Some media outlets assume that Apple spurned Google. But it's not so clear cut.
By Marek Fuchs
Apple released a test version of its coming iOS 6 operating system for iPhones and iPads without Google's YouTube app, which has been there from the start and, at least according to some media accounts, left the spurned Google struggling to react. The five-year deal will expire without renewal.
Facebook has struggled to convince Wall Street that it can monetize mobile, but investors are more willing to bet that another recent tech IPO, Kayak Software, can succeed.
Facebook, the giant in social media, is still a midget in mobile. Though the social media giant has asked investors to have confidence that it will come through with a plan to make money from a fast-growing mobile user base – now 540 million users, up from 20 million three years ago – the change in the mix of users has been responsible for a dramatic slowdown in the rate of revenue growth over the past year. COO Sheryl Sandberg told investors last week that the company’s first foray into mobile advertising was bringing in just under $500,000 a day – not enough to prevent investors from hammering the stock. Facebook (FB) shares closed Wednesday at a new low of $20.86 a share, and have fallen 22 percent since reporting second-quarter earnings a week ago.
Mobile could well turn out to be the David that topples the social media Goliath. But another, albeit much smaller, tech IPO asking for a similar show of faith has gotten a vastly different reception. Shares of Kayak Software (KYAK), a travel comparison service, soared on their first day of trading, July 20. After pricing at $26, the stock opened above $30 and closed that first day north of $33. And Kayak remains in the green, up nearly 27% since its IPO.
Turns out, there’s mobile and then there’s mobile for travel.
The tech center in northern California is one of the nation's healthiest employment markets.
Even in the midst of a rocky economy, Silicon Valley is one of the nation's healthiest job markets, according to the latest employment data.
With the major U.S. indices boosted by Friday's better-than-expected jump in July payrolls, there was also good news for the country's technology epicenter in northern California.
Google hopes this deal will generate the return it expects from Google+.
NEW YORK (TheStreet) - One of the things I have always embraced is the idea that the most successful investors are the ones who remain in a state of perpetual worry.
Meaning they are always paying attention while taking nothing for granted. Call it paranoia, but these are the type of investors where due diligence never escapes.
With no new consoles and declining game sales, it's been a double whammy for video game developers.
By Therese Poletti
Like many industries in transition to a more digital, mobile world, video games appear to be caught in a shift away from games played on consoles and PCs.
But the bigger problem is that the staple of the industry -- the video game consoles that drive sales of new games -- are old and in need of an upgrade. Last year, the industry saw sales of physical software sink to its lowest levels since 2007, with sales of $9.3 billion in the U.S., down 8% from $10.1 billion in 2010, according to data from the NPD Group.
So with both issues converging at the same time, the industry is getting hit with a double whammy. Earnings this week from video game developers highlighted some of the shifts, and investors continue to sour on the stocks.
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[BRIEFING.COM] The major averages finished the session on a lower note as the S&P 500 lost 0.4% while the Nasdaq shed 0.1%. The Russell 2000, which paced the retreat on Tuesday and Wednesday, added 0.2%, trimming its December loss to 3.5%.
After spending the first half of the session in a steady retreat, the S&P 500 found technical support in the 1772 area. Upon reaching that level, the index reversed sharply, and marched back to its flat line. There was no particular catalyst ... More
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