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Local Search Platform Yext Secures $27 Million In Funding Local Search Platform Yext Secures $27 Million In Funding

Yext has secured a new $27 million Series E round of funding. The company says it will use the capital to expand its platform. Yext is in the business of “Amazing Local Search Results,” with its PowerListings product promising to …

HP Job Cuts: Company Announces 27,000 HP Job Cuts: Company Announces 27,000
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HP announced a massive restructuring today, which it says will generate annual savings of $3.0 to $3.5 billion (exiting fiscal year 2014). These savings will be reinvested back into the company, HP says. The restructuring comes at the cost of …

Facebook IPO: Company Raises $16 Billion At $104 Billion Valuation Facebook IPO: Company Raises $16 Billion At $104 Billion Valuation

Facebook announced the IPO this afternoon, offering 421,233,615 shares of its common stock at a price to the public of $38 per share, putting it at about $16 billion, and valuing the company at over $104 billion. Facebook says shares …

Demand Media: Everything Looking Good For eHow After Deleting 600K Articles Demand Media: Everything Looking Good For eHow After Deleting 600K Articles

As previously reported, Demand Media released its Q1 earnings report today, beating estimates. During the company’s last earnings call, the company indicated that eHow had not been impacted by a Google algorithm change since July. It would appear that this …

Demand Media Earnings: $86.2 Million In Revenue Demand Media Earnings: $86.2 Million In Revenue

Demand Media just released its first quarter 2012 results, posting record first quarter revenue and raising 2012 guidance. For the quarter, ended March 31, total revenue was up 8% year-over-year, to $86.2 million CEO Richard Rosenblatt said, ‚ÄúDriven by continued …

Google Earnings: Revenue up 24%, Cost-Per-Click Down 12%, Dividend Announced Google Earnings: Revenue up 24%, Cost-Per-Click Down 12%, Dividend Announced
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Google just released its Q1 earnings report. One of the big concerns about this report (since the last one) is that Google’s mobile business is growing too fast for its mobile ad revenue to keep up with it. Last quarter, …

Google Dividend Provides Two-For-One Stock Split Google Dividend Provides Two-For-One Stock Split

Google released its Q1 earnings report today, and along with it, the company announced that its Board of Directors unanimously approved a stock dividend proposal, which Google says is “designed to preserve the corporate structure that has allowed Google to …

Google Finance Adds TPE, CNSX Realtime Quotes Google Finance Adds TPE, CNSX Realtime Quotes

Google announced the addition of realtime quotes from Canada and Taiwan to Google Finance today. “Here at Google, we get excited by bringing our users relevant information at blazing speeds. So, why would we want to make users wait 15 …

Facebook IPO: Facebook Will Reportedly List As FB On NASDAQ Facebook IPO: Facebook Will Reportedly List As FB On NASDAQ

Word is that Facebook is shooting for a $5 billion IPO in May, and now we know which exchange host it. The New York Times is reporting, citing “people with knowledge of the matter,” that Facebook has chosen NASDAQ for …

Groupon Draws SEC’s Eye, Forks Out $8.5 Million To Settle String Of Lawsuits Groupon Draws SEC’s Eye, Forks Out $8.5 Million To Settle String Of Lawsuits

Late on Friday, Groupon issued a press release revising its earnings report, which was initially released in February. As previously reported, lawyers immediately started seeking complaints against the company. In fact, one press release from law firm Federman & Sherwood …

RIM Earnings Released: Q4 Revenue Down 25%, Full-Year Down 7% RIM Earnings Released: Q4 Revenue Down 25%, Full-Year Down 7%

BlackBerry maker Research In Motion (RIM) just released its fourth quarter and year-end of fiscal 2012 earnings. For Q4, the company reported a 19% drop in revenue from $5.2 billion in the third quarter to $4.2 billion. That’s also down …

Pandora Earnings Released, Estimates Missed Despite 99% YoY Revenue Growth Pandora Earnings Released, Estimates Missed Despite 99% YoY Revenue Growth

Pandora just released its earnings report for Q4 and Fiscal Year 2012 (ending in January), missing analysts’ estimates. Revenue for the year was $274.3 million, up 99% year-over-year. Q4 revenue was $81.3 million, up 71% year-over-year. Listener hours totaled 8.2 …

Overstock.com Releases Fiscal Year And Q4 Earnings Report Overstock.com Releases Fiscal Year And Q4 Earnings Report

Overstock.com released its fiscal year and Q4 earnings report today. The company posted a 3% decrease in revenue year-over-year for 2011. For the fourth quarter, there was a 10% YoY decrease. FY 2011 revenue was $1,054 million vs. $1,090 million …

Consumers’ Financial Lives Becoming More Digital

Cha-ching! In the United States, half of all bill payments made (by households with access to the Internet) are being paid online. Nearly forty percent of mobile banking users have paid a bill using their phone and one out of …

Salesforce Earnings: Company Beats Estimates Salesforce Earnings: Company Beats Estimates

Salesforce released its earnings report for fiscal Q4 and full-year 2011, beating most estimates. Quarterly revenue was $632 Million, up 38% YoY. Full-year revenue was $2.27 Billion, up 37% YoY. “Salesforce.com’s 38% revenue growth in the fourth quarter was a …

Eric Schmidt Reduces His Stake In Google Eric Schmidt Reduces His Stake In Google
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Former Google CEO Eric Schmidt, who now goes by the title Executive Chairman, is reportedly reducing his stake in the company from 2.8% to 2.1% by selling $1.45 billion in stock as part of a trading plan adopted in November. …

Demand Media Earnings: Content/Media Revenue Up 15% YoY Demand Media Earnings: Content/Media Revenue Up 15% YoY

Demand Media just released its fourth quarter and fiscal 2011 financial results, beating analysts’ expectations, but posting a net loss for the year. The loss includes $5.9 million of “accelerated non-cash amortization expense associated with content intangible assets removed from …

LinkedIn Earnings Solid, Q4 Revenue Up 105% LinkedIn Earnings Solid, Q4 Revenue Up 105%

LinkedIn just announced its fourth quarter and 2011 Fiscal Year financial results, and they are solid. The company saw a 105% increase in revenue for the fourth quarter compared to the same period last year. Q4 revenue was $167.7 million, …

Facebook Ads Expected To Grow In 2012 Facebook Ads Expected To Grow In 2012

You probably heard of Facebook’s IPO filing last week. Lots of interesting factoids about the social network company were made public, most of which was built around their financial information. One salient fact: companies seemed not to care how much …

AOL Releases Q4 2011 Earnings AOL Releases Q4 2011 Earnings

AOL released their financial earnings for the fourth quarter of the 2011 financial year this morning and initial reviews seem to be more positive than negative for the media company. It announced that their shares are up $0.23 and revenue …

Facebook IPO: Report Has It At $5 Billion With Room For Growth Facebook IPO: Report Has It At $5 Billion With Room For Growth
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Numerous reports have indicated that Facebook would file its IPO papers on Wednesday. The Wall Street Journal broke the news last week. Today, Reuters is reporting that Facebook will indeed file on Wednesday, and that Facebook is expected to raise …