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Google Close to Acquiring Meebo for $100 Million

Google is in discussions to acquire Meebo for as much as $100 million, sources have told the often-reliable AllThingsD. Meebo was founded in 2005 as a messaging app for the browser, a product that still exists as Meebo Messenger. The Mountain View, Calif.-based startup has since developed an expanding suite of social and mobile apps for consumers as well as publishers, each designed to enable online communication. Meebo raised $25 million in its last round of financing in 2010. The round was led by Khosla Ventures with participation from Draper Fisher Jurvetson and Sequoia Capital

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Google is in discussions to acquire Meebo for as much as $100 million, sources have told the often-reliable AllThingsD.

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Meebo was founded in 2005 as a messaging app for the browser, a product that still exists as Meebo Messenger. The Mountain View, Calif.-based startup has since developed an expanding suite of social and mobile apps for consumers as well as publishers, each designed to enable online communication. Meebo raised $25 million in its last round of financing in 2010. The round was led by Khosla Ventures with participation from Draper Fisher Jurvetson and Sequoia Capital

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Google May Be Close to Acquiring Meebo for $100 Million [REPORT]

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Myanmar

Digital Revolution and Repression in Myanmar and Thailand

Activists have also proactively published social media content in multiple languages using the hashtags #WhatsHappeningInMyanmar and #WhatsHappeningInThailand to boost coverage of events on the ground.

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By Karen Lee

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Following the February 1 coup, Myanmar’s netizens became the latest to join the #MilkTeaAlliance, an online collective of pro-democracy youth across Asia.

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Ecommerce

How will oil prices shape the Covid-19 recovery in emerging markets?

Oxford Business Group

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How will oil prices shape the Covid-19 recovery in emerging markets?
– After falling significantly in 2020, oil prices have returned to pre-pandemic levels
– The rise has been driven by OPEC+ production cuts and an improving economic climate
– Higher prices are likely to support a rebound in oil-producing emerging markets
– Further virus outbreaks or increased production would pose challenges to price stability

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A combination of continued production cuts and an increase in economic activity has prompted oil prices to return to pre-pandemic levels – a factor that will be crucial to the recovery of major oil-producing countries in the Middle East and Africa.

Brent crude prices rose above $60 a barrel in early February, the first time they had exceeded pre-Covid-19 values. They have since continued to rise, going above $66 a barrel on February 24.

The ongoing increase in oil prices, which have soared by 75% since November and around 26% since the beginning of the year, marks a dramatic change from last year.

Following the closure of many national borders and the implementation of travel-related restrictions to stop the spread of the virus, demand for oil slumped globally.

In the wake of the Saudi-Russia price war in early 2020, Brent crude prices fell from around $60 a barrel in February that year to two-decade lows of $20 a barrel in late April, as supply increased and demand plummeted. The value of WTI crude – the main benchmark for oil in the US – fell to record lows of around $40 a barrel last year on the back of a lack of storage space.

While global demand for oil remains low, one factor credited with reversing the trend is the decision to make significant cuts to oil production, which subsequently tightened global supplies.

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How the Rural-Urban Divide Plays Out on Digital Platforms

It is one thing for entrepreneurs, whether urban or rural, to create and operate an online store, as some digital platforms have made it relatively easy to manage an e-store – even by using just a smartphone.

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In the West, villages are emptying out due to the lack of economic opportunities. Consider Italy where, in a bid to attract newcomers, a handful of municipalities have turned to selling houses for €1.

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