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Oct 23, 2012

Facebook mobile revenue grows faster than expected

SAN FRANCISCO (Reuters) – Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than expected pace that helped reassure investors that the world’s No. 1 social network is beginning to figure out how to earn money off smartphone and tablet users.

The company now gets 14 percent of its advertising revenue from mobile ads, translating into more than $150 million — a surge from an estimated $40 million to $50 million in the second quarter and almost nothing in the first.

Oct 23, 2012

Yahoo’s new CEO Mayer takes on the mobile challenge

SAN FRANCISCO (Reuters) – Yahoo Chief Executive Marrisa Mayer promised to modernize Yahoo’s websites and make them more smartphone-friendly in her debut appearance at the helm of the struggling company, faulting it for underinvesting in the “mobile wave”.

Mayer, once a rising star at Google Inc who took charge at Yahoo in July, told analysts on a conference call that she wanted to focus Yahoo’s efforts around the “daily habits” of users such as email, the home page, Internet search and mobile devices.

Oct 22, 2012

Yahoo third-quarter profit beats forecast

SAN FRANCISCO (Reuters) – Yahoo Inc’s quarterly earnings beat expectations, but Wall Street remains keen to hear new CEO Marissa Mayer outline her plan for reviving the struggling Web company’s revenue growth.

Yahoo shares were up about 3 percent at $16.23 in after hours trading on Monday.

Oct 22, 2012

Yahoo net earnings top Street view

SAN FRANCISCO, Oct 22 (Reuters) – Yahoo Inc’s
quarterly earnings beat expectations, but Wall Street remains
keen to hear new CEO Marissa Mayer outline her plan for reviving
the struggling Web company’s revenue growth.

Yahoo shares were up about 3 percent at $16.23 in after
hours trading on Monday.

Oct 22, 2012

Analysis: Yahoo CEO’s comeback plan homes in on technology, not media

SAN FRANCISCO (Reuters) – Marissa Mayer, who earned a reputation for decisive action and intensity during her 13-year stint at Google Inc (GOOG.O: Quote, Profile, Research, Stock Buzz), has spent her first months as Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) CEO quietly moving the Internet pioneer back to its roots in technology.

Long torn between whether it should focus on media content or on tools and technologies, Yahoo under Mayer is being positioned firmly in the latter camp, according to sources inside and outside the company.

Oct 22, 2012

Yahoo CEO’s comeback plan homes in on technology

SAN FRANCISCO, Oct 21 (Reuters) – Marissa Mayer, who earned
a reputation for decisive action and intensity during her
13-year stint at Google Inc (GOOG.O: Quote, Profile, Research), has spent her first months
as Yahoo Inc (YHOO.O: Quote, Profile, Research) CEO quietly moving the Internet pioneer
back to its roots in technology.

Long torn between whether it should focus on media content
or on tools and technologies, Yahoo under Mayer is being
positioned firmly in the latter camp, according to sources
inside and outside the company.

Oct 21, 2012

Yahoo CEO’s comeback plan hones in on technology, not media

SAN FRANCISCO (Reuters) – Marissa Mayer, who earned a reputation for decisive action and intensity during her 13-year stint at Google Inc, has spent her first months as Yahoo Inc CEO quietly moving the Internet pioneer back to its roots in technology.

Long torn between whether it should focus on media content or on tools and technologies, Yahoo under Mayer is being positioned firmly in the latter camp, according to sources inside and outside the company.

Oct 19, 2012

Google results miss; shares dive after premature report

SAN FRANCISCO (Reuters) – Google Inc’s quarterly results fell well short of Wall Street’s expectations after its core advertising business slowed, stunning investors accustomed to consistently rapid growth from the Internet giant and wiping more than 9 percent off its market value.

The disappointing numbers on Thursday came hours ahead of schedule in a rare instance of premature filing. Google blamed the misfire on an unauthorized filing by its financial printers, RR Donnelley & Sons Co, and later confirmed the numbers’ accuracy.

Oct 18, 2012

Google results, filed by mistake, miss; shares dive

SAN FRANCISCO (Reuters) – Google Inc inadvertently released its draft quarterly results hours ahead of schedule, missing expectations on both revenue and earnings and wiping 9 percent off the market value of the Internet search and advertising leader.

Google said its financial printers, RR Donnelley, filed its draft results statement without authorization. The company said it was working now to finalize the statement.

Oct 15, 2012

Yahoo’s Mayer taps former Google colleague for COO

SAN FRANCISCO, Oct 15 (Reuters) – Yahoo Inc hired
Henrique de Castro, a Google Inc executive, to be its
chief operating officer, the latest move by Yahoo Chief
Executive Marissa Mayer to build a new management team at the
struggling Web company.

De Castro, who will oversee Yahoo’s global sales,
operations, media and business development, will be eligible for
a whopping $58 million total compensation package, according to
an SEC filing by Yahoo on Monday.

    • 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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