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Feb 2, 2013

Hackers target Twitter, could affect 250,000 user accounts

SAN FRANCISCO (Reuters) – Anonymous hackers attacked Twitter this week and may have gained access to passwords and other information for as many as 250,000 user accounts, the microblog revealed late on Friday.

Twitter said in a blog post that the passwords were encrypted and that it had already reset them as a “precautionary measure,” and that it was in the process of notifying affected users.

Feb 1, 2013

Web start-up Path to pay $800,000 to settle privacy charges

SAN FRANCISCO (Reuters) – Social networking start-up Path will pay $800,000 to settle charges with federal regulators that it improperly collected personal information on children.

The company also agreed to submit to 20 years of independent privacy reviews to settle charges that it secretly collected information from its users mobile phone address books.

Feb 1, 2013

Web startup Path to pay $800,000 to settle child privacy charges

SAN FRANCISCO, Feb 1 (Reuters) – Social networking start-up
Path will pay $800,0000 to settle charges with federal
regulators that it improperly collected personal information on
children.

The company also agreed to submit to 20 years of independent
privacy reviews to settle charges that it secretly collected
information from its users mobile phone address books.

Jan 31, 2013

Facebook starts selling retail gift cards on website

SAN FRANCISCO (Reuters) – Facebook Inc(FB.O: Quote, Profile, Research) introduced gift cards on Thursday that consumers can use at Target Corp (TGT.N: Quote, Profile, Research) and a handful of other businesses in the social network’s latest move into the retail market.

Consumers in the United States can buy the cards for their Facebook friends and choose from four different businesses: Target, LVMH Moet Hennessy Louis Vitton SA’s Sephora, Jamba Inc’s (JMBA.O: Quote, Profile, Research) Jamba Juice and Darden Restaurants Inc’s(DRI.N: Quote, Profile, Research) Olive Garden.

Jan 31, 2013

Facebook’s mobile ad revenue doubles in fourth quarter

SAN FRANCISCO (Reuters) – Facebook Inc doubled its mobile advertising from the previous quarter as the world’s No. 1 social network expanded its business aggressively onto handheld devices.

But the growth trailed some of Wall Street’s most aggressive estimates. Extending its reach on mobile devices is crucial as more and more of its 1 billion-plus users begin to access its network via smartphones and tablets.

Jan 30, 2013

Facebook revenue jumps 40 percent in fourth quarter

SAN FRANCISCO (Reuters) – Facebook Inc’s advertising business grew at its fastest clip since before the company’s May initial public offering, helping the company’s revenue expand 40 percent to $1.585 billion.

Shares of Facebook were down 2.5 percent to $30.45 in after hours trading on Wednesday.

Jan 30, 2013

Facebook grows revenue 40 pct in fourth quarter

SAN FRANCISCO, Jan 30 (Reuters) – Facebook Inc’s
advertising business grew at its fastest clip since before the
company’s May initial public offering, helping the company’s
revenue expand 40 percent to $1.585 billion.

Shares of Facebook were down 2.5 percent to $30.45 in after
hours trading on Wednesday.

Jan 29, 2013

After early success, Yahoo’s Mayer faces rising bar

SAN FRANCISCO (Reuters) – Six months into her tenure, Yahoo Inc Chief Executive Marissa Mayer has arrested the decline of the Internet portal and has won favor on Wall Street with stock buybacks, but a longer-term turnaround remains uncertain.

Her promise on Tuesday of a modest revenue uptick in the coming year paled in comparison with the growth of its Internet peers. And Yahoo shares, which have gained roughly 30 percent since Mayer took the reins in July, fell nearly 3 percent to $19.77 on Tuesday.

Jan 29, 2013

Yahoo sees revenue climb this year, but long road ahead

Jan 28 (Reuters) – Yahoo Inc forecast a modest
uptick in revenue for the current year as it revamps its family
of websites but Chief Executive Marissa Mayer warned it would be
a long journey to revive the Internet company’s fortunes.

In Yahoo’s first financial outlook since Mayer became CEO in
July, the company outlined a plan to trigger a “chain reaction
of growth” by overhauling a dozen of its online services to
increase the amount of time users spent on its websites.

Jan 28, 2013

Yahoo revenue rises on search advertising

By Alexei Oreskovic

(Reuters) – Yahoo Inc reported net revenue of $1.22 billion in the fourth quarter, up 4 percent year-on-year, as an increase in search advertising revenue offset weakness in the Web portal’s display ad business.

Net revenue excludes fees shared with partner websites.

Yahoo shares rose 4.5 percent to $21.22 in after hours trading on Monday.

“We got the revenue acceleration we were hoping for. Display was down, but search is doing better” said Sameet Sinha, an analyst at B. Riley Caris.

    • 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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