Technology News

Yahoo Boardroom Shakeup: 4 Members Gone, Including Chair

Yodel Anecdotal | Yahoo! Inc. Roy Bostock, Yahoo Chairman Yahoo Chairman Roy Bostock and three longtime board members are leaving the troubled Internet company. Bostock is departing along with Vyomesh Joshi, Arthur Kern and Gary Wilson. In a letter released to shareholders Tuesday, Roy Bostock wrote that these departures are voluntarily.  The shake-up continues a [...]

Facebook Governance a Concern for Pension Fund

Facebook’s corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest US investors, the California State Teachers’ Retirement System. Getty Images The pension fund, which has a portfolio valued at around $145 billion, is planning [...]

News Corp.’s The Daily Tablet Publication Struggles

One year ago Rupert Murdoch took the stage at the Guggenheim Museum and with much fanfare introduced a News Corporation publication that, in the words of the Apple executive Eddy Cue, would “redefine the news.” Bebeto Matthews / AP A year later, it has not quite done that. It is not that The Daily, a [...]

Verizon, Coinstar Team Up in Venture to Take on Netflix

Verizon Communications and Coinstar’s Redbox unit have formed a joint venture to provide video services aimed at competing against video rental company Netflix. Shares of Coinstar [CSTR  Loading...      ()   ] rose after news of the venture, which will combine the Redbox DVD rental kiosk business with an Internet video offering from Verizon [...]

Micron Technology CEO Dies in Plane Crash

Source: Micron.com Steve Appleton Micron Technology’s Chief Executive and Chairman Steve Appleton died in a plane crash on Friday, a major loss for the U.S. semiconductor industry. Micron said 51-year old Appleton was killed in a small plane accident in Boise, Idaho, where the U.S. memory chip maker is headquartered, and would provide more details [...]

Cyber Attack Is Top Threat for Olympics: Expert

Terrorists combining a cyber attack with physical violence are the biggest security threat facing the 2012 Olympics, a digital forensics expert told CNBC. Paul Gilham / Getty Images “What we really have to worry about is the blended attack, in other words, someone causing a temporary disruption to the electronic structure, combined with a physical [...]

Facebook to Tap Mobile Ads for Revenue Ahead of IPO

Facebook is set to begin showing advertisements to users on mobile devices within weeks in an effort to tap a new source of revenues before it goes public. Getty Images A sign with the ‘like’ symbol stands in front of the Facebook headquarters in Menlo Park, California. Several people familiar with Facebook’s planning say that [...]

Facebook’s Mission Is to Connect World… Except China

In its much-anticipated IPO filing, Facebook states that its mission is “to make the world more open and connected.” But apparently the efforts to extend that mission to China are at a standstill. Getty Images Facebook founder and CEO Mark Zuckerberg “China is a large potential market for Facebook, but users are generally restricted from [...]

Wisconsin Woman Accused of Selling Fake Facebook Stock

Loic Venance | AFP | Getty Images A Wisconsin woman has been charged with theft over accusations she tried to profit from Facebook‘s much-anticipated plans to go public by selling fake stock in the social media giant. In a criminal complaint on Thursday, prosecutors said Marianne Oleson told acquaintances she obtained $1 million in stock [...]

Facebook States Mission to Connect World… Except China

In its much-anticipated IPO filing, Facebook states that its mission is “to make the world more open and connected.” But apparently the efforts to extend that mission to China are at a standstill. Getty Images Facebook founder and CEO Mark Zuckerberg “China is a large potential market for Facebook, but users are generally restricted from [...]

Facebook Files for an IPO, to Trade Under Symbol ‘FB’

Facebook made its long-awaited filing with the Securities and Exchange Commission for an initial public offering. Justin Sullivan | Getty Images “We often talk about inventions like the printing press and the television,” Zuckerberg said in a letter accompanying the filing. “Today, our society has reached another tipping point.” “Facebook was not originally created to [...]

Why Wait for IPO—You Can Buy Facebook’s Friends Now

Anxious investors not wanting to wait for Facebook’s public debut, which is expected in the second quarter, are buying up shares of companies that stand to benefit from the social-networking giant’s mega-IPO. Justin Sullivan | Getty Images Shares of application makers Zynga [ZNGA  Loading...      ()   ] have rallied 13 percent in 2012 [...]

Is the Facebook IPO the Start of Another Tech Bubble?

The hype surrounding the Facebook IPO, including the “pretty rich” valuation for the social network, is similar to that seen at the height of the dotcom bubble of the late 1990s, an investor told CNBC Wednesday. AP “It reminds me of the huge dotcom bubble and this does seem to be harking back to the [...]

Why Facebook IPO Is a Bonanza for Wall Street

AP Wall Street is about to make $100 million thanks to a once obscure law passed nearly 50 years ago. The law is a 1964 amendment to the Securities Exchange Act of 1934 that requires companies with over $10 million in assets and 500 shareholders to register under the Exchange Act. Since registration carries all [...]

Awaiting Facebook’s IPO – A Look at Its Ad Dominance

As Wall Street eagerly waits to see Facebook’s financial results when it prepares to file for its long-awaited initial public offering possibly as early as Wednesday, ComScore reports that the company continues to grow its dominance in display ads – it has number one market share by far. As Facebook steals market share and makes [...]