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Apr 17, 2014

Sina Weibo skyrockets in debut, sweeping aside censorship concerns

SAN FRANCISCO (Reuters) – Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country’s Internet sector and broader worries about lofty tech-stock valuations.

Investors are scrutinizing the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd.

Apr 17, 2014

Sina Weibo soars in debut, overcoming censorship concerns

SAN FRANCISCO (Reuters) – Shares of Weibo Corp (WB.O: Quote, Profile, Research, Stock Buzz) rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country’s Internet sector and broader worries about the outlook for tech-sector stocks.

Investors are watching the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N: Quote, Profile, Research, Stock Buzz).

Apr 17, 2014

Google, IBM results raise questions about other tech-sector companies

SAN FRANCISCO (Reuters) – Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.

The two companies, both barometers of their respective industries, posted March-quarter results on Wednesday that missed Wall Street’s revenue targets, and their shares fell in after hours trade.

Apr 17, 2014

Google misses revenue target, ad prices slide

SAN FRANCISCO (Reuters) – Google Inc’s first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices.

Shares of Google were down 3 percent to $539.80 in afterhours trading on Wednesday, after initially sliding roughly 6 percent on the news.

Apr 16, 2014

Google first-quarter revenue misses Wall Street targets

SAN FRANCISCO (Reuters) – Google Inc’s first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, pushing its shares sharply lower.

Shares of Google were down 5.7 percent at $525 in after-hours trading on Wednesday.

Apr 16, 2014

Google Q1 revenue misses Wall Street targets

SAN FRANCISCO, April 16 (Reuters) – Google Inc’s
first-quarter revenue fell short of Wall Street targets
and margins narrowed as the price of its ads continued to
decline, pushing its shares sharply lower.

Shares of Google were down 5.7 percent at $525 in
after-hours trading on Wednesday.

Apr 15, 2014

Yahoo’s growth anemic as turnaround chugs along

SAN FRANCISCO (Reuters) – Yahoo Inc barely managed to expand its core advertising business in the first quarter despite Chief Executive Marissa Mayer’s two-year effort to revive growth at the Internet pioneer.

But its shares jumped 8 percent on strong results from Alibaba Group Holding Ltd, the Chinese e-commerce company in which it owns a 24 percent stake, ahead of its highly anticipated initial public offering.

Apr 15, 2014

Yahoo reports modest revenue growth in Q1, shares rally

SAN FRANCISCO, April 15 (Reuters) – Yahoo Inc
delivered modest revenue growth in the first quarter but its
shares jumped on strong results from Alibaba Group Holding Ltd
ahead of the Chinese e-commerce company’s highly anticipated
initial public offering.

Shares of Yahoo were up roughly 8 percent to $36.90 in after
hours trading on Tuesday.

Apr 14, 2014

Google unveils email scanning practices in new terms of service

SAN FRANCISCO, April 14 (Reuters) – Google Inc
updated its terms of service on Monday, informing users
that their incoming and outgoing emails are automatically
analyzed by software to create targeted ads.

The revisions more explicitly spell out the manner in which
Google software scans users’ emails, both when messages are
stored on Google’s servers and when they are in transit, a
controversial practice that has been at the heart of litigation.

Apr 14, 2014

Google spells out email scanning practices in new terms of service

SAN FRANCISCO, April 14 (Reuters) – Google Inc
updated its terms of service on Monday, informing users
that their incoming and outgoing emails are automatically
analyzed by software to create targeted ads.

The revisions more explicitly spell out the manner in which
Google software scans users’ emails, both when messages are
stored on Google’s servers and when they are in transit, a
controversial practice that has been at the heart of litigation.

    • 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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