Alexei's Feed
Oct 21, 2014

Yahoo’s revenue rises 1 pct

SAN FRANCISCO, Oct 21 (Reuters) – Yahoo Inc
reported a modest increase in revenue during the third quarter,
exceeding lackluster Wall Street targets, as the Internet
company’s online display advertising business continued to
struggle.

Shares of Yahoo rose 3 percent to $41.40 in extended trading
on Tuesday.

For the first time Yahoo disclosed its mobile revenue, which
it said was more than $200 million in the third quarter. Yahoo
said it expects that gross mobile revenues for the full year
will exceed $1.2 billion.

Oct 17, 2014

Google’s weakening ad revenue growth hides rising stars

SAN FRANCISCO (Reuters) – Google Inc’s decelerating advertising business is masking the stellar growth of significant but little-noticed business components such as sales of digital music, software and mobile devices.

On Thursday, Google reported weakening growth in ad volumes in the third quarter, fanning worries on Wall Street about the Internet company’s efforts to adapt its business to a mobile landscape.

Oct 16, 2014

Google’s revenue falls short despite curbing price declines

SAN FRANCISCO, Oct 16 (Reuters) – Google Inc’s
revenue fell short of Wall Street’s expectations as growth in
Internet advertising slowed in the most-recent quarter,
offsetting a modest improvement in ad pricing, sending its
shares down about 3 percent.

The total number of ads, or paid clicks, expanded by 17
percent in the third quarter. That was down from the 25 percent
growth rate that Google delivered in the second quarter.

Oct 15, 2014

Google tests waters for potential ultra-fast wireless service

SAN FRANCISCO, Oct 15 (Reuters) – Google Inc
is preparing to test new technology that may provide
the foundation for a wireless version of its high-speed “Fiber”
Internet service, according to telecommunication experts who
scrutinized the company’s regulatory filings.

In a public but little-noticed application with the U.S.
Federal Communications Commission on Monday, Google asked the
agency for permission to conduct tests in California across
different wireless spectrums, including a rarely-used
millimeter-wave frequency capable of transmitting large amounts
of data.

Oct 14, 2014

Snapchat breach exposes flawed premise, security challenge

SAN FRANCISCO, Oct 14 (Reuters) – The prospect of tens of
thousands of potentially racy Snapchat photos hitting the
Internet has driven home a simple fact: the mobile app’s core
feature – delivering photos and videos that vanish seconds after
viewing – is flawed.

The negative publicity surrounding that speculation has
spurred criticism about its lax security. But whether this will
affect the valuation of the 3-year-old Silicon Valley start-up
as it seeks another round of funding remains to be seen.

Oct 10, 2014

Snapchat blames third-party apps for any leaked photos

SAN FRANCISCO (Reuters) – Mobile messaging company Snapchat blamed third-party software apps for possible security lapses that may have led to its users’ private photos being at risk of online publication by hackers.

A file containing at least 100,000 Snapchat photos has been collected by hackers who were preparing to publish them online, according to a report on the Business Insider blog. Snapchat lets users send photos and videos that disappear in seconds.

Oct 7, 2014

Twitter sues U.S. Justice Department for right to reveal surveillance requests

SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N: Quote, Profile, Research, Stock Buzz) sued the U.S. Department of Justice on Tuesday, intensifying its battle with federal agencies as the Internet industry’s self-described champion of free speech seeks the right to provide more specifics about the extent of U.S. government surveillance.

In a lawsuit filed in U.S. District Court for Northern California, Twitter argued that the current rules prevent it from even stating that it has not received any national security requests for user information.

Oct 7, 2014

Twitter sues U.S. Justice Dept for right to reveal surveillance requests

SAN FRANCISCO, Oct 7 (Reuters) – Twitter Inc sued
the U.S. Department of Justice on Tuesday, intensifying its
battle with federal agencies as the Internet industry’s
self-described champion of free speech seeks the right to
provide more specifics about the extent of U.S. government
surveillance.

In a lawsuit filed in U.S. District Court for Northern
California, Twitter argued that the current rules prevent it
from even stating that it has not received any national security
requests for user information.

Oct 6, 2014

Facebook’s WhatsApp acquisition now has price tag of $22 billion

SAN FRANCISCO (Reuters) – Facebook Inc (FB.O: Quote, Profile, Research, Stock Buzz) closed its acquisition of mobile messaging service WhatsApp on Monday, with the final price tag rising an additional $3 billion to roughly $22 billion because of the increased value of Facebook’s stock in recent months.

WhatsApp founder Jan Koum will receive nearly $2 billion in stock, vesting over a four-year period, as an inducement for him to stay with the company, according to a regulatory filing on Monday.

Oct 3, 2014

Facebook plots first steps into healthcare

SAN FRANCISCO (Reuters) – Facebook Inc already knows who your friends are and the kind of things that grab your attention. Soon, it could also know the state of your health.

On the heels of fellow Silicon Valley technology companies Apple Inc and Google Inc, Facebook is plotting its first steps into the fertile field of healthcare, said three people familiar with the matter. The people requested anonymity as the plans are still in development.

    • 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