FastWeb Founder Launching Babelgum
Silvio Scaglia transformed FastWeb from a start-up with a plan to bring fiber-optic cables into houses from Milan to Palermo into a company with €1.3 billion in annual sales and 1.1 million clients. Now, Scaglia, the FastWeb founder, chairman and largest shareholder, is turning his attention to a new venture, an Internet television and web video on-demand service called Babelgum.
Scaglia has invested €10 million, or $13.2 million, of his own money in Babelgum and is the company’s chairman and sole investor. The service aims to stream videos online at close-to-television quality using p2p technology similar to that used by Internet phone calling services. It will be introduced publicly in a testing phase at the end of the month, with a full release expected by the end of the year.
Via: IHT.
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YouTube.com Gets Hacked..!!! (??)
Seems someone (w/bad grammar) got their hooks into YouTube.com
Update: Then again.. maybe not. Think they were missing the daily average traffic totals with Yahoo! launching their new video site today..?!? Cute trick to generate some buzz-back