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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.

Jan 25, 2013

As world of gadgets grows, online industry tunes in to video ads

SAN FRANCISCO (Reuters) – Internet video ads, long a sideshow in the online advertising market, are gaining in importance to marketers and Web publishers as they look to capitalize on consumers’ changing viewing habits and tap a $70 billion television market.

The ever-expanding array of gadgets that display online video, from tablets to Internet-connected TVs and DVD players, along with technology such as social media that facilitates distribution, has spurred new interest.

Jan 24, 2013

Cisco sells home networking business to Belkin

SAN FRANCISCO (Reuters) – Cisco Systems Inc is selling its home networking business to Belkin, the networking giant’s latest move to exit the consumer business.

The companies did not disclose the financial terms of the deal, which Belkin said on Thursday is expected to close in March.

Jan 23, 2013

Google’s fourth-quarter results shine after ad rate decline slows

SAN FRANCISCO (Reuters) – Revenue from Google Inc’s core Internet business outpaced many analysts’ expectations during the crucial holiday quarter and advertising rates fell less than in previous periods, pushing its shares up more than 4 percent.

The world’s largest Internet search company introduced new product listings during the fourth quarter – typically its strongest – and also benefited from business growth in international markets, analysts said.

    • 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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