Alexei's Feed
Jul 20, 2012

No room for error in Facebook’s debut quarter

SAN FRANCISCO (Reuters) – Facebook Inc faces immense pressure to beat Wall Street’s financial targets when its delivers its inaugural quarterly earnings report next week, hoping to wash away the bad taste left with investors from a soured IPO.

The No. 1 social networking company’s second-quarter report on July 26 will be scrutinized by investors looking for clues on the health of its business, which is experiencing a sharp slowdown in revenue growth and mounting questions about its advertising sales.

Jul 20, 2012

Google’s Internet biz roars even as ad rates slide

SAN FRANCISCO (Reuters) – Google Inc’s revenue increased 21 percent as strength in its Internet advertising business offset a persisting drop in ad rates, stirring hopes among investors the Web search leader is close to slowing that decline.

Shares of Google were up about 3 percent in after hours trade.

Advertising rates, or costs per click, have headed south as users gravitate to smartphones and tablets, where Google can generally charge less than on desktop computers.

Jul 19, 2012

Mayer gets $70 million pay package to lead Yahoo

By Alexei Oreskovic and Peter Lauria

(Reuters) – New Yahoo Chief Executive Marissa Mayer’s compensation package could total more than $70 million in salary, bonuses, restricted stock and stock options over five years, according to a regulatory filing made by the company Thursday.

Mayer’s pay package is broken out into $1 million in annual salary, as much as $2 million in an annual bonus, and $42 million in stock options and other awards, as well as $14 million in “make whole restricted options” for forfeiture of compensation from Google Inc.

Jul 19, 2012

Google revenue leaps 21 percent on strong Web searches

SAN FRANCISCO (Reuters) – Google Inc’s (GOOG.O: Quote, Profile, Research, Stock Buzz) revenue for its core Internet business rose 21 percent in the second quarter, as strength in Web search advertising offset falling ad rates.

Shares of Google were up about 3 percent at $611 in after-hours trading on Thursday.

Jul 19, 2012

Facebook, Wal-Mart chiefs meet to “deepen” relationship

By Alexei Oreskovic and Jessica Wohl

(Reuters) – Facebook Inc Chief Executive Mark Zuckerberg is about to add the biggest retail players to his list of friends.

Zuckerberg and his senior management team will spend two days at Wal-Mart Stores Inc’s Bentonville, Arkansas home office this week, meeting with executives of the world’s largest retailer and discussing ways to “deepen” their relationship.

Jul 19, 2012

Google reports $12.2 bln in 2nd-quarter revenue

July 19 (Reuters) – Google Inc’s (GOOG.O: Quote, Profile, Research) core Internet
business boosted revenue 21 percent in the second quarter,
while its recently acquired Motorola Mobility business raised
Google’s overall revenue to $12.21 billion.

Google reported second-quarter net income of $2.79 billion,
or $8.42 per share, on a consolidated basis.

Jul 18, 2012
via MediaFile

Twist – a new app for the punctuality-challenged

Photo

The minds of Silicon Valley have yet to find the cure for tardiness, but they have figured out a way to make being late less rude.

A new app call Twist notifies friends and colleagues when you’re running late, calculating the estimated time of arrival to your destination on-the-fly and zipping off text messages to the people waiting for you.

Jul 18, 2012

Yahoo turns to Google’s Mayer for revival

SAN FRANCISCO/NEW YORK (Reuters) – Yahoo Inc picked Google Inc’s Marissa Mayer to become its new CEO, turning to an engineer with established Silicon Valley credentials to turn around the struggling former Internet powerhouse.

Mayer, 37, edged out front-runner and acting Chief Executive Ross Levinsohn to become Yahoo’s third CEO in a year. She hopes to stem losses to Google and Facebook Inc – which her high-profile predecessors failed to do.

Jul 18, 2012

Yahoo profit dips slightly, Mayer absent from call

SAN FRANCISCO (Reuters) – Yahoo Inc’s (YHOO.O: Quote, Profile, Research, Stock Buzz) new chief executive, Marissa Mayer, and Ross Levinsohn, the executive whom she replaced, both sat out the company’s second quarter earnings call Tuesday.

The once iconic Internet company caught analysts, investors and industry watchers by surprise Monday when it announced that it had poached Mayer from Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz) to be its next CEO. Many had assumed that after a stellar run as interim-CEO that Levinsohn would be named to the position on a permanent basis simultaneous with its earnings announcement.

Jul 17, 2012

New CEO Mayer, Levinsohn skip Yahoo’s Q2 earnings call

SAN FRANCISCO, July 17 (Reuters) – Yahoo Inc’s new
chief executive, Marissa Mayer, and Ross Levinsohn, the
executive whom she replaced, both sat out the company’s second
quarter earnings call Tuesday.

The once iconic Internet company caught analysts, investors
and industry watchers by surprise Monday when it announced that
it had poached Mayer from Google Inc to be its next
CEO. Many had assumed that after a stellar run as interim-CEO
that Levinsohn would be named to the position on a permanent
basis simultaneous with its earnings announcement.

    • 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."
    • Follow Alexei