Gerry's Feed
Nov 1, 2013

Facebook’s ad warning sounds a note of caution for Twitter

SAN FRANCISCO, Oct 31 (Reuters) – Facebook Inc’s
investors and other proponents of the social network like to say
that it captures one of the greatest concentrations of human
attention on the planet and thus offers a boundless opportunity
for advertisers.

But Facebook Chief Financial Officer David Ebersman on
Wednesday cast doubt on those assertions by suggesting that
there may be a limit on how many ads Facebook can show users
before they get turned off.

Oct 30, 2013

Twitter goes for more eye-catching look

SAN FRANCISCO (Reuters) – Twitter was born in 2006 as a stream of SMS text messages. Before going public in 2013, it’s now reveling in images.

The company tweaked its design Tuesday to favor image- and video-sharing by showing visual media directly within the Twitter timeline. Users previously had to click on a tweet to view the embedded multimedia.

Oct 30, 2013

LinkedIn’s conservative forecast gives pause to sizzling stock surge

SAN FRANCISCO, Oct 29 (Reuters) – LinkedIn Corp
issued a conservative revenue forecast through the end of the
year that damped a sizzling run in its stock price, taking the
shine off an upbeat performance at the professional social
network in the third quarter.

The company said it expected between $415 million and $420
million in revenue for the final three months of the year, lower
than the $438 million expected by analysts polled by Thomson
Reuters I/B/E/S. LinkedIn said fourth-quarter growth will not be
as impressive as a year ago when it rolled out new features.

Oct 29, 2013

LinkedIn’s revenue tops Street but gives conservative forecast

SAN FRANCISCO, Oct 29 (Reuters) – LinkedIn Corp
announced strong user growth and better-than-expected third
quarter revenue of $393 million on Tuesday, a 56 percent jump
from a year ago, but issued a conservative revenue forecast for
the fourth quarter and fiscal 2013.

LinkedIn said it expected between $415 million and $420
million in sales for the final three months, lower than the $438
million expected by analysts polled by Thomson Reuters I/B/E/S.
Its full-year revenue estimates, although revised upward to $1.5
billion, also fell slightly short of Wall Street’s expectations.

Oct 24, 2013

Twitter IPO pegs valuation at modest $11 billion

SAN FRANCISCO (Reuters) – Seeking to avoid a repeat of Facebook Inc’s much-maligned public debut, Twitter Inc revealed more modest ambitions on Thursday, saying its initial public offering would raise up to $1.6 billion and value the company at up to $10.9 billion.

The valuation was more conservative than the $15 billion that some analysts had expected for the social media phenomenon.

Oct 24, 2013

Zynga hires chief operating officer with mobile expertise

SAN FRANCISCO, Oct 24 (Reuters) – Zynga Inc said on
Thursday it hired Clive Downie, an executive from a mobile
gaming company, to be its new chief operating officer overseeing
mobile game distribution and other business functions.

The game publisher, which once enjoyed outsized sales from
popular PC-based games such as FarmVille, has sought to regain
its financial footing by introducing titles that can be played
on smartphones and tablets, the increasingly preferred format
for casual gamers.

Oct 23, 2013

Pinterest valued at $3.8 billion in hefty financing deal

SAN FRANCISCO (Reuters) – Pinterest has won a $225 million round of equity funding that values the virtual scrapbooking company at $3.8 billion, two people with knowledge of the investment said Wednesday.

The deal, led by Fidelity Investments, makes Pinterest one of the most valuable privately held consumer Internet companies just 2-1/2 years after it secured its first round of venture capital financing in May of 2011.

Oct 22, 2013

Google unveils services promoting free expression

SAN FRANCISCO (Reuters) – Google Inc will begin to shield news organizations and human rights groups from cyberattacks as part of a new package of services designed to support “free expression” on the Web, the internet giant said Monday.

At a presentation in New York, the company also unveiled a new technology called uProxy that allows citizens under some regimes to bypass government censorship or surveillance software to surf the Web. The software will be available for Google’s Chrome browser and Firefox but not for rival Microsoft Corp’s Internet Explorer, at least initially.

Oct 16, 2013

Twitter picks NYSE for IPO even as losses widen

SAN FRANCISCO (Reuters) – Twitter Inc revealed on Tuesday a tripling in quarterly losses as it prepares to list on the New York Stock Exchange in one of the year’s most anticipated IPOs.

The online messaging service’s decision to go with the older exchange deals a blow to the tech-heavy Nasdaq, which bungled Facebook Inc’s 2012 offering. Twitter is now expected to kick off its investor roadshow on October 28 where it will pitch its offering to Wall Street before shares start trade in mid-November, two sources familiar with the situation said Tuesday.

Oct 15, 2013

Twitter picks NYSE as quarterly results affirm IPO hopes

SAN FRANCISCO (Reuters) – Twitter Inc will list on the New York Stock Exchange, a marquee IPO win that deals a blow to the tech-heavy Nasdaq which bungled rival Facebook’s initial public offering.

In an amended IPO filing on Tuesday, Twitter also showed that it sustained its pace of revenue and user expansion in the just-ended third quarter, affirmation for investors hoping to capitalize on the sizzling growth of the messaging service.