Gerry's Feed
Mar 13, 2014

After the Zynga flop, all eyes on King’s coming-out party

SAN FRANCISCO (Reuters) – King Digital Entertainment Plc struck gold with “Candy Crush Saga,” the runaway hit that made its way onto hundreds of millions of smartphones and spawned a $1.5 billion franchise.

Now, the rest of the smartphone game industry is waiting to see if King can pull off a coup in the public markets – and perhaps spur a mobile gaming IPO rush in the process.

Mar 11, 2014

Twitter crashes second time in nine days, blames software glitch

BOSTON/SAN FRANCISCO (Reuters) – Twitter Inc crashed on Tuesday for the second time in nine days when a software glitch stalled the popular messaging service for about one hour.

The company apologized to its 250 million users in a status blog, saying it had encountered “unexpected complications” during “a planned deploy in one of our core services.”

Mar 11, 2014

Twitter crashes 2nd time in 9 days, blames software glitch

BOSTON/SAN FRANCISCO, March 11 (Reuters) – Twitter Inc
crashed on Tuesday for the second time in nine days
when a software glitch stalled the popular messaging service for
about one hour.

The company apologized to its 250 million users in a status
blog, saying it had encountered “unexpected complications”
during “a planned deploy in one of our core services.”

Feb 21, 2014

For WhatsApp, keeping things simple is both a draw and a handicap

SAN FRANCISCO (Reuters) – In recent years, a bevy of messaging apps has fought for global domination, with many boasting a lucrative combination of communications features, online shopping and games.

But this week, Facebook CEO Mark Zuckerberg spent a staggering $19 billion to buy WhatsApp, the contender with perhaps the simplest functionality and negligible revenue. WhatsApp, which has 450 million users, has stuck to basic messaging, but also a simple business model of charging users an annual subscription fee of just $1.

Feb 20, 2014

Facebook to buy WhatsApp for $19 billion in deal shocker

By Gerry Shih and Sarah McBride

(Reuters) – Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world’s largest social network closer to the heart of mobile communications and may bring younger users into the fold.

The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network’s determination to win the market for messaging.

Feb 19, 2014

Facebook to buy WhatsApp for $19 billion

By Gerry Shih and Sarah McBride

(Reuters) – Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world’s largest social network looks for ways to boost its popularity, especially among a younger crowd.

The acquisition of the hot messaging service with more than 450 million users around the world stunned many Silicon Valley observers with its lofty price tag.

Feb 19, 2014

ZenPayroll wins $20 million in first round of venture funding

SAN FRANCISCO, Feb 19 (Reuters) – ZenPayroll, which provides
cloud-based payroll services to small- and medium-sized
businesses, said Wednesday it had secured $20 million in its
first round of venture funding from General Catalyst Partners
and Kleiner Perkins Caufield & Byers.

The deal, one of the larger Series A investments to close in
recent months in the Internet industry, comes about two years
after ZenPayroll raised a hefty $6.1 million in seed funding
from individuals such as Drew Houston and Aaron Levie, chief
executives of cloud-storage and file-sharing service provider
Dropbox and cloud-content storage and management service Box,
respectively. Series A investments may be provided in the form
of preferred stock.

Feb 19, 2014

To stoke interest, LinkedIn opens ‘Influencer’ blogs to all members

SAN FRANCISCO (Reuters) – LinkedIn Corp is attempting to become more like Facebook Inc by encouraging all members to generate a steady stream of shareable articles, a perk once available only to well-known business personalities.

The move, which the company hopes will generate more interest in the site, comes two weeks after LinkedIn disclosed that page views slipped for the second consecutive quarter.

Feb 7, 2014

Twitter must move faster to counter fears of plateau

SAN FRANCISCO (Reuters) – Twitter, whose shares had soared more than 150 percent since their November debut on Wall Street, stunned investors this week with a one-two punch of bad news: near-flat user growth and a drop in engagement among its 241 million members.

To assuage fears that the company’s growth is plateauing, and to justify its rich valuation – still at $28 billion even after a 24 percent drop on Thursday – Chief Executive Dick Costolo must now convince investors that he can quickly make the right moves to broaden Twitter’s appeal.

Feb 7, 2014

Analysis: Twitter must move faster to counter fears of plateau

SAN FRANCISCO (Reuters) – Twitter, whose shares had soared more than 150 percent since their November debut on Wall Street, stunned investors this week with a one-two punch of bad news: near-flat user growth and a drop in engagement among its 241 million members.

To assuage fears that the company’s growth is plateauing, and to justify its rich valuation – still at $28 billion even after a 24 percent drop on Thursday – Chief Executive Dick Costolo must now convince investors that he can quickly make the right moves to broaden Twitter’s appeal.