FairSearch Accuses Google of “Grossly” Exaggerating Contribution to Economy
The FairSearch Coalition released a report today, which it calls “an independent critical analysis of reports released by Google about its purported 2009 and 2010 economic impact in the U.S.” Economist Allen Rosenfeld was commissioned by FairSearch to review Google’s … July 27th, 2011 by Chris Crum
Amazon Earnings Released
Amazon announced its second quarter earnings today, and that includes an increase in sales of 51% (YoY) to $9.91 billion. Not bad. Better than what Wall Street had expected, in fact. The company vaguely suggests that the Kindle has played … July 26th, 2011 by Chris Crum
Netflix Earnings Released
Netflix released its earnings report for the second quarter today, as well as a 75% year-over-year increase in subscribers, having added 1.8 million in the quarter. The company has 25.56 million subscribers globally. As far as the financials, the company … July 25th, 2011 by Chris Crum
Microsoft Posts Record Revenue Thanks to Xbox
Microsoft reported record fourth-quarter revenue for its Fiscal Year Q4 at $17.37 billion for the quarter, up 8% from the same quarter last year. “Throughout fiscal 2011, we delivered to market a strong lineup of products and services which translated … July 22nd, 2011 by admin
Yahoo Earnings Released
Apple wasn’t the only big tech company to release its earnings report today. Yahoo released its report, though technically the company considers itself a media company. Either way, Yahoo revenue, excluding acquisition costs was $1,076 million for the second quarter, down … July 19th, 2011 by Chris Crum
Apple Earnings Released
Apple has just released its earnings report for its fiscal year third quarter, beating most estimates. Apple posted revenue of $28.57 billion for the quarter with a net profit of $7.31 billion. For perspective, for the same quarter last year, … July 19th, 2011 by admin
AAPL Doing Well Ahead of Earnings Report
Apple will release its Fiscal Year Third Quarter earnings report and call this afternoon at 2:00 p.m. PDT/5:00 p.m. EDT. The company will be offering live audio streaming of its conference call, which will be available as a continuous rebroadcast … July 19th, 2011 by admin
Larry Page: Google+ Has Over 10 Million Users (And Other Stats)
Google CEO Larry Page spoke today on the company’s earnings call, following the fresh report for the second quarter, in which Google posted recored quarterly revenues of over $9 billion. On the call, he dropped a few stats: Over 10 … July 14th, 2011 by admin
Google Q2 Earnings Released
Google has released its earnings report for the second quarter. The company posted a record over $9 billion in revenue for the quarter, up 32% from the same period last year. Not too shabby. More precisely, revenues were $9.03 billion … July 14th, 2011 by Chris Crum
Should the Internet be Taxed?
On Friday, a new California state law goes into effect that will tax Internet sales through affiliate advertising. Rather than pay such taxes, online retailers like Amazon will instead shut down their affiliate programs in the state. For Amazon, that … June 30th, 2011 by admin
Pandora Launches IPO, Market Cap: 2.87 Billion
It wasn’t that long ago that Pandora was on the verge of going under thanks to royalty issues, but the company survived and went on to become the premier Internet radio service, giving users free music based on the artists and songs they like. Pandora had its initial public offering today, opening on the New York Stock Exchange under the symbol “P”. The company priced about 14.76... June 15th, 2011 by admin
Pandora Launches IPO, Market Cap: 2.87 Billion
It wasn’t that long ago that Pandora was on the verge of going under thanks to royalty issues, but the company survived and went on to become the premier Internet radio service, giving users free music based on the artists and songs they like. Pandora had its initial public offering today, opening on the New York Stock Exchange under the symbol “P”. The company priced about 14.76... June 15th, 2011 by admin
LinkedIn IPO Prices Value Company at Over $4 Billion
LinkedIn is expected to launch its IPO on Thursday to the tune of 7,840,000 shares of class A common stock. The company said in an SEC filing that it expects shares to sell for $42 – $45. The filing says: LinkedIn Corporation is offering 4,827,804 shares of its Class A common stock and the selling stockholders are offering 3,012,196 shares of Class A common stock. We will not receive any proceeds... May 18th, 2011 by admin
Demand Media Search Data Released Ahead of Earnings Call
Demand Media has its earnings call tomorrow, and many people are no doubt eagerly awaiting what the company has to say. After recently going public, Google rolled out its Panda update in the U.S. which seemed to leave the company in the clear for the most part, but when they launched the update globally and made more tweaks in the U.S. things worked a bit differently. Demand Media’s stock has... May 4th, 2011 by admin
iPhone Sales Drive Massive Revenue and Profit Growth for Apple
Apple released its second-quarter financial results today. This includes a record March quarter driving 83% revenue growth, and 95% profit growth. Second quarter revenue came to $24.67 billion with profit at $5.99 billion ($6.40 per diluted share). For the same period last year, the company reported 13.50 billion revenue and $3.07 billion profit. The company also recorded year-over-year iPhone sales... April 20th, 2011 by admin
