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Jun 5, 2013

Analysis: As Facebook grows up, grand 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 is suffering a mid-life crisis.

Jun 5, 2013

As Facebook grows up, grand ambitions get reality check

SAN FRANCISCO, June 5 (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 is suffering a mid-life crisis.

May 29, 2013

Apple CEO sees more ‘gamechangers’; hints at wearable devices

, May 28 (Reuters) – Apple Inc
Chief Executive Tim Cook said on Tuesday he expects the
iPhone and iPad maker would be responsible for “several more
gamechangers” and that wearable computers could be the next big
thing.

“It’s an area where it’s ripe for exploration,” Cook told an
All Things Digital conference, an annual gathering of technology
and media executives in the California coastal resort town of
Rancho Palos Verdes.

May 28, 2013

Google goes Hollywood with ‘The Internship’

LOS ANGELES/ SAN FRANCISCO (Reuters) – When “The Internship,” a comedy starring Vince Vaughn and Owen Wilson, hits movie theaters on June 7, Google will be taking more than a little interest in how the film is received.

In an unusual collaboration, the Internet giant was closely involved with the film, a $58 million Fox production which features two middle-aged watch salesmen who are determined to get a job at Google.

May 24, 2013

Google eyes Waze as Facebook circles hot Web maps property

SAN FRANCISCO (Reuters) – Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.

Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.

May 24, 2013

Google, like Facebook, in talks to buy Waze for $1 billion: report

SAN FRANCISCO (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research) is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday.

Google’s discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook (FB.O: Quote, Profile, Research) is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps.

May 21, 2013

Yahoo’s rise in Asia offsets risk from Tumblr bet

SAN FRANCISCO (Reuters) – Yahoo Inc Chief Executive Marissa Mayer’s $1.1 billion acquisition of blogging service Tumblr will be a test of her ability to revive the aging Web portal. Luckily for her, her performance may be graded generously.

Mayer faces plenty of challenges in her efforts to turn six-year-old Tumblr into a money-spinner, not least among them retaining users while devising new types of non-intrusive online ads outside of Yahoo’s traditional area of expertise.

May 20, 2013

Yahoo buying Tumblr for $1.1 bln, vows not to screw it up

May 20 (Reuters) – Yahoo Inc said it is buying
blogging service Tumblr for $1.1 billion cash, giving the
struggling Internet pioneer a much-needed platform in social
media to reach a younger generation of users.

The deal, announced on Monday, is a bold bet by Yahoo Chief
Executive Marissa Mayer to revitalize the company by co-opting a
Web property with strong visitor traffic but little revenue.

May 18, 2013

Google’s wearable Glass gadget: cool or creepy?

SAN FRANCISCO, May 18 (Reuters) – Google staged
four discussions expounding on the finer points of its “Glass”
wearable computer during this week’s developer conference.
Missing from the agenda, however, was a session on etiquette
when using the recording-capable gadget, which some attendees
faithfully wore everywhere – including to the crowded bathrooms.

Google Glass, a cross between a mobile computer and
eyeglasses that can both record video and surf the Internet, is
now available to a select few but is already among the year’s
most buzz-worthy new gadgets. The device has geeks all aflutter
but is unnerving everyone from lawmakers to casino operators
worried about the potential for hitherto unimagined privacy and
policy violations.

May 15, 2013

Google launches streaming music service ahead of Apple

SAN FRANCISCO (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research) launched a music service on Wednesday that allows users to listen to unlimited songs for $9.99 a month, challenging smaller companies like Pandora (P.N: Quote, Profile, Research) and Spotify in the market for streaming music.

With its new service, announced at its annual developers’ conference in San Francisco, Google has adopted the streaming music business model ahead of rival Apple Inc (AAPL.O: Quote, Profile, Research), which pioneered online music purchases with iTunes.

    • 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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