Gerry's Feed
Feb 20, 2013

Twitter begins integrating advertising software

SAN FRANCISCO (Reuters) – Twitter Inc said on Wednesday it is opening up its platform to third-party advertising management software, taking another step to establish its ad-based business model ahead of an initial public offering.

The ads application programming interface, or API, would allow advertisers to connect their existing ad management software to their Twitter account to automate ads on the micro-messaging platform.

Feb 13, 2013

Dropbox chases corporate customers and revenue

SAN FRANCISCO, Feb 12 (Reuters) – The battle between two of
Silicon Valley’s most richly valued private Internet companies
ratcheted up on Tuesday as Dropbox unveiled the first
comprehensive upgrade to its cloud-storage product aimed at
corporate users.

With the move, the $4 billion-valued Dropbox, which has been
a popular sensation in the consumer market, is squarely taking
on Box Inc., a similar file-sharing service that has positioned
itself in recent years as the option for security-conscious
corporate IT departments.

Feb 8, 2013

Xx Flipboard hires former Hulu CTO and Kleiner Perkins exec

SAN FRANCISCO, Feb 8 (Reuters) – Flipboard, the high-profile
tablet app-maker, has hired Hulu’s former chief technology
officer to be Chief Executive Mike McCue’s No. 2.

Eric Feng, currently an executive at Sand Hill Road venture
capital firm Kleiner Perkins Caufield & Byers, said Friday he
would oversee engineering and strategy at the startup, which has
raised more than $60 million in venture financing and makes a
popular app for reading news and magazine articles.

Feb 8, 2013

LinkedIn beats Street, outstrips social media rivals

SAN FRANCISCO, Feb 7 (Reuters) – LinkedIn Corp
extended its hot streak on Thursday, announcing both blow-out
quarterly profits and a bullish forecast for the new year that
exceeded Wall Street’s already lofty expectations.

The results reaffirmed the “professional” social network’s
reputation as a fast-growing but sure-footed business — and the
star exception in a mostly disappointing social media sector.

Feb 7, 2013

LinkedIn 4th-quarter profit and revenue beat Street

SAN FRANCISCO, Feb 7 (Reuters) – LinkedIn Corp on
Thursday reported quarterly profit that beat Wall Street
expectations and offered a bullish forecast for the new year,
boosting shares of the professional social network in
after-hours trading.

Excluding certain items, net income was $40.2 million, or 35
cents a share, above the 19 cents expected by analysts polled by
Thomson Reuters I/B/E/S.

Feb 5, 2013

Zynga profit tops views, but it forecasts lower revenue

SAN FRANCISCO (Reuters) – Zynga Inc, the one-time Silicon Valley darling that has been wrestling with a months-long exodus of online gamers, reported an unexpected fourth-quarter profit on Tuesday,

Revenue was virtually flat from a year ago, but was down from the prior quarter. And Zynga’s underlying business appeared to be continuing its downward slide, as the maker of “CityVille 2″ and other games projected revenue could shrink for a third sequential quarter.

Feb 5, 2013

Zynga posts flat quarterly revenue, profit tops views

SAN FRANCISCO, Feb 5 (Reuters) – Zynga Inc (ZNGA.O: Quote, Profile, Research) reported
fourth-quarter revenues of $311 million on Tuesday, virtually
unchanged from a year ago, as the company showed signs it is
beginning to cope with a dramatic, months-long exodus of online
gamers.

The game maker, whose titles include “CityVille 2,” reported
a quarterly profit of 1 cent per share on an adjusted basis,
beating Wall Street expectations for a loss of 3 cents per
share, according to analysts polled by Thomson Reuters I/B/E/S.

Jan 29, 2013

US renovation website Houzz wins backing to expand

SAN FRANCISCO, Jan 29 (Reuters) – U.S. home improvement
website, Houzz, has raised $35 million from venture capital
firms, including Silicon Valley’s New Enterprise Associates and
GGV Capital, and plans to hire more staff and expand into Europe
and Australia.

The company, which helps homeowners with large renovation
projects, also said it would begin running advertising for
architects and contractors.

Jan 25, 2013

Square COO quit after sex harassment accusation

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.

Jan 25, 2013

BlackRock to buy $80 million Twitter stake – source

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.