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Nov 26, 2012

ICOA CEO says never had acquisition talks with Google

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.

Nov 26, 2012

Facebook shares jump on pair of ratings upgrades

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.

Nov 21, 2012

Facebook to share data with Instagram, loosen email rules

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
services.

Nov 21, 2012

Facebook director Andreessen sells $54 million in shares to cover taxes

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.

Nov 19, 2012

Yahoo shares reach 18-month high as investors warm to new CEO

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.

Nov 16, 2012

Exclusive: Facebook offering e-retailers sales tracking tool

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.

Nov 16, 2012

Facebook offering e-retailers sales tracking tool

SAN FRANCISCO, Nov 16 (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.

Nov 16, 2012

New Microsoft mantra after Sinofsky: Teamwork

SEATTLE/SAN FRANCISCO (Reuters) – The sudden departure of powerful Windows boss Steven Sinofsky this week is the first step in a plan by CEO Steve Ballmer to remodel Microsoft Corp (MSFT.O: Quote, Profile, Research) as a much more integrated operation in an attempt to take on Apple Inc (AAPL.O: Quote, Profile, Research) and Google Inc (GOOG.O: Quote, Profile, Research) at their own game.

After nearly 13 years at the helm of the world’s largest software maker, which just launched its first own-brand computer, sources inside the company say Sinofsky’s departure signals Ballmer’s new-found focus on co-operation between its self-sufficient – and sometimes warring – units.

Nov 16, 2012

Analysis: New Microsoft mantra after Sinofsky – Teamwork

SEATTLE/SAN FRANCISCO (Reuters) – The sudden departure of powerful Windows boss Steven Sinofsky this week is the first step in a plan by CEO Steve Ballmer to remodel Microsoft Corp as a much more integrated operation in an attempt to take on Apple Inc and Google Inc at their own game.

After nearly 13 years at the helm of the world’s largest software maker, which just launched its first own-brand computer, sources inside the company say Sinofsky’s departure signals Ballmer’s new-found focus on co-operation between its self-sufficient – and sometimes warring – units.

Nov 14, 2012

Facebook stock jumps as share lockup expires

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 8.8 percent at $21.60 in heavy
mid-day trading on the Nasdaq, off an earlier high at $22.09.

    • 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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