SAN FRANCISCO (Reuters) – The chief operating officer for mobile payments company Square, Keith Rabois, abruptly resigned after an employee accused him of sexual harassment and demanded “millions of dollars” to stave off a potential lawsuit, he disclosed in a Friday blog post.
The online revelation by Rabois, a well-regarded senior executive at the multibillion-dollar startup founded by Twitter Inc co-creator Jack Dorsey, caused a sensation in the close-knit Silicon Valley community and ignited a flurry of tweets.
SAN FRANCISCO (Reuters) – BlackRock, the world’s largest asset management company, has taken an $80 million (50 million pounds) stake in Twitter Inc, a person with knowledge of the deal said Friday.
The six-year old social media company will not raise new capital as part of the private deal that values the firm at more than $9 billion. BlackRock will buy shares directly from early Twitter employees seeking to liquidate their stock holdings and options.
SAN FRANCISCO, Jan 24 (Reuters) – Twitter Inc, the social
network known for its 140-character messages, hinted at the
direction of its evolution on Thursday with the launch of a new
streaming video service for smartphones.
The service, called Vine, records six-second-long video
clips, which can then be seamlessly embedded within tweets.
SAN FRANCISCO, Jan 23 (Reuters) – Under pressure to quicken
its growth, the once-red hot question-and-answer startup
Quora.com said it will launch a blogging platform to encourage
more input from its users, who share everything from intensely
personal experiences to deep technical knowledge on the site.
Touted just two years ago as the next Wikipedia, or perhaps
even the next Google, Quora has not overtaken its more modest
rivals, much less joined the pantheon of Web giants.
SAN FRANCISCO (Reuters) – Evan Williams and Biz Stone, the co-founders of Twitter, have leased three sprawling floors in a historic downtown San Francisco tower for their low-profile start-up incubator, The Obvious Corporation.
Obvious said Friday it leased 75,000 square feet at the busy 760 Market Street location – known as the Phelan Building – in one of the city’s larger commercial real estate deals in recent months.
SAN FRANCISCO (Reuters) – An empty oil tanker struck a tower of the San Francisco Bay Bridge on Monday but did not appear to spill any oil into the bay, the U.S. Coast Guard and California state officials said.
The 750-foot-long “Overseas Reymar,” sailing under a Marshall Islands flag, was leaving the bay amid heavy fog on Monday morning when its starboard hull scraped one of the towers supporting the Bay Bridge.
SAN FRANCISCO/NEW YORK (Reuters) – The Associated Press began using its official Twitter account as an advertising platform on Monday, as the news organization seeks new forms of revenue.
Samsung Electronics Co Ltd was the first sponsor on the @ap account for breaking news, which is followed by 1.5 million Twitter users. The South Korean electronics maker’s initial “SPONSORED TWEET” promoted its events at the 2013 Consumer Electronics Show in Las Vegas this week.
SAN FRANCISCO, Dec 19 (Reuters) – Twitter’s 200 million
active users can soon savor or cringe over every single
statement they’ve tweeted when the social media company begins
sending users their entire archive of 140-character messages.
Only English-language users have this service for now, but
Twitter will eventually send a download link containing the full
personal archives in one file to any user who asks, the company
said on Wednesday.
SAN FRANCISCO, Dec 18 (Reuters) – Tubular, a small San
Francisco start-up that provides analytics for YouTube content
creators, has raised $2.5 million in venture capital in the
latest sign of how far the business ecosystem has evolved around
the Google-owned video repository.
YouTube was once known as Wild West of online video, but
over the past two years Google has focused on raising the
quality of YouTube content through a series of direct
investments and the cultivation of third-party “networks”.
SAN FRANCISCO (Reuters) – Instagram, which spurred suspicions this week that it would sell user photos after revising its terms of service, has sparked renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.
In forcefully establishing a new set of usage terms, Instagram, the massively popular photo-sharing service owned by Facebook Inc, has claimed some rights that have been practically unheard of among its prominent social media peers, legal experts and consumer advocates say.