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Why you should be angry with Apple's tax...

Tim Cook's corporate tax proposal: "Not zero."

by Faith Merino - May 21, 2013
Financial trends and news

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Apple to open 25 stores in China in 2 years

by Matt Bowman, February 25, 2010 | Comments

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Elusive goal of penetrating the country's booming market is in reach, shareholders report

Apple plans to open up to 25 retails stores in China in 2 years., according to multiple reports coming out of the company’s board meeting, from which communication devices are banned. Fortune, which gathered notes from unnamed shareholders willing to sneak in some text messages, published the rumor at about 1:43 ET this afternoon.To date, Apple has just one retail ...

Match.com acquires Singlesnet

by Chris Caceres, February 25, 2010 | Comments (2)

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Match.com looking to reverse declining traffic and overall user experience of Singlesnet

Match.com announced on Thursday it's signed an agreement to acquire Singlesnet. Terms of the deal were not disclosed.It's an interesting purchase for Match.com. In one way, the acquisition makes sense - acquire a competitor company. But in this case, Singlesnet's traffic has been in decline. Greg Blatt, CEO of Match.com admitted in a statement, "While Singlesnet's traffic is currently in ...

Facebook teen gets 15 years for sex extortion

by Ronny Kerr, February 25, 2010 | Comments

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19-year-old Anthony Stancl pleaded no contest to two felonies, using Facebook profile for sex scheme

A New Berlin, Wisconsin 19-year-old, Anthony Stancl, who pleaded no contest in December to two felonies, including repeated sexual assault of a child, has been sentenced to 15 years in prison along with 13 years of extended supervision.In 2008, Stancl, who had originally been facing up to 30 years, reportedly posed as a girl on a fake Facebook profile, which ...

Admob bites Google, jumps on Apple's lap

by Matt Bowman, February 25, 2010 | Comments

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Admob finds that iPhone users are happier, purchase more apps than Android users.

In the Apple-Google Wars, Cupertino is much better at sucking cash out of consumer pockets. While Google has the online ad market all but cornered, getting Joe Six Pack to shell out money directly has not been the Search Giant’s strong point. A study published today by Google-owned mobile ad company AdMob shows that iPhone users are willing to spend ...

Mashery raises $5.5 million

by Chris Caceres, February 25, 2010 | Comments

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SF-based startup rakes in Series C round led by Cisco

Mashery, a provider of API enablement and management services, has raised $5.5 million in Series C funding. Cisco led the round and was joined by existing investors including, Formative Ventures, First Round Capital and 406 Ventures. The startup has built a business helping other businesses develop API infrastructures. In this day and age, if a technology company doesn't have an ...

Sprint taking 4G to 8 more US cities in 2010

by Ronny Kerr, February 25, 2010 | Comments

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In addition to expanding WiMax network, Sprint hopes to have first 4G phone by summer

"2010 will be the year of 4G," said Sprint CEO Dan Hesse, in the company’s most recent earnings call.And he's not just talking.Sprint has confirmed that a handful of cities--Boston, Denver, Kansas City, Houston, Minneapolis, New York, San Francisco and Washington, D.C--will have high-speed mobile broadband WiMax 4G access by the end of the year. In addition to those listed ...

Yelp accused of extortion (UPDATED)

by Matt Bowman, February 24, 2010 | Comments

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Class action lawsuit claims the site demands payments in exchange for removing negative reviews

The line between extortion and aggressive sales tactics can get pretty fuzzy for a startup on the verge of making or breaking it. A new lawsuit alleges that Yelp crossed the line. The suit, filed in a Los Angeles Federal Court, states that the popular local business review site “runs an extortion scheme in which the company’s employees call businesses ...

Smilebox raises $2 million for photo sharing

by Ronny Kerr, February 24, 2010 | Comments

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Scrapbooking and e-card startup gets a boost to expand to Europe

Smilebox, a photo service for creative photo sharing projects, has raised $2 million in new funding to expand its services to Europe.The latest is "follow-on funding," says the Redmond, WA-based company, to its $7 million Series B round of funding raised in December 2007. Along with the $5 million Series A that Smilebox completed back in February 2006, the company ...

Scribd goes mobile

by Chris Caceres, February 24, 2010 | Comments

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Enabling its users to read on Kindles, E-readers and a bunch of smartphones including iPhone

Scribd, which develops an online, cloud-based platform for reading and sharing documents, announced a big step today - it's going mobile.The startup which calls itself the largest social publishing company in the world, launched two new products today in hopes to simplify mobile reading. It calls the first one, the send-to-device reading feature. In a nutshell, the feature lets you ...

Google convicted in Italy, mounts high horse

by Matt Bowman, February 24, 2010 | Comments

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Search giant’s appeal to freedom on the Internet makes its China policies look more contradictory

By now, you’ve probably read about the three Google Execs convicted by an Italian court for the transmission of a video showing the bullying of a youth with Down Syndrome. While the judge has yet to publish his opinion, it’s clear that the ruling, if it holds up, would make all Internet companies that host user-generated content criminally responsible for ...

Yahoo partners with Twitter to share the feed

by Ronny Kerr, February 24, 2010 | Comments

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On heels of recently formed Facebook relationship, Yahoo strikes similar deal with Twitter

Yahoo! last night announced that it has struck a deal with Twitter that will bring the microblogging site to Yahoo! and its many Web properties, letting Yahoo users access the stream without actually going to Twitter.Users will be able access their Twitter feeds from the Yahoo! homepage, Yahoo! Mail, Yahoo! Sports, and other various properties, meaning that users won't actually ...

Tweetmeme adds 'Follow' button

by Chris Caceres, February 23, 2010 | Comments

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Neat new feature to help you gain more Twitter followers

Tweetmeme, the makers of the "Retweet" button, have just released a new button to integrate into your blogs - the "Follow" button. What's it do? Well the button is specifically built so people can easily follow you. By clicking on the follow button, the user won't be redirected to Twitter. Instead, the button connects to Twitter using the Twitter OAuth. ...

Barnes & Noble to shift focus to e-commerce

by Ronny Kerr, February 23, 2010 | Comments

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Shares for the bookseller dropped 6% after reporting slacking Q3 sales

Barnes & Noble reports that its Q3 revenues totaled to $80.4 million, or $1.38 a share, down a considerable bit from the bookseller's profit in Q3 the previous year, $85 million, or $1.42 a share.Sales rose 33% last year, helped in part by the acquisition of a college bookstore division, bringing the New York City-based company's total revenues to $2.17 ...

Virtual worlds are not dead; they're waiting

by Matt Bowman, February 23, 2010 | Comments (4)

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Top researcher says tipping point for 3D immersive environments is just around the corner.

Remember SecondLife? Last we heard it had turned into a virtual wasteland, the sound of flies buzzing about empty Coca-Cola amphitheatres and abandoned Hummer showrooms, moss growing on the wings of the flying cars. But virtual worlds may be in a quiet incubation period, readying a fierce comeback. At the Virtual Edge Summit Monday, Eilif Trondsen, the Research & Program ...

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