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Oct 30, 2013

Google takes secrecy to new heights with mystery barge

SAN FRANCISCO (Reuters) – How badly does Google want to keep under wraps a mysterious project taking shape on a barge in San Francisco Bay? Badly enough to require U.S. government officials to sign confidentiality agreements.

At least one Coast Guard employee has had to sign a non-disclosure agreement with the Internet giant, said Barry Bena, a U.S. Coast Guard spokesman. Another person who would only identify himself as an inspector for a California government agency had to do the same.

Oct 29, 2013

Google+ rolls out movie-making features, claims 300 million users

By Alexei Oreskovic

(Reuters) – Google Inc on Tuesday unveiled new technology that creates polished movies, complete with music soundtracks, from collections of home videos and photos that users post on its fledgling Google+ social network.

The new features mark Google’s latest move to try and differentiate its 2-year-old social network from Facebook, the world’s No. 1 online social network with 1.15 billion users.

Oct 27, 2013

Wall Street’s love affair with Facebook hinges on mobile

SAN FRANCISCO, Oct 27 (Reuters) – Facebook Inc
finally earned Wall Street’s love in the second quarter. Now it
needs to make the relationship last.

Its shares have doubled in just the last three months,
buoyed by an increasing belief among investors that Facebook has
finally struck a winning formula in mobile advertising.

Oct 24, 2013

Twitter IPO pegs valuation at modest $11 billion

SAN FRANCISCO (Reuters) – Seeking to avoid a repeat of Facebook Inc’s much-maligned public debut, Twitter Inc revealed more modest ambitions on Thursday, saying its initial public offering would raise up to $1.6 billion and value the company at up to $10.9 billion.

The valuation was more conservative than the $15 billion that some analysts had expected for the social media phenomenon.

Oct 23, 2013

Facebook removes beheading video, updates violent images standards

SAN FRANCISCO (Reuters) – Facebook Inc removed a video of a woman being beheaded from its website on Tuesday and said it would use a broader set of criteria to determine when gory videos are permitted on the site.

The move came a day after a public outcry over news reports that Facebook, the world’s No. 1 social network with 1.15 billion members, had lifted a temporary ban on images of graphic violence.

Oct 22, 2013

Yahoo tried to slow Microsoft search rollout: filing

SAN FRANCISCO (Reuters) – Yahoo Inc Chief Executive Marissa Mayer tried to slow the rollout of its search deal with Microsoft Corp and questioned its partner’s commitment, court filings show, in the latest sign that their strategic relationship is fraying.

A U.S. judge ruled on Monday that Yahoo must adopt Microsoft’s search technology in Taiwan and Hong Kong under their partnership, forged in 2010, to try and lessen Google Inc’s dominance in search advertising.

Oct 21, 2013

Yahoo sought to ‘pause’ search rollout with Microsoft

SAN FRANCISCO (Reuters) – A U.S. judge on Monday refused to let Yahoo Inc YHOO.O delay using Microsoft Corp’s Bing search capabilities in Taiwan and Hong Kong, affirming an arbitrator’s decision in favor of Microsoft.

Yahoo Inc Chief Executive Marissa Mayer sought to slow the rollout of its search partnership arguing that Microsoft CEO Steve Ballmer’s decision to retire had raised concerns, according to court documents.

Oct 21, 2013

Gory videos OK when posted for users to ‘condemn’-Facebook

SAN FRANCISCO, Oct 21 (Reuters) – Facebook Inc has
surreptitously resumed allowing decapitation videos to be posted
on its website, lifting a temporary ban it had placed earlier
this year on content featuring graphic violence.

The world’s largest online social network, with 1.15 billion
members, said after a report on the BBC on Monday, that gory
photos and videos are permitted on its site so long as the
content was posted in a manner intended for its users to
“condemn” the acts rather than celebrate them.

Oct 20, 2013

Twitter quitters dog IPO

SAN FRANCISCO (Reuters) – Retired schoolteacher Donald Hovasse signed up for Twitter about a year ago at the urging of his daughter. He lost interest after trying the service a few times and finding lots of celebrities but few of his friends using the online social network.

“I didn’t really get the point of it at all,” said the Las Vegas resident. “Most of them were people I wasn’t interested in hearing what they had to say anyway.” He said, however, that he does check Facebook every day to see what his friends are up to.

Oct 18, 2013

Google shares break $1,000 barrier as mobile pays off

SAN FRANCISCO (Reuters) – Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company’s continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc.

Shares of the world’s No. 1 search company rose more than 13 percent to hit an all-time high of $1,008.18, swelling the company’s market value by almost $40 billion. That vaulted Google past Microsoft Corp and Berkshire Hathaway Inc in capitalization and brought it to No. 3 among U.S. companies, behind only Apple Inc and Exxon Mobil Corp.

    • 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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