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Tech giant Apple has been in discussions with social media company Twitter on the possibility of investing in the popular micro-blogging site, The New York Times reported on Friday, July 27.
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Social media companies, once hailed by their Silicon Valley boosters as world-changing businesses with limitless potential, are instead proving a sobering reminder of how investors can be seduced by Internet hype.
Google Inc retook the offensive against thousands of authors claiming it copied their works without permission, and urged the end of a class-action lawsuit arising from its ambitious plan to build the world's largest digital book library.
Instagram has announced that it reached a whopping 80 million users who shared a total of more than 4 billion photos, even as it rolled out a new update. One feature, however, is noticeably missing after the update: the "Find Your Friends" on Twitter feature, which allowed users to follow on Instagram the same people they follow on Twitter.
Zynga's shares fell below $3 on Thursday following the reporting of quarterly results that came in well below analysts' expectations; 10% below to be exact. The $302 million in revenue was also off 8% from the previous quarter.
A data center glitch brought down Twitter for roughly 2 hours on Thursday, as the micro-blogging service suffered its second widespread outage in 5 weeks and another blow to its reputation and reliability.
Google Inc made its foray into the market for bundled Internet and television services on Thursday, promising access speeds more than 100 times faster than those of traditional U.S. cable and telecommunications companies.
Facebook Inc reported a drastic slowdown in revenue growth and offered no financial forecasts to ease worries over the prospects for boosting advertising in its first earnings report as a public company, sending its shares to a record low.
Tech heavyweights including Google, eBay, Facebook and Amazon have joined forces to create a new trade association aimed at promoting "an open, innovative and free Internet" by handling political and regulatory issues in Washington. The Internet Association announced its formation in a statement on its Web site, revealing on Wednesday, July 25, that it will be headed by former congressional staffer Michael Beckerman.
YouTube is notorious for having comments sections that are usually as entertaining as many of the videos themselves; that is if you're entertained by spam, flame wars, and endless comments questioning the personal taste of anyone who dislikes a video (and who isn't?).
Popular micro-blogging company Twitter is working on making its service more useful, and users will soon be able to access and download all of their old tweets, company CEO Dick Costolo told The New York Times. Twitter currently allows users only to browse back through a few thousands of their tweets, but without the ability to download and archive them.
Game provider Zynga Inc slashed its 2012 outlook and quarterly results badly missed Wall Street targets, sending its stock plunging 35 percent and casting a chill over Facebook Inc on the eve of the social network's inaugural results.
Amazon.com Inc has focused single-mindedly on consumers for much of its existence. Now it has a new obsession: developers.