Silicon Alley rapid halt during the early 2000s recession. During this economic contraction, many internet companies in Silicon Alley folded. The recession also affected publications that covered the sector. After the dot-com bust, the "Silicon Alley Reporter" was rebranded as "Venture Reporter", in September 2001, and sold to Dow Jones. Self-financed AlleyCat News ceased publication in October 2001. A couple of years after the dot-com bust, Silicon Alley began making its comeback with the help of NY Tech Meetup, and NextNY. On December 19, 2011, then Mayor Michael R. Bloomberg announced his choice of Cornell University and Technion-Israel Institute of Technology to
New media in Ghana trends and the emotions behind the messages, to help companies respond effectively to customers. It also taps into social media platforms so companies can have a broader customer reach. Dropifi application software company in July 2013 had over 6,000 clients in more than 30 countries worldwide and is currently focused on technology international market. New media in Ghana The use of new media in Ghana like elsewhere is growing. The Information and Communications Technologies (ICT) sector, which is based on a free market approach, has promoted new media use. Most popular aspects of new media to Ghanaians is the Internet,