Alexei's Feed
Sep 4, 2013

Planned LinkedIn $1 billion stock offer is for expansion, products

SAN FRANCISCO (Reuters) – LinkedIn Corp said on Tuesday it will sell an additional $1 billion (642.5 million pounds) of its Class A common stock as the Internet company moves to bolster product development and perhaps make more acquisitions.

LinkedIn shares, which have more than doubled this year, were down 2.3 percent at $240.49 in afterhours trading on Tuesday following its announcement about the secondary share offering.

Aug 30, 2013

Twitter’s top legal executive steps down in surprise move

SAN FRANCISCO (Reuters) – Twitter’s top lawyer, known as a champion of free speech, unexpectedly stepped down on Friday as the microblogging company moved closer toward a long-expected initial public offering.

Alexander Macgillivray, known for fending off legal challenges to Twitter users’ right to express themselves in pithy, 140-character messages, himself tweeted the news without giving a reason for the move.

Aug 29, 2013

Facebook considers adding profile photos to facial recognition

SAN FRANCISCO (Reuters) – Facebook Inc is considering incorporating most of its 1 billion-plus members’ profile photos into its growing facial recognition database, expanding the scope of the social network’s controversial technology.

The possible move, which Facebook revealed in an update to its data use policy on Thursday, is intended to improve the performance of its “Tag Suggest” feature. The feature uses facial recognition technology to speed up the process of labeling or “tagging” friends and acquaintances who appear in photos posted on the network.

Aug 15, 2013

With balloons and fibre, Google experiments in Web access

SAN FRANCISCO (Reuters) – From sending solar-powered balloons into the stratosphere to offering free Wi-Fi in parks, Google is quietly spending hundreds of millions of dollars on nascent Internet services that may one day challenge the telecom and cable companies.

In recent months, Google Inc has announced plans to bring free wireless Internet access to 7,000 Starbucks cafes across America, eventually displacing AT&T Inc; it has asked U.S. regulators for broader access to wireless airwaves; and it has launched 30 solar-powered balloons over the South Pacific ocean, designed to beam the Internet to remote regions.

Aug 14, 2013

Analysis: With balloons and fiber, Google experiments in Web access

SAN FRANCISCO (Reuters) – From sending solar-powered balloons into the stratosphere to offering free Wi-Fi in parks, Google is quietly spending hundreds of millions of dollars on nascent Internet services that may one day challenge the telecom and cable companies.

In recent months, Google Inc has announced plans to bring free wireless Internet access to 7,000 Starbucks cafes across America, eventually displacing AT&T Inc; it has asked U.S. regulators for broader access to wireless airwaves; and it has launched 30 solar-powered balloons over the South Pacific ocean, designed to beam the Internet to remote regions.

Aug 2, 2013

Yahoo buys browser RockMelt to bolster mobile, networking

SAN FRANCISCO (Reuters) – Yahoo Inc acquired social Web browser company Rockmelt, the latest move by the struggling Web portal to scoop up technology and engineering talent that could bolster its mobile and social networking efforts.

Yahoo did not disclose financial terms of the deal, but a source close to the situation said the price was between $50 million and $80 million.

Aug 1, 2013

Google bets on custom design with flagship Moto X phone

NEW YORK/SAN FRANCISCO, Aug 1 (Reuters) – Motorola on
Thursday unveiled a new smartphone that consumers can
personalize with a choice of colors and materials, hoping to
stand out in a crowded market and justify the $12.5 billion that
Google Inc paid for the ailing handset maker.

The highly anticipated “Moto X” marks the cellphone maker’s
first flagship device since Google bought the company in 2012,
and is its latest attempt to break into a smartphone market
dominated by Apple Inc and Samsung Electronics
.

Aug 1, 2013

Google bets on custom colors with first flagship Moto X phone

NEW YORK/SAN FRANCISCO, Aug 1 (Reuters) – Motorola on
Thursday unveiled its highly anticipated Moto X smartphone,
which will be customizable with different colors for AT&T
customers and marks the cellphone maker’s first flagship device
since Google Inc bought the company in 2012.

The Moto X will go on sale in the United States at the end
of August or the beginning of September for a suggested retail
price of $199.99 to customers who sign a two-year contract at
five of the biggest U.S. mobile network operators.

Jul 30, 2013

Facebook stock almost hits IPO price, 14 months after rocky debut

SAN FRANCISCO (Reuters) – Facebook Inc’s stock on Tuesday came within a hair’s breadth of reclaiming its $38 debut price for the first time since going public in 2012, as Wall Street cheered its progress in mobile advertising.

The stock has surged more than 40 percent in the past week after the company reported blowout quarterly results, putting to rest investor concerns about its long-term business prospects.

Jul 26, 2013

Facebook offers the dummy’s guide to mobile advertising

SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc’s mobile advertising success offers a ray of hope for Internet companies trying to make money within the confines of the smartphone’s small screen.

The social network’s 75 percent surge in mobile ad revenue in a span of just three months not only doused skepticism on Wall Street and Madison Avenue about Facebook’s business prospects, some say it could serve as a how-to guide for other Web companies navigating a world where the phone and tablet have fast become the screens of choice.

    • 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