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Google acquires Meebo (Update)

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Meebo has just posted on their company blog that they’ve been acquired by the big G. While the rumours of the acquisition have been around for a few weeks, with All Things D reporting on the acquisition back in May for $100m, it’s the first time that its been made official, obviously. The final price is also still unknown, but here is the script from the blog post which looks like […]

Facebook in talks to buy Opera for US$1 billion?

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Image: Tom Solari/TECHGEEK.com.au Get ready for another big acquisition from Facebook. The company is rumoured to be discussing with Opera Software to buy the firm, and analysts are saying that a deal could potentially be somewhere in the $1 billion to $1.2 billion range. Why? Analysts are pointing to its deal with Google that makes it the default search provider for Opera Mini and Opera Mobile. And for Opera, it […]

Facebook down nearly 11 percent in day two of trade

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On its second day of trading, Facebook’s stock has closed to finish at $34.03, nearly 11 percent down from where it closed and wiped some $19 billion of its market value. Today was its biggest test after its lead underwriter, Morgan Stanley, decided to stop artificially inflating the price – something it is alleged it has done on Friday to make sure it did not fall below $38. Things managed […]

Inside the Yahoo board’s decision making process over Thompson affair

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An article of the New York Times has revealed how the board of Yahoo came to a decision over its former-CEO Scott Thompson, who lied about having a computer science degree – which then started a proxy fight. The board gave Thompson a chance to explain himself, and implicitly suggested he “should publicly admit it, apologize and offer to resign” – that way, the Board might have stood behind him. […]

Facebook stalls on IPO – $42.05 at open, closes just above $38

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After opening the trading bell at its headquarters at California, and a 30-minute delay pushing its expected 11:00am launch; Social networking website Facebook has officially become a publicly-traded company at 11:30am New York Time (or 1:30am Melbourne Time) at US$42.05 per share. The delay was said to be because of an unexpected surge of retail investors – basically people, not corporations, who buy shares – trying to get their own […]

Facebook is Going Public (and other stuff that you should know)

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Image: Tom Solari/TECHGEEK.com.au Hours before Facebook finally kickstart this entire IPO process in New York, many of you are wondering what the hell is the big fuss? Unless you happen to be into technology, or just happen to work in either the financials or technology industry, you would have simply just heard it was going to go and offer its shares to the market. Well, here’s a bit of a […]

Facebook to change IPO price again, now within $34 and $38

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Image: Tom Solari/TECHGEEK.com.au Facebook is reported to have changed its IPO price – again – before it is set to go public, rumoured to be on Thursday (Friday our time). Multiple sources, including CNBC and AllThingsD are noting that Facebook’s IPO price will be within $34 and $38. The new price will value Facebook between $92 billion and $103 billion. As CNBC tweets: [blackbirdpie url=”https://twitter.com/#!/CNBC/statuses/202182417249861633″] [blackbirdpie url=”https://twitter.com/#!/CNBC/statuses/202182573785497600″] Currently, Facebook plans […]

Yahoo’s CEO Scott Thompson steps down after faking qualifications in CV

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Scott Thompson has left the building (Image: Yahoo) That was one quick tenure, but it had to give. Scott Thompson, appointed just only in January of this year as Yahoo’s CEO, has left the company after it was revealed by an investor (who was threatening to sue) that his claims of holding a Computer Science degree did not exist. Thompson, who jumped from PayPal, is Yahoo’s third CEO in three […]

US Postal Service to stop international shipping of gadgets because of battery fears

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Image: Steve Johnson/Flickr (Creative Commons) The US Postal Service is about to make those who live outside the US that wants an iPad or an Amazon Kindle a bit more expensive after it has decided to ban all international shipments that has lithium ion batteries – which are present in many electronics. This means that those who want to get video cameras, GPS devices, the aforementioned iPad and Kindles, smartphones, […]

Nokia posts €1.3 billion loss for Q1 2012 – transition pains, or problematic carriers?

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Lumia sales have a long way to go before becoming successful Nokia has posted its Q1 2012 financial statements, and it posted a loss. The company noted a €1.3 billion operating loss and a net loss of €590 million. And why is it, well the company sold half as many phones as it did last year. Wait, half? Yes, from 24.2 million smartphones sold the same time at the previous […]

Yahoo show signs of growth, but CEO wields axe – promises 50 sections to be cut

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Yahoo has finally shown signs of growth. No, it’s not the end of the world, as we know it, but the company reported that its revenues grew 1 percent the same time last year – the first since 2008, while its net earnings grew 28 percent. It pretty much met Wall Street analysts expectations – though, admittedly, they were really low to begin with. According to Yahoo, the company saw […]

AOL strikes US$1 billion patent deal with Microsoft

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Microsoft has agreed to buy over 800 patents from AOL, and license the remainder still with the company, in a deal that is worth US$1.056 billion. And since the payment is in cash – this will give AOL a much needed cash injection for its long-term strategy to become a huge online media player. The deal has pretty much stunned analysts as one told BusinessWeek at the end of March […]

Balsillie, two more execs leave RIM after company post loss (again)

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Dismal earnings are sort of typical now since RIM is losing out to Apple, Samsung, and even to Nokia; but also coming with the earnings is news that former co-CEO Jim Balsillie will be leaving the company altogether with his resignation from the company’s board. Balsillie and his other co-CEO, Mike Lazaridis, were essentially pushed out of their roles by stock pressure – with shareholders complaining that they managed to […]

Apple announces US$100bn warchest plan – $2.65 dividend and a $10bn share buyback

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Apple has announced what it will do with its almost US$100 billion ‘war chest’. that it will initiate a dividend at the start of July with a substantial US$2.65 per share – something that will make Microsoft investors a bit envious. In addition, it will announce a share buyback scheme. Yes, this is all financial-related stuff. In the press release, CEO Tim Cook said, “We have used some of our […]

NASDAQ website down by DDOS

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Image: bfishadow/Flickr (Creative Commons) A online hacktivist group has taken down the website of the NASDAQ stock exchange – and at the time of writing, the site remains down. However, the group has said that their servers were not hacked and that trading systems were not affected. “The website wasn’t hacked, nobody got any information. What they did was try to block access for our users,” a spokesperson told Reuters. […]