What Yahoo gets out of the Tumblr buy, with CNBC's Jon Fortt; and Alyson Shontell, Business Insider and Larry Fishelson, Dynalink Communications, discuss how the market is reacting to the deal.» Read More
Google said after U.S. markets closed Tuesday that George Reyes has announced plans to retire as chief financial officer by the end of the year and that the company will begin a search for a replacement.
All this buzz about social networking and the Facebook craze has sparked a backlash. No surprise, I suppose--I find it amusing that there's been a backlash in both directions. Nosoproject.com is an anti-social networking site, which is also pretty anti-social. The site says it wants to help people "temporarily disengage" from the online social networking phenomenon.
Could this really become the fourth largest city in Florida? It's at 55,000 or so now and still growing and the folks in the pool this morning were talking about it doubling before it's all 'built out'. (My mother lives here, 'walks' in the pool every morning, it's a social gathering place, you get the picture.)
EarthLink said Tuesday it will cut about 900 jobs as part of a restructuring to reduce costs, and its board authorized an additional $200 million share buyback, sending its shares up 10 percent.
I like the S&P/Case-Shiller report, because it’s really the bones of the boom and the bust all wrapped up into two neat little pages. The report only looks at the top twenty metro markets, that is, the biggest cities in the U.S., where the real estate boom really took place. “The pullback in the U.S. residential real estate market is showing no signs of slowing down,” says Robert J. Shiller.
Remember young George Hotz? He's the 17-year-old Apple hacker who figured out a way to "unlock" the iPhone so it would work on his T-Mobile SIM card, instead of the AT&T SIM card it came with? George enjoyed a whirlwind of press coverage, including quite a bit here on CNBC. I filed for "The Today Show" on Saturday about him.
On Friday, I reported about Nielsen's upcoming social networking site, 'Hey! Nielsen.' The idea is to mine online buzz to find out what movies, music, tv, and online video people are talking about online, with the idea to eventually turn that buzz into relevant numbers for advertisers. Nielsen won't be the first to look to social networks for insight.
People, you need to start recording these on video and sending them to me...forget YouTube. Mortgage advisor Andrea S. says this song parody of Don McLean's "American Pie" came from a branch manager at a very, very big mortgage lender you may have heard of which is having trouble lately:
Jockey has decided that to sell underwear, it needs to tell you how uncomfortable underwear makes you. Follow me here. Actually, don't follow me here because I've got nowhere to go with this one. At www.stopsquirming.com, the brief-maker tries the hot-hot-hot concept of "viral marketing" by showing how people react to wedgies created by "inferior undergarments."
Amazon.com, already a giant in online consumer shopping, is moving into the grocery business. Starting this month, Amazon will start delivering groceries to a few select customers in Washington state. The eventual goal is to expand to other communities and sell food the same way it does with electronics, clothing and books.
Who said print was dead? September's issue of Vogue (owned by Conde Nast) boasts a record breaking 727 advertising pages: the most ad pages EVER published in a monthly consumer magazine. Sienna Miller graces the cover of the door-stop sized mag which is on shelves now. The oversize layout is a sign that fashion magazines are alive and kicking in a publication industry otherwise suffering from ever declining ad revenues.
With the start of the U.S. Open today, I am hereby declaring it National Ana Ivanovic day. I'm sure the government won't sanction it because she's not an American citizen, but so what? The fifth-ranked tennis beauty is playing Aiko Nakamura today in Louis Armstrong Stadium. All day on CNBC, you'll see the awesome story of Ivanovic, who could be the next force in the sports marketing world if she wins the final grand slam of the year.
Social Networking is so hot right now, Nielsen is launching a social network to FIND OUT what's hot. It's all very meta. Nielsen is launching 'Hey! Nielsen,' a social network to act as a buzztracker for what in the entertainment world is hot on the web. The idea is to tap into the wisdom of crowds--or more specifically the wisdom of the "IN crowd" who wants to be webchatting about all the hottest TV, music, movies and web videos.
Tech Check on "Closing Bell" today is a fun one. The first product I talk about is the "Panoply" from Hewlett-Packard. It's a 120-degree, curved screen that could be a gamer's heaven! HP has shown this in prototype form before, but it appears this is getting closer and closer to a real product release.
Seventeen-year-old George Hotz owns a mean soldering iron, and now he's Apple Inc. and AT&T's worst nightmare--and the source of some serious embarrassment. You see, George spent the last 500-hours of his summer vacation unlocking Apple's iPhone, the year's hottest gadget and only available to work on the AT&T network. Until now.
Leading mobile phone maker Nokia said Wednesday it would bring Microsoft's Windows Live suite of Web services, like e-mail and instant messaging, to many of its cell phones.
So UBS releases an update on Apple Inc. iPhone expectations and shareholders go wild. Tell me something I don't know! I'm sitting here in Terminal C at San Jose International Airport, reading the news on my BlackBerry, and the Apple nugget caught my attention. Apple shares have been losing altitude for weeks. $140-plus down to $112 and now clawing their way back.
YouTube is making its biggest push into video advertising on its Internet site, a key strategy by owner Google to capture an even greater share of Web marketing budgets.
When Viacom's MTV unveiled its new "Urge," online digital music destination at the big Consumer Electronics Show last year, it had all the earmarks of a major initiative. Justin Timberlake joined Van Toffler on stage during Bill Gates' keynote to unveil the service which would ultimately be tied to the then-upcoming Zune media player from Microsoft.
So is my headline true? Not really. But bloggers out there are having a field day with the Countrywide situation, capturing the mortgage mayhem in ways more creative than any no-doc, no money down, 120% Alt-A pay-option mortgage. From paper-money.blogspot.com, come the following song parodies from "Anonymous" (I promise it's not me. I'm not that clever. Not even Fake Jane is that clever.