Social network use costs firms over '£130m per day'

Employees that spend time on social networks during work hours are costing UK firms "more than £130m per day" in lost work time, according to a new and frankly rather one-eyed looking survey.

The study, by employment law firm Peninsula, concludes that 233m hours are lost as a result of social network use and that employers need to take action.


Ebay introduces video listings

Auction site eBay is to give its UK sellers a new tool to boost their sales by allowing them to advertise their products by using videos in their listings for the first time.

Sellers can upload video from a list of hosting sites approved by eBay. These include YouTube, Dailymotion, and Vzaar.


PCC demands kitemarks on news websites

In another example of old media attacking the blogosphere, Press Complaints Commission chairman Sir Christopher Meyer has called for kitemarks to be added to news websites as a measure of their reliability.

According to Meyer, there is 'a crying need to be able to distinguish between what is rubbish and what is quality, between what is fantasy and what reliable'.

What is immediately apparent here is the irony of a lecture on 'trust' from somebody who caused a diplomatic furore after publishing a book full of insider secrets shortly after leaving his position as British ambassador to the US. Ho hum.


Over 50% abandon financial service applications - study

More than half the people that apply online for various financial services abandon the process before completion, according to a new survey. 

The study, by comScore, suggests many of these abandonments occur because consumers want to find out details about the services on offer, but that information is hidden behind the application process.


Xing membership reaches the 4m mark

Business social network Xing's membership reached 4m at the beginning of September, helped by its acquisition earlier this year of two Spanish networks.

Xing has posted some pretty impressive user growth figures recently, announcing in March that its membership had grown by 149% to 2m at the end of 2006.


Technorati redesigns homepage again

Technorati has released another update of its homepage, shifting the site's emphasis back towards blogs, rather than videos, music and podcasts.


WPP buys interactive agency

‘Sir Martin Sorrell’s WPP’ has made another foray into the online ad world, this time with a deal for LA-based interactive agency Schematic.

The acquisition, reckoned to be worth around $100m if targets are met, will see Schematic folded into the ad giant’s digital unit.


L'Oreal sues eBay over counterfeit goods

French cosmetics firm L'Oreal has sued eBay over the sales of counterfeit versions of its perfumes and other cosmetics products on the site.

The company said it had contacted eBay to deal with the issue, but has not been satisfied by its response. Louis Vuitton and Christian Dior both filed similar lawsuits against the auction giant last year.


Tips for a successful email campaign

Lisa Finfer at DMNews has jotted down a few tips for email marketers, with relevancy again being cited as a key factor in generating results.

In Lisa's article, she outlines a four step process for marketers to increase open rates and conversions.

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Share your favourite places with Tipped

Tipped, a new site launched last week, provides people with the chance to view and share tips on the best places in their local areas, from bars and restaurants to shops and hotels.

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Review provider gets cash injection

Bazaarvoice, the provider of consumer reviews to online retailers, has secured a new round of funding from investors, according to this article on TechCrunch.

The $8.8m round was led by Battery Ventures and will see its general partner Neeraj Agrawal joining the company’s board.


Quechup launches worldwide spam campaign

We’re seeing some appalling behaviour from social networking wannabe Quechup, which is conducting a massive spam campaign on a scale not seen since the heady days of Dr Mariam Abacha.

If trust is everything, then this is the sort of thing that can kill a brand. Quechup is potentially in a lot of trouble with its users, and legally it is skating on very thin ice.