SAN FRANCISCO (Reuters) – Snapchat, the red-hot private messaging service, said on Thursday that it knew for months about a security loophole that allowed hackers this week to harvest millions of phone numbers and announced changes to its systems.
An anonymous group called Snapchat DB posted the usernames and phone numbers of 4.6 million Snapchat users on New Year’s Eve, days after the startup – headed by 23-year old founder Evan Spiegel – brushed off warnings that its app still contained security loopholes.
SAN FRANCISCO, Jan 2 (Reuters) – Veteran technology
journalists Walt Mossberg and Kara Swisher have unveiled
“Re/code,” a technology news site and conference business to
succeed AllThingsD which they founded and built into a premier
tech media brand within News Corp.
Mossberg and Swisher, who agreed in September to sever a
10-year relationship with News Corp, said on Thursday their new
venture will be backed by Comcast’s NBCUniversal and
Windsor Media, the investment company headed by former Yahoo!
Inc Chief Executive Terry Semel.
SAN FRANCISCO (Reuters) – Social news hub Reddit snagged an interview with Barack Obama last year. The big get for 2013 was reaching 90 million unique visitors a month, according to the company, on par with the likes of eBay. This season, even Microsoft co-founder and philanthropist Bill Gates joined its Secret Santa gift exchange.
Now, the self-dubbed “Front Page of the Internet” is going for a milestone it has been trying to reach since its founding in 2005: profitability.
SAN FRANCISCO, Dec 12 (Reuters) – Twitter Inc was
forced to nix a change to its “block” feature on Thursday after
attracting a wave of protest from users who said the new policy
empowered perpetrators of online abuse.
The humbling reversal on one of the most sensitive policy
issues facing the social network came as Twitter encountered
user revolt for the first time as a public company.
SAN FRANCISCO (Reuters) – Twitter Inc encountered a user revolt for the first time as a public company after it tweaked its “block” function on Thursday, prompting an outcry from those who said the new policy empowered perpetrators of online abuse.
Users could previously prevent their harrassers from following them or interacting with their tweets. Under the new rules, a blocked user can view or tweet at the person who blocked him or her, but that activity will be rendered invisible to the victim as if the offending account did not exist.
SAN FRANCISCO (Reuters) – Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.
Shares of Twitter were up 6 percent to $52.20 on Tuesday afternoon after a frenzied trading session on Monday, when Twitter closed up nearly 10 percent, its biggest gain ever.
SAN FRANCISCO (Reuters) – Twitter shares soared more than 9 percent on Monday to their highest level since the company’s initial public offering after a spate of product announcements that could boost its revenue prospects.
Shares rose to $49 in mid-day trading, up 9.2 percent. Twitter has mostly traded in the low-$40 range in recent weeks since November 7, when shares briefly topped $50 in the hours following its highly anticipated IPO.
SAN FRANCISCO, Dec 5 (Reuters) – Twitter Inc will
begin showing ads to users based on their browsing history, it
said on Thursday, becoming the latest Internet company to employ
the controversial but increasingly widespread tracking
Twitter’s new advertising feature allows marketers to use
cookies – small files planted in Web surfers’ computers that
contain bits of information about which sites they have visited
or where they are logging in from – to display highly targeted
SAN FRANCISCO (Reuters) – Twitter Inc shares slipped on Monday after some of the five lead underwriters of its initial public offering said the social media firm may not achieve Facebook-like scale and its stock may not rise much higher.
In their first research reports since the November IPO, only Deutsche Bank and Goldman Sachs recommended buying the stock. Morgan Stanley and JP Morgan issued the equivalent of “hold” ratings. One analyst, Justin Post of Bank of America Merrill Lynch, initiated coverage with a sell rating and valued shares at $36, according to theflyonthewall.com.
SAN JOSE, California (Reuters) – A U.S. jury awarded Apple Inc (AAPL.O: Quote, Profile, Research) about $290 million in a damages retrial against Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research), restoring a large chunk of a historic verdict the iPhone maker won last year.
After a week long trial, the jury deliberated for nearly two days before reaching a decision on Thursday in a San Jose, California federal court. Apple had requested $379.8 million, while Samsung argued that it should have to pay $52.7 million.