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Oct 17, 2013

Google Internet revenue rises 23 percent in Q3

SAN FRANCISCO, Oct 17 (Reuters) – Google Inc beat
Wall Street’s revenue and profit expectations as its advertising
business expanded, while losses deepened at its Motorola mobile
phone business.

Shares of Google rose six percent to $941.25 in after-hours
trading on Thursday.

Oct 16, 2013

Facebook lifts restriction on teen users sharing with public

SAN FRANCISCO, Oct 16 (Reuters) – Facebook Inc
removed a restriction for users under 18 that previously limited
who could see their online postings from photos to musings on
the world-wide social network.

The No.1 online social network said that teenagers would now
be able to manually alter the setting and share information with
the public. Until now, a teenager’s postings on Facebook were
only viewable to their friends, and to the friends of their

Oct 16, 2013

Yahoo’s Alibaba stake takes heat off weak forecast

SAN FRANCISCO (Reuters) – Yahoo Inc’s core online advertising business continued to struggle in the third quarter but its valuable investment in Chinese e-commerce powerhouse Alibaba Group Holding Ltd was enough to keep Wall Street satisfied.

Shares of Yahoo were up nearly one percent at $33.70 in after hours trading on Tuesday, as investors looked past ongoing pricing pressure and a weaker-than-expected financial outlook to focus on a revised agreement it struck with Alibaba.

Oct 15, 2013

Yahoo net revenue down slightly in third quarter

SAN FRANCISCO (Reuters) – Yahoo Inc’s net revenue dipped slightly in the third quarter as prices for its display ads remained under pressure.

Yahoo shares were up 16 cents at $33.54 in after market trading on Tuesday after initially rising more than 4 percent.

Oct 14, 2013

Yahoo CEO Mayer has advertisers’ attention, but can she get their dollars?

NEW YORK/SAN FRANCISCO (Reuters) – Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with journalist Charlie Rose.

That same audience a year ago would have been grousing that Mayer had not done enough to engage Madison Avenue, which is arguably Yahoo’s most important constituent since the Internet company derives more than 75 percent of its revenue from ad sales.

Oct 11, 2013

Google unveils plans for user names, comments to appear in ads

SAN FRANCISCO (Reuters) – Google Inc plans to launch new product-endorsement ads incorporating photos, comments and names of its users, in a move to match the “social” ads pioneered by rival Facebook Inc that is raising some privacy concerns.

The changes, which Google announced in a revised terms of service policy on Friday, set the stage for Google to introduce “shared endorsements” ads on its sites as well as millions of other websites that are part of Google’s display advertising network.

Oct 8, 2013

Tweeter stock symbol changed following Twitter mix-up

SAN FRANCISCO (Reuters) – Twitter and Tweeter have similar-sounding names, but investors will no longer be in danger of confusing the two companies.

On Tuesday, bankrupt consumer electronics company Tweeter Home Entertainment Group, began trading under a new stock symbol intended to prevent investors from mistaking it for Twitter Inc, the Internet company whose forthcoming IPO is one of Wall Street’s most highly-anticipated offerings.

Oct 4, 2013

Mario’s Tweets: Twitter celebrity name-dropping reflect novel IPO risk

SAN FRANCISCO (Reuters) – Celebrity chef Mario Batali landed on a new promotional platform this week, one that was regulatory rather than razzle-dazzle: the opening pages of Twitter’s 234-page document on its initial public offering.

In a prominently featured screen shot of tweets where the American chef offered cooking tips alongside British rock musician Gavin Rossdale, the company showcased the way people express themselves on the online messaging service.

Oct 4, 2013

Twitter reveals rip-roaring growth, big losses ahead of IPO

SAN FRANCISCO (Reuters) – Twitter Inc, racing toward the largest Silicon Valley IPO since Facebook Inc’s 2012 coming-out party, hopes to woo investors with rip-roaring revenue growth despite having posted big losses over the past three years.

The eight-year-old online messaging service gave potential investors their first glance at its financials on Thursday when it publicly filed its IPO documents, setting the stage for one of the most-anticipated debuts in over a year.

Oct 3, 2013

Timeline: Twitter: from side project to sociocultural sensation

SAN FRANCISCO (Reuters) – Twitter, the 140-character messaging service favored by everyone from the Pope to U.S. President Barack Obama, began as a side-project but rapidly morphed into one of the most powerful social and cultural media forces of our time.

After eight years of explosive user growth marred by persistent technical challenges and management shake-ups, Twitter is now preparing to go public in Silicon Valley’s largest initial public offering since Facebook Inc’s last year.

    • 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, CNET and The Industry Standard magazine."
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