MediaFile

Tech wrap: Angie’s List shares surge on market debut

November 17, 2011

Shares of consumer review website Angie’s List surged as much as 44 percent on their market debut Thursday as investors continued to lap up internet offerings, but concerns about the company’s profitability could loom on the stock, Reuters reports. Meanwhile, the Wall Street Journal provides some backstory on how the Angie’s market listing marks the end of a journey started 16 years ago.

Yelp, another consumer review website, filed for a $100 million IPO. Yelp features more than 22 million reviews of businesses ranging from dentists to restaurants to plumbers, and says it has 61 million unique visitors on a monthly average basis in its latest quarter. Business Insider takes a look at how the company makes money.

The Wall Street Journal reports that Eastman Kodak wants to sell its online photo-sharing unit, sending shares of the struggling photography company up almost 8 percent. The Journal said the company had approached photo-sharing websites, rivals, private equity firms and retailers about buying the online business.

Amazon may be plotting an iPhone rival. A stake in the smartphone market could better position it against Apple and Google for digital media sales as it strives to become an all-encompassing retail powerhouse, reports Scott Martin in USA Today.

Mashable reports that Windows 8 will make automatic updates far less painful. Apparently Microsoft is re-architecting the process for automatic updates in Windows 8, with a focus on minimizing restarts and reducing interruptions.

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