Twitter’s Dorsey says to give a third of his stock to employee equity pool

(Reuters) – Twitter Inc Chief Executive Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool. This move is to “reinvest directly in our people,” Dorsey, who was named as the company's permanent CEO earlier this month, said in a tweet on Thursday. Twitter could not be reached immediately for a comment outside regular business hours.

Read more

Twitter appoints Jack Dorsey CEO, seeks new chairman

Twitter Inc named Jack Dorsey as its permanent CEO but said it would look elsewhere for a chairman, seeking to allay concerns about its co-founder's dual role as head of the mobile payments company Square. Twitter's shares rose as much as 6 percent on Monday after the announcement, which ended months of speculation about who would take the top job at the microblogging service. Dorsey has been running Twitter as interim CEO to much acclaim since his predecessor, Dick Costolo, stepped down on July 1

Read more

Square could take hit on IPO with Jack Dorsey leading Twitter

By Heather Somerville SAN FRANCISCO (Reuters) – The much anticipated initial public offering from Silicon Valley payments company Square could take a price hit if its chief executive, Jack Dorsey, takes a second and possibly more demanding job: running Twitter. “Management and management focus are the single most determining factor of the success or lack thereof of a company pursuing an IPO,” said Lise Buyer, an IPO consultant with Class V Group in Silicon Valley who also helped guide Google Inc's IPO

Read more

EU antitrust chief says Apple, Google cases show no U.S. bias

By Foo Yun Chee BRUSSELS (Reuters) – Europe's antitrust chief dismissed on Friday accusations of anti-U.S. bias over her decision to go after Google for abusing its Internet search dominance and Apple over an Irish tax deal, saying such talk was a fallacy

Read more

Wisconsin refutes hoax that lawn ornaments counted in state deer tally

By Brendan O'Brien MILWAUKEE (Reuters) – Wisconsin wildlife officials have taken to social media to refute a hoax letter that suggested they had mistakenly added deer lawn ornaments to the last two annual statewide deer tallies.

Read more

Ashley Madison owner says website still adding users after data hack

Hundreds of thousands of people signed up for infidelity website Ashley Madison in the last week, parent company Avid Life Media said on Monday, even after hackers leaked data about millions of its clients. “Recent media reports predicting the imminent demise of Ashley Madison are greatly exaggerated,” the company said in a statement

Read more

Kanye West gets political action committee, presidential jokes go viral

Images of Kanye West's face on Mount Rushmore and a potential White House takeover by the Kardashian reality TV clan fired up social media on Monday, a day after the rapper virtually hijacked a rambunctious MTV Video Music Awards (VMA) show as he declared he planned to run for U.S. president in 2020. West, who is married to Kim Kardashian, sparked dozens of satirical memes on social media after his rambling, 13-minute speech on Sunday – when he admitted he had “rolled up a little something earlier in the night – while accepting the Video Vanguard award for lifetime achievement

Read more

China state fund CIC invests in taxi app Didi Kuaidi: source

China's sovereign wealth fund has invested an unspecified amount in Didi Kuaidi, China's dominant ride-hailing app which is competing against U.S. firm Uber Technologies, a person with knowledge of the matter said on Tuesday. The person said China Investment Corp (CIC) was one of several investors that injected more than $2 billion in recent months into the startup, which is now valued at $15 billion.

Read more

Expedia beats Wall Street view, shares rise

(Reuters) – Expedia Inc on Thursday posted a second-quarter profit above analysts' expectations and announced a larger dividend as travel bookings grow, sending its shares up more than 7 percent in after-market trade. Expedia, which became the world's largest online travel services company by bookings in the first quarter, earned $449.6 million in the second quarter. On an adjusted basis, it earned $118.6 million, or 89 cents per share, compared to analysts' average estimate of 84 cents per share, according to Thomson Reuters I/B/E/S

Read more