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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).

Apr 17, 2014

Google, IBM results raise questions about other tech-sector companies

SAN FRANCISCO (Reuters) – Disappointing results from Google Inc and IBM may unnerve investors shaken by a strong recent selloff in tech stocks, underscoring the challenges the Internet and IT sectors face as corporate report cards come due in coming weeks.

The two companies, both barometers of their respective industries, posted March-quarter results on Wednesday that missed Wall Street’s revenue targets, and their shares fell in after hours trade.

Apr 17, 2014

Google misses revenue target, ad prices slide

SAN FRANCISCO (Reuters) – Google Inc’s first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices.

Shares of Google were down 3 percent to $539.80 in afterhours trading on Wednesday, after initially sliding roughly 6 percent on the news.

Apr 16, 2014

Google first-quarter revenue misses Wall Street targets

SAN FRANCISCO (Reuters) – Google Inc’s first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, pushing its shares sharply lower.

Shares of Google were down 5.7 percent at $525 in after-hours trading on Wednesday.

    • 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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