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Netflix Q4 tops expectations; Shares pop 14%

by Nathan Pensky, January 25, 2012 | Comments

Online content-streaming site rounds out a tough 2011 by performing better than analysts expected

Shares of Netflix shot up 14% to $108.75 in after-hours trading after the company posted Q4 earnings report that were better than analysts' expectations. Netflix posted earnings of $41 million, or 73 cents a share, on revenue of $876 million. Analysts expectations, as reported by FactSet Research, had earnings at 54 cents a share on revenue of $857.3 million. The ...

New EU Web privacy laws would carry high fines

by Nathan Pensky, January 25, 2012 | Comments

Web companies running afoul of laws proposed in Europe could be fined up to 2% of annual net income

New legislation proposed in Europe would impose stricter privacy regulations on Internet companies, regarding user data. Those companies that find themselves in breach of these laws would face hefty fines, up to 2% of a company's annual net income. To put that in perspective, if the maximum fines were imposed on Google, that would come to $800 million. If approved by ...

Con man helped in Google pharma bust

by Nathan Pensky, January 25, 2012 | Comments

One of the biggest DOJ cash forfeitures in history was aided by convicted con man working with feds

Google was busted by the US Department of Justice last year for facilitating the sale of illegal Canadian prescription drugs through its AdWords program, agreeing in August 2011 to pay $500 million. One of the biggest cash settlements of its kind in history, the sum nevertheless represented a small fraction of Google's reported $45 billion in ready cash. Now, new ...

AnonOps Twitter: Jan. 28 Facebook threat is a fake

by Nathan Pensky, January 24, 2012 | Comments

A YouTube claiming to be from Web activist group Anonymous has been disavowed by AnonOps Twitter

Word spread this morning that hacktivist group Anonymous had planned a massive onslaught against Facebook, to be carried out on January 28, 12:00 AM EST, as a YouTube claiming to be from the group circulated the Web. But fear not, Facebookers. A Twitter account reliably associated with Anonymous has claimed that the YouTube, and the accompanying claim of a Facebook ...

Apple shares spike on record report, 37M iPhones sold

by Nathan Pensky, January 24, 2012 | Comments

In its first $40+ billion quarter, Apple blows every expectation out of the water

Shares of Apple jumped 8% in after-hours trading to $454, after posting late Tuesday that strong iPhone sales drove earnings to more than double to $10.57 billion on record revenue of $46.3 billion, handily beating analysts' estimates for the quarter. Analysts were expecting Apple's Q1 earnings report to be positive. But, in short, the company's report exceeded all expectations. ...

How to advertise to Millennials

by Nathan Pensky, January 24, 2012 | Comments

New study shows 13 to 31 year olds are less responsive to TV ads

As part of Generation Y, or the Millennials, I can attest that advertisements don't make much of an impression on me. It's just too darn easy to get distracted by the myriad other things vying for my attention. (Actually, I'm not sure if that makes me a Millennial or an ADHD-case.) But keeping up with Millennials can be difficult, especially ...

Kim Dotcom claims innocence in bail hearing

by Nathan Pensky, January 23, 2012 | Comments

MegaUpload's eccentric boss claims his file-sharing site is like YouTube, "promotes creativity"

MegaUpload founder Kim Dotcom, one of several recently arrested by New Zealand police on charges from the US Justice Department ranging from copyright infringement to conspiracy to racketeering, has claimed through his lawyer that he is innocent of the charges brought against him and his company. "His business did not reproduce or copy material as alleged," claimed Dotcom's lawyer Paul ...

YouTube daily video views up 25% to four billion

by Nathan Pensky, January 23, 2012 | Comments

The stats for daily YouTube views just keep going up, but will smart TVs break the streak in 2012?

Everyone knows the gag that the Internet is basically just a huge forum for cat videos. According to statements made by Google to Reuters Monday, this running gag is not all comedy. Google said that its widely-popular online video site YouTube now streams four billion videos around the world per day, which is a 25% increase over the last eight ...

Tablet ownership doubled over holidays

by Nathan Pensky, January 23, 2012 | Comments

New findings show that number of American adults using tablets jumped to 19%

The appetite for tablets is exploding. It's said that mainstream penetration is about 20% of a market. If that's the case, tablets have just gone mainstream. This just two years after Apple released its first iPad back at the start of 2010. According to new findings from the Pew Research Center, a whole lot of people have started using tablets ...

Barnes & Noble shares drop after Nook spin-off talk

by Nathan Pensky, January 20, 2012 | Comments

Barnes & Noble's shares have dropped 17% since all the talk of spinning off the Nook started

Remember a few weeks ago, when we reported that Barnes & Noble was planning on possibly spinning off its Nook division into a separate business? Well, it seems that the gods of finance had something to say about that. Since then, the book sellers' shares have plummeted 17%, a loss of $139 million in market value. Yikes, that's a lot ...

Congress indefinitely postpones SOPA/PIPA

by Nathan Pensky, January 20, 2012 | Comments

Due to massive backlash, Congress indefinitely shelves controversial legislation

Well, that was fast... Multiple news sources are declaring the Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA) as dead in the water, following statements from both Rep. Lamarr Smith (R-TX), the author of SOPA, and Senate Majority Leader Harry Reid (D-NV). “I have heard from the critics and I take seriously their concerns regarding proposed legislation ...

Four MegaUpload execs arrested, Anonymous responds

by Nathan Pensky, January 20, 2012 | Comments

Popular file-sharing company shut down by US Justice Dept., prompting biggest ever Anonymous attack

If you thought the copyright battles had reached a fever pitch with the SOPA/PIPA protests, you'd be dead wrong... The day after a widely publicized Web protest of the Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA), the US Justice Department arrested four operators and company executives of popular file-sharing company MegaUpload. MegaUpload founder Kim Dotcom, also ...

3.9M SOPA/PIPA tweets posted during Wikipedia blackout

by Nathan Pensky, January 19, 2012 | Comments

The SOPA/PIPA protest elicited huge online response, Mark Zuckerberg's first Tweet since 2009

Wednesday marked an important protest in the fight against the Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA), as Wikipedia, Reddit, BoingBoing, and other sites went black to demonstrate the severity of the proposed measures of the copyright protection laws known as SOPA and PIPA. And all signs suggest that the ensuing Internet chatter about SOPA and PIPA ...

News Corp settles 36 phone-hacking cases, admits fault

by Nathan Pensky, January 19, 2012 | Comments

Actor Jude Law among those who receive settlement from UK News Corp Division, News International

News International, the British division of News Corp, which has been long beleaguered with accusations of generating news via phone-hacking, reached court settlements with hacking victims Thursday. Listing among the 36 lawsuits were those of actor Jude Law, who received a reported $200,000 in compensation, and footballer Ashley Cole. Awards were given on the basis of News International management having been ...

Amazon to make $136 per Kindle Fire in e-content sales

by Nathan Pensky, January 19, 2012 | Comments

Amazon is expected to recoup low profit margin for Kindle Fire through sales of digital content

If you were worried that Amazon had gone craaazy for selling the Kindle Fire at the low price of $199, you can stop. Reports are emerging that the Kindle Fire is much more profitable than was originally expected, in spite of the non-existent profit margin of the tablet itself. We reported months ago that the production cost for Amazon's wildly ...

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