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A new study from Deloitte estimates that Facebook’s economic impact is worth £12.7bn to the EU and Switzerland, supporting over 232,000 jobs.
The report, which was commissioned by Facebook, found that in the UK alone it supports 35,200 jobs and contributes £2.2bn to the country’s GDP.
Online retail sales during the holiday season increased by 15% in 2011 compared to 2010, according to data from Monetate.
Sales at brick-and-mortar stores increased by just 4% in the same period.
Marks & Spencer has introduced personalised recommendations to its website.
Customers will be shown other products based on recently viewed items, items that other customers have purchased and top sellers.
M&S says that by adjusting results in real-time users see suggestions that are “highly relevant and meaningful.”
Digital revenues for record companies hit $5.2bn in 2011, up 8% year-on-year.
The International Federation of the Phonographic Industry (IFPI) Digital Music Report for 2012 found that a slower rate of decline in physical sales meant that overall the market’s drop slowed to 3%, at around $16.2bn.
MSN has extended its mobile offering with a new iPad app, mirroring the format of its redesigned website with five different channels.
The site is already available on mobile, PC and Xbox, and MSN says the free iPad app is part of a plan to bring its content to as wide an audience as possible.
YouTube has announced that its users upload 60 hours of footage per minute and watch 4bn videos each day.
Aside from being an impressive milestone, the statistic will be a useful sales tool for the video site as it seeks to bring in more advertising revenue following its recent redesign.
Amnesty International achieved a 500% increase in response to an e-petition by using Shazam to drive awareness of the campaign.
The annual Marathon of Signatures aims to put pressure on governments that are responsible for human rights abuse.
By using Shazam, an app that identifies songs, and encouraging sharing through social media Amnesty achieved more than 250,000 signatures in less than a week, up more than 500% on 2010.
Blockbuster has announced a series of exclusive DVD rental partnerships as it plans to take on streaming services like LoveFilm and Netflix.
Following a deal with several Hollywood studios including Disney, Icon and Lionsgate, new movies including Drive and Tinker, Tailor, Soldier, Spy will be available to rent in the UK from Blockbuster for three weeks prior to general release.
The DVDs can be rented online or at one of Blockbuster’s 600 high street stores, but cannot be streamed online.
Almost two-thirds of UK consumers are willing to pay to stream films online, while 30% would pay for TV shows.
But statistics from KPMG’s Media and Entertainment Barometer show that the willingness of consumers to pay for streamed TV is still yet to take off in the UK, increasing just 3% between September 2010 and October 2011.
Google has added a new feature to its Hotel Finder that filters hotels based on their maximum travel time from a location or landmark.
For example, you can ask to be shown all the hotels that are within 20 minutes travel time by public transport from Hyde Park.
Zynga has confirmed that it plans to move into online gambling.
The games company said earlier today that it is in talks with potential partners about adding real money gambling to its current range of freemium games.
Expedia has launched a new crowdsourced deals feature on its US site.
Last-Minute Deals automatically identifies the best deals found by other travellers for hotels rooms and flights. It is done anonymously in the background so doesn’t require any additional action by Expedia customers.