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Jan 30, 2015

Despite Glass failings, Google defends ‘license’ to spend

SAN FRANCISCO (Reuters) – Google Inc plans to keep making ambitious and costly bets on futuristic products, even if it means shelving some of its most beloved projects.

The Internet search company acknowledged for the first time on Thursday major problems with its Google Glass wearable computer, noting that it was time for a “pause” and a strategy “reset.”

Jan 29, 2015

Google fourth-quarter revenue misses Wall Street target

SAN FRANCISCO (Reuters) – Google Inc’s (GOOGL.O: Quote, Profile, Research) (GOOG.O: Quote, Profile, Research) revenue grew 15 percent in the fourth quarter but fell short of Wall Street’s target on declining online ad prices and unfavorable foreign exchange rates.

Shares of Google edged up 0.1 percent to $510.66 in extended trading after an initial dip on the news.

Jan 29, 2015

Google 4th-qtr revenue misses Wall Street target

SAN FRANCISCO, Jan 29 (Reuters) – Google Inc’s
revenue grew 15 percent in the fourth quarter but fell
short of Wall Street’s target on declining online ad prices and
unfavorable foreign exchange rates.

Shares of Google edged up 0.1 percent to $510.66 in extended
trading after an initial dip on the news.

Jan 29, 2015

Facebook’s new challenge: sell Wall Street on spending

SAN FRANCISCO (Reuters) – Facebook Inc’s big spending plans are facing a tough reception on Wall Street.

The Internet social networking company, which has dazzled with two years of breakneck revenue growth, is struggling to win support for plans to pump billions of dollars into infrastructure and businesses ranging from virtual reality headsets to satellites.

Jan 28, 2015

Facebook tops Wall Street revenue target in 4th quarter

SAN FRANCISCO, Jan 28 (Reuters) – Facebook Inc’s
revenue grew 49 percent in the fourth quarter, as mobile
advertising growth helped the world’s largest Internet social
network beat Wall Street’s targets for earnings and sales.

But revenue growth was the weakest since the start of 2013,
and spending rose faster. Facebook shares fell about 2.6 percent
in after-hours trade after vacillating above and below the
closing price.

Jan 28, 2015

Facebook to sell real-time Super Bowl ads, taking on Twitter

By Jennifer Saba and Alexei Oreskovic

(Reuters) – This Super Bowl Facebook is taking a page from Twitter’s playbook, for the first time during a football championship selling ads that target people based on what they are talking about in real time.

These include video ads that will play automatically on Facebook’s newsfeed, triggered by key words that members mention in their posts as they watch the American football game on Feb. 1.

Jan 27, 2015

Yahoo sets Alibaba stake spinoff plan, shares jump

SAN FRANCISCO (Reuters) – Yahoo Inc (YHOO.O: Quote, Profile, Research) plans to spin off its 15 percent stake in China’s Alibaba Group Holding Ltd (BABA.N: Quote, Profile, Research), responding to pressure to hand over to shareholders its prized e-commerce investment valued at roughly $40 billion.

Shares of Yahoo were up roughly 7 percent at $51.45 in after-hours trading on Tuesday, following the tax-free spin off announcement and earnings which just beat analysts forecasts even as its revenues slightly lagged estimates.

Jan 27, 2015

Snapchat adds news, entertainment content to messaging service

SAN FRANCISCO (Reuters) – Snapchat has partnered with CNN, ESPN and nine other media companies to feature videos and articles on its mobile messaging service, a move that heightens the competition with social networks such as Facebook Inc and Twitter Inc.

Snapchat’s new Discover service features individual “channels” for its various media partners that include five to 10 stories a day, according to Snapchat, which announced the move on its official blog on Tuesday.

Jan 27, 2015

WikiLeaks blasts Google for quietly handing emails to government

SAN FRANCISCO (Reuters) – WikiLeaks criticized Google Inc on Monday, alleging that the company waited 2-1/2 years to notify members of the anti-secrecy group that it had turned over their private emails and other information to the U.S. government.

In a letter to Google, lawyers representing WikiLeaks said they were “astonished and disturbed” by Google’s actions relating to search warrants it received from federal law enforcement officials and asked for a full accounting of the information Google gave the government.

Jan 20, 2015

Facebook clamps down on fake news stories

SAN FRANCISCO (Reuters) – Facebook Inc said on Tuesday it has taken steps to clamp down on “hoaxes” and fake news stories that can spread like wildfire on its 1.35-billion member online social network.

The company said it had introduced an option to allow Facebook users to flag a story as “purposefully fake or deceitful news” to reduce the distribution of news stories reported as hoaxes.

    • About Alexei

      "I write about Internet companies including Google, Yahoo and Facebook. I’ve covered technology and business for more than ten years at publications including TheStreet.com, CNET and The Industry Standard magazine."
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