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Google Inc. has released it Q4 2011 financial results and the fiscal year ended December 31, 2011. The consensus estimate is $10.49 for EPS and $8.40B for revenue, according to First Call. The company reported revenues of $10.58 billion for the quarter ended December 31, 2011, an increase of 25% compared to the fourth quarter of 2010. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the fourth quarter of 2011, TAC totalled $2.45 billion, or 24% of advertising revenues. “Google...

With the takedown of a major content hosting website Megaupload, Hacker group “Anonymous” targeting big companies and government agencies websites. The group Anonymous on their Twitter account declared, “The government takes down #Megaupload? And in response to that 15 minutes later #Anonymous takes down government & record label sites. #ExpectUs.” The...

U.S. accuses a major internet content hosting website, Megaupload.com of copyright infringement. Seven individuals and two corporations – Megaupload Limited and Vestor Limited have been charged for the offence with running of an international organized criminal enterprise allegedly responsible for massive worldwide online piracy of number of copyrighted works, generating...

With the news confirmed, Yahoo has lost one of its top advertising sales executive Seth Dallaire to Amazon. Dallaire, earlier left Microsoft for Yahoo, and has worked with the company all since 2009 as an advertising sales executive. At Amazon, he will take a newly created role of VP of North America sales. His departure is a blow to Yahoo, especially at the time...

Google+ has long been the place to share and interact with friends either through using Hangouts or watching YouTube Videos. The company move a step further and announced its new feature, letting you allow to record and share videos of yourself using your webcam. The feature was announced by Shana Gitnick, an engineer on the Google+ Photos team on her Google+ page....

Google, the world’s search engine giant, asked its user to sign a petition protesting against the two anti-piracy laws – SOPA and PIPA circulating in Congress. On the terms of signing the petition, the company produced 4.5 million signatures on their anti-SOPA petition, Google spokeswoman confirmed. The petition which was available via a link from Google’s homepage,...

Reuters today announced the launch of its Reuter TV, a new YouTube channel which features 10 news, commentary and analysis programs covering hard news, finance, politics, technology and Reuters special investigations. The move will mark Reuters entry into the rapidly growing business of online video programming, in collaboration with one of the biggest players in...

Yahoo, the premier digital company, announced that co-founder Jerry Yang has resigned from its board of directors. Yang’s resignation comes shortly after the appointment of Scott Thompson as Yahoo’s new CEO. “My time at Yahoo!, from its founding to the present, has encompassed some of the most exciting and rewarding experiences of my life. However, the time...

The time when the whole world was busy with the latest gadgets at Consumer Electronic Show, there have been developments over Oracle – Google Android lawsuit. The date for the Oracle’s lawsuit against Google is unclear as per the ruling filed on Thursday in U.S. District Court for the Northern District of California. Judge William Alsup clearly states that, “Before...

Google, the search engine giant, has hit back against News Corporation Chairman and CEO Rupert Murdoch’s claims that internet giant was a “piracy leader”. Murdoch tweeted, “So Obama has thrown in his lot with Silicon Valley paymasters who threaten all software creators with piracy, plain thievery,” and “piracy leader is Google who streams movies free,...