LONDON -- The world's largest video search engine, Blinkx (ISE: BLNX.L) , has launched a new site catering to social networkers.
The company said: "The rise of social networks and the proliferation of powerful connected devices have profoundly changed the way that we interact with the web"
The company's chief technology officer, Matt Scheybeler, added: "We use search as a starting point less often, and instead, we've become comfortable scanning and processing long streams of information -- Facebook pages and Twitter feeds."
The new site, which is designed with social networking in mind, is intended to feel like a personal TV channel. It will provide a constant stream of videos customized according to users' social graph, topics they have chosen to follow, and viewing preferences.
It will also allow users to view their videos on different devices such as tablets and smartphones. Additionally, users can start watching a video on one device and continue watching on another device without interruption.
Shares in Blinkx, which was floated on the London Stock Exchange's AIM market in 2007, rose slightly to 63 pence in early trading. This values the company at around 225 million pounds.
Currently, Blinkx is penciled in for full-year profits of about 7 million pounds, which rates the shares on a lofty price-to-earnings ratio of 30. That said, the company, which became profitable in 2011, has reported a doubling of annual sales since 2008.
This morning's update from Blinkx underlines how exciting shares can become wonderful investments for ordinary investors.
But if you're keen to earn even greater returns, this free Motley Fool report -- "10 Steps To Making A Million In The Market" -- could help you on your way. The report highlights how choppy markets can still provide the big winners to take you to that magic million.
You can download "10 Steps To Making A Million In The Market" for free right now. But hurry, the report is available for a limited time only.
Investing is by no means easy in today's uncertain economy. That's why we've published "The Market's Top Sectors" -- our guide to three favorable industries. This free report will be dispatched immediately to your inbox.
Further Motley Fool investment opportunities:
The article Blinkx Gets Personal With Next-Generation Search originally appeared on Fool.com.
David Kuo does not own shares in Blinkx. The Motley Fool owns shares of Facebook.Motley Fool newsletter serviceshave recommended buying shares of Facebook. The Motley Fool has adisclosure policy.
We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.