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Aug 1, 2013

Google bets on custom design with flagship Moto X phone

NEW YORK/SAN FRANCISCO, Aug 1 (Reuters) – Motorola on
Thursday unveiled a new smartphone that consumers can
personalize with a choice of colors and materials, hoping to
stand out in a crowded market and justify the $12.5 billion that
Google Inc paid for the ailing handset maker.

The highly anticipated “Moto X” marks the cellphone maker’s
first flagship device since Google bought the company in 2012,
and is its latest attempt to break into a smartphone market
dominated by Apple Inc and Samsung Electronics
.

Aug 1, 2013

Google bets on custom colors with first flagship Moto X phone

NEW YORK/SAN FRANCISCO, Aug 1 (Reuters) – Motorola on
Thursday unveiled its highly anticipated Moto X smartphone,
which will be customizable with different colors for AT&T
customers and marks the cellphone maker’s first flagship device
since Google Inc bought the company in 2012.

The Moto X will go on sale in the United States at the end
of August or the beginning of September for a suggested retail
price of $199.99 to customers who sign a two-year contract at
five of the biggest U.S. mobile network operators.

Jul 30, 2013

Facebook stock almost hits IPO price, 14 months after rocky debut

SAN FRANCISCO (Reuters) – Facebook Inc’s stock on Tuesday came within a hair’s breadth of reclaiming its $38 debut price for the first time since going public in 2012, as Wall Street cheered its progress in mobile advertising.

The stock has surged more than 40 percent in the past week after the company reported blowout quarterly results, putting to rest investor concerns about its long-term business prospects.

Jul 26, 2013

Facebook offers the dummy’s guide to mobile advertising

SAN FRANCISCO/NEW YORK (Reuters) – Facebook Inc’s mobile advertising success offers a ray of hope for Internet companies trying to make money within the confines of the smartphone’s small screen.

The social network’s 75 percent surge in mobile ad revenue in a span of just three months not only doused skepticism on Wall Street and Madison Avenue about Facebook’s business prospects, some say it could serve as a how-to guide for other Web companies navigating a world where the phone and tablet have fast become the screens of choice.

Jul 25, 2013

Facebook shares soar as users, mobile ads climb

SAN FRANCISCO, July 24 (Reuters) – Facebook Inc
delivered strong evidence it can thrive on smartphones and
tablets on Wednesday, reporting a much better-than-anticipated
surge in mobile advertising revenue in the second quarter that
ignited a nearly 17 percent share rally.

The world’s No. 1 social network also reported an uptick in
daily visitors to its service, allaying worries that a new crop
of fast-growing mobile upstarts like WhatsApp and Snapchat could
cut into the time consumers spend on Facebook.

Jul 24, 2013

Facebook revenue up 53 pct; users, mobile ads climb

SAN FRANCISCO (Reuters) – Facebook Inc(FB.O: Quote, Profile, Research) delivered strong evidence it can thrive on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a 20 percent share rally.

The world’s No. 1 social network, which is battling increasingly aggressive upstarts like WhatsApp for users’ time, grew mobile advertising revenue 76 percent to $656 million from the previous quarter.

Jul 24, 2013

Facebook shares leap 20 percent as users, mobile ads climb

By Alexei Oreskovic

(Reuters) – Facebook Inc beat Wall Street’s revenue targets as its mobile advertising business gains steam and the Internet company reported a rise in the number of users who visit its online social network every day.

Shares of Facebook jumped 20 percent to $31.81 in afterhours trading on Wednesday.

Jul 24, 2013

Google unveils new Nexus 7 tablet to expand hardware role

SAN FRANCISCO (Reuters) – Google Inc on Wednesday showcased a new-generation, slimmer Nexus 7, which the Internet search company hopes will expand its presence in consumer hardware and ensure that its online services remain front-and-center on mobile devices.

The new Nexus 7, featuring a Qualcomm Inc Snapdragon processor and a higher display resolution, on July 30 will be priced at $229 for a basic version with 16 gigabytes of storage. The original year-old tablet started at $199 for an 8 gigabyte version.

Jul 23, 2013

Third Point to sell most of Yahoo stake, Loeb to quit board

SAN FRANCISCO (Reuters) – Activist hedge fund Third Point LLC reached an agreement to sell two-thirds of its stake in Yahoo Inc back to the company, pocketing a tidy profit and relinquishing three seats on the board of a company trying to effect a tricky turnaround.

Third Point’s decision to sell a chunk of its single largest corporate holding comes as the struggling Internet company’s stock fell over 4 percent on Monday after having surged more than 80 percent during the past 12 months, due largely to aggressive share buybacks and the value of Yahoo’s Asian assets.

Jul 22, 2013

Yahoo to buy back 40 million shares from Third Point

By Alexei Oreskovic

(Reuters) – Activist hedge fund Third Point LLC reached an agreement to sell two-thirds of its stake in Yahoo Inc back to the company for $29.11 per share on Monday, sending shares of the Internet company down nearly 5 percent.

Three Yahoo board directors appointed by Third Point, including Daniel Loeb, the hedge fund’s chief, will resign from Yahoo’s board. Third Point will still own about 20 million shares, less than 2 percent of the Internet media company’s common stock.

    • 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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