THE BUSINESS OF TECHNOLOGY
The Federal Trades Communication has fined Google $25,000 for impeding investigators' efforts to examine the company's data collection efforts, the New York Times recently reported. In 2010, the company accidentally collected the user names and passwords of unprotected Wi-Fi networks as it used cars to sweep streets and neighborhoods to improve … [Read more...]
Facebook investors who have bubble talk babbling in the back of their heads recently received some news that should make them relax. The social networks advertising business is snowballing thanks to increased costs to advertisers, according to a recent study from TBG Digital. The social agency analyzed 372 billion impressions for 235 clients … [Read more...]
Foursquare celebrated its third annual 4SqDay on April 16 (four squared for the math nerd in us all) with the shattering of another milestone: the company has reached 20 million users making a whopping 2 billion check ins. The company celebrated by throwing parties in New York City, San Francisco, London, Ithaca, and Whitewater, WI. “In 2010, … [Read more...]
By Matt Gallagher, Red Herring Facebook has acquired Instagram for a jaw dropping billion dollars in cash and stock, impressive bones for a two year old startup that previously had little to no business plan. It's the largest acquisition in the social network's history, and as Wired points out, a mind boggling cash windfall for Instagram's … [Read more...]
Obama has signed the crowdfunding Jobs Act into law, opening the way for mom and pop investors to sink investment support into startups. The new law allows anyone to invest in startups, which are limited to $1 million per a year and must use SEC approved portals. Investors making less than $100,000 per year will be limited to 5 percent, or … [Read more...]
Facebook has chosen NASDAQ over New York Stock Exchange for the company's upcoming IPO in May, the New York Times reports, based on anonymous sources familiar with the matter who have not been authorized to discuss it. It's a big win for the exchange, which has been locked in a head to head competition with the New York Stock Exchange for tech … [Read more...]
Yahoo has announced 14 percent in cuts to its workforce, issuing 2,000 pink slips in a move that will save the company $375 million. What's more, sources close to the matter told AllThingsD that the layoffs were “just the tip of the iceberg” to hit the massive Titanic of a site in the months to come. Though the layoffs are expected to affect … [Read more...]
Twitter has a lot to celebrate on its sixth birthday. Aside from helping to launch Middle East revolutions as well as Charlie Sheen's fan club, the social media tool just announced it broke 140 million users who send about 340 million tweets per day. It's a completely different world from the one in which founder Jack Dorsey first tweeted on … [Read more...]
Groupon has released a free beta version of Scheduler, an online tool for small businesses to accept online bookings easily and seamlessly integrate them into the Groupon deals process. The technology is the fruit of the company's acquisition of OpenCal, the makers of an online appointment app, last September. The service is available to all … [Read more...]
Google has taken its Flight Search internationally, offering an easy way to check and compare flights to over 500 international airports. The only catch is you'll have to start your flight in the US, as the app currently only supports plans for flights taking off from US soil. Google debuted its Flight Search tool in September much to the … [Read more...]