Gerry's Feed
Sep 17, 2013

Insight: How freewheeling Twitter became a money-spinning juggernaut

SAN FRANCISCO (Reuters) – Around midnight on Christmas Eve of 2009, a handful of employees at Twitter received an unconventional holiday greeting from Dick Costolo, then the chief operating officer.

“It was an email that said, ‘We have to move really, really fast. There’s no time to rest because we have a massive opportunity in front of us,” recalled Anamitra Banerji, who headed the team that built Twitter’s first advertising product. “It was kind of crazy because we were all on break, but that attitude was exactly what we needed at Twitter.”

Sep 17, 2013

How freewheeling Twitter became a money-spinning juggernaut

SAN FRANCISCO, Sept 15 (Reuters) – Around midnight on
Christmas Eve of 2009, a handful of employees at Twitter
received an unconventional holiday greeting from Dick Costolo,
then the chief operating officer.

“It was an email that said, ‘We have to move really, really
fast. There’s no time to rest because we have a massive
opportunity in front of us,” recalled Anamitra Banerji, who
headed the team that built Twitter’s first advertising product.
“It was kind of crazy because we were all on break, but that
attitude was exactly what we needed at Twitter.”

Sep 13, 2013

Twitter takes first step toward going public

SAN FRANCISCO/NEW YORK (Reuters) – Twitter Inc has filed for an initial public offering with U.S. regulators, the company said on Thursday, taking the first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc’s last year.

The impending IPO of the microblogging phenomenon ignited a competition among Wall Street’s biggest names for the prestige of managing its coming-out party. Goldman Sachs is lead underwriter, a source familiar with the matter said on Thursday, which is a major coup for the Wall Street bank.

Sep 12, 2013

Twitter says files confidentially for IPO

SAN FRANCISCO/NEW YORK (Reuters) – Twitter Inc has filed confidentially for an initial public offering, the company said on Thursday, taking the first step toward what would be Silicon Valley’s most anticipated debut since Facebook Inc’s last year.

The impending IPO of the microblogging phenomenon ignited a competition among Wall Street’s biggest names for the prestige of managing its coming-out party. Goldman Sachs is an underwriter, a source familiar with the matter said on Thursday.

Sep 12, 2013

FTC to scrutinize new Facebook facial recognition feature

By Aurindom Mukherjee and Gerry Shih

(Reuters) – U.S. officials will examine changes to Facebook Inc’s privacy policy to determine whether they violate a 2011 agreement with federal regulators, a Federal Trade Commission spokesman confirmed Wednesday after certain changes drew fire from privacy advocates.

Much of the criticism has focused on a proposed “Tag Suggest” feature that would use facial recognition technology to match faces in photos with public profile features, part of a broad set of privacy changes the social networking giant announced on August 29.

Sep 12, 2013

Facebook shares break $45 for first time since 2012 IPO

SAN FRANCISCO (Reuters) – Shares of Facebook Inc rose more than 3 percent to a new high Wednesday, valuing the world’s No. 1 social network at $106 billion, as investors focused on its recent mobile advertising advances and the potential to expand ad revenue into new areas.

The stock touched $45 at 1:50 p.m. ET and briefly hit $45.07 shortly after 2 p.m. on the Nasdaq – highs not seen since May 18, 2012, the day of Facebook’s initial public offering. It closed at $45.04.

Aug 29, 2013

Salesforce’s raised outlook reassures, lifts shares

SAN FRANCISCO, Aug 29 (Reuters) – Salesforce.com Inc
raised its fiscal 2014 sales outlook after reporting
better-than-expected revenue and earnings on Thursday,
reassuring jittery investors that the cloud software company
will continue its red-hot growth.

The company raised its full-year revenue guidance to between
$4 billion and $4.025 billion, in line with Wall Street
expectations of roughly $4 billion.

Aug 28, 2013

New York Times, Twitter hacked by Syrian group

SAN FRANCISCO (Reuters) – Media companies including the New York Times, Twitter and the Huffington Post lost control of some of their websites Tuesday after hackers supporting the Syrian government breached the Australian Internet company that manages many major site addresses.

The Syrian Electronic Army, a hacker group that has previously attacked media organizations that it considers hostile to the regime of Syrian president Bashar al-Assad, claimed credit for the Twitter and Huffington Post hacks in a series of Twitter messages.

Aug 27, 2013

Facebook says countries sought data on 38,000 users first half of 2013

SAN FRANCISCO (Reuters) – Governments sought information on over 38,000 Facebook users in the first half of 2013 and the No.1 social network complied with most requests, the firm said in its first report on the scale of data inquiries it gets from countries around the world.

The report follows allegations by former intelligence contractor Edward Snowden that practically every major Internet company – including Facebook, Google Inc and Microsoft Corp – routinely hands over troves of data on potentially millions of users to national intelligence agencies.

Aug 23, 2013

Pandora: Sing a song of slumping shares

SAN FRANCISCO (Reuters) – Internet radio service Pandora Media Inc (P.N: Quote, Profile, Research, Stock Buzz) said on Thursday that rising expenditures to acquire music and expand its sales force would push fiscal 2014 earnings below analyst expectations, and its shares slumped 5 percent.

The company also backtracked on a 40-hour monthly limit on free music streaming that was announced just six months ago, a measure originally implemented to control rising costs. Pandora said it will lift the monthly cap September 1 after watching its margins improve.