WebProNews

MySpace Experiencing Ad- Related Revenue Difficulties

The good news, from News Corp's perspective, is that MySpace is continuing to grow.  The bad news is that profiting off social ads is tougher than the corporation had expected.

Yahoo Still Standing After Closing Bell

Ben Franklin might not have agreed, but after Microsoft withdrew its offer, the drop in Yahoo's stock became as certain as death and taxes.  The only surprise was that, after a full day of trading, the drop was more of a dip than a plunge.

Yahoo Has a Short Window To Prove Itself

Yahoo appears to have avoided disaster today with the stock only punished 15 percent or so. It is currently trading at $24.61 per share, down $4.06 from Friday's close. Yahoo shares are still $5.13 higher than their price just before Microsoft's offer three months ago.

GodTube Blessed With $30 Million In Funding

GodTube, a faith-based Christian video sharing site and social network has raised $30 million at a $150 million valuation.The funding comes from GLG Partners, a hedge fund. The site had previously raised $2.5 million from private investors, including Norm Miller of Interstate Batteries, according to paidContent.

Microsoft Is Done Pursuing Yahoo!

Microsoft announced it will not be going forward with its plan to buy Yahoo, after it was clear the two sides could not agree on a price, and Steve Ballmer elected not to risk his entire career on the deal. Here are some links about the news:

comScore Succeeds In First Quarter

Even the worst earnings announcements try to spin things in a positive way; it's necessary to do a little deep-reading to find out what really happened.  comScore's first-quarter earnings just didn't have any bad components, though, and the company's stock is up about 20 percent this morning as a result.

TheStreet's First Quarter Earnings Far From Flawless

TheStreet.com is looking somewhat worse for wear this morning; following its first-quarter earnings report, the company's stock dropped over 15 percent.

Google Board Member Ensnared In Pixar Backdating Probe

Ann Mather, formerly the CFO at Pixar, will face charges from the Securities & Exchange Commission related to their investigation of stock option backdating at the animation company.

Rackspace Seeks $400 Million In IPO

The public offering from the hosting company comes amid the unsettled US economy, but Rackspace believes a Google-like auction will pull in nine figures.

TheStreet.com Acquires A Stake In Geezeo

It's hard to get past Geezeo's name; the personal finance site sounds like an old Italian man.  TheStreet.com, for its part, is largely dominated by lunatic Jim Cramer.  But these oddities need to be set aside for a moment, because TheStreet has acquired a sizable stake in Geezeo.