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Apr 28, 2014

Google says self-driving car tests now focused on city driving

SAN FRANCISCO (Reuters) – Google Inc said it has begun testing its self-driving cars on city streets, a crucial new phase in its quest to eventually make the technology a standard feature in automobiles.

After several years of testing self-driving cars on freeways, where driving conditions are more predictable, Google in the past year shifted its focus to city street driving, the company said in a post on its official blog on Monday.

Apr 24, 2014

Baidu forecasts stronger-than-expected second-quarter revenue

By Alexei Oreskovic and Paul Carsten

(Reuters) – Chinese Internet company Baidu Inc forecast better-than-expected revenue for the second quarter, sending shares up 5 percent in after-hours trading.

Baidu said revenue in the second quarter will range between 11.820 billion yuan ($1.901 billion) and 12.110 billion yuan ($1.948 billion). Analysts polled by Thomson Reuters I/B/E/S were looking for second-quarter revenue of 11.573 billion yuan.

Apr 24, 2014

Google social networking boss Gundotra leaving company

SAN FRANCISCO (Reuters) – Google Inc’s head of social networking services, Vic Gundotra, is leaving the Internet search company, he said on Thursday, three years after overseeing the launch of the Google+ social network.

Gundotra, who has worked at Google for eight years, announced the move in a Google+ post. He did not give a reason or say where he was going, but related a story about a sudden death in his extended family which made him rethink life’s priorities.

Apr 24, 2014

Facebook acquires fitness tracking mobile app Moves

SAN FRANCISCO (Reuters) – Facebook Inc has acquired the maker of a mobile app that can track the distance consumers walk or run and measure the calories burned, giving the social networking company an entree into the nascent market for fitness and health monitoring technology.

Facebook did not disclose the price it paid for ProtoGeo Oy, the 2-year-old Helsinki company that makes the Moves app. A Facebook spokesman said the price for ProtoGeo, which has fewer than 10 employees, was not anywhere near what the company had paid for other higher-profile acquisitions recently.

Apr 24, 2014

Facebook’s next growth engines still warming up

SAN FRANCISCO, April 23 (Reuters) – Facebook Inc has
a message for Wall Street: Don’t expect new revenue streams
anytime soon.

The world’s No. 1 Internet social network delivered its
strongest revenue growth in several years during the first
quarter, as its mobile ad business gained steam.

Apr 23, 2014

Facebook first-quarter revenue grows 72 percent on rising mobile ads

SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street’s revenue target.

Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday.

Apr 23, 2014

Facebook Q1 revenue grows 72 percent on rising mobile ads

SAN FRANCISCO, April 23 (Reuters) – Facebook Inc’s
mobile advertising business continued to accelerate in the first
three months of the year, helping the Internet social networking
company top Wall Street’s revenue target.

Shares of Facebook were up nearly 3 percent at $63.05 in
after-hours trading on Wednesday.

Apr 22, 2014

Google extends reach into mobile apps with new ad feature

SAN FRANCISCO, April 22 (Reuters) – Google Inc
will allow marketers to run online ads that send consumers to a
page directly inside a mobile app, furthering the Internet
company’s effort to extend its multibillion-dollar advertising
business to smartphones.

The new advertising feature helps Google bridge the gap
between the traditional public Web pages that have long
underpinned its search business and the increasing number of
standalone, mobile apps popular with consumers. Mobile apps,
which are dedicated to everything from restaurant reviews to
online games, have typically been walled off and difficult for
Google to integrate into its search engine results.

Apr 17, 2014

Sina Weibo skyrockets in debut, sweeping aside censorship concerns

SAN FRANCISCO (Reuters) – Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country’s Internet sector and broader worries about lofty tech-stock valuations.

Investors are scrutinizing the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd.

Apr 17, 2014

Sina Weibo soars in debut, overcoming censorship concerns

SAN FRANCISCO (Reuters) – Shares of Weibo Corp (WB.O: Quote, Profile, Research, Stock Buzz) rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country’s Internet sector and broader worries about the outlook for tech-sector stocks.

Investors are watching the biggest debut of a Chinese Internet company in years, hoping for clues as to demand for the highly anticipated IPO of far larger e-commerce giant Alibaba Group Holding Ltd (IPO-ALIB.N: Quote, Profile, Research, Stock Buzz).

    • 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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