Three years after the European Union began a probe into Google’s European strategy, the Silicon Valley giant has escaped a fine capable of denting even its own stratospheric profits. But how did…
Google Q4 profits hamstrung by Motorola
Google’s fourth quarter earnings report beat analyst estimates on revenue, but missed on profits, partly due to losses incurred by the recently-sold Motorola Mobile arm of the company. The search and advertising…
Facebook reports mobile revenue surge as shares soar
Facebook’s sales and profits for the fourth quarter of 2013 beat Wall Street’s expectations, sending the social network’s shares soaring in after-hours trading on Wednesday. The company’s profits hit $523 million for…
Dropbox’s $10 billion valuation raises more bubble concerns
Digital media repository Dropbox has reportedly raised $250 million in a funding round led by BlackRock Inc. The colossal investment values the 5-year-old company, known for scaling at a sprint, at roughly…
Internet erupts as Gmail falters
In what many seemed to take as a sign of the Internet apocalypse, Google’s email service went down for about 15 minutes this morning. Those trying to access their online mail accounts…
Tencent v Alibaba: where do they compete?
The battle between Chinese giants Alibaba and Tencent is fierce enough to stretch over multiple industries. Alibaba is China’s largest e-commerce provider, and is accelerating towards one of the most highly-anticipated IPOs…
What does Google gain from its $3.2 billion Nest Labs acquisition?
Google’s $3.2 billion acquisition of Nest Labs Inc. is it’s second biggest ever. This is what the Internet giant got for its money. One of Silicon Valley’s rising stars Nest Labs, which…
Tencent invests nearly $200 million to take on Alibaba – Investment Round Up
Series A Drive Capital led a $4 million Series A round for Ann Arbor-based software company FarmLogs, which provides digital solutions to farmers. Huron River Ventures, Hyde Park Venture Partners and Hyde…
Mobile internet builds promise in African e-commerce market
The vast continent of Africa presents a significant opportunity for e-commerce retailers, but a lack of infrastructure has held back online shopping in the region. Now the use of mobile devices to…
Is Amazon’s drone plan all for show?
Amazon has announced plans to take to the skies with a fleet of delivery drones, which would send customers’ orders directly to them within 30 minutes of an order being placed. The…