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Mar 5, 2013

Ex-Yahoo executive says company tried to “cheat” him – lawsuit

SAN FRANCISCO, March 4 (Reuters) – The founder of a company
acquired by Yahoo Inc for $270 million said in a
lawsuit filed on Monday that Yahoo tried to “cheat” and
“humiliate” him by firing him at a bar weeks before his first
retention bonus was due.

The plaintiff, Michael Katz, said he was promised several
annual payments of $1.35 million, as well as other compensation,
when his online advertising company Interclick was acquired by
Yahoo in December 2011, according to the lawsuit filed in New
York state court.

Mar 2, 2013

Yahoo to shut down seven products, including Blackberry app

SAN FRANCISCO, March 1 (Reuters) – Yahoo Inc is
shutting down seven products, including its mobile app for
Blackberry smartphones, as new Chief Executive
Marissa Mayer takes a page from Google Inc’s play book
by eliminating unsuccessful products en-masse.

The product shutdowns, which Yahoo announced on its official
company blog on Friday, are part of what the company said are
regular efforts to evaluate and review its product line-up.

Mar 1, 2013

Facebook to showcase new look for newsfeed on March 7

SAN FRANCISCO (Reuters) – Facebook Inc will unveil a new look for its popular “newsfeed” next week, the latest move by the Web company to revamp key elements of its 1 billion member social network.

Facebook will showcase the newsfeed makeover at a media event on March 7 at its Menlo Park, California headquarters, the company said in an emailed invitation to reporters on Friday.

Feb 24, 2013

Firefox takes on smartphone powers Apple, Google

SAN FRANCISCO (Reuters) – Mozilla, makers of the popular Firefox Internet browser, is preparing to challenge Google and Apple’s grip on smartphone software.

A new Firefox operating system for mobile devices is set for a July release after winning the backing of 13 wireless service providers around the globe, including Spain’s Telefonica, China Unicom and America Movil.

Feb 24, 2013

Web browser-maker Firefox takes on smartphone powers Apple, Google

SAN FRANCISCO, Feb 24 (Reuters) – Mozilla, makers of the
popular Firefox Internet browser, is preparing to challenge
Google and Apple’s grip on smartphone
software.

A new Firefox operating system for mobile devices is set for
a July release after winning the backing of 13 wireless service
providers around the globe, including Spain’s Telefonica, China
Unicom and America Movil.

Feb 14, 2013

Google app store policy raises privacy concerns

SAN FRANCISCO, Feb 14 (Reuters) – Google Inc’s
privacy practices are drawing heat after an Australian software
developer said the company was providing him with personal
information, including email addresses, of everyone who
purchased his mobile app.

The information that Google shared, which included
customers’ full names, email and some postal code information,
was not the result of a glitch with its software. Rather it
appears to be in accordance with Google’s existing policies for
its app store and its Google Wallet payment service – though
some privacy advocates believe Google has not been clear enough
in informing consumers about the practice.

Feb 13, 2013

Google hits back against BT with patent lawsuits

SAN FRANCISCO (Reuters) – Google Inc and its Motorola Mobility unit struck back on Wednesday against BT Group Plc, filing patent lawsuits against the British telecommunications group more than a year after BT launched its own lawsuit against Google.

BT, Britain’s dominant fixed-line telecoms group, sued Google in 2011 over six patents related to mobile technology. But in a lawsuit filed on Wednesday in a California federal court, Google asserted four patents of its own.

Feb 12, 2013

Yahoo CEO says Microsoft search deal underperforms

SAN FRANCISCO, Feb 12 (Reuters) – Yahoo Inc Chief
Executive Marissa Mayer said the company’s search partnership
with Microsoft Corp was not delivering the market share
gains or the revenue boost that it should.

“One of the points of the alliance is that we collectively
want to grow share rather than just trading share with each
other,” Mayer said at the Goldman Sachs Technology and Internet
Conference in San Francisco on Tuesday.

Feb 9, 2013

Google’s Schmidt to sell roughly 42 pct of stake

SAN FRANCISCO, Feb 8 (Reuters) – Google Inc
Executive Chairman Eric Schmidt is selling roughly 42 percent of
his stake in the Internet search company, a move that could
potentially net the former chief executive a $2.51 billion
windfall.

Schmidt, 57, will sell 3.2 million shares of Class A common
stock through a stock trading plan, Google said in a filing with
the U.S. Securities and Exchange Commission on Friday.

Feb 7, 2013

Web-holding firm IAC promises continued search growth

SAN FRANCISCO (Reuters) – IAC/InteractiveCorp’s said that growth in its search business would slow from the “meteor ride” of the past two years, but it was confident of double-digit growth for the “foreseeable future.”

Shares of IAC were unchanged at about $43 in after hours trading on Wednesday after the company reported a 28 percent increase in fourth-quarter revenue, slightly exceeding Wall Street targets.

    • 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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