Will the Purchase of the Tuenti Social Network Rejuvenate Telefónica? In August, Telefónica, the Spanish provider of telecom services to 176 million customers in Latin America, completed its acquisition of Tuenti, the Spanish operator of an online social network that has become a real phenomenon among 14-to-25-year-olds, and a direct competitor of Facebook in Spain.
Telefónica paid €70 million for an 85% share of Tuenti. But what is Telefónica getting? Trade’s primary benefits — in Wisconsin, Texas, and Ohio. In the Washington Times today, Donald Lambro focuses on the recent primary in Wisconsin and questions the attacks on trade by presidential hopefuls Hillary Clinton and Barack Obama.
Lambro points out how Wisconsin has gained from trade: In dollar terms, Wisconsin’s exports totaled $17.2 billion in 2006, up by 64 percent since 2001. vBulletin, the most powerful forum software.