users fail to curb their illegal downloads/uploads.  The suspension of the suspect from the network could last anywhere from three months to upto a year.

#1 William Gates III

$57.0 billion
Source: Microsoft (Read More »)

Twitter Turns Down a $500 Million Offer from Facebook

Twitter has reportedly turned down a $500 million acquisition offer from Facebook on 24th Nov 2008. Twitter executives believed it was worth taking a shot at creating their own revenue-generating system before giving up the company to acquisitions. And, BoomTown’s sources say that the $500 million offer, which was an all-stock form, was seen as being “inflated,” since Facebook’s actual valuation is said to be close to $5 billion.

Image Courtesy : Trevor Mauch