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Nov 23, 2014

European Parliament may propose Google break-up in draft resolution

By Alexei Oreskovic, Julia Fioretti and Alastair Macdonald

(Reuters) – The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc’s (GOOGL.O: Quote, Profile, Research) search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company’s dominance in the search market.

European politicians have grown increasingly concerned about Google’s and other American companies’ command of the Internet industry, and have sought ways to curb their power. A public call for a break-up would be the most far-reaching action proposed and a significant threat to Google’s business.

Nov 21, 2014

European parliament may propose search services split in threat to Google

By Alexei Oreskovic and Julia Fioretti

(Reuters) – The European Parliament is preparing to call on regulators to consider splitting Internet search from other commercial services, according to a draft motion seen by Reuters, escalating a longstanding effort to curtail Google Inc’s (GOOGL.O: Quote, Profile, Research, Stock Buzz) dominance of the industry.

European politicians have grown increasingly concerned about Google’s and other American companies’ command of the Internet industry, and have sought ways to curb their power. A public call for a break-up would be the most far-reaching action proposed and a significant threat to Google’s business.

Nov 20, 2014

Yahoo CEO says Firefox deal will boost search market share

SAN FRANCISCO, Nov 19 (Reuters) – Yahoo Inc struck
a deal with Firefox maker Mozilla Corp to replace Google Inc
as the default search engine on the Firefox Web
browser in the United States, a move that Yahoo Chief Executive
Marissa Mayer said will help boost its flagging search market
share.

The deal between the two companies will start in December
and is set to last five years, Yahoo said. Mayer would not
disclose the financial terms other than to say that the
partnership is a revenue sharing agreement and includes certain
“guarantees.”

Nov 17, 2014

Facebook service aimed at professionals to launch in a few months: source

SAN FRANCISCO (Reuters) – Facebook Inc’s professional version of its social network aimed at businesses will launch in the next few months, a person familiar with the matter told Reuters on Monday.

The world’s No.1 Internet social network with 1.35 billion monthly users has been quietly testing a version of its website geared toward workplace collaboration. The service, dubbed Facebook at Work, allows users to exchange messages and share documents using Facebook’s scrolling news feed and other familiar features from the consumer version of Facebook.

Nov 14, 2014

Insight: Google Glass future clouded as some early believers lose faith

SAN FRANCISCO (Reuters) – After two years of popping up at high-profile events sporting Google Glass, the gadget that transforms eyeglasses into spy-movie worthy technology, Google co-founder Sergey Brin sauntered bare-faced into a Silicon Valley red-carpet event on Sunday.

He’d left his pair in the car, Brin told a reporter. The Googler, who heads up the top-secret lab which developed Glass, has hardly given up on the product — he recently wore his pair to the beach.

Nov 14, 2014

Google Glass future clouded as some early believers lose faith

SAN FRANCISCO, Nov 14 (Reuters) – After two years of popping
up at high-profile events sporting Google Glass, the gadget
that transforms eyeglasses into spy-movie worthy technology,
Google co-founder Sergey Brin sauntered bare-faced into a
Silicon Valley red-carpet event on Sunday.

He’d left his pair in the car, Brin told a reporter. The
Googler, who heads up the top-secret lab which developed Glass,
has hardly given up on the product — he recently wore his pair
to the beach.

Nov 12, 2014

Twitter considers crafting new apps, improving messaging

SAN FRANCISCO (Reuters) – Twitter Inc is considering creating additional mobile applications beyond its core messaging service and ways of making it easier for newcomers to use its service, as it vies with Facebook Inc and other social media for smartphone users.

Shares of Twitter were up more than 6 percent at $42.14 in midday trading on Wednesday following the comments, in San Francisco at the company’s first financial analyst day.

Oct 29, 2014

Facebook warns of increased spending, shares fall

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O: Quote, Profile, Research) warned on Tuesday of a dramatic increase in spending in 2015 and projected a slowdown in revenue growth this quarter, slicing a tenth off its market value.

The hefty spending plans exposed the first signs of stress in the rock-solid support that investors have accorded the social networking company over the past year.

Oct 28, 2014

Facebook third-quarter revenue rises 59 percent, shares down slightly

SAN FRANCISCO (Reuters) – Facebook Inc’s mobile ads powered the social network past Wall Street revenue targets in the third quarter, even as the company revealed deep losses in its recently acquired WhatsApp business.

Shares of Facebook, which are roughly up 47 percent this year, were down less than one percent at $80.20 in extended trading on Tuesday.

Oct 28, 2014

Facebook Q3 revenue rises 59 percent, shares down slightly

SAN FRANCISCO, Oct 28 (Reuters) – Facebook Inc’s
mobile ads powered the social network past Wall Street revenue
targets in the third quarter, even as the company revealed deep
losses in its recently acquired WhatsApp business.

Shares of Facebook, which are roughly up 47 percent this
year, were down less than one percent at $80.20 in extended
trading on Tuesday.

    • 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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