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Facebook Q1 2014 Revenues Up 72%

Facebook just released its earnings for the first quarter, with revenue of $2.50 billion, up 72% year-over-year.  Revenue from advertising was $2.27 billion, up 82% over that time. Daily active users were 802 million as of last month, up of 21% year-over-year. That’s 609 million on mobile (up 43%). Monthly active users were1.28 billion as of the end of March, ... Read More »

Facebook to Acquire WatsApp for $19bn

Facebook has agreed to buy the mobile messaging company WhatsApp for $19bn (£11.4bn), the social network has announced.  The company said in a statement that it would pay $4bn (£2.4bn) in cash and $15bn (£9bn) in Facebook shares as part of the deal. The app’s founders and employees will get $3bn (£1.8bn) of the shares as restricted stock that will ... Read More »

US Government Reaches Data Deal with High Tech Companies

According to the Financial Times the Obama administration has reached an agreement with leading technology companies that allows them to give customers more details about the online data collected by government agencies. Under the agreement, which comes after several internet companies launched a lawsuit calling for more transparency, the groups will be able to say how many information requests they receive ... Read More »

High Tech Companies Join Forces to Limit Government Surveillance

According to Reuters U.S. high tech companies have joined hands to start a public campaign for new limits on how governments collect user information amid concerns of growing online surveillance. The companies — Google Inc, Microsoft Corp , Apple Inc, Facebook Inc, Twitter , LinkedIn Corp, Yahoo Inc and AOL Inc — issued an open letter to U.S. President Barack Obama and Congress to bring in reforms and restrictions on surveillance activities.  ... Read More »

Facebook For Business Expands

Facebook has expanded Facebook for Business, its site for news and info about marketing with Facebook, into eight new countries: Korea, Japan, UK, Germany, France, Spain, Italy and Brazil. The site has also launched in 11 new languages: Korean, Japanese, Taiwanese Chinese, Simplified Chinese, UK English, German, French, European Spanish, Italian, Brazilian Portuguese and Latin American Spanish. Facebook for Business ... Read More »

The Second Front in the Search Engine Wars is Patents

That Internet companies fight each other viciously over access to users and hence to advertisers is obvious. But there is another fight going on, and winning it may not only impact the revenues of these companies but their very survival.  This fight is over patents.  Yahoo has lots of them and it is engaged in protracted court battles with Google ... Read More »

J.P. Morgan Expects Strong Internet Growth Especially in E-commerce

The equity research team of influential Wall Street player J.P. Morgan expects a strong performance for the online industry in 2012, with strong growth prospects due to the continued popularity of smartphones and tablets and a strong trend towards social and local. Such a forecast would point towards naming Facebook and Google as the strongest prospects, but J.P. Morgan thinks ... Read More »