• You may not have heard of Netflix - an American DVD rental company not unlike the UK's Lovefilm - but you might have heard of their prize: the offer of $1m to anyone who could significantly improve their recommendation algorithms. Three years of slaving away, and it looks like things are done: nothing's certain yet, but apparently international team The Ensemble has done it.
• Less than two months after it went on sale, retailers have started halving the price of the Palm Pre, reports Pre Central. What does that mean for the UK launch, coming later this year?
• And another blow to the early social network Friends Reunited. We reported yesterday that the company - owned by struggling broadcaster ITV - could be ready to sell for $15m. That's a hefty climbdown from the £120m in cash ITV paid in 2005 - and other subsequent payments that took the price even higher.
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