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Jun 24, 2013

FTC conducting preliminary inquiry of Google’s Waze acquisition

SAN FRANCISCO (Reuters) – Antitrust regulators are conducting a preliminary inquiry into Google Inc’s recent acquisition of online mapping service Waze, according to a person with knowledge of the matter.

The inquiry by the U.S. Federal Trade Commission has not reached the level of an investigation and Google is complying voluntarily, the source said.

Jun 21, 2013

Yahoo’s Mayer shines spotlight on video

SAN FRANCISCO, June 20 (Reuters) – As Marissa Mayer
approaches her one-year anniversary as chief executive of Yahoo,
she’s hewing closely to the struggling Web portal’s traditional
advertising model–and eyeing more video programming of every
stripe as central to the strategy.

“We’re working on various methods in terms of how we can
increase our video views, and watching,” Mayer said at the
Reuters Global Technology Summit on Thursday. “It’s clear to me
that our video business is something that’s growing a lot. It’s
something that we’d like to accelerate.”

Jun 20, 2013

Facebook has never been stronger since IPO, Sandberg says

SAN FRANCISCO, June 19 (Reuters) – A year after Facebook
Inc’s fumbled IPO, Wall Street remains slow to recognize
what Chief Operating Officer Sheryl Sandberg argues has been an
across-the-board improvement in its business.

Facebook’s ability to deliver ads to mobile phones,
improvements in measuring the effectiveness of its ads and
increasing user engagement have all put the world’s largest
social network in a better position than before the IPO,
Sandberg told the Reuters Global Technology Summit on Wednesday.

Jun 20, 2013

Yahoo rejects fears hackers will exploit old user IDs

SAN FRANCISCO (Reuters) – Yahoo Inc on Wednesday downplayed concerns that its plans to recycle inactive user IDs could leave users exposed to hackers, saying only 7 percent of those IDs are tied to actual Yahoo email accounts.

The Internet company, which announced last week it would release user IDs that have been inactive for more than 12 months so that other people can claim them, was pressed to defend the plan after critics warned that hackers who take control of inactive accounts could also assume the identities of the accounts’ previous owners.

Jun 18, 2013

Batteries hold key to wearable device revolution

SAN FRANCISCO (Reuters) – Longer-lasting batteries are crucial for a new crop of wearable computers whose rise may upend Apple (AAPL.O: Quote, Profile, Research, Stock Buzz) and Google’s (GOOG.O: Quote, Profile, Research, Stock Buzz) dominance of mobile devices, two of the field’s pioneers say.

Wearable devices – from bracelets that monitor physical activity and sleeping patterns to clothing with built-in sensors and Web-ready glasses – may mark the next big technology shift, just as smartphones evolved from personal computers.

Jun 12, 2013

Facebook adds ‘hashtag’ feature, taking a page from Twitter

SAN FRANCISCO, June 12 (Reuters) – Facebook Inc, the
world’s No. 1 social network, is adopting the “hashtag,” one of
the most recognizable features of its younger rival Twitter, in
a move to position its Web service as an important complement to
television, sporting events and breaking news.

Facebook said on Wednesday that it will begin to roll out
the feature on its social network, making it easier for users
and advertisers to find hot spots of user activity around
specific events or topics.

Jun 11, 2013

Facebook tackles stock price complaints in first shareholder meeting

SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg faced a barrage of questions on Tuesday about the company’s slumping stock price during the No. 1 social networking company’s first shareholder meeting since its rocky initial public offering last May.

Zuckerberg, who has presided over a 37 percent decline in the stock since its debut at $38, said he believed Facebook was on the right path toward long-term success, even though he was disappointed with its performance on Wall Street.

Jun 10, 2013

Google finalizing $1.3 billion deal for mapping company Waze: source

SAN FRANCISCO (Reuters) – Google Inc is finalizing a deal to acquire online mapping company Waze for $1.3 billion, according to a source familiar with the matter.

The deal is expected to be announced this week, though it was unlikely to occur on Monday, another source told Reuters.

Jun 8, 2013

As Facebook grows up, ambitions get reality check

SAN FRANCISCO (Reuters) – Facebook, which once seemed poised to take over the Internet, is showing its limitations: a host of newer services are gaining ground among trend-setting youth; a much-hyped smartphone app has received a tepid response; and grand ambitions such as taking on Google in the search business seem ever more fanciful.

In a volatile Internet industry where companies can rise and fall almost overnight, one might even say that the nine-year-old Facebook Inc (FB.O: Quote, Profile, Research) is suffering a mid-life crisis.

Jun 6, 2013

Facebook pares ad options, simplifies marketing tools

SAN FRANCISCO (Reuters) – Facebook Inc is eliminating various types of advertisements on its website in an effort to simplify a system that it acknowledged was confusing marketers.

The world’s No. 1 social network, which is seeking to revive revenue growth, will still display ads inside users’ newsfeeds and on the right-hand side of its webpages. But it will sharply reduce the options marketers can choose for those so-called ad units.

    • 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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