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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.

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.

    • 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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