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.”
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.
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.
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.
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
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.
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.
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.
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.
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.