Real gifts sold on Facebook as site taps commerce potential
MENLO PARK, California (Reuters) – Facebook Inc is taking a small step toward becoming an e-commerce platform by launching a feature for users to buy and send real gifts worth as much as hundreds of dollars.
As of Thursday, users can purchase and ship products from more than a hundred “Facebook Gifts” vendors with a few clicks on the company’s website. The products include eyeglasses by Warby Parker, Starbucks coffee, and pastries from New York-based Magnolia Bakery.
Salesforce launches new social media software to fend off competition
SAN FRANCISCO (Reuters) – Salesforce.com Inc unveiled on Wednesday a new software suite that reflects the company’s aggressive push into fields like marketing and human resources as it battles heightened competition from rivals.
CEO and founder Marc Benioff announced the new products at the company’s Dreamforce conference in San Francisco, promising to bring about a “social revolution” to how large companies use software to manage their business.
Zynga to acquire A Bit Lucky to roll out more complex games
SAN FRANCISCO (Reuters) – Zynga Inc will acquire A Bit Lucky, a digital gaming studio known for Facebook-based titles like “Lucky Train.”
Terms of the deal, announced on Monday, were not disclosed.
Zynga said more than 20 A Bit Lucky employees, currently based in San Mateo, California, will join Zynga’s San Francisco division.
Zynga hits EA in court over employee hiring deal
SAN FRANCISCO (Reuters) – Zynga Inc (ZNGA.O: Quote, Profile, Research, Stock Buzz) fired back against rival gaming company Electronic Arts Inc (EA.O: Quote, Profile, Research, Stock Buzz), saying an EA lawsuit breached a deal between the two that restricted how Zynga can try to hire the other company’s employees.
Zynga’s allegations on Friday came as a counterclaim to a lawsuit filed by EA last month in a San Francisco federal court. EA had accused Zynga of copying key elements of its popular “The Sims Social” game for Zynga’s own title, “The Ville”.
Google rejects White House request to pull Mohammad film clip
SAN FRANCISCO (Reuters) – Google Inc rejected a request by the White House on Friday to reconsider its decision to keep online a controversial YouTube movie clip that has ignited anti-American protests in the Middle East.
The Internet company said it was censoring the video in India and Indonesia after blocking it on Wednesday in Egypt and Libya, where U.S. embassies have been stormed by protestors enraged over depiction of the Prophet Mohammad as a fraud and philanderer.
Google blocks YouTube clip only in Egypt and Libya
SAN FRANCISCO/LOS ANGELES (Reuters) – YouTube, the video website owned by Google Inc, will not remove a film clip mocking the Islamic Prophet Mohammad that has been blamed for anti-U.S. protests in Egypt and Libya, but it has blocked access to it in those countries.
The clip, based on a longer film, depicts the prophet as a fraud and philanderer and has been blamed for sparking violence at U.S. embassies in Cairo and Benghazi. U.S. Ambassador to Libya Christopher Stevens and three other American diplomats were killed by gunmen in an attack on the U.S. Consulate in Benghazi on Tuesday.
Google blocks YouTube clip in Egypt and Libya; keeps it online
SAN FRANCISCO (Reuters) – YouTube, the video website owned by Google Inc, said on Wednesday it would not remove a film clip mocking the Islamic Prophet Muhammad that has been blamed for anti-U.S. protests in Egypt and Libya, but it has blocked access to it in those countries.
The clip, based on a longer film, depicts the prophet as a fraud and philanderer and has been blamed for sparking violence at U.S. embassies in Cairo and Benghazi. The U.S. Ambassador to Libya, J. Christopher Stevens, and three other American diplomats were killed in an attack on the U.S. embassy in Benghazi on Tuesday.
Facebook CEO dangles search and mobile, shares rally
SAN FRANCISCO (Reuters) – Facebook Inc CEO Mark Zuckerberg soothed investors in his first major public appearance since the No. 1 social network’s rocky May IPO, breathing life into its struggling shares after hinting at new growth areas from mobile to search.
The 28-year-old co-founder looked confident in a gray T-shirt and jeans, asking Wall Street to be patient as the company developed new products, addressing issues such as employee morale, and dashing rumors Facebook may build a smartphone.
Zuckerberg admits to post-IPO disappointment
SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg admits to being disappointed about his company’s crumbling share price, but argued that Wall Street did not yet grasp the full long-term potential of its slow-growing mobile business.
The 28-year-old co-founder looked confident in his first public appearance since the company’s rocky initial public offering in May, followed by a plunge of almost 50 percent in price. On Tuesday, anticipation ahead of Zuckerberg’s outing helped drive the shares up 3 percent after hours to above $20 (12.44 pounds), building on a 3.3 percent gain in regular trade.
Facebook’s Zuckerberg admits to post-IPO disappointment
SAN FRANCISCO (Reuters) – Facebook Inc Chief Executive Mark Zuckerberg admits to being disappointed about his company’s crumbling share price, but argued that Wall Street did not yet grasp the full long-term potential of its slow-growing mobile business.
The 28-year-old co-founder looked confident in his first public appearance since the company’s rocky initial public offering in May, followed by a plunge of almost 50 percent in price. On Tuesday, anticipation ahead of Zuckerberg’s outing helped drive the shares up 3 percent after hours to above $20, building on a 3.3 percent gain in regular trade.
