This article discusses how OTT (Over The Top) rivlas are cutting into Telelcom Firm profits as their services grow. OTT rivals do not represent the end for Telecom firms, as implementing APIs into their business models could open up untapped revenue sources.
Sociocast raised $1 million in funding from New York’s Raptor Ventures, bringing its total to nearly $6 million. As CEO and founder Albert Azout told Sean Ludwig at Venturebeat, the Prediction API is useful to advertising, social and gaming, retail, finance and government.
Yammer, a microblogging-for-business site and winner of the top prize at the recent TechCrunch50 conference, has released an API to allow developers to build their own applications around the service (Yammer API profile). Created by the people behind genealogy site Geni, Yammer has taken the tried and tested Twitter model, which asks users to answer the question "What are you doing?" in 140 characters or less, and adapted it for businesses, turning the question into "What are you working on?"