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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.

Jan 28, 2014

Yahoo’s fourth-quarter revenue slides as ad prices dip again

SAN FRANCISCO, Jan 28 (Reuters) – Yahoo Inc’s
online ad prices slid again in the fourth quarter and Alibaba,
the Chinese e-commerce giant in which it owns a big stake, saw
revenue growth decelerate from its recent rip-roaring pace.

Overall revenue fell 6 percent in the last three months of
the year to $1.266 billion, marking four consecutive quarters of
eroding revenue. The company said that prices for both online
display ads and search ads declined in the fourth quarter.

Jan 28, 2014

Google Glass gets image makeover as launch nears

SAN FRANCISCO (Reuters) – Google Inc has unveiled a set of fashionable prescription frames and shades for its Glass Internet-connected eyewear in an image makeover to give it broader appeal before a mass launch in the United States later this year.

Google also announced a deal with Vision Service Plan, the largest U.S. optical health insurance provider, that will allow consumers to get prescription lenses specially fitted to the device.

Jan 22, 2014

Facebook tests ad network business on other companies’ mobile apps

SAN FRANCISCO (Reuters) – Facebook Inc said on Wednesday that it is displaying ads from a small group of marketers on other companies’ smartphone apps, the latest sign that the world’s No. 1 online social network is closer to launching an ad network business.

Facebook said that the test is currently limited to a “few” advertisers and mobile app publishers.

Jan 22, 2014

Silicon Valley firms to pay fee for commuter shuttles amid tech backlash

SAN FRANCISCO (Reuters) – San Francisco’s transportation agency agreed on Tuesday to charge Google Inc, Apple Inc and other tech companies $1 every time one of their commuter shuttles uses a public bus stop, in a deal that seems unlikely to end the recent wave of technology industry-backlash among some residents.

The commuter buses take about 17,000 passengers a day from their homes in San Francisco to dozens of technology companies based in Silicon Valley, south of the city.

Jan 17, 2014

Facebook “relationships guy” courts Hollywood, media in new push

SAN FRANCISCO (Reuters) – Beyonce fans got a big surprise at midnight on December 13, when the pop star announced her new album from out of the blue.

Just as surprising was her decision to announce the album by posting a 15-second video on Instagram, the Facebook-owned online photo-and-video sharing service.

Jan 16, 2014

Latest perk on Google buses: security guards

SAN FRANCISCO (Reuters) – First, San Francisco-based commuters to Google Inc got buses with plush seats and free WiFi. Now, they are getting security.

In recent days, men with earpieces have closely monitored passengers boarding Google commuter buses at the site of at least one bus stop in San Francisco’s Mission District. Their presence comes a few weeks after Google buses were targeted by protesters who blame tech-industry employees for rising city rents.

Jan 16, 2014

Yahoo COO de Castro departs; no reason given

SAN FRANCISCO (Reuters) – Yahoo Inc chief operating officer Henrique de Castro, the high-profile recruit Chief Executive Officer Marissa Mayer poached from Google Inc shortly after she took the helm, will leave on Thursday after about a year on the job.

Yahoo did not give a reason for his departure in a Wednesday filing, but in an unusually blunt memo to Yahoo staff obtained by the Recode technology blog Mayer said she had fired him.

Jan 14, 2014

Google gains entry to home and prized team with $3.2 bln Nest deal

SAN FRANCISCO, Jan 13 (Reuters) – Google Inc took
its biggest step to go deeper into consumers’ homes, announcing
a $3.2 billion deal to buy smart thermostat and smoke
alarm-maker Nest Labs Inc, scooping up a promising line of
products and a prized design team led by the “godfather” of the
iPod.

Nest will continue to operate as its own distinct brand
after the all-cash deal closes, Google said on Monday.

Jan 13, 2014

Google to acquire Nest for $3.2 billion in cash

SAN FRANCISCO (Reuters) – Google Inc on Monday announced plans to acquire Nest Labs Inc, a maker of smart thermostats and smoke alarms, for $3.2 billion, signaling the Internet company’s intention to expand into a broader array of devices and bringing valuable hardware design expertise in-house.

Nest, which was co-founded by one of the creators of Apple Inc’s iconic iPod music player, will continue to operate as its own distinct brand after the all-cash deal closes, Google said.

    • 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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