Alexei's Feed
Oct 2, 2013

Twitter sorts out lock-up agreements ahead of releasing IPO plans

SAN FRANCISCO (Reuters) – Twitter Inc’s bankers contacted early investors this week asking them to sign a 180-day lock-up agreement by Wednesday afternoon, showing the company is moving swiftly toward its initial public offering.

The email from Goldman Sachs, the lead underwriter of Twitter’s IPO, asked shareholders to sign and return a form by 5 pm Pacific time on Wednesday acknowledging that they would be prohibited from selling shares for 6 months after the firm lists, according to two shareholders who received the email.

Oct 1, 2013

Facebook expands ad service for app developers

SAN FRANCISCO (Reuters) – Facebook Inc is expanding an advertising service aimed at developers of smartphone and tablet apps, the social network’s latest move to bolster its fast-growing mobile business.

Facebook’s so-called mobile app ads – which allow companies to promote their mobile apps to Facebook’s 1.15 billion users – will include new capabilities designed to boost the amount of time that consumers use the third-party apps, the company said on Tuesday.

Sep 27, 2013

Facebook to show users less unwanted ads in newsfeed

SAN FRANCISCO, Sept 27 (Reuters) – Facebook newsfeeds will
contain fewer ads for products or services that users are not
interested in, Facebook Inc said on Friday, announcing
changes in advertising policy.

It was the Web company’s latest effort to refine the
newsfeed ads that have become more important to its business.

Sep 27, 2013

How Jack Ma can keep a tight grip on Alibaba after an IPO

NEW YORK/SAN FRANCISCO (Reuters) – Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and U.S. law gives him several ways to do so.

The company had planned to list in Hong Kong, but the exchange there threw cold water on Ma’s plan to give Alibaba’s insiders, who only own about 10 percent of the stock, the power to nominate a majority of the board, sources say. Regulators in the Chinese territory said that all shareholders must be treated equally.

Sep 19, 2013

Facebook broadens effort to show ad payoff

SAN FRANCISCO (Reuters) – Facebook Inc is expanding a service that lets a group of major marketers measure the effectiveness of their ads, in the company’s latest move to prove that advertising on the world’s largest social network leads to real world sales.

The service, which Facebook quietly rolled out in the United States during the past year, analyzes its users’ mobile phones and wireless providers to see who has switched handsets or carriers after looking at an ad.

Sep 18, 2013

Google to form health company led by Genentech chairman

SAN FRANCISCO, Sept 18 (Reuters) – Google Inc said
it plans to set up a new company called Calico, headed by Apple
Inc and Genentech Chairman Art Levinson, to
develop technologies to tackle health issues related to aging.

The new company will be run separately from Google, the
world’s largest Internet search company, with a focus on issues
including life-threatening diseases and problems affecting
mental and physical agility due to aging.

Sep 17, 2013

Insight: How freewheeling Twitter became a money-spinning juggernaut

SAN FRANCISCO (Reuters) – Around midnight on Christmas Eve of 2009, a handful of employees at Twitter received an unconventional holiday greeting from Dick Costolo, then the chief operating officer.

“It was an email that said, ‘We have to move really, really fast. There’s no time to rest because we have a massive opportunity in front of us,” recalled Anamitra Banerji, who headed the team that built Twitter’s first advertising product. “It was kind of crazy because we were all on break, but that attitude was exactly what we needed at Twitter.”

Sep 17, 2013

How freewheeling Twitter became a money-spinning juggernaut

SAN FRANCISCO, Sept 15 (Reuters) – Around midnight on
Christmas Eve of 2009, a handful of employees at Twitter
received an unconventional holiday greeting from Dick Costolo,
then the chief operating officer.

“It was an email that said, ‘We have to move really, really
fast. There’s no time to rest because we have a massive
opportunity in front of us,” recalled Anamitra Banerji, who
headed the team that built Twitter’s first advertising product.
“It was kind of crazy because we were all on break, but that
attitude was exactly what we needed at Twitter.”

Sep 12, 2013

Facebook tests auto-play videos, explores video ad potential

SAN FRANCISCO (Reuters) – Facebook Inc is testing videos that play automatically on mobile versions of its service, setting the stage to turn the 1.15 billion-member social network into an attractive venue for lucrative, television-like video ads.

The videos will be silent when they appear in a Facebook user’s newsfeed, but expand and play the audio when clicked, the company said in a post on its official blog on Thursday.

Sep 12, 2013

Facebook shares break $45 for first time since 2012 IPO

SAN FRANCISCO (Reuters) – Shares of Facebook Inc rose more than 3 percent to a new high Wednesday, valuing the world’s No. 1 social network at $106 billion, as investors focused on its recent mobile advertising advances and the potential to expand ad revenue into new areas.

The stock touched $45 at 1:50 p.m. ET and briefly hit $45.07 shortly after 2 p.m. on the Nasdaq – highs not seen since May 18, 2012, the day of Facebook’s initial public offering. It closed at $45.04.

    • 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."
    • Follow Alexei