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Facebook Founder Won't Rush IPO: Report

Thu, 04 Mar 2010 01:36:31 EST

PALO ALTO, Calif. (TheStreet) -- Facebook founder Mark Zuckerberg is in no hurry to take his company public even as everyone in Silicon Valley and on Wall Street awaits the initial public offering of the social-networking site.

"We're going to go public eventually, because that's the contract that we have with our investors and our employees," Zuckerberg told the Wall Street Journal in an interview. But, he added, "We are definitely in no rush."

Unlike some of his predecessors such as Apple CEO Steve Jobs and Google's founders, Zuckerberg doesn't need huge cash reserves to build factories, a global distribution system or even a massive marketing machine, the Journal notes. ...

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Sina Earnings Miss Estimates; Shares Fall

Thu, 04 Mar 2010 00:25:30 EST

SHANGHAI (TheStreet) -- Sina, a Chinese online media company, said fourth-quarter earnings rose to $372.1 million, or $6.03 a share, as it recorded a large gain, up from $25.2 million, or 42 cents a share, in the year-earlier period.

On an adjusted basis, however, earnings of 31 cents a share were below the 36 cents a share analysts polled by Thomson Reuters were expecting.

Sina shares fell in after-hours trading Thursday by $1.64, or 4.4%, to $35.85. ...

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Akamai Riding High on Net Wave

Wed, 03 Mar 2010 08:48:46 EST

NEW YORK (TheStreet) -- Akamai gains more fans on its way up.

Merriman Curran analyst Richard Fetyko upgraded the stock to buy in a research note Wednesday citing market share stability and the ever-rising tide of Internet traffic.

The Cambridge, Mass. Internet freight hauler -- or content delivery network operator -- has seen its shares rise more than 8% this year amid a period when tech investors were selling heavily. ...

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eBay Sends Bearish Signals

Thu, 25 Feb 2010 09:55:27 EST

By Technology Research Group eBay's 10-K filing did little to change our bearish stance. ...

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Google On the Road to $500

Wed, 24 Feb 2010 12:45:22 EST

MOUNTAIN VIEW, Calif. (TheStreet) -- Say goodbye to Google $600.

A lack of growth, weak consumer spending, softer-than-expected advertising "click-through" rates and now the rise of regulatory scrutiny have helped put Google shares in a funk.

Google: Not all Good...

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Yahoo!, Twitter In Content Partnership

Wed, 24 Feb 2010 01:47:38 EST

SUNNYVALE, Calif. (TheStreet) -- Yahoo! said Wednesday it would integrate Twitter's "tweets" into its global network.

Yahoo!, in a statement, said the integration "is part of Yahoo!'s commitment to provide personally relevant information to people, from sources across the Web."

Under the agreement, people will be able to access their personal Twitter feeds across Yahoo!'s products and properties, and Yahoo!'s search results will include real-time public Twitter updates. ...

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Google Is Subject of Europe Antitrust Probe

Wed, 24 Feb 2010 01:11:55 EST

MOUNTAIN VIEW, Calif. (TheStreet) -- European antitrust authorities have opened a preliminary probe into complaints by three European Internet companies about Google's tactics of lowering their rank in search results that appear on Google sites, Google revealed.

Julia Holtz, Google's senior competition counsel, wrote in a blog post that the EU has received complaints from a U.K. price comparison site, Foundem, a French legal search engine called ejustice.fr and Microsoft's Ciao! from Bing.

Foundem argues that Google's algorithms demote their site in the search results because it is a vertical search engine and so a direct competitor to Google. Ciao! has complained about Google's standard terms and conditions. ...

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Google Set to Resume Talks With China

Tue, 23 Feb 2010 00:17:55 EST

MOUNTAIN VIEW, Calif. (TheStreet) -- Google's talks with China regarding operating its search engine without censorship in the country are scheduled to resume soon, a report says.

Google will meet with Chinese officials in coming days, the Wall Street Journal reports, although the schedule and the status of the talks is unclear. Google policy executive, Ross LaJeunesse, is expected to be one of the Google officials handling the talks, said people familiar with the matter, the Journal reports.

But any resolution on whether Google can operate an unfiltered search engine in China is likely to be at least weeks away, said one of the people, the Journal adds. ...

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Facebook Suffers Technical Glitch

Sat, 20 Feb 2010 15:35:52 EST

PALO ALTO, Calif. (TheStreet) -- Some Facebook users had problems gaining access to the social networking Web site or to some of its functions Saturday.

A statement on Facebook's site blamed the problem on "an isolated server issue" and said the company was working to restore access as soon as possible.

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Google Buzz Stalks Twitter's Killer App

Wed, 17 Feb 2010 15:19:54 EST

NEW YORK (TheStreet) -- Google's ire-provoking launch of Google Buzz highlights an eager intent to tap the search prospects in social networking.

Put aside the outing of private contacts and the involuntary public exposure of your fascinating profile -- Google's hasty introduction of Buzz is a desperate attempt to join in-the-know crowd.

Why is Google so desperate? One reason: Internet traffic patterns are changing rapidly. Twitter's growth is exploding and Facebook is like a sponge soaking up more and more user time. ...

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Yahoo! Director Burkle Stepping Down

Wed, 17 Feb 2010 00:44:02 EST

SUNNYVALE, Calif. (TheStreet) -- Yahoo! director Ron Burkle, the supermarket magnate, won't seek re-election to the Internet search company's board at the annual meeting later this year.

Burkle, who has been on Yahoo!'s board since November 2001, is stepping down "to devote more time to his other business interests," Yahoo! said in a press release.

Nearly 38% of Yahoo! shareholders opposed Burkle's re-election to the board in 2008, the Associated Press reports, blaming him in part for the mishandling of a $47.5 billion takeover bid from Microsoft. ...

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Google Plans More Buzz Changes: Report

Tue, 16 Feb 2010 01:43:29 EST

MOUNTAIN VIEW, Calif. (TheStreet) -- Google is mulling further updates and considering changing the way it tests new Buzz features, the Wall Street Journal reports.

The number of people initially uncomfortable with the service underscored that the company's approach of testing Buzz among its employees hasn't been sufficient, Google product manager Todd Jackson told the Journal in an interview. Google might test new features with friends and family of Google employees.

"Getting feedback from 20,000 Googlers isn't quite the same as letting Gmail users play with Buzz in the wild," Jackson said. "We needed to launch to the public and get feedback from users." ...

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Google Gooses Washington

Thu, 11 Feb 2010 06:02:41 EST

NEW YORK (TheStreet) -- Superfast Net connections. Civil liberties in China. Carbon neutrality. What's next for Google? Digitization of medical records? Taxation reform? A cure for baldness?

Google's Gigabit experiment to build limited fiber optic networks capable of 100-times faster Internet speeds has a familiar, sunny, change-the-world sweep to it. Like many of Google's well-intended strategies, the announcement Wednesday is as much a challenge to naysayers as it is an internal goal for Googlers far and wide.

Fiber optic networks are clearly the domain of telco and cable giants like AT&T, Verizon, Comcast and Time Warner Cable. And the referees in this skirmish are regulators at the Federal Communications Commission. ...

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MySpace CEO Van Natta Steps Down

Thu, 11 Feb 2010 00:33:20 EST

LOS ANGELES (TheStreet) -- MySpace CEO Owen Van Natta is stepping down, having spent less than a year at the News Corp. unit.

Van Natta will be replaced by co-Presidents Mike Jones and Jason Hirschhorn. The three joined MySpace, the social networking site, in April 2009.

"Owen took on an incredible challenge in working to refocus and revitalize MySpace, and the business has shown very positive signs recently as a result of his dedicated work," said Jon Miller, News Corp.'s chairman and CEO of Digital Media, in a statement late Wednesday. "However, in talking to Owen about his priorities both personally and professionally going forward, we both agreed that it was best for him to step down at this time. I want to thank Owen for all of his efforts." ...

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Google Enters Social Networking With Buzz

Wed, 10 Feb 2010 01:25:28 EST

MOUNTAIN VIEW, Calif. (TheStreet) -- Google entered the turf of Facebook and other social media sites by launching a new service named Google Buzz that brings social updates such as photos and Web links into Gmail and some Google mobile products.

Buzz is built into Gmail so the user is automatically following the people he emails and chats with the most.

In order to make the sharing experience really rich, Google has focused on integrating photos, videos and links, wrote Edward Ho, tech lead of Google Buzz, on a company blog. ...

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