Tricia Duryee in Commerce on February 1 at 3:40 am PT
Amazon defended its free-spending habits yesterday in a call with analysts, arguing that it continues to see new opportunities and will invest accordingly.
Kara Swisher in Media on November 7, 2011 at 1:43 pm PT
The online social content company did better than expected in the recent quarter, but it still has to prove its model has more lucrative legs.
Ina Fried in Mobile on April 8, 2011 at 6:00 am PT
Research In Motion is testing a new app that simplifies the often painful process of dialing in–and redialing into–a conference call. Now, if they could just do something about that annoying hold music.
Kara Swisher in News on March 14, 2011 at 3:01 pm PT
If you had to pick the hotsy-totsy start-up to win the media darling of South by Southwest award for 2011–following in the precious footsteps of Foursquare and Twitter from years past–it would probably have to be GroupMe.
Here are the co-founders of he group messaging/conference call/locations/photo sharing service enjoying their day in the sun–quite literally, at their free grilled-cheese-and-beer giveaway this weekend in Austin.
Arik Hesseldahl in Enterprise on February 10, 2011 at 7:49 am PT
Cisco shares are down 12 percent following a quarterly earnings report that contained a disappointing outlook for the next two quarters. CEO John Chambers is doing his best to put a brave face on it all, but few are convinced.
Arik Hesseldahl in Enterprise on February 9, 2011 at 5:39 pm PT
No more talk of short term “air pockets” from Cisco CEO John Chambers today. The new phrase is “a period of transition,” and it seems nowhere near over.
Peter Kafka in Media on February 7, 2011 at 5:55 am PT
“I want this to be the last act of my life,” says AOL’s new content boss. CEO Tim Armstrong’s translation: It’s a “multiyear contract”
News Byte
Peter Kafka in Media on February 7, 2011 at 4:22 am PT
Ahead of an investors’ conference call, AOL has laid out its
financial expectations for its
newest acquisition: It thinks the Huffington Post will earn $10 million on sales of “over $50 million” in 2011. It also says it will spend around $20 million on “restructuring charges” due to “cost overlap” stemming from the deal. I.e.:
There are some cuts coming.
Kara Swisher in News on February 6, 2011 at 9:01 pm PT
In a bold and definitive move, AOL is paying $315 million, mostly in cash, to buy the Huffington Post, one of the Web’s most prominent news and opinion sites.
As part of the deal, Huffington Post co-founder Arianna Huffington–who was derided by some when she co-founded the left-leaning site in 2005 with investor and well-known communications exec Kenneth Lerer–will become editor in chief of a new unit that has purview over all of AOL content properties.
The deal was signed just this afternoon.
Ina Fried in Mobile on January 27, 2011 at 5:30 am PT
Ahead of a Feb. 11 investor meeting, Stephen Elop outlines his perception of the company’s strengths and weaknesses and the need to compete against powerful platforms. “The game has changed from battle of devices to war of ecosystems,” Elop said.
