Internet / Social Media
Google Names New Motorola Mobility CEO
Google Inc completed its $12.5 billion purchase of Motorola Mobility Holdings Inc and named a new chief executive for the cellphone maker, who vowed to focus on "fewer, bigger bets."
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Chrome Snatches Top Position From Internet Explorer – Why The Google Browser Wins?
Google Chrome, after beating Mozilla's Firefox browser just six months back, has become the numero uno in terms of most popular browser defeating Microsoft's Internet Explorer, reported Statcounter, the website analytics company.
Alibaba in Talks to Raise $2.3 Billion Equity for Yahoo Deal: Sources
Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings
, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said. EU Offers Google Last Chance in Antitrust Case
The European Union's antitrust chief on Monday ratcheted up the pressure on Google, giving it a matter of weeks to settle an investigation into allegations of anti-competitive behavior and avoid formal charges and a possible fine.
Silicon Valley Takes Facebook Fizzle in Stride
Facebook's lackluster initial public offering performance is a black eye for many on Wall Street and could have ramifications for similar upcoming deals such as an offering by Twitter, but venture capitalists in Silicon Valley are keen to shrug off Facebook's stumble - at least for now.
Facebook Shares Sink 11 Percent as Reality Overtakes Hype
Facebook shares sank 11 percent in the first day of trading without the full support of the company's underwriters, leaving some investors down almost 25 percent from where they were Friday and driving others to switch back to more established stocks.
Insight: Morgan Stanley Cut Facebook Estimates Just before IPO
In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.
Microsoft So.cl Social Network Now Open to Everyone - All You Need to Know
With all eyes on Facebook and its giant initial public offering, Microsoft minded its own business and quietly made the official launch for its own "experimental" social networking site. Called So.cl - pronounced "social" - Microsoft's site takes a little bit of everything and combines aspects of social networking, search, and media sharing, in a user interface similar to Google+.
Twitter Blocked in Pakistan over Blasphemous Material - Prophet Cartoons
Pakistan blocked Twitter on Sunday, May 20, because the microblogging site refused to remove material considered offensive to Islam, said a top Pakistani communications official.
Nasdaq to Revamp System after Tech Problems on Facebook IPO: WSJ
The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook
shares on Friday, the Wall Street Journal reported. Pakistan Briefly Bans Twitter Access for 'Blasphemy'
Pakistan banned access to Twitter on Sunday because of "blasphemous" material, a Pakistani official said, but normal service was resumed after 12 hours.
Alibaba in Talks to Raise $2.3 Billion Equity for Yahoo Deal: Sources
Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings, to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc., two sources said.
Facebook Sued for $15 Billion over Privacy Issues and Wiretap Act Violations
Facebook Inc., the social networking company that began trading its shares on May 18, has been sued for a whopping $15 billion in an amended complaint by users who accuse the company of invading their privacy by tracking their Internet use.
