All Posts Tagged Tag: ‘Financial’
Digital Sky Technologies, the Russian investment firm that’s poured hundreds of millions of dollars into Facebook, is preparing to go on the hunt again. Its founding partner and CEO, Yuri Milner, talked this weekend about making additional investments, and also said a little about Facebook’s worth.
Once upon a time, Carl Icahn complained about the way Jerry Yang was running Yahoo and bought a massive number of shares to force him out. Later, Icahn joined Yahoo’s board of directors and gave Carol Bartz his full support. Now, Icahn’s involvement seems almost over, as he’s sold around 7.9 million shares.
Even more than the average individual, Google shareholders seem likely to wind up marking the end of the week by having a few drinks. Google’s stock was below $500 when the closing bell rang today, and the stock actually hasn’t closed lower since October 5th of last year.
You can see the state of things for yourself below. Google closed at $488.52 on October 5th; now, more than seven months later, it’s only a little bit higher at $493.13. Not good.
Newsy is a video news service that analyzes the world’s news coverage, highlighting the key differences in reporting. The company has now closed a $2 million round of funding.
Newsy is already popular with iPad users. "Newsy released its iPad app last week – the app rose to #6 for news in the iTunes’ App Store (currently is #11) and has excellent reviews," Newsy VP Marketing and Community Alexandra Wharton tells WebProNews.
The self-proclaimed "leader in advanced addressable advertising solutions for television" has received financial backing from Google. Google – along with several other organizations – participated in a funding round that won Invidi Technologies over $23 million.
This should bring Google and Invidi much closer together, considering that they’re now supposed to work together on certain unnamed projects. Shishir Mehrotra, Director of Product Management for Google TV Ads and YouTube Ads, has actually joined INVIDI’s board of directors as a result, too.
Google’s practice of channeling its revenues through Ireland is getting the company into trouble yet again. This time, onlookers in Australia have taken note, and although no government officials have become involved, people are definitely unhappy that Google may be shirking its tax obligations.
Two wind farms in North Dakota now enjoy the support of a certain search giant. Google announced this afternoon that it’s invested $38.8 million in the farms, and believe it or not, this may be a move that both environmentalists and investors can get behind.
Yahoo CEO Carol Bartz may have a tough job, but this morning, it’s a rare person who’s arguing that she isn’t well paid for it. A regulatory filing has revealed that Bartz received $47.2 million in compensation for 2009.
A number of different figures contributed to that final sum. As you can see below, Bartz collected around $1 million by way of a base salary, $1.5 million in nonequity incentives, and then a whopping $42.1 million in terms of stock and options awards. Along with $2.6 million in "other compensation."
Assuming they haven’t already done so, it wouldn’t be surprising if Baidu’s execs decide to send some thank you notes and fruit baskets to their counterparts at Google. Baidu released its first-quarter earnings report late yesterday, and – due in large part to Google’s recent moves – the last few months went well, and the future looks even brighter.
Sorry, Google fans, but from a financial perspective, the search giant seems to have lost some of its luster. Goldman Sachs hasn’t come close to suggesting that anyone sell their stock – and is in fact still recommending that people buy more – but at the same time, the firm has removed Google from its "Conviction Buy" list.
Microsoft released its earnings report this afternoon, and for better or worse, seemed to follow a pattern established by Google, Yahoo, and eBay. Which is to say: Microsoft beat analysts’ estimates, but is getting roughed up in after-hours trading.
eBay has released its first-quarter earnings report, and there’s good news for the company’s fans: it beat most analysts’ estimates. The bad news for fans (and especially shareholders) is that eBay’s stock has nonetheless fallen 8.14 percent in after-hours trading, possibly due to a weak forecast.
Yahoo’s first-quarter earnings report is out, and it looks like the company got off to a decent start this year. Most of Yahoo’s key financial stats either measured up to or exceeded analysts’ estimates, and the company’s stock hasn’t plummeted in after-hours trading.
To be clear: Yahoo reported $1.13 billion in revenue, while analysts thought it would bring in more like $1.17 billion. And Yahoo’s stock is down 2.50 percent at the moment.
Apple has posted its financial results for Q2 (ending March 27). These include revenue of $13.50 billion and net quarterly profit of $3.07 billion (or $3.33 per diluted share). As a comparison, for the same quarter last year, the company posted $9.08 billion and net quarterly profit of $1.62 billion, (or $1.79 per diluted share).
Although shareholders didn’t respond too well to Google’s first quarter earnings report – Google’s stock dipped afterward, and is now down 5.80 percent – analysts generally liked what they saw. A roundup determined that four brokerages raised their price targets, while just two cut them.
Google’s announced its financial results for the first quarter of 2010, and as usual, the search giant hit most of the targets analysts had established for it. Investors have not taken the news well, however, sending Google’s stock down 4.51 so far percent in after-hours trading.
News International, News Corp’s British newspaper unit said today it will begin charging readers for access to the websites of The Times and Sunday Times of London starting in June.
Both titles will launch new websites in early May, separating their online presence for the first time and replacing the existing, combined site, Times Online. The two new sites will be available for a free trial period to registered customers.
To be a Baidu shareholder must be a wonderful thing. The Chinese company’s stock went up yet again today and was at $608.50 when the closing bell rang, making this the first time it’s ever ended a trading day above $600.
Here are a couple other numbers sure to make other investors jealous: shares of Baidu actually gained 2.29 percent today, which represents a significant increase, not a symbolic tic. Also, since January 12th (the day Google announced its "new approach to China"), shares are up a whopping 51.91 percent.
Since Google announced its "new approach to China" on January 12th, the Dow’s gone up 1.20 percent and the Nasdaq’s risen 3.52 percent. Google’s stock, meanwhile, has fallen 7.41 percent. But one financial analyst stated today that there’s no need to panic if Google pulls out of China.
Although this turned out to be a pretty "meh" day for the stock market as a whole – the Dow and S&P 500 slipped a little bit, while the Nasdaq didn’t gain much – Yahoo investors should be feeling pleased. Yahoo’s stock rose by a significant amount as an analyst rated it "market outperform," up from "market perform."
An important, if not surprising, item: Another Google/YouTube exec has voiced his opinion that YouTube will be profitable this year. More interestingly, an outside analyst has done the same, and also forecast a gross revenue figure of almost $1 billion.
Patrick Pichette joined Google as its CFO on August 12, 2008, and since then, he’s seen the company through both good times (a stock price of $620 per share) and bad (try $262). So Google fans should find it comforting that Pichette, with his range of experience, has said the company’s doing quite well again.
Online video website Veoh has announced it will be shutting down and filing for bankruptcy.
Veoh launched in 2005 and its backers included Shelter Capital, Spark Capital, Michael Eisner’s Tornante Company, Goldman Sachs, Time Warner, Intel Capital, Adobe, Gordon Crawford, Firefly3 and Jonnathan Dolgen. Those backers supported Veoh with $70 million in investments.
Twitter’s at last found someone to be its chief financial officer, and the man appears to be more than qualified for the position. Ali Rowghani actually comes to Twitter from Pixar, where he also held the title of CFO.
Pixar is, of course, the popular animation studio responsible for movies like Toy Story, The Incredibles, and WALL-E. Disney bought it in 2006 for $7.4 billion, and Rowghani was present at the time, having started at Pixar in 2001.
AOL has announced it Q4 earnings, which show how the company performed during its final days as part of Time Warner, as well as the beginning of its transition to the current incarnation.
The odds of Google leaving China appear to have been raised today. Two financial experts made positive comments about Baidu, and while neither issued any carved-in-stone predictions about its competitor departing, investors are now buying more shares of the Chinese company’s stock.
Don’t be shocked if one or more shrines to Windows 7 are erected in Redmond today. Microsoft released its quarterly earnings report this afternoon, and thanks in large part to the new operating system, the company’s numbers look quite good.
Amazon.com today reported strong fourth quarter profits that beat Wall Street analyst’s estimates.
The online retailer said its net income increased 71 percent to $384 million in the fourth quarter, or 85 cents per share, compared with $225 million, or 52 cents per share in the fourth quarter of 2008.
Net sales increased 42 percent to $9.5 billion in the fourth quarter, compared with $ 6.7 billion in the fourth quarter of 2008.
Yahoo’s fourth quarter earnings report has been released, and it seems that people who were preparing for some sort of drastic response – whether it would’ve involved either pitchforks or confetti – will have to wait for another day. Although the confetti folks might win out, as Yahoo did all right, more or less in line with estimates.
Believe it or not, the stock market’s not looking too terrible these days; the Nasdaq’s risen almost 12.5 percent in the last six months, and just shy of 50.0 percent in the last year. Still, it seems that Facebook absolutely will not go public in 2010.
Sergey Brin and Larry Page are going to become much closer to their financial advisors over the next five years. Google disclosed in a regulatory filing late last week that the cofounders each intend to sell about 5 million shares of the company’s stock during that period of time.
Google’s latest earnings report is out, and the search giant did well during the fourth quarter of 2009, beating analysts’ expectations. The unfortunate thing (at least for shareholders) is that a lot of people must have wanted it to do better still, because the stock has taken a bit of a plunge in after-hours trading.
eBay has reported its financial results for the fourth quarter, and with revenue for the quarter at $2.4 billion, up 16% from the same period in 2008. That includes revenue of $112.0 million from Skype for the period that eBay fully owned it. Excluding Skype from the fourth quarter of 2008 and the fourth quarter of 2009, revenue growth would have been 19%.
Yahoo has made some improvements to its Finance Search interface. Yahoo Finance Search is now including results from the web, and can uncover details on companies and executives, find info on private companies, and help determine what companies are associated with topics, Yahoo says.
Every page of Yahoo Finance has a link that says "Finance Search". Users can simply click this to search or browse a list of the day’s popular finance searches.
In a financial sense, Google’s acquisition of YouTube has never made a lot of sense; the site, which sold for $1.65 billion, hasn’t even turned a profit on a quarter-to-quarter basis yet. But according to a prominent analyst, that’s about to change.
Reactions to Google’s announcement about a possible withdrawal from China have been mixed so far; there have been objections from individuals who think its absence will deprive the Chinese people of information, while others approve of what they consider a moral stand. But Baidu’s investors probably aren’t too conflicted, as the company’s stock imitated a bottle rocket today.
Once upon a time, Google was a company that specialized in search and advertising. Now, it’s tossing out advanced mobile phones and requesting the right to buy and sell energy. Still, several financial analysts think these not-entirely-conventional moves are a good idea.
Answers service ChaCha announced today that it has closed a $7 million E round of funding. The service lets users go online, call, or text questions on mobile phones and receive answers "within minutes" for free. The service has an iPhone app and lets people ask questions via Twitter as well.
This round of funding might be particularly significant for the company. "We believe this latest round provides ChaCha the cash required to reach profitability," says CEO Scott A. Jones.