Garmin partners with GyPSii geo-social network, find where your friends are and how to get there

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Sat-nav expert Garmin has announced a long-term deal with the geo-location and social networking site GyPSii, which will give the hardware manufacturer access to a range of new services including friend finding, sharing of photos and videos, and mobile search.

GyPSii already runs on a wide range of mobile phone operating systems, including Symbian, Windows Mobile, BlackBerry, and the iPhone, and in an increasingly competitive market it’s not surprising that Garmin would want to partner in order to give its sat-navs and mobile phones more social skills…

Web 2.0 companies aren't making money, say investors

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A large number of Web 2.0 companies aren’t making any money, or at least no revenue, despite being popular, according to entrepreneurs and financiers in the know.

Many sites offering social networking, providing space for user-generated content, and offering other cool online services, just aren’t successful when it comes to bringing in the cash. Some observers are predicting that the myriad of startup companies currently trying to get noticed will be gone in the next couple of years, leaving just a handful of financial successes…