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Feb 26, 2014

China’s Baidu Q4 revenue tops forecast, shares jump after hours

SAN FRANCISCO (Reuters) – Chinese Internet company Baidu Inc finished 2013 with its fastest revenue growth in more than a year and forecast revenue for the first quarter that beat Wall Street targets thanks to strength in its mobile business.

Shares of Baidu, the largest Internet search engine in China, jumped more than 6 percent in after-hours trade on Wednesday to $184.10.

Feb 25, 2014

LinkedIn jumpstarts China expansion with Chinese language site

SAN FRANCISCO, Feb 24 (Reuters) – Professional social
networking website LinkedIn Corp launched a Chinese
language version of its website on Monday, a move that could
jumpstart its expansion into the world’s largest Internet market
by users even as the company acknowledged it will have to police
what some of them say on its website.

LinkedIn Chief Executive Jeff Weiner acknowledged in a blog
post on Monday that the company would have to censor some of the
content that users post on its website in order to comply with
Chinese rules.

Feb 24, 2014

Facebook CEO riding high – for now, after WhatsApp deal

SAN FRANCISCO/BARCELONA (Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg will take a victory lap at the world’s largest mobile technology conference in Barcelona on Monday, after beating out Google Inc in a $19 billion acquisition of free messaging service WhatsApp. But he is facing a new arduous race on the horizon.

Just 18 months after appearing at risk of getting crushed by the swelling mobile wave, the No. 1 social network is riding high. It gets a huge chunk of ad revenue on world-wide users of smartphones and tablets, from virtually nothing several years ago.

Feb 13, 2014

In new profile feature, Facebook offers choices for gender identity

SAN FRANCISCO (Reuters) – For the first time, Facebook Inc is letting users of its online social network identify themselves as a gender other than male and female.

The basic user profile for members in the United States now includes a customizable category among the gender types that users must select, the world’s No.1 Internet social network announced on Wednesday, the day the feature became available for U.S. members using the site’s English-language version.

Feb 5, 2014

Google taps longtime executive Wojcicki to head YouTube

SAN FRANCISCO (Reuters) – Google Inc executive Susan Wojcicki has been appointed new head of the company’s YouTube video business, a source familiar with the matter told Reuters.

The move, in which Wojcicki will replace Salar Kamangar, represents the latest change to Google’s top properties by Chief Executive Larry Page and comes as Google is striving to turn the popular video portal into a bigger money-maker.

Feb 4, 2014

Google’s Schmidt gets second $100 million stock award

SAN FRANCISCO (Reuters) – Google Inc Executive Chairman Eric Schmidt will be awarded $100 million in restricted stock units, the company said on Tuesday, marking the second time in less than three years that the Internet company’s former chief executive officer has received an equity award of that size.

Google said in a filing with the Securities and Exchange Commission on Tuesday that Schmidt will also collect a $6 million annual discretionary cash bonus next week.

Feb 4, 2014

Twitter rides mobile wave in shifting Internet landscape

SAN FRANCISCO, Feb 4 (Reuters) – Twitter Inc, whose
stock has surged 150 percent since it went public in November,
has a lot to live up to when it reports quarterly earnings for
the first time on Wednesday.

A growing number of naysayers warn that Twitter’s stock is
greatly overpriced, and that even mediocre inaugural results
could deflate its soaring valuation, now several times that of
its closest social media peer, Facebook Inc.

Jan 31, 2014

Facebook looks to nab Twitter’s ‘second screen’ crown in Super Bowl

SAN FRANCISCO (Reuters) – More than 100 million people will be glued to their TV screens on Sunday, when the Denver Broncos take on the Seattle Seahawks in America’s premier sporting contest, the Super Bowl.

But two fierce rivals, Facebook Inc and Twitter Inc, will also be clashing head-to-head on a “second screen” that TV viewers will tune in for the big game.

Jan 30, 2014

Google’s outsized ad growth offsets steep price decline

SAN FRANCISCO, Jan 30 (Reuters) – Google Inc’s
quarterly revenue beat Wall Street’s target despite a sharp
decline in prices for its online ads and deepening losses at
Motorola, the handset-making division to be sold to China’s
Lenovo.

Paid clicks on Google’s online ads jumped 31 percent during
the typically busy holiday quarter, but the average cost per
click that marketers paid the company slid 11 percent.

Jan 29, 2014

Mobile ad revenue lifts Facebook past Wall Street targets

SAN FRANCISCO (Reuters) – Facebook Inc’s fourth-quarter revenue jumped 63 percent, beating Wall Street targets, as the Internet company’s mobile ad sales continued to accelerate.

Shares of Facebook surged 10 percent to $58.90 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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