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Social Media Business Reality Check

I took a one-hour flight over the weekend and ended up talking to a smart business owner — she has a bakery in a small town in Oregon — who doesn’t have any Web presence.

What’s really cool is that her business, as she described it, is doing just fine. She makes a good living, it’s in a small town she loves, she knows all of her customers, and she enjoys her days. She loves the actual work. She enjoys the baking and she enjoys the interaction in the shop.

She is online, but in her own way. She has personal email and uses it often to keep in touch with grown children and grandchildren.

So, what do you think? Does she need to start a blog? Should sh

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Hackers Breach Nasdaq

Federal government investigators are puzzling the pieces to identify Hackers who have repeatedly penetrated the computer network of the company that runs the Nasdaq Stock Market.

The platform that facilitates the trading operations of the exchange was not compromised, investigators told the media. However, it couldn’t be determined which other parts of Nasdaq’s computer network were hacked.

Official on the case are considering a wide range of possible motives for the hack, including theft of trade secrets, unlawful financial gain and a national-security threat designed to hinder the exchange.

Because of Nasdaq’s vital role to many other critical systems, the hacking has set off a series of alarms within the government. Full Article…

Steve Case: Looking for ‘Speedups,’ Not Just Startups

Yesterday the White House launched its Startup America Partnership, a private sector campaign that is part of recent initiatives by the Obama Administration to better support—and thus wring more jobs out of—high potential ventures. The campaign isn’t limited to early-stage companies or specific sectors or regions. “Our focus is as much on what we think of as ‘speedups,’ not just startups, says Startup America’s chair, Steve Case, best known as co-founder of AOL and an architect of its ill-fated merger with Time Warner. “Our primary focus will be on accelerating the growth of high-growth companies. They have to be demonstrating that they’re pursuing some product or service that really has the potential to scale. With the capital

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Social Media: Facebook Deals Are Coming to Canada

Just days ago I was writing about Foursquare for Business, a phone app that lets people share their location and their opinions about it with their social network.

Now Facebook is entering the social media recommendations arena with Facebook Deals, a smartphone application that connects consumers to discounts offered at nearby businesses.

How does it work? You use your phone to go to the Facebook application, Places, which lets your phone know where you are located and then Facebook Deals tells you which discounts are available in the immediate vicinity.

Facebook has signed 11 major retailers, including Joe Fresh, Indigo, Telus, Kiehl’s, H&M and Town Shoes, to start.

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Forex Trading: USDJPY Breaks Above Trendline Resistance

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The Role of Internet and Social Media in Egypt’s Uprising

Even though the authoritarian leadership of Egypt did everything in their power to completely block Internet access, protesters are still finding ways to post information on the current uprising in the country online. Social media networks such as Twitter, Facebook and video sharing sites, such as You Tube, have been the main source for people around the world to follow the developments in Egypt in real time. Protesters were using these websites, as well as emails and text messages, to coordinate their efforts and spread information.

There is no doubt that social media networks are playing an important role in the latest uprising in Egypt.

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Chrysler plans to pay UAW workers a $750 “performance award”

Next week Chrysler plans to pay its UAW and CAW employees an average “performance award” of $750, based on the automaker’s 2010 operating profit of $763 million. This all comes at a surprise to investors given the fact Chrysler lost $652 million after interest expenses and other restructuring obligations.

Workers who get paid by salary, except for the top 50 executives of the company, also will receive the award, a Chrysler spokeswoman said early in the week. Because the company still has debt of $5.8 billion to the feds, the U.S. Full Article…

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