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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.

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.

    • 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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