Tech wrap: Groupon offers itself to the public

June 2, 2011

Online coupon company Groupon filed for an initial public offering of up to $750 million, the latest in a series of Internet companies to tap the U.S. capital markets. In April, a source told Reuters that Groupon could raise as much as $1 billion in the IPO, which could value the fast-growing daily deals site at $15 billion to $20 billion. The IPO filing did not specify the number of shares to be sold in the IPO, the price range, or the exchange, though it did say the shares would trade under the symbol “GRPN.”

Tech wrap: Google’s spending overshadows revenue growth

April 15, 2011

Google co-founder Larry Page in a file photo. REUTERS/Rick WilkingGoogle’s stunning 54 percent spending surge spooked investors already worried its new CEO Larry Page may take his eye off the bottom line to chase revenue growth, driving its shares more than 5 percent lower. Investors zeroed in on the stunning surge in expenses to $2.84 billion, which dwarfed a 29 percent jump in net revenue and reflected a record hiring spree, company-wide salary raises, and splurging on everything from marketing to technology. “If the expenses are targeted and result in future revenue streams, then good for Larry. If not, that results in an undisciplined spending approach”, said Colin Gillis, analyst at BGC Partners.

Tencent, De Wolfe among interested buyers for Myspace

April 7, 2011
De Wolfe and Murdoch in happier times (Photo: Reuters)

De Wolfe and Murdoch in happier times (Photo: Reuters)

Chinese Internet holding company Tencent, Myspace founder Chris De Wolfe and Myspace’s current management team are among the 20 odd names kicking the tires at the once might social network to see whether it’s worth buying outright or partnering in some sort of spin-out with current owner News Corp.

GlobalMedia-China’s shouts of “You suck!” music to executives’ ears

November 30, 2010

Big splashy action movies from the U.S. usually play well abroad. It should come then as no surprise that World Wrestling Entertainment, known for hulky dudes and toned ladies who act out soap opera scenarios both in and out of the ring,  manages to find fans well beyond these borders.

from Reuters Investigates:

Mongolia’s El Dorado stirs shareholder battle

October 18, 2010

friedlandIn Mongolia's South Gobi desert lies Oyu Tolgoi, touted as having the world's largest untapped copper and gold deposits. Little wonder then that this "El Dorado" has become a boardroom battleground between the relatively unknown Ivanhoe Mines and its biggest shareholder, the giant Australian mining company, Rio Tinto.  

Sun Valley – Google’s Larry Page: Stop stressing about search data privacy

July 9, 2010

LarryPage at SunValley 2010Hey you Mr. Privacy Nut,

Google co-founder Larry Page has a message for you: Stop worrying about how data about your Web searching habits might be abused. Your search data is there to serve a greater good.

Apple’s annual audit find some violations from suppliers

March 1, 2010

chinaapplApple has identified 17 “core” violations in an audit of suppliers that scrutinized 102 of the facilities where iPods, iPhones and Mac computers are produced.

Google in China: For most companies, profit trumps human rights

January 13, 2010

GoogleBy Robert MacMillan

You can find the clearest statement about what’s happening with Google and its threat to quit China over the country’s human rights record in Xinhua, China’s state-run news service – seriously.

Apple iPhone China debut underwhelms some

November 3, 2009

Apple’s iPhone launched in China last Friday with plenty of fanfare, but the sales numbers so far appear a little light. China Unicom, the iPhone’s carrier in the country, said Tuesday it has signed up 5,000 iPhone subscribers since the launch, below what some analysts were expecting.