I have decided to continue with MyTechUpdater under a new name and blogging service. I am now going to be called SF Tech News Now and you can find the new blog at http://www.sftechnewsnow.blogspot.com !

Hope to see all of my readers at the new site!!

Thanks!

And yes you guessed it, the youngest billionaire title does belong to another Facebook co-founder, Dustin Moskovitz who entered the Forbes’ Billionaire list at only 26  years old.  Along with Mark Zuckerberg and Dustin Moskovitz there are still four other Facebook Billionaires.  These four are Eduardo Saverin, investors Sean Parker and Yuri Milner, and the extremely important investor, Peter Thiel.

Currently Facebook has around 600 million members, and the latest valuation of Facebook, has put the Social Networking giant at $60 billion.  The valuation before that put Facebook at $50 billion and it was done by Goldman Sachs and Digital Sky Technologies while they invested around $1.5 billion into the company.  Digital Sky Technologies is a Russian Investment Firm, which is led by one of the Facebook Billionaires, Yuri Milner.

According to Steve Jobs, in the most recent financial report, Apple is still “firing on all cylinders”.  Which also shows how well Apple can operate even without their most enthusiastic leader of all time.  Between the frequency of the devices being released, the extremely high quality of them, and their ability to come out with breakthrough electronics way before any other company.

Steve Jobs

Apple’s title as the “World’s Most Admired Company”, is definitely understandable and makes sense for the four straight years it has held the title.  I can’t wait to see who receives the “World’s Most Admired Company” title from Fortune, next year.

The reports says Android controls 29% of the Smartphone Market, and that Apple and RIM are tied at controlling 27% of the market.  Although I am sure many of you are jumping out of your seats in joy, I do have some bad news.  The numbers used in the report were from November 2010 to January 2011.  This means the Verizon iPhone is not included in the reports and if a report was done now, Apple may be ahead, with Android in second.

Behind the top three is Windows Mobile, which has certainly not shined above the others so far.  The report also shows that there are only two age groups were Android OS is not the most popular smartphone OS.  These age groups are 55-64 and 65+.  Despite the joy that comes from this report, it will be even better once we see which OS is most popular right now.

With this deal being so large, it is still pending approval from Facebook, but if it goes through then it will give General Atlantic an extremely large share in the Social Networking Giant.  All of this is coming after Facebook was valued at $50 billion only a few months ago, from Goldman Sachs.

Goldman Sachs, Digital Sky Technologies and a few other Investment Firms invested around $1.5 billion into Facebook, only a few months ago, at the same time as the $50 billion valuation.  Neither Facebook or General Atlantic are saying anything about the deal, but rumors are spreading about the share purchase and it will be interesting to see where the deal stands.  Between the two most recent valuations, Facebook has technically experienced a 30 percent growth since January.

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The most important part of the letter also stated that “Beluga and Facebook are committed to create new and better ways to communicate and share group experiences.”  This took care of any thoughts that Facebook may shut down the service.  Beluga is a great addition to the array of Facebook services, especially since Facebook does not offer a group messaging service yet.

In a way, this acquisition will be a first for Facebook, since when they have previously acquired start-ups they only wanted the programmers or developers that came a long with it.  This time they are actually going to include the service, proving it is not only a good product, but that it is very important for Facebook to add.

Bing has only been around since the middle of 2009, and has already constructed a partnership with the gigantic Finnish phone maker, Nokia.  This partnership will make Bing the major search engine across all Nokia phones.

The report done by Forrester Research on Monday said that business possibilities included with the Mobile App Market are only beginning.  John McCarthy who wrote up the report also said that if you combine the revenues from Mobile Applications, Services and Business Management it will come out to $54.6 billion.  This is an extremely high amount of revenue considering businesses on average only spend $17 billion to create apps.

Siraj Khalik and David Freidberg

Khosla and Google Ventures together have invested $42 million into WeatherBill.  WeatherBill employees examine climate data and then base insurance on the chance of storms and weather-related disasters.  The two ex-Google employees, David Friedberg and Siraj Khaliq say that WeatherBill is extremely important, due to the $3 trillion in annual Global Agriculture production is always, and increasingly at risk.

It is definettly important as Friedberg who is CEO of WeatherBill says “More than 90 percent of crop losses are due to unexpected weather and climate change is increasing the frequency of extreme weather events”.  It will be interesting to see how WeatherBill progresses, especially with their newly found money.

In a statement Motorola said, “TiVo is attempting to assert its patents against technology disclosed and claimed in Motorola Mobility’s patents, despite the fact that Motorola Mobility’s patents were filed more than three years before TiVo’s patents”.

TiVo has so far made no comment on the complaint.