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Nov 14, 2012

Facebook jumps as lockup expires on big block of shares

SAN FRANCISCO, Nov 14 (Reuters) – Shares of Facebook Inc
jumped as much as 11.2 percent on Wednesday, even as the
biggest block of shares held by insiders became eligible for
sale for the first time since the social media company’s
disappointing debut in May.

Facebook shares were up 8.5 percent at $21.54 in heavy
morning trade on the Nasdaq, off an earlier high at $22.09.

Nov 14, 2012

Facebook stock up as lock-up expires on largest block of shares

SAN FRANCISCO (Reuters) – Shares of Facebook Inc jumped 10 percent in early trading on Wednesday, even as the biggest block of shares held by insiders became eligible for sale for the first time since the social media company’s disappointing debut in May.

In heavy morning trading, Facebook gained $2.02 to $21.89.

“While the lock-up is expiring, there is nothing requiring anybody to sell,” said Tim Ghriskey, chief investment officer at Solaris Group in Bedford Hills, New York. “Given the low price, these long-term holders are deciding to hold the stock and that is lifting it here as the fear of the expiration subsides.”

Nov 12, 2012

Analysis: Google’s Android finally earns respect with developers

SAN FRANCISCO (Reuters) – The mobile video game Kingdoms at War is popular with owners of Apple Inc’s iPhone and Google Inc’s Android smartphones alike. But for the game’s maker, there is a very important difference – it earns more than double the money on iPhones and iPads than it does on Android devices.

The disparity is a weakness for Android, which has emerged as the world’s most widespread mobile operating system, but has long suffered second-class status among software app developers who prefer the prestige, higher revenue potential and uniformity of Apple’s rival platform.

Nov 12, 2012

Google’s Android finally earns respect with developers

SAN FRANCISCO (Reuters) – The mobile video game Kingdoms at War is popular with owners of Apple Inc’s iPhone and Google Inc’s Android smartphones alike. But for the game’s maker, there is a very important difference – it earns more than double the money on iPhones and iPads than it does on Android devices.

The disparity is a weakness for Android, which has emerged as the world’s most widespread mobile operating system, but has long suffered second-class status among software app developers who prefer the prestige, higher revenue potential and uniformity of Apple’s rival platform.

Nov 12, 2012

Groupon fights for its life as daily deals fade

CHICAGO/SAN FRANCISCO (Reuters) – Groupon and its compatriots in the much-hyped daily deals business were supposed to change the very nature of small-business advertising. Instead, it is the daily deal vendors that are racing to change as evidence mounts that their business model is fundamentally flawed.

Groupon last week reported another quarter of disappointing earnings as its core business stagnated, sending its stock down 30 percent to an all-time low of $2.76. Its biggest rival, Living Social, is piling up losses, and part-owner Amazon.com (AMZN.O: Quote, Profile, Research) earlier this month recorded a quarterly loss after writing down its Living Social investment.

Nov 12, 2012

Analysis: Groupon fights for its life as daily deals fade

CHICAGO/SAN FRANCISCO (Reuters) – Groupon and its compatriots in the much-hyped daily deals business were supposed to change the very nature of small-business advertising. Instead, it is the daily deal vendors that are racing to change as evidence mounts that their business model is fundamentally flawed.

Groupon last week reported another quarter of disappointing earnings as its core business stagnated, sending its stock down 30 percent to an all-time low of $2.76. Its biggest rival, Living Social, is piling up losses, and part-owner Amazon.com earlier this month recorded a quarterly loss after writing down its Living Social investment.

Nov 5, 2012

U.S. judge tosses Apple vs. Google lawsuit over patents

By Dan Levine and Alexei Oreskovic

(Reuters) – An Apple’s lawsuit against Google’s Motorola Mobility unit over alleged patent abuse was thrown out on Monday just hours before trial, a setback for the iPhone maker in its efforts to gain leverage in the smartphone patent wars.

The two rivals were set to square off in a Madison, Wisconsin federal court over the library of patents Google Inc acquired along with Motorola for $12.5 billion in May. Apple Inc claimed Motorola’s licensing practices were unfair.

Nov 2, 2012

Facebook’s Sandberg sells $7.4 million in stock

SAN FRANCISCO (Reuters) – Facebook Inc Chief Operating Officer Sheryl Sandberg and two other executives at the social networking company sold millions of dollars worth of stock this week as restrictions on insider trading expired.

Sandberg netted about $7.44 million by selling roughly 353,000 Facebook shares on Wednesday, according to a filing with the SEC on Friday. Sandberg still owns 18.1 million vested shares of Facebook stock, according to the filing.

Nov 2, 2012

Google’s Android software in 3 out of 4 smartphones

SAN FRANCISCO (Reuters) – Three out of every four smartphones sold in the third quarter featured Google Inc’s Android mobile operating system, as the gap between Google and Apple Inc-based phones widened further, according to a new research report.

Shipments of Android-based smartphones made by Samsung, HTC and other vendors nearly doubled in the third quarter, reaching 136 million units, according to industry research firm IDC. The strong sales boosted Android’s share of the worldwide smartphone market to 75 percent, from 57.5 percent in the year-ago period.

Nov 1, 2012

LinkedIn beats expectations, raises full-year rev view

By Alexei Oreskovic

(Reuters) – Professional social network LinkedIn Corp topped Wall Street’s third-quarter profit and revenue targets, as advertising rates increased and sales from its hiring services nearly doubled.

Shares of LinkedIn gained nearly 8 percent to $115.15 in after-hours trading on Thursday, as the company extended its streak of beating analyst expectations every quarter since its May 2011 initial public offering.

    • 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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