The tech IPO market for 2014 is shaping up to be a big one.» Read More
*Reaches one billion monthly active users, 600 million Mobile users- cnbc. *CEO Zuckerberg in statement confirms that "more than one billion people are. using Facebook actively each month ".
CNBC's Julia Boorstin reports the social network company has reached a giant milestone of one billion users, doubling its size in about two years.
VIENNA, Oct 4- The fabled Viennese fondness for fine funerals and "a schoene Leich"- a beautiful corpse- is about to get a modern twist. The first QR codes will start appearing on graves in Austria within weeks, said Joerg Bauer, project leader for Austrian bereavement company Aspetos, who has been working on the QR project for five years.
Facebook is testing a new product in the US that allows ordinary users to pay to promote their own status updates, marking a shift in the social network’s willingness to charge its users for a core service, the FT reports.
SAN FRANCISCO, Oct 4- A decade ago, a developer from Korean gamemaker Nexon threw a few lines of code together to create an image of a flower to present to his girlfriend, buying himself more videogame time as she sat impatiently by his side at an Internet cafe.
Every Wednesday, a bar in central Tokyo hosts an unusual speed-dating event. There are drinks and plenty of coy looks. But the young people at the bar aren’t here for romance. The NYT reports.
Our biggest challenge is converting the 25 to 35 year old to becoming participants in our industry, "said Brian Gamache, chief executive of slot machine maker WMS Industries Inc at the annual Global Gaming Expo in Las Vegas.
SAN FRANCISCO, Oct 3- Venture capitalist Ben Horowitz is famous for starting his blog posts with rap lyrics. His firm, Andreessen Horowitz, announced Wednesday a $15 million investment in Rap Genius, a website using crowdsourcing to dig into and explain arcane details of rap lyrics.
Facebook is tracking users and looking at shopping and surfing habits online. Jamie Court of Consumer Watch Dog, explains why Facebook's latest experiment is wrong, while Rick Summer of Morningstar says Facebook will prove to be successful.
SAN FRANCISCO, Oct 3- Facebook Inc is letting users in the United States pay a fee to boost the visibility of their postings on the social network, the company's latest effort to look beyond advertisers for revenue.
NEW YORK, Oct 3- Nasdaq canceled some trades in shares of Kraft Foods Group that had pushed the stock up about 29 percent in just one minute, the latest in a string of trading glitches that have rattled market confidence. During the one-minute period, Kraft shares surged as high as $58.54 after opening at $45.44.
MILWAUKEE-- Jennifer Livingston has always rebuffed personal attacks, so when the Wisconsin television anchorwoman got an email from a viewer criticizing her weight, she thought nothing of it. Livingston took the airways Tuesday to respond to the email during a 4- minute segment on WKBT-TV in La Crosse, calling the writer a bully.
Are the markets running out of steam? My bet is that absent European drama, pullbacks will be shallow.
François Hollande’s Socialist government is facing a new tax revolt – this time not from big business protesting against the president’s 75 per cent income tax band but in the form of a viral online campaign by small French entrepreneurs furious about a jump in capital gains taxes, the FT reports.
*The parent company of T-Mobile USA, the struggling cellphone service provider, is in talks to buy MetroPCS Communications Inc as it fights to compete against two bigger rivals.
*SEC convenes roundtable following Knight error. The SEC convened the roundtable following a major glitch at Knight Capital on Aug. 1 that led to a $440 million trading loss that nearly bankrupted the firm. The SEC has also launched a broad review into technology issues at major brokerage firms.
TOPEKA, Kan.-- Hallmark Cards Inc. will close its Topeka manufacturing plant and shed about 300 jobs as it consolidates its Kansas operations at its remaining facilities in Lawrence and Leavenworth, the company announced Tuesday.
With Facebook's stock down 40 percent, the company is going on the offensive.
NEW YORK, Oct 2- A Florida fund manager admitted on Tuesday to tricking investors out of $13 million by falsely telling them he had put their money in coveted shares of Facebook Inc and Groupon Inc before the Internet companies went public.