With lots of speculations, rumor mill, truth-false story comes to end, when Yahoo confirmed on Sunday that Ross Levinsohn, Yahoo’s global media chief, is the new interim chief executive. The company’s chief executive Scott Thompson has stepped down and “left the company”. Newly-added director Fred Amoroso is now chairman of the board, replacing Roy Bostock, who upon Thompson’s appointment said he was “precisely the formula we need at Yahoo!”. The news was first reported by AllThingsD, and confirmed by the company a short...
We reported earlier this week that The Federal Trade Commission (FTC) launching a “competitor probe” into Facebook’s $1 billion acquisition of Instagram. The probe will take anywhere between six to twelve months period, means the social giant won’t close the deal unless it gets a green signal from FTC. Reuters reports that the commission has already started...
A new speculation surrounded the web is that Facebook long awaited IPO may get delayed, means the social giant may not go public on May 18. It might be because that the U.S. Securities and Exchange Commission (SEC) have yet to approve the company’s filing for an initial public offering (IPO). The news comes from media reporter Julia Boorstin, who sent out the following message on Twitter: Facebook says May 18 IPO is uncertain pending SEC approval of S-1. Roadshow meeting over, mobile, ads in focus. #facebookipo CNBC then reported it...
As Facebook IPO May 18 date approaches, company co-founder Eduardo Saverin has renounced his U.S. citizenship as per an internal revenue service reports. Interesting is the announcement made just a few days prior to social giant’s initial public offering. We reported last week the social giant set its share price $25-35 range, resulting in making a total valuation of around $60 to $75 billion. The offering could leave Saverin, who once owned 5 percent of the company, with a hefty capital-gains tax bill. Saverin has sold enough of his...
It’s a Facebook week as the social giant IPO May 18th date approaches, company’s CEO Mark Zuckerberg laid out growth strategy to investors on Friday stating that it will transform its mobile and advertising experience as top priorities in 2012, Reuters reports. Stating further, emphasising on integrating online apps more strongly into Facebook is a major goal. The social giant had recently filed its sixth amendment to its S-1 filing to IPO showing how the shift from web to mobile of its user base will result in fewer ads per user,...
We reported today that starting from July 1st; the European Union’s mobile roaming regulation will be extended to include price caps for data downloads which will mean significant savings for those using maps, email and social networks when travelling. The first carrier to follow the regulation is O2 as the carrier launched O2 Travel. Available from July to all O2 pay monthly customers, including O2 business customers, offers 25MB of data per day for £1.99. When making voice calls, customers will be charged a one-off 50p per call, with...
Adobe today announced the Adobe Creative Cloud immediate availability which also includes the recently released Creative Suite 6. The CS6 product line includes new releases of Photoshop, InDesign, Illustrator, Dreamweaver, Adobe Premiere Pro, After Effects, Flash Professional and other products. In addition, two new Touch Apps – Adobe Proto and Adobe Collage –...
Panasonic has just released its annual financial results today with a net loss of ¥812.8 billion (about $10.2 billion), which is an increase of more than ¥30 billion (about $375 million) from its revised forecast in February. The company only made 72 percent of the LCD sales and 59 percent of the plasma sales that it did in 2011. The company has yet like any other company blamed earthquake, flooding in Thailand and high yen as major factors affecting it. ...
Nokia finally rolling out its Reading for Windows Phone app for France, Germany, Italy, Russia, Spain, and the UK on the company’s range of Lumia handsets. The app was originally unveiled at Mobile World Congress earlier this year. Reading provides access to an ebook store and works with the company’s Nokia account. Nokia Reading will be available in...
The famous Angry Birds developer, which recently crosses 1 billion download marks for Angry Birds, has announced a new game named as “Amazing Alex” which according to the company will release in two months time. While speaking on Finnish TV channel Yle, Rovio CEO Mikael Hed stated the game is based on the Rube Goldberg-like Casey’s Contraptions IP, acquired...
