Gerry's Feed
Apr 29, 2014

Twitter disappoints again on user growth and views; shares drop

SAN FRANCISCO (Reuters) – Twitter Inc on Tuesday reported 255 million monthly active users, up 5.8 percent from the previous quarter but not enough to satisfy investors increasingly concerned about its struggle to gain a mass following.

Twitter’s stock fell nearly 10 percent after hours, to below its post-initial public offering low of $38.80 on November 25.

Apr 28, 2014

Wall Street remains split on Twitter’s prospects

SAN FRANCISCO (Reuters) – There was a time when Twitter strove not to end up like Facebook.

As the social media phenom prepared to debut in November, the last thing it wanted was a repeat of its larger rival’s rocky IPO and subsequent sell-off. Now, the one-time Wall Street darling’s inability to replicate its bigger cousin’s success in mobile and online may be what holds it back.

Apr 25, 2014

Apple offers to fix rare fault in older iPhones

SAN FRANCISCO, April 25 (Reuters) – Apple Inc has
offered to replace faulty on-off buttons on the iPhone 5, a rare
glitch that it said on Friday affected “a small percentage” of
the previous-generation smartphones.

Apple said on its user-support page that “iPhone 5 models
manufactured through March 2013 may be affected by this issue,”
in which the button, also known as a sleep/wake mechanism, stops
functioning or works only intermittently.

Apr 23, 2014

San Francisco sues landlords who evicted tenants for Airbnb

SAN FRANCISCO, April 23 (Reuters) – The city of San
Francisco sued two landlords on Wednesday for allegedly evicting
tenants to rent out rooms on such websites as Airbnb, opening a
new front in a controversy over increasingly popular home-rental
services.

In separate lawsuits filed by City Attorney Dennis Herrera,
the city named two groups of defendants that it called the “most
egregious” offenders because they evicted disabled tenants
before listing rooms online for as much as $595 a night.

Apr 22, 2014

Lytro unveils a more sophisticated ‘light-field’ camera

SAN FRANCISCO, April 22 (Reuters) – In 2011, Lytro Inc
dazzled the consumer gadget world when it introduced a pocket
flashlight-sized gizmo that could take “living” pictures -
images that could be refocused after the shutter clicked.

On Tuesday, the Silicon Valley company unveiled a bigger,
more expensive camera designed to make a “do-over” a reality
instead of a photographer’s dream.

Apr 17, 2014

Weibo debut highlights complicated dance with Chinese censors

SAN FRANCISCO/HONG KONG (Reuters) – Weibo Corp executives on Thursday toasted the Chinese social media firm’s debut at Nasdaq’s New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

The timing of the two events, though coincidental, highlights the fundamental challenge for Shanghai-based Weibo: progressing from being a microblogging phenomenon in China to becoming an entrenched member of the international social media industry.

Apr 17, 2014

Analysis – Weibo debut highlights complicated dance with Chinese censors

SAN FRANCISCO/HONG KONG (Reuters) – Weibo Corp executives on Thursday toasted the Chinese social media firm’s debut at Nasdaq’s New York headquarters. Hours earlier in Beijing, Charles Xue, a Chinese-American venture capitalist and prominent Weibo user, celebrated a different kind of coming-out: his release after eight months in jail.

The timing of the two events, though coincidental, highlights the fundamental challenge for Shanghai-based Weibo: progressing from being a microblogging phenomenon in China to becoming an entrenched member of the international social media industry.

Apr 15, 2014

Twitter buys social data provider Gnip, stock soars

By Gerry Shih and Supantha Mukherjee

(Reuters) – Twitter Inc said on Tuesday it bought social data provider Gnip for an undisclosed amount, signaling that it would take on a new role of packaging and selling data, a service in demand by business and government.

The social media company said separately that it hired a Google executive to lead its consumer product development, filling a position that had been vacant since January.

Apr 8, 2014

Twitter freshens up its user profile pages

SAN FRANCISCO (Reuters) – Twitter Inc unveiled a redesign of its user profile pages on Tuesday, the latest in a series of steps promised by the company to bring new users to the seven-year-old service.

In response to an all-time low in user growth figures during the recent quarter, Twitter Chief Executive Dick Costolo told worried Wall Street analysts that the company would make a number of changes to freshen up the service.

Apr 5, 2014

Mozilla CEO’s exit tests Silicon Valley’s tolerance

SAN FRANCISCO (Reuters) – Tech workers in Silicon Valley debated on Friday whether Mozilla CEO Brendan Eich got the comeuppance he deserved or was himself a victim of intolerance when he resigned under pressure this week amid outrage over his opposition to same-sex marriage.

Some, especially a dating website that had urged its users to boycott Mozilla’s popular Firefox web browser, cheered Eich’s resignation after less than two weeks as CEO of the nonprofit software company. Others viewed him as a victim and called his critics intolerant of people with different views.