September 1, 2012 |
Wall Street investors aren't the only ones feeling the sting of Facebook Inc.'s falling stock: So are some of the country's troubled government pension funds. Public employee retirement funds from around the country took part in the Menlo Park, Calif., social networking juggernaut's May 18 initial public offering and plowed millions of dollars into Facebook stock before its value plunged. Facebook shares continued their decline Friday, falling $1.03, or 5.4%, to a record low of $18.06, or less than half their $38 offering price.
August 29, 2012 |
Have you been wanting to take Google+ to work? Now's your chance. The search giant said Wednesday that it is folding features from Google+ into Google Apps, including Hangouts, the video chat service which can connect up to 10 peeps and can now be turned into a virtual meeting, albeit a small one. Google Apps is the software that Google hawks to companies and competes with Microsoft. Google is a bit of a laggard in social networking, which has already made a grand - - and potentially lucrative -- entrance into the business world.
August 6, 2012 |
LONDON - If gymnast Olga Korbut were competing on the present-day world stage, no doubt there would be fierce debate on such pressing issues like hairstyle and makeup choices. You can just imagine this on Twitter: Aren't Korbut's pigtails untidy? Maybe the hashtags should be #frivilousitems and #lameconcerns. It has gotten truly silly when it comes to the debate about champion teen gymnast Gabby Douglas and her hair. Actually, it had gotten silly on Twitter and Facebook long before the start of the London Olympics.
July 25, 2012 |
— After flopping on Wall Street, Facebook Inc. will get a chance this week to win over investors when it reports quarterly earnings for the first time as a public company. The social networking giant is under intense pressure to show its business model can deliver solid growth and profits for shareholders. The key will be how Facebook, criticized for having a weak mobile strategy, will adapt as its nearly 1 billion users migrate to smartphones and tablets. The Menlo Park company is expected to report Thursday second-quarter earnings of 12 cents a share on $1.1 billion of revenue.
July 18, 2012 |
Sen. Al Franken grilled aFacebook Inc. executive on the company's facial-recognition technology, urging the giant social network to be more upfront about how it is creating "face prints" of its users. Franken, a Minnesota Democrat, said it takes six clicks to reach a page on Facebook that explicitly says that the company is using facial-recognition technology. He held up placards with text from the site at a hearing of the Senate Judiciary Subcommittee on Privacy, Technology and the Law, which he chairs.
July 15, 2012 |
SAN DIEGO - More than 24 hours after arriving in town for Comic-Con International, movie producer Daniel Alter had an admission: He hadn't actually been to the Con. "The truth is that for industry people, there are so many great parties that you don't have to go to the convention center anymore," said Alter, chatting at an exclusive rooftop bar with a drink in his hand and a VIP pass around his neck. Most know Comic-Con as the jampacked geekfest where 130,000 fans wait in long lines to see movie, TV, video game and comic book presentations at the San Diego Convention Center and listen as their favorite stars repeatedly say things like "Without you guys, the show would not exist," as "The Walking Dead's" Andrew Lincoln told the enthusiastic crowd during the panel for the hit AMC television series.
July 14, 2012 |
Traditional disc-based video games and game console sales slid 29% in June, continuing a decline for a seven straight month. U.S. players spent $699.8 million on game discs, consoles and peripherals in June, down from $989.5 million a year earlier, according to estimates released Thursday by NPD Group Inc. Top titles for the month included "Lego Batman 2: DC Super Heroes" from Warner Bros. Interactive and "Tom Clancy's Ghost Recon: Future Soldier," an adventure shooter game from Ubisoft Entertainment.
July 4, 2012 |
Open on: an aerial shot of a dollhouse-sized sports stadium. Cut to: toy trains and buses speed toward the soccer game. Close on: an itsy-bitsy marching band and teeny cheering fans fill the stadium in fast-motion, time-lapse photography. The mini-city featured in this animated sequence seems like an especially intricate and sophisticated architectural model. Or is it? That scene - from a 2011 ESPN commercial - was actually done with a photographic technique called tilt shift.
July 1, 2012 |
The gig: June was a busy month for David Sacks, chief executive of Yammer, which helps companies create private social networks where employees can chat, share documents and work together on projects. First, Sacks rented the Fleur de Lys mansion in Los Angeles and threw himself a lavish "Let him eat cake" Marie Antoinette-themed costume party for his 40th birthday with hundreds of friends including Snoop Dogg. Then just this past week he sold his 4-year-old San Francisco start-up to Microsoft for $1.2 billion in an all-cash deal.
June 27, 2012 |
Mom and Dad, when your teen says, "But everybody's doing it," they're actually telling the truth -- not that that should sway you. Digital communications are an integral part of daily life for an overwhelming majority of American teens, according to findings from Common Sense Media. Indeed, when it comes to networking online, 90 percent of 13- to 17-year-olds have tried some form of social media, with the majority of them hanging out on Facebook, the survey reports.