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Facebook’s Zuckerberg kicks off investor show in NY
NEW YORK (Reuters) – Facebook Inc CEO Mark Zuckerberg fielded questions about the No. 1 social network’s slowing revenue growth and its $1 billion purchase of Instagram as he kicked off a cross-country roadshow to promote the company’s $10 billion initial public offering Originally posted here: Facebook’s Zuckerberg kicks off investor show in NY Read More →
Iran slams Google for leaving Gulf nameless
Iran on Saturday criticised Google for leaving the body of water separating it from the Arabian peninsula nameless on its online map service, saying it would hurt the Internet giant’s credibility. See original here: Iran slams Google for leaving Gulf nameless Read More →
Yahoo in talks to sell 15-25 percent of Alibaba: source
SAN FRANCISCO (Reuters) – Yahoo Inc could be weeks away from selling 15 to 25 percent of Alibaba Group’s stock back to China’s largest e-commerce company, in a deal designed to eliminate complexities that had scuttled the parties’ previous negotiations, a person familiar with the matter said. The two companies have been in talks for a month, the person said, but cautioned that... [Read more]
Wedbush starts Facebook with outperform rating
(Reuters) – As Facebook Inc prepares to market its $10.6 billion initial public offering to U.S. fund managers next week, brokerage Wedbush Securities set a $44-per-share price target that implies a potential capital gain of about 40 percent for IPO investors. Facebook on Thursday set an indicative IPO price range of $28 to $35 a share, which would value the world’s largest online social... [Read more]
Facebook plans to raise $10.6 billion in mega IPO
SAN FRANCISCO (Reuters) – Facebook Inc aims to raise about $10.6 billion in Silicon Valley’s largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world’s largest social network a market value close to Amazon.com’s. The eight-year-old social network that began as Mark Zuckerberg’s Harvard dorm room project indicated an initial... [Read more]
YouTube covets TV gold with new channels
SAN FRANCISCO (Reuters) – The cramped third-floor studio where a scarf-wearing puppet is being filmed feels more like the hive of an Internet startup than the set of a video production. Squatting behind a table on one end of the room, the show’s director does double-duty as puppeteer, while colleagues outside the camera’s field of view toil on Mac computers. Here is the original: YouTube... [Read more]
Madison Avenue turns to social game advertising
(Reuters) – Self magazine Publisher Laura McEwen sits in her office in the posh Conde Nast building overlooking New York’s Times Square and does nothing but play video games for at least an hour or two a day. She isn’t goofing off — she is doing market research for “Self Workout in the Park,” a video game she helped create to capitalize on the explosive growth of... [Read more]
ICANN to notify domain applicants of data breaches
LONDON (Reuters) – Organizations taking part in the most ambitious expansion of the Internet so far will find out next week whether their applications for new domain names could have been viewed by competitors as a result of a software bug. The U.S. non-profit Internet Corporation for Assigned Names and Numbers (ICANN), which operates the Internet’s naming system, has been inviting Organizations... [Read more]
Amazon wins some skeptics over, shares surge
SAN FRANCISCO (Reuters) – Amazon.com Inc’s stellar quarterly results are helping convince skeptics on Wall Street that a bout of intense spending is beginning to pay off for an Internet retailer trying to transform itself into a technology company. Shares of Amazon leapt 16 percent on Friday, after it reported first-quarter earnings and margins late on Thursday that were well above investors’... [Read more]
Intuit to buy Demandforce for $423.5 million
(Reuters) – Intuit Inc, the maker of tax preparation software TurboTax, said it agreed to buy Demandforce, a software-as-a-service application provider, for $423.5 million in cash. “Demandforce sits at the sweet spot of Intuit’s small- and medium-sized businesses customer base,” said Kiran Patel, the executive vice president and general manager of Intuit’s Small Business... [Read more]