BUSINESS
April 3, 2013 | By Jessica Guynn
SAN FRANCISCO -- Is mobile clicking for Facebook Inc.? Facebook's initial public stock offering in May was dashed after the social network said it wasn't making "any significant revenue" from mobile even though more than half of its users checked the service on mobile devices. With its stock price plunging, Facebook Chief Executive Mark Zuckerberg acknowledged in September: "We've had a bunch of missteps" in mobile. But in the background, Facebook has already powered up the turbo boosters.
BUSINESS
April 3, 2013 | By Jessica Guynn, Los Angeles Times
SAN FRANCISCO - Get ready for the Facebook phone. The company is close to unveiling a smartphone whose software keeps the social network front and center. It is part of an overall strategy to advance Facebook's ambitions to dominate mobile devices the way it has desktop computers. Facebook Inc. has scheduled a news conference Thursday at its Menlo Park, Calif., headquarters to show off an HTC smartphone that operates on software called Facebook Home. The social network's News Feed, messaging, photo uploading and other features will be integrated into the phone, according to reports.
BUSINESS
March 27, 2013 | By Stuart Pfeifer
The prospects of Twitter's highly anticipated initial public offering just got a little brighter. Research firm eMarketer increased its forecast for Twitter's ad revenue this year and said the popular social media company could haul in close to $1 billion in 2014. The upward projection comes as Twitter's mobile advertising skyrockets, eMarketer's report said. Mobile devices will account for about 53% of Twitter's ad revenue this year, eMarketer estimated. By 2015, Twitter is expected to pull in $1.33 billion in worldwide ad revenue, more than 60% of which will come from mobile advertising.
BUSINESS
March 22, 2013 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - The departure of Julius Genachowski as chairman of the Federal Communications Commission has some public interest groups hoping his successor will fight harder for consumers against the growing clout of telecommunications giants. On Friday, Genachowski, a former venture capitalist and technology executive, said he would step down in the coming weeks after nearly four years on the job. He said his biggest accomplishment was focusing the agency on expanding high-speed Internet access.
BUSINESS
March 22, 2013 | By Jessica Guynn and Dawn C. Chmielewski, Los Angeles Times
SAN FRANCISCO - As HBO adapts its television empire to the digital age, it's rolling out the red carpet to Silicon Valley. The pay TV network put on showy "Game of Thrones" season premiere parties this week in Silicon Valley and Seattle, ground zero for the revolution underway in television viewing habits. Digerati turned out by the hundreds to immerse themselves in the fantasy realm of Westeros, some wearing Twitter logo T-shirts, others Google Glass, the Internet giant's yet-to-be-released futuristic eyewear.
BUSINESS
March 20, 2013 | By Salvador Rodriguez
Google has released Keep, a convenient note-taking app for Android smartphone and tablet users. The app, which is available now on Google Play , is designed to make it easy for users to take notes and sync them across their mobile devices and on the Web with Google Drive, the company's service for storing files in the cloud. "With Keep you can quickly jot ideas down when you think of them and even include checklists and photos to keep track of what's important to you," Google said in a blog post Wednesday announcing the app. "Your notes are safely stored in Google Drive and synced to all your devices so you can always have them at hand.