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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.

Oct 28, 2014

Google’s YouTube explores paid, ad-free video service

SAN FRANCISCO, Oct 28 (Reuters) – YouTube, the popular
online video service owned by Google Inc , is
planning to offer a paid, ad-free version, the head of the site
said.

The move would represent a significant change for the
world’s No. 1 online video website, whose free videos, often
accompanied by short commercials, attract more than 1 billion
users a month.

Oct 24, 2014

Google’s Pichai to oversee major products and services

SAN FRANCISCO (Reuters) – Google Inc Chief Executive Officer Larry Page has put Sundar Pichai, one of his key lieutenants, in charge of the Internet company’s products.

The India-born executive will have oversight over products such as search, maps, Google+, commerce, advertising and infrastructure, according to a Google spokesman. Six executives who previously reported to Page, including the heads of research, social media and search, will now report to Pichai, according to Re/code, which first reported the change on Friday, citing an internal memo.

Oct 23, 2014

Google commits to $1 billion in long-term office leases

SAN FRANCISCO (Reuters) – Google Inc said it is committed to spending $1 billion to lease office buildings over the next 13 to 14 years.

Google did not say where the office buildings were located in its disclosure as part of its quarterly regulatory filing with the U.S. Securities and Exchange Commission on Thursday.

Oct 23, 2014

Google bolsters artificial intelligence efforts, partners with Oxford

SAN FRANCISCO (Reuters) – Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to “accelerate” its efforts.

Google will make a “substantial contribution” to establish a research partnership with Oxford’s computer science and engineering departments, the company said on Thursday regarding its work to develop the intelligence of machines and software, often to emulate human-like intelligence.

Oct 22, 2014

Yahoo CEO Marissa Mayer parries activist investor attacks

SAN FRANCISCO (Reuters) – Yahoo Inc’s CEO is trying to steer investor focus away from the tech company’s stagnant revenue and toward achievements and growth prospects that have been flying below the radar.

Chief Executive Marissa Mayer spent much of Tuesday’s earnings call highlighting improvements in Yahoo’s mobile business, the benefits from acquisitions and billions of dollars in buybacks.

Oct 21, 2014

Yahoo ekes out Q3 revenue gain despite display ad weakness

SAN FRANCISCO (Reuters) – Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle.

Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday.

“This is a continuation of what we’ve seen for most of the last two years,” said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business.

Oct 21, 2014

Yahoo ekes out third quarter revenue gain despite display ad weakness

SAN FRANCISCO (Reuters) – Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle.

Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday.

“This is a continuation of what we’ve seen for most of the last two years,” said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business.

    • 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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