SAN FRANCISCO (Reuters) – David Marcus, who has led eBay Inc’s fast-growing payments unit PayPal for the past two years, will step down this month to run Facebook Inc’s messaging products, the companies announced on Monday.
EBay shares fell a little more than 2 percent in trading after hours. Under Marcus, PayPal has moved more aggressively into the physical world by developing a mobile wallet for consumers as well as point-of-sale systems for retailers.
SAN FRANCISCO, June 9 (Reuters) – Instagram, the mobile
photo service owned by Facebook Inc, is expanding its
nascent advertising business beyond the United States and will
begin showing ads to users in Britain, Canada and Australia, the
company said on Monday.
The ads will start to appear on versions of the service in
the three countries later this year, Instagram said in a post on
its official blog.
SAN FRANCISCO (Reuters) – Facebook Inc is acquiring Pryte, a Finnish company that aims to make it easier for mobile phone users in under-developed parts of the world to use wireless Internet apps.
Facebook did not disclose financial terms of the deal, which spokeswoman Vanessa Chan said is expected to close later this month.
RANCHO PALOS VERDES Calif. (Reuters) – Internet startups are starting to see what could come between them and their ambitions: regulators.
Recent lawsuits and government investigations into high-flying “sharing economy” services have put the issue front and center. Now, Web companies developing services in everything from healthcare to transportation are crafting strategies for working with government agencies.
(Reuters) – Google Inc has launched a service through which European citizens can request that links to what they deem as objectionable material be taken off search results, the first step to comply with a court ruling affirming the “right to be forgotten.”
The world’s largest Internet search engine, which processes more than 90 percent of all Web searches in Europe, said on Thursday that it has made available a webform through which people can submit their requests, but stopped short of specifying when it would remove links that meet the criteria for being taken down.
May 29 (Reuters) – Google Inc has launched a service through
which European citizens can request that links to what they deem
as objectionable material be taken off search results, the first
step to comply with a court ruling affirming the “right to be
The world’s largest Internet search engine, which processes
more than 90 percent of all Web searches in Europe, said on
Thursday that it has made available a webform through which
people can submit their requests, but stopped short of
specifying when it would remove links that meet the criteria for
being taken down.
, May 28 (Reuters) – Apple Inc’s
newest high-profile hire isn’t sure he has a job title
and won’t commit to working full-time at its home base, but the
iPhone maker is banking on Beats co-founder Jimmy Iovine to
steer it through a changing music business.
The recording industry veteran is joining up with Apple as
part of its $3 billion acquisition of music streaming and audio
equipment maker Beats. Iovine’s “ear” for music
and his entertainment industry expertise are valuable qualities
for Apple, Senior Vice President of Internet Software and
Services Eddy Cue said on Wednesday.
RANCHO PALOS VERDE, California, May 28 (Reuters) – Intel
Corp introduced a walking, talking robot on Wednesday
made from 3D-printed parts that will be available to consumers
later this year, if they are willing to assemble it with a kit
that costs around $1,600.
The company’s Chief Executive Brian Krzanich was accompanied
by “Jimmy” on stage at the Code Conference in Rancho Palos
Verdes, California. The white 2-foot tall robot shuffled onto
the stage, introduced itself and then waved its arms.
, May 27 (Reuters) – Google Inc
is building cars that don’t have steering wheels,
accelerator pedals or brake pedals, in an ambitious expansion of
the Internet company’s efforts to develop self-driving cars.
The small electric cars, which seat two passengers, are
currently prototypes that Google has been building through
partnerships with automotive suppliers and manufacturers, Google
co-founder Sergey Brin said at the Code conference in Southern
California on Tuesday.
SAN FRANCISCO, May 22 (Reuters) – Facebook Inc has
changed a privacy setting on its social network, limiting the
audience that sees new users’ first posts in a reversal of a
feature that had critics said forced people to over-share
The company said on Thursday that the status updates that
new users post will now be viewable only to friends by default,
instead of being viewable to the general public as it had
previously been. Facebook users will continue to be able to
customize their settings so that status updates can be seen by
as big or small an audience as they want.