By Gerry Shih
(Reuters) – Business software provider Salesforce.com Inc (CRM.N: Quote, Profile, Research, Stock Buzz) beat Wall Street expectations for the third quarter and maintained its earnings outlook for the rest of its fiscal year despite the uncertain economic outlook.
The company said it seemed to have weathered the effects of Superstorm Sandy and fears among its clients surrounding the “fiscal cliff” as it projected sales for the current quarter, ending January 31, of between $825 million and $830 million, roughly in line with analysts’ average forecast of $829.9 million.
SAN FRANCISCO (Reuters) – There have long been the tools of warfare associated with the Israeli-Palestinian conflict: warplanes, mortars, Qassam rockets. Now that list includes Twitter, Facebook, YouTube.
This week the worldwide audience got a vivid look at conflict in the social media era as the Israeli military unfurled an extensive campaign across several Internet channels after conducting an air strike that killed a top Hamas military commander in the Gaza Strip on Wednesday.
SAN FRANCISCO (Reuters) – Zynga Inc announced on Tuesday sweeping changes across its upper ranks, including the departure of chief financial officer, David Wehner, as the troubled game publisher sought to revive its business and quell months of management turmoil.
The dominant publisher of games on Facebook named David Ko, 41, a top executive overseeing mobile games, its new chief operations officer. The position had been vacant since August when John Schappert stepped down after the company missed earnings expectations for two consecutive quarters and its stock price fell precipitously.
SAN FRANCISCO (Reuters) – Two years ago, employees from the start-up Square Inc descended on farmers markets in San Francisco to hand out a new type of credit-card reader that let small, independent merchants accept plastic via their smartphones or tablets.
But this month, when Starbucks Inc and Square announced that 7,000 coffee shops across the country would begin accepting payment through Square’s smartphone app, the small white cubes that were Square’s original calling card didn’t merit a mention.
SACRAMENTO/SAN FRANCISCO (Reuters) – California Democrats appeared to be within striking distance of gaining a supermajority in both houses of the state legislature on Tuesday, crowning a sweeping election triumph for Governor Jerry Brown and his allies.
A supermajority would give Democrats the two-thirds majority needed to pass legislation that increases taxes, and it would change the political landscape in a state that has long suffered from political division and infighting.
SAN FRANCISCO (Reuters) – Representative Pete Stark, the cantankerous dean of California’s congressional delegation, appeared to lose his bid for a 21st straight term after being swept aside by a fellow Democrat 50 years his junior.
With 62.5 percent of precincts partially reporting, Eric Swalwell, a 31-year-old local prosecutor, led 54 to 46 percent Tuesday night over Stark, 80, in California’s new 15th congressional district. The district was drawn during the 2010 redistricting process but overlapped heavily with the swath of the Bay Area that re-elected Stark by wide margins for four decades.
SAN FRANCISCO (Reuters) – They have been panned by television critics and disavowed by their own industry. Even for the entrepreneurs-cum-co-stars of Bravo TV’s “Start-ups: Silicon Valley,” it is getting hard to put on a brave face.
“It’s been a nightmare,” confessed Sarah Austin, one of the series’ six pretty twentysomethings who code, party and hustle their way to fame and riches – or at least try to – in San Francisco’s bubbly tech fishbowl.
SAN FRANCISCO (Reuters) – Twitter CEO Dick Costolo lobbied against exiling Executive Chairman Jack Dorsey in a 2008 power struggle, according to an early investor who shed new light on the management turmoil that for years roiled one of Silicon Valley’s drama-ridden companies.
Chris Sacca, a former Google executive turned investor, said Costolo – another Twitter investor in 2008 – urged the board to keep hold of Dorsey, who is widely credited with inventing the 140-character messaging service.
SAN FRANCISCO (Reuters) – Twitter users flocked to the micro-messaging network this week as Hurricane Sandy swept through the eastern U.S. seaboard, sending more than 20 million tweets about the storm between Saturday and Thursday, the company said.
This far exceeds the 13.7 million tweets sent during the Super Bowl in February, typically the largest media event of the year.
SAN FRANCISCO, Oct 30 (Reuters) – As Hurricane Sandy pounded
the U.S. Atlantic coast on Monday night, knocking out
electricity and Internet connections, millions of residents
turned to Twitter as a part-newswire, part-911 hotline that
hummed through the night even as some websites failed and
swathes of Manhattan fell dark.
But the social network also became a fertile ground for
pranksters who seized the moment to disseminate rumors and
Photoshopped images, including a false tweet Monday night that
the trading floor at the New York Stock Exchange was submerged
under several feet of water.