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. ...
Microsoft sees Windows 8 as ‘rebirth’
Microsoft is betting big on its upcoming Windows 8 operating system, which looks to bridge the gap between smartphones, tablets and desktop computers. Microsoft CEO Steve Ballmer on Tuesday called the operating system a “rebirth” of the Windows brand and described it as the ”deepest, broadest and most impactful” Windows software ever created, Agence France-Presse reported. “It’s really, in some senses, a dawning of the rebirth of MS Windows… It’s certainly the most important piece of work we’ve done,” he said at a forum in Seoul, South Korea, adding that an estimated 500 million users will have Windows 8 on next year. The CEO went on to promise the “best economic opportunity” for device makers and app developers who adopt the
Facebook and others simplify Android game distribution
It seems everyone wants to make Android app installs easier than ever, and that especially goes for games. After Amazon revealed their Test Drive feature for trying Android games before you make a purchase, Facebook is offering more details on their plans for making Android game installs as convenient as possible. Already redirecting a user to the Google Play marketplace link when accessing a game through their mobile App Center, Facebook will also add a “Send to Mobile” button on the browser version. ...
Needham starts Facebook with buy, $40 price target
(Reuters) - Brokerage Needham & Co started coverage on Facebook Inc with a "buy" rating, a rare positive take on the shares of the social network after they lost nearly a fifth of their value since the company's stock started trading last Friday. Facebook should be valued based on the revenue potential from total minutes spent on the website, Needham analysts said, setting a $40 price target on the stock. Facebook shares were up 4 percent at $32.35 in early trade on the Nasdaq. ...
Facebook, Zuckerberg, Morgan Stanley Sued Over IPO [REPORT]
Shareholders have sued Facebook and CEO Mark Zuckerberg over the company's bungled IPO, charging they hid bearish forecasts prior to going public, according to a report.
Ahead of the Bell: Facebook shares start climbing
Facebook shares climbed Wednesday in premarket trading after its long-awaited initial public offering was followed by a two-day slide in stock price.
