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BUSINESS
February 21, 2008 | From Reuters
MySpace, the top social networking site owned by News Corp., is in talks to create an online music joint venture with the four biggest record companies, sources familiar with the discussion said Wednesday. The talks are part of Rupert Murdoch's plans to distinguish MySpace, a haven for new music fans, from fast-moving rival Facebook as the premier destination for digital media. Plans for the service, tentatively named MySpace Music, are still in the discussion phase.
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ENTERTAINMENT
July 29, 2007 | David Sarno, Times Staff Writer
BROWSE any Facebook profile set up by a relatively active user and you're likely to hit on a cache of personal information that, until very recently, would've been impossible to get unless you hired a private detective to follow the person for six months.
BUSINESS
March 24, 2009 | TIMES WIRE REPORTS
Netflix Inc. said it had linked with social-networking website Facebook, allowing subscribers of the largest U.S. mail-order movie service to share their film ratings with Facebook friends. Ratings of one to five stars will show on a user's Facebook profile if a Netflix member has enabled the Facebook Connect function, Netflix said. Financial terms weren't disclosed.
BUSINESS
February 26, 2013 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Corporate America's most famous working mother has banned her employees from working at home. Now the backlash is threatening to overshadow the progress she has made turning around Yahoo Inc. Marissa Mayer, one of only a handful of women leading Fortune 500 companies, has become the talk of Twitter and Silicon Valley for her controversial move to end telecommuting at the struggling Internet pioneer. VIDEO DISCUSSION: Is Yahoo's telecommuting ban too severe?
BUSINESS
March 30, 2014 | By Chris O'Brien and Jessica Guynn
SAN FRANCISCO - It's becoming a familiar scene in everybody's favorite city - luxury shuttles with Wi-Fi and plush seats barreling past sluggish, dilapidated city buses crammed with local residents standing elbow to elbow. The nerd convoy, ferrying workers to technology companies in Silicon Valley, has raised the ire of civic activists who see it as a symbol of a divide between the haves and have nots as the region's tech boom has sent housing costs and evictions soaring. But as heated as that backlash has become at times, it has obscured a much broader story that these buses have to tell about changes sweeping across not just San Francisco but also the entire Bay Area.
BUSINESS
January 14, 2014 | By Chris O'Brien, Salvador Rodriguez and Jim Puzzanghera
A federal appeals court swept aside government regulations designed to ensure equal access to the Internet, raising the prospects of higher fees for consumers and more barriers for start-ups seeking to compete online. The decision Tuesday could allow AT&T Inc., Verizon Communications Inc. and other Internet service providers to charge the likes of Netflix and YouTube more money to deliver movies and video to their customers. The ruling also throws into disarray the efforts of the Federal Communications Commission to limit telecom and cable firms from discriminating against certain Internet traffic by slowing speeds, impeding access or raising fees.
BUSINESS
November 13, 2009 | Times Wire Reports
The number of Americans using Twitter dropped 8% in October from September, marking the second monthly decline for the social-networking site this year, according to research firm ComScore Inc. Twitter Inc., the No. 3 social-networking site in the U.S., had 19.2 million users in October, ComScore said. The company had growth of less than 1% in September and declined in August. October's number was still up more than 13-fold from the year-earlier period. The month-to-month drop contrasted with a 2% increase for users of Facebook Inc., the most popular social network.
BUSINESS
May 17, 2012 | By Deborah Netburn
$19.1 billion dollars. That's how much Mark Zuckerberg is worth after Facebook Inc. sold 421.2 million shares valued for $38 each on Thursday. Not bad for a guy who just celebrated his 28th birthday Monday. Zuckerberg, who first showed up on Forbes' billionaires list in 2008 with an estimated net worth of $1.5 billion, is now richer than Google co-founders Sergey Brin and Larry Page, Bloomberg reports. Facebook: Road to IPO However, he's not quite as wealthy as Microsoft founder Bill Gates, who is worth $60.4 billion, or Oracle's Larry Ellison, who is worth $34.2 billion, according to Bloomberg's Billionaires Index . For that matter, Zuckerberg is also worth less than Michael Bloomberg himself, who Forbes estimates is worth $22 billion.
BUSINESS
April 11, 2012 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO — How does a 28-year-old make $400 million in 18 months? With the right idea at the right time in mobile apps for smartphones. Kevin Systrom won the start-up sweepstakes this week when Facebook Inc. said it would pay $1 billion in cash and stock for his photo-sharing app maker, which has a loyal following of 30 million users but never made a dime. Facebook Chief Executive Mark Zuckerberg called Systrom to personally negotiate the deal for the social media giant, which is expected to fetch a valuation of $100 billion as soon as next month when it begins selling shares to the public.
BUSINESS
August 21, 2011 | By Shan Li and David Sarno, Los Angeles Times
Picture this: You stop in front of a digital advertising display at a mall and suddenly an ad pops up touting makeup, followed by one for shoes and then one for butter pecan ice cream. It seems to know you're a woman in your late 20s and, in fact, it does. When you looked at the display, it scanned your facial features and tailored its messages to you. Once the stuff of science fiction and high-tech crime fighting, facial recognition technology has become one of the newest tools in marketing, even though privacy concerns abound.
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