Yandex Halts Development of Discovery App After Facebook Snips Data Access

Facebook hath spoken, and another social app is on hiatus because of it.
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Facebook’s Platform Policy Explanation Only Raises More Questions

Facebook posts an addendum to its policy for developers building on the platform. But how much is it really saying?
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Klik App Does Mobile Facial Recognition in Real Time

Is taking pictures of your friends on your phone, tagging their names and uploading them just too darn hard?
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Final Tech Stock Tally for 2011: Rout-Roh!

Since I write about tech, I cannot buy its stocks. (Yay for my portfolio!)
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Most Tech Stocks Were Naughty, Some Nice and Only Apple Merry, as Year Ends

Tech investors had better watch out in 2012.
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Google Will Pay Mozilla Almost $300M Per Year in Search Deal, Besting Microsoft and Yahoo

The search giant will pony up close to $1 billion to hipcheck Microsoft’s Bing from the pole position on the Firefox browser.
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News Byte

Yandex Search for “Acquisition” Returns SPB Software

Now that it has inked a deal with Microsoft to become the default search engine on Windows Phone-based handsets in Russia, Yandex is bolstering its mobile technology with an acquisition. The Russian search giant has purchased SPB Software, the mobile software outfit responsible for, among other things, Shell 3D, a popular Android home-screen replacement app. No purchase price was given, though sources put it at about $37 million.

Exclusive: Zynga About to File for IPO

Zynga is poised to file for its initial public offering, according to sources close to the situation, as early as this week, or next week at the latest. The San Francisco-based online gaming company’s valuation in its last round of funding was $10 billion, but it is likely to price itself higher in an offering, given the recent series of strong IPOs for Internet companies.

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Yandex to Debut After Pricing Above Range

Shares of Russian search engine Yandex NV will begin trading Tuesday after its initial public offering was priced Monday night at $25 a share, above its expected range.

News Byte

Russian Search Engine Yandex Files for IPO

As expected, Yandex, the so-called Google of Russia, has filed to go public on NASDAQ. The search company hopes to raise $1 billion, and reported $143 million in net income last year based on revenues of $440 million, almost exclusively from advertising. It had previously planned to go public in 2008.