With board battles and asset sales in the rear view mirror, Yahoo shareholder activists face a long battle against Facebook.
For Yahoo (YHOO) investors, what a difference a year makes?
There has been a lot of change, but not when it comes to the floundering tech giant's share price.
At this time last year, co-founder Jerry Yang still held a tight grip on Yahoo's board and its digital content transformation, battling with shareholders to retain the company's Asian assets. Yang has since left Yahoo. Last week, amid the lingering management and board reshuffle, Scott Thompson was ousted as CEO. That, in turn, settled a proxy contest with activist fund Third Point, leading up to Yahoo's sale of a 20% stake in Chinese ecommerce giant Alibaba for $7.1 billion on Sunday.
The search giant is rolling out sweeping new changes with its Knowledge Graph, which aims to deliver more intelligent answers to your queries.
Not to be outdone by chief rival Microsoft's (MSFT) Bing, Google (GOOG) is overhauling its search results to move beyond giving users mere information. The new goal is to give users knowledge, which is to say contextualized, more helpful information, and anticipate their next questions. Dubbed Knowledge Graph, the new feature is designed to help users find answers even more quickly and easily. (Microsoft owns and publishes TechBiz, an MSN Money site.)
Here, a concise guide to Google's radical changes.
For all the hype, most retail investors weren’t buying in, and it took some alleged buying on the part of the underwriters to keep the stock from losing on opening day.
By Howard Gold
Facebook's (FB) much-hyped initial public offering started out with lots of hope, but it ended with a thud. The stock barely closed above the offering price of $38 a share -- and only after the underwriters reportedly bought up enough stock to keep it in the plus column.
Why? There were four reasons.
Has Facebook reinvigorated the IPO market? Here are a few tech companies racing to go public -- and what you should know about them.
By Eric Markowitz
On Friday, Facebook (FB) raised a record-setting $18 billion in its IPO, placing its value at a staggering $104 billion. Not bad for a start-up founded just eight years ago in a 19-year-old's dorm room. While the company's IPO has helped plenty of its investors get very rich very fast, it has also set the scene for several other companies to go public.
In the last year, there have been several Silicon Valley darlings to go public; Yelp (YELP), Zillow (Z), Pandora (P), and LinkedIn (LNKD), just to name a few. Facebook's IPO will certainly cast a long shadow against the next wave of tech companies waiting to hit the markets. The question, of course, is whether the IPOs will live up to their hype.
Even though it has never been in the black, the popular scrapbooking site secures $100 million in new financing.
Pinterest, the popular social-media site that allows users to "pin" images from the web on a virtual billboard, has secured $100 million in new financing, a deal that values the company at a cool $1.5 billion. While that's well short of Facebook's (FB) $100 billion value, Pinterest's new investors apparently believe that the site, which has never turned a profit, can transform itself into a money-making machine. Revenue often seems like an afterthought in the tech world these days -- just think of Facebook's $1 billion purchase of the business-model-less photo app Instagram.
Does Pinterest actually have the potential to be a cash cow?
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[BRIEFING.COM] The S&P 500 settled lower by 0.8% after early strength turned into afternoon weakness.
Today's headline event came in the form of Ben Bernanke's testimony before the Joint Economic Committee. During his remarks, Chairman Bernanke said premature tightening of monetary policy could stall the pace of recovery. This followed weeks of conflicting remarks from FOMC members, which sparked speculation regarding possible changes to the Fed's policy course.
However, ... More
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