Facebook, the world’s largest social networking website, facing a three-day suspension of trading on secondary market this week, Bloomberg reported. The company which is heading towards its giant Initial public offering of $100 billion – that is due for late may. Transactions won’t be processed by Facebook’s attorneys at Fenwick and West LLC – starting from today till January 27. The social networking site is facing a three-day suspension of trading on secondary markets this week. “Facebook and companies who do this don’t...
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Yahoo on Tuesday (ET) announced its fourth quarter results of 2011. The company revenue dropped 13 percent compared to the same period last year. Yahoo reported $1,324 million in GAAP revenue for the fourth quarter 2011 – while cost increased by 10 percent. The company recently appointed former PayPal president Scott Thompson as the company’s new CEO and after...
Apple announced its Quarter 1 financial results for its fiscal 2012. The company posted record quarterly revenue of $46.33 billion and net profit of $13.06 billion, or $12.87 per diluted share. The Company sold 37.04 million iPhones in the quarter and 15.43 million iPads during the quarter. The Company sold 5.2 million Macs during the quarter. Apple sold 15.4 million...
Apple announced its Quarter 1 financial results for its fiscal 2012. The company posted record quarterly revenue of $46.33 billion and net profit of $13.06 billion, or $12.87 per diluted share. The Company sold 37.04 million iPhones in the quarter, resulting 128 percent unit growth over the year-ago quarter. Apple sold 15.43 million iPads during the quarter, a 111 percent unit increase over the year-ago quarter. The Company sold 5.2 million Macs during the quarter, a 26 percent unit increase over the year-ago quarter. Apple sold 15.4...
With the Apple quarter’s result is just a day away, Philip Elmer-Dewitt, an analyst compiles his best guess for what the Apple has in the store for Quarter 1 or can also be called as Apple’s holiday quarter. If his prediction is going to be right tomorrow, than we will see the company behind iPods and iPhones first quarter of worth $40 billion – Elmer Dewitt’s numbers coming in at a mind-blowing $42.76 billion. If the numbers hold as it says, Apple could see a quarter almost exactly 50% better than their last record quarter....
Dasient, a Sunnyvale-based internet security firm, on Monday through its company blog announced that it had been acquired by micro-blogging website, Twitter. The purchase deal price was not disclosed in the company’s post. The company was founded in 2008, is the brainchild of Neil Daswani and Shariq Rivzi. “Effective immediately, we will be bringing our technology,...
TRUSTe, the leading privacy management solutions provider, announced that it closed a $15 million Series C Financing Round – led by Baseline Ventures and followed by existing investors Accel Partners, DAG Ventures and Jafco Ventures. The company also announced its plans to expand its product suite to address the exploding global, big data privacy challenges. “TRUSTe...
Netflix, on-demand internet streaming media company share on Monday (ET) are trading lower probably in lieu of its Q4 financial results that are due on Wednesday. The company (trades with the name NFLX) share price this morning is down $2.63, to $97.61 – change in -2.6%. Netflix shares ranks among one of the best result oriented shares for the year. The company is an American provider of on-demand Internet streaming media in the United States, Canada, Latin America and the Caribbean, and flat rate DVD-by-mail in the United States. The...
Intelligent Apps, the company behind myTaxi, the most popular taxi ordering smartphone application with 8,00,000 app-downloads and 7,000 registered taxi drivers has raised 10 million euros from car2go, a subsidiary of Daimler and KfW Bankengruppe. myTaxi has revolutionized the taxi market in less than ten months. For the first time, the customer can order a taxi...
The Walt Disney Shareholders will not see any of the late Steve Jobs’ family members or representative during the upcoming annual meeting scheduled for March to re-elect directors. The family is having the total of 7.7 percent stake or 137.3 million shares, which is the largest media company’s shareholder. Jobs had stayed on Disney’s board until he resigned...
