Facebook told analysts to cut forecasts before IPO
(Reuters) - As Facebook Inc officials traveled the country to talk up the company's $16 billion initial public offering, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, according to people with direct knowledge of the matter. The advice came around May 9, the day the company published an amended prospectus that included a cautionary note about how Facebook's users were increasingly using mobile devices, which generate less advertising revenue for the company. ... Advertisement:
 Facebook Timeline as an Infectious Disease [VIDEO]
Do you have Timeline? No matter how safe you are, you will eventually get it -- and there's nothing you can do about it. QWIKI: What Is Instagram?
!function(c,e){var b,a=c.getElementsByTagName("script")[0];if(!c.getElementById(e)){b=c.createElement("script");b.id=e;b.src="//s1.ikiwq.com/embed/2.4/embed.min.js";a.parentNode.insertBefore(b,a);}}(document,"qwiki-js"); It’s likely that you’ve started to hear people talk a lot about Instagram, or what has now become known as the “billion-dollar app.” Yes, back in April Facebook purchased Instagram for $1 billion. So what is so special about the app and how...
  Yahoo under Levinsohn seen shifting to content, advertising
 SAN FRANCISCO (Reuters) - With two of its most distracting conflicts resolved in the past week and a half, Yahoo Inc hopes its new interim chief executive can focus on the biggest challenge of all: turning the company into an entertainment and information destination that wins back the advertising dollars flowing elsewhere. While ousted predecessors Scott Thompson and Carol Bartz were seen as technologists, Ross Levinsohn has managed Internet efforts at such mainstream media companies as CBS and Rupert Murdoch's News Corp. ...
SAP to buy Ariba for $4.5B, extending cloud push
Business software maker SAP AG on Tuesday said it will buy Ariba Inc., which makes Web-based software that connects suppliers and buyers online, for about $4.51 billion.
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