Microsoft announced an update of its Windows phone software, code-named Mango, hoping a host of new features will help it close the gap on smartphone leaders Google and Apple. The update involves 500 new features, including IE 9 as the mobile browser, integrated Twitter and LinkedIn feeds, automated Facebook check-ins, and access to more than 17,000 downloadable applications.
Sony will post its third straight annual net loss for the year that ended in March after writing off tax credits in the wake of Japan’s earthquake and tsunami, the latest in a string of grim headlines on the consumer electronics giant. The firm, which previously forecast a net profit of 70 billion yen for 2010/11, surprised markets on Monday by declaring the need to update investors with revised estimates ahead of its official earnings report on Thursday. Sony said it now expected to post a net loss of 260 billion yen ($3.2 billion). The annual net loss would be Sony’s second-largest ever.
LinkedIn made its remarkable debut on the New York Stock Exchange, at times trading more than 171 percent above its IPO price of $45. The stampede to buy the stock had some remembering back to another time when investors also loved tech stock IPOs: the 1990s and the dotcom bubble.
LinkedIn, the social site for business professionals which attracts professionals and job seekers with 100 million worldwide members, is hoping to cash in with a public debut valuing the company at more than $3 billion.
Corporate America has gradually warmed up to social networking this past year, as companies have discovered the benefits of advertising on popular online services like Facebook.
LinkedIn CEO Jeff Weiner has two words that reassure him that his professional social network is not threatened by Facebook: Keg stands.
What do you get when you combine shopping and social media?
The answer, it seems, is the latest craze among tech investors.
On Tuesday, Swipely announced $7.5 million in Series A funding and the launch of a service that publishes info about person’s credit card purchases to groups of friends.