Gerry's Feed
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.

Feb 5, 2014

Twitter’s sputtering user growth unnerves investors

SAN FRANCISCO (Reuters) – Twitter Inc reported its slowest pace of user growth during the fourth quarter, dimming hopes that the social media phenomenon can sustain its torrid pace of expansion and wiping out more than 10 percent of its value on Wednesday.

The San Francisco company posted better-than-expected quarterly revenue of $243 million in its first results as a public company. But investors focused on the anemic user growth, as well as a severe decline in timeline views, a measure of user engagement.

Feb 4, 2014

Twitter rides mobile wave in shifting Internet landscape

SAN FRANCISCO, Feb 4 (Reuters) – Twitter Inc, whose
stock has surged 150 percent since it went public in November,
has a lot to live up to when it reports quarterly earnings for
the first time on Wednesday.

A growing number of naysayers warn that Twitter’s stock is
greatly overpriced, and that even mediocre inaugural results
could deflate its soaring valuation, now several times that of
its closest social media peer, Facebook Inc.

Jan 31, 2014

Facebook looks to nab Twitter’s ‘second screen’ crown in Super Bowl

SAN FRANCISCO (Reuters) – More than 100 million people will be glued to their TV screens on Sunday, when the Denver Broncos take on the Seattle Seahawks in America’s premier sporting contest, the Super Bowl.

But two fierce rivals, Facebook Inc and Twitter Inc, will also be clashing head-to-head on a “second screen” that TV viewers will tune in for the big game.

Jan 31, 2014

Zynga seals $527 million mobile game deal, axes jobs in revival drive

SAN FRANCISCO (Reuters) – Zynga Inc will shed 15 percent of its workforce to slash costs and buy mobile game developer NaturalMotion for $527 million to refresh a stalled games pipeline, moves that sent its stock soaring 20 percent in after-hours trading.

Chief Executive Officer Don Mattrick, hired last year, is taking aggressive action to revive a company that developed “Farmville” and once dominated gaming on Facebook Inc’s social network, but is now struggling to adapt to the rise of mobile gaming.