Gerry's Feed
Jun 13, 2013

Iranian Gmail users targeted in pre-election hacking campaign -Google

SAN FRANCISCO, June 12 (Reuters) – Tens of thousands of
Gmail accounts belonging to Iranian users have been targeted in
an extensive hacking campaign in the weeks leading up to the
country’s closely watched presidential elections on Friday,
Google Inc said on Wednesday.

The U.S. Internet company, which described the attacks as
broad “email-based phishing” attempts seeking to trick
unsuspecting Gmail users into giving up their user names and
passwords, said they originated in Iran and appeared to be
“politically motivated in connection with the Iranian
presidential election on Friday.”

Jun 11, 2013

U.S. tech firms push for government transparency on security

By Gerry Shih and Bill Rigby

(Reuters) – Three of the largest Internet companies called on the U.S. government to provide greater transparency on national security requests on Tuesday, as they sought to distance themselves from reports that portrayed the companies as willing partners in supplying mass data to security agencies.

In similarly worded statements released within hours on Tuesday, Google Inc, Microsoft Corp and Facebook Inc all asked the U.S. government for permission to make public the number and scope of data requests each receives from security agencies.

Jun 11, 2013

U.S. tech firms push for govt transparency on security

June 11 (Reuters) – Three of the largest Internet companies
called on the U.S. government to provide greater transparency on
national security requests on Tuesday, as they sought to
distance themselves from reports that portrayed the companies as
willing partners in supplying mass data to security agencies.

In similarly worded statements released within hours on
Tuesday, Google Inc, Microsoft Corp and
Facebook Inc all asked the U.S. government for permission
to make public the number and scope of data requests each
receives from security agencies.

Jun 7, 2013

Internet giants deny granting government ‘direct access’ to servers

SAN FRANCISCO (Reuters) – Major tech companies including Apple Inc, Google and Facebook Inc on Thursday said they do not provide any government agency with “direct access” to their servers, contradicting a Washington Post report that they have granted such access under a classified data collection program.

The newspaper reported that the U.S. National Security Agency and the FBI are “tapping directly into the central servers of nine leading U.S. Internet companies” through a secret program known as PRISM, and extracting massive amounts of data including audio, video, photographs, emails, documents and connection logs.

Jun 4, 2013

Salesforce to pay $2.5 billion for ExactTarget in social marketing bet

SAN FRANCISCO (Reuters) – Salesforce.com Inc, the biggest maker of online sales software, will pay $2.5 billion for marketing software maker ExactTarget Inc in Chief Executive Marc Benioff’s most significant bet to date on the social marketing business.

Salesforce.com shares slid nearly 8 percent on investor fears that the bid, priced at $33.75 a share or nearly 53 percent above ExactTarget’s Monday close, will depress margins in the near term. Some analysts also wondered how soon Salesforce.com’s recent binge of acquisitions will translate into growth for the bottom line.

Jun 3, 2013

Zynga slashes work force by a fifth, shares dive

SAN FRANCISCO, June 3 (Reuters) – Zynga Inc
announced on Monday its biggest ever round of layoffs and warned
that bookings will be weaker than previously forecast, raising
questions about the social game developer’s attempt at a
recovery as it struggles to retain players.

Zynga said it will cut about 520 jobs, or roughly one-fifth
of its work force, and close some offices in the United States.

Jun 3, 2013

Zynga slashes work force by a fifth, warns on bookings

SAN FRANCISCO (Reuters) – Zynga Inc, the game maker that has been struggling to retain players, announced on Monday its most dramatic cost-cutting measure to date, with a plan to slash nearly one-fifth of its work force.

Shares in Zynga were down 11.6 percent at just above $3 in mid-afternoon after resuming trade after a second trading halt.

May 14, 2013

Square expands its hardware push with new cash register

SAN FRANCISCO (Reuters) – Square Inc, a closely watched payment-processing company, made a significant push into the hardware business on Tuesday, unveiling a new credit-card reader that it claimed could be the centerpiece of the next-generation checkout counter.

At a press event in a sunlit San Francisco cafe, Chief Executive Jack Dorsey introduced the “Square Stand,” a white, molded-plastic iPad holder that lets businesses accept credit cards with a mounted iPad and an integrated card reader.

May 9, 2013

Box acquires Crocodoc to expand document-viewing features

SAN FRANCISCO, May 9 (Reuters) – Box Inc, a cloud-storage
company, said on Thursday it has agreed to acquire Crocodoc, a
small start-up that provides the technology behind document
viewers found on some of the world’s most popular websites,
including Facebook and Dropbox.

The acquisition would provide Box’s users with more
interactive features such as the ability to annotate documents
or create slide shows, said Aaron Levied, Box’s chief executive.

May 6, 2013

Looking for a comeback, Zynga embraces austerity and FarmVille

SAN FRANCISCO (Reuters) – In the past twelve months, Zynga Inc has struggled with a contracting player base, a deflated stock price and waves of layoffs. Now it is coming to terms with downsized ambitions.

As Chief Executive Mark Pincus, 47, leads the online games developer he founded in 2007 through perhaps the most crucial year of his tenure, he is pushing to restore revenues by doubling down on “FarmVille,” the franchise that took Facebook users by storm four years ago and launched Zynga to stardom.