SAN FRANCISCO, Dec 3 (Reuters) – Yahoo Inc believes
it has “numerous” grounds to appeal a Mexico City civil court’s
$2.7 billion preliminary judgment against the company, including
both errors in procedure and in application of law, a person
familiar with the matter told Reuters on Monday.
The ruling in the case, which involves allegations of breach
of contract related to an online yellow pages listings service,
was made by the 49th Civil Court of the Federal District of
Mexico City, Yahoo announced on Friday.
SAN FRANCISCO (Reuters) – Facebook Inc opened the polls on Monday for its roughly 1 billion users to vote on a variety of changes to the social network’s policies, including a proposal to scrap the user voting system that Facebook introduced in 2009.
Facebook also said it had “clarified” some of the proposed changes, specifying that a new policy allowing it to share user data with recently acquired photo-application Instagram will be carried out in compliance with applicable laws and that Facebook will seek user consent when necessary.
SAN FRANCISCO, Nov 29 (Reuters) – Facebook Inc and
Zynga Inc severed the cozy ties that once bound the
Internet industry’s closest couple, revising a years-old
partnership between the two companies.
The two companies reported in regulatory filings on Thursday
that they had reached an agreement to amend a deal struck in
2010 that was widely seen as giving Zynga privileged status on
the world’s No.1 social network.
SAN FRANCISCO, Nov 26 (Reuters) – Two privacy advocacy
groups urged Facebook Inc on Monday to withdraw proposed
changes to its terms of service that would allow the company to
share user data with recently acquired photo-application
Instagram, eliminate a user voting system and loosen email
restrictions within the social network.
The changes, which Facebook unveiled on Wednesday, raise
privacy risks for users and violate the company’s previous
commitments to its roughly 1 billion members, according to the
Electronic Privacy Information Center and the Center for Digital
SAN FRANCISCO (Reuters) – The chief executive of wireless hotspot provider ICOA Inc said his company has never had acquisition talks with Google Inc and is contacting authorities about a “hoax” press release on Monday that said Google acquired his company for $400 million.
“ICOA never had any discussions with any major company like Google,” said ICOA CEO and Chairman George Strouthopoulos in an email on Monday.
SAN FRANCISCO, Nov 26 (Reuters) – Facebook Inc (FB.O: Quote, Profile, Research) shares
soared more than 8 percent on Monday, reaching the highest level
in four months after two Wall Street analysts upgraded their
views on the social networking company.
New ads that appear directly within Facebook’s newsfeed are
set to boost revenue over the next 12 to 24 months, Sanford
Bernstein & Co analyst Carlos Kirjner said in a note to
investors on Monday. Kirjner raised his rating on Facebook to
“outperform” from “market perform,” and lifted his price target
to $33 a share from $23.
SAN FRANCISCO, Nov 21 (Reuters) – Facebook Inc is
proposing to combine user data with that of recently acquired
photo-sharing service Instagram, and will loosen restrictions on
emails between members of the social network.
Facebook also said on Wednesday it is proposing to scrap a
4-year old process that can allow the social network’s roughly 1
billion users to vote on changes to its policies and terms of
SAN FRANCISCO (Reuters) – Facebook Inc board member Marc Andreessen sold roughly $54 million worth of shares in the social networking company on Monday to cover taxes he owes on his holdings.
Andreessen’s sales are among the latest transactions by Facebook insiders as trading restrictions have expired following the company’s May initial public offering.
SAN FRANCISCO (Reuters) – Yahoo Inc shares reached their highest level in a year and a half, as investor confidence grows that new Chief Executive Marissa Mayer can pull off a comeback that eluded three of her predecessors.
The Internet pioneer has yet to actually provide Wall Street with any hard evidence that its business is turning a corner – and she has warned that it will be a lengthy job – but investor faith in the ex-Google executive is running high.
SAN FRANCISCO (Reuters) – Facebook Inc wants more credit for making online cash registers ring.
Facebook will begin rolling out on Friday a new tool which will allow online retailers to track purchases by members of the social network who have viewed their ads.