Feb 5- LinkedIn Corp's shares closed down 43.6 percent on Friday, wiping out nearly $11 billion of market value, after the social network for professionals shocked Wall Street with a revenue forecast that fell far short of expectations. The rout in the stock cost LinkedIn chairman Reid Hoffman about $1.2 billion based on his 11.1 percent stake in the company he...» Read More
Cisco will likely debut tools that will enable its network service providers to build their own high-speed networks at its Tuesday Web cast, as opposed to showing a new, high-speed broadband network of its own, CNBC has learned.
When two top Activison executives responsible for "Modern Warfare 2"—which, with more than $1 billion in revenue, became the biggest entertainment launch of any kind in history—were abruptly fired by the company last Monday, everyone knew a lawsuit would follow.
The video game world was reeling Tuesday after two top executives and the developer responsible for last year’s biggest game were suddenly and unexpectedly dismissed.
Facebook, the world’s biggest social network, is selling more ad spots to big companies like Wal-Mart Stores, Procter & Gamble and PepsiCo. But the site’s pages are also home to countless ads from smaller companies that can be funny, weird or just plain creepy
The emergence of the new 'Social Media Maven' among Baby Boomers, coupled with the dramatic rise in their time spent on the Internet, indicates that social media has significantly carved out time generally reserved for traditional media.
Three weeks after confirming that its Chinese manufacturing partners had suspended production of the Pre and Pre-Plus, it appears Palm is back on track.
Microsoft CEO Steve Ballmer was on hand earlier this morning at the Search Marketing Expo in Santa Clara, and sat for a wide-ranging interview on stage in front of about 1,000 visitors, and while much of his comments were about Bing, Yahoo, Google, Microsoft more broadly, and lots of other topics, what he had to say about Twitter was intriguing.
Sony Playstation 3 consoles began to reactivate late Monday, after an error with the console’s online network rendered some machines incapable of playing many recent games, leaving thousands of gamers stranded.
On the Internet, things get old fast. One prime candidate for the digital dustbin, it seems, is the current approach to protecting privacy on the Internet, The New York Times reports.
After squeezing the shorts and defying gravity, Palm finally came back to Earth with a major thud today. And while the fall was painful for equity investors, do options traders sense a takeout on the horizon?
The news today from Palm is just plain ugly, and you gotta hand it to RBC Capital and Bank of America, who both came out Monday with negative calls on this stock.
Apple has started banning many applications for its iPhone that feature sexually suggestive material, including photos of women in bikinis and lingerie, a move that came as an abrupt surprise to developers who had been profiting from such programs.
RBC's Mike Abramsky has an interesting research report out this morning about Apple and Palm. And it's compelling stuff because of Abramsky's past calls on both these companies.
Microsoft said on Monday it signed a patent agreement with Amazon.com that allows the two companies to share technology in several areas including Amazon's Kindle electronic book reader and Amazon's use of Linux-based servers.
After years of standing on the sidelines grumbling about the sale of used video games, publishers are finally starting to take action.
If Apple cut the price of each TV episode in half - to 99 cents, from $1.99 - would sales on iTunes increase enough to offset the price drop? Experiments are under way to find out, and the head of the nation’s No. 1 television network, CBS, indicated last week that some shows, at least, would be priced under a dollar in the future.
The video game industry has known for a while that social networks represented a threat to the bottom line of traditional publishers – but the depth of that threat was unknown. A new survey of U.S. and U.K. players, though, underscores just how fast this new gaming category has grown.
'It was almost 14 years ago that I uttered those very words to you to announce my debut into professional golf. Today, it obviously comes with a much different tone.' That's how I think Tiger Woods should start off his statement tomorrow.
The average volume this year on down days is stronger than the average activity on up days. The conviction in this market is still with the bears…for now.
The video game industry stumbled out of the gate in 2010, posting a 13 percent decline in January sales compared with 2009. But despite the negative news, observers are still expecting improvements in the months to come.
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Matt Hunter is the senior technology editor at CNBC.com.
Ari Levy is CNBC.com's senior technology reporter in San Francisco.
Harriet Taylor is a CNBC.com technology reporter based in San Francisco. She covers Apple, Uber and the sharing economy, cyber security and emerging Silicon Valley trends.
Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.
Jon Fortt is an on-air editor. He covers the companies, start-ups, and trends that are driving innovation in the industry.
Josh Lipton is CNBC's technology correspondent, working from CNBC's Silicon Valley bureau.