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May 7, 2014

Alibaba files for what may be biggest tech IPO

SAN FRANCISCO (Reuters) – Alibaba gave investors a closer look at the scale and growth of the Chinese e-commerce juggernaut in an initial public offering (IPO) prospectus filed on Tuesday, the first step in what could be the largest technology debut in history.

Alibaba Group Holding Ltd, which powers 80 percent of all online commerce in the world’s second-largest economy, is expected to raise more than $15 billion, and could top the $16 billion pulled in by Facebook Inc when it listed in 2012.

Apr 29, 2014

White House wades cautiously into effort to protect online privacy

WASHINGTON/SAN FRANCISCO (Reuters) – The White House will lay out ideas this week for protecting U.S. consumers’ privacy in an era in which the ubiquitous use of computers and mobile phones provides a constant data feed on individuals.

But after a 90-day review of “big data,” the White House is expected to suggest ways to encourage companies to protect privacy and identify areas for further study, rather than calling for a legislative overhaul.

Apr 29, 2014

Glam Media changes name to Mode, expands into online video

SAN FRANCISCO, April 29 (Reuters) – Glam Media, the online
lifestyle publishing company, is changing its name to Mode Media
and heading into the increasingly crowded market offering
original online video programming.

The company said on Tuesday it would launch 10 original
online video series and create its own video production studio.
The new programs, on topics ranging from food to home design,
are due to debut on Tuesday on websites owned by Mode Media.

Apr 29, 2014

Yahoo ramps up video effort with new online comedy video series

SAN FRANCISCO (Reuters) – Yahoo Inc bolstered its line-up of online video programming on Monday with two original comedy series and a new Web channel that will stream live concerts.

The two comedy series, which Yahoo will show on its website next year, are the first long-form original comedies in Yahoo’s growing selection of online video. Each series will consist of eight 30-minute episodes which Yahoo will post on its website all at once.

Apr 28, 2014

Google says self-driving car tests now focused on city driving

SAN FRANCISCO (Reuters) – Google Inc said it has begun testing its self-driving cars on city streets, a crucial new phase in its quest to eventually make the technology a standard feature in automobiles.

After several years of testing self-driving cars on freeways, where driving conditions are more predictable, Google in the past year shifted its focus to city street driving, the company said in a post on its official blog on Monday.

Apr 24, 2014

Baidu forecasts stronger-than-expected second-quarter revenue

By Alexei Oreskovic and Paul Carsten

(Reuters) – Chinese Internet company Baidu Inc forecast better-than-expected revenue for the second quarter, sending shares up 5 percent in after-hours trading.

Baidu said revenue in the second quarter will range between 11.820 billion yuan ($1.901 billion) and 12.110 billion yuan ($1.948 billion). Analysts polled by Thomson Reuters I/B/E/S were looking for second-quarter revenue of 11.573 billion yuan.

Apr 24, 2014

Google social networking boss Gundotra leaving company

SAN FRANCISCO (Reuters) – Google Inc’s head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network.

Gundotra, who has worked at Google for eight years, announced the move in a Google+ post. He did not give a reason or say where he was going, but related a story about a sudden death in his extended family which made him rethink life’s priorities.

Apr 24, 2014

Facebook acquires fitness tracking mobile app Moves

SAN FRANCISCO (Reuters) – Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the nascent market for fitness and health monitoring technology.

Facebook did not disclose the price it paid for ProtoGeo Oy, the 2-year-old Helsinki company that makes the Moves app. A Facebook spokesman said the price for ProtoGeo, which has fewer than 10 employees, was not anywhere near what the company had paid for other higher-profile acquisitions recently.

Apr 24, 2014

Facebook’s next growth engines still warming up

SAN FRANCISCO, April 23 (Reuters) – Facebook Inc has
a message for Wall Street: Don’t expect new revenue streams
anytime soon.

The world’s No. 1 Internet social network delivered its
strongest revenue growth in several years during the first
quarter, as its mobile ad business gained steam.

Apr 23, 2014

Facebook first-quarter revenue grows 72 percent on rising mobile ads

SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street’s revenue target.

Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday.

    • 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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