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Oct 31, 2013

Google launches ‘KitKat’ software, sweetens features on range of phones

SAN FRANCISCO, Oct 31 (Reuters) – Google Inc on
Thursday unveiled the newest version of its Android smartphone
software, aiming to allow more smartphone users access to its
evolving menu of online services such as driving directions
voice-activated search.

The new “KitKat” version of Android will be able to run on
inexpensive, low-end smartphones as well as the most advanced
devices, Sundar Pichai, Google Senior Vice President of Android,
Chrome and Apps said at a press event in San Francisco on
Thursday.

Oct 31, 2013

Facebook smashes analyst targets but executive comments spook Street

SAN FRANCISCO (Reuters) – Facebook Inc posted strong growth in its mobile advertising business on Wednesday but rattled investors after saying that it did not plan to boost the frequency of ads shown to users.

Shares of the world’s No. 1 online social network soared as much as 15 percent in extended trading before suddenly falling to $47.40, down 3 percent from its $49.10 close. The stock settled at $49.16.

Oct 30, 2013

Facebook tops analyst revenue targets as mobile ads surge

SAN FRANCISCO (Reuters) – Facebook Inc posted strong growth in its mobile advertising business, driving a 60 percent increase in revenue that beat Wall Street’s targets.

Shares of the world’s No. 1 online social network rose 9.4 percent to $53.60 in after-hours trading.

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.

    • 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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