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	<title>AllThingsD &#187; Yelp</title>
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		  <title>All Things Digital</title>
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		<title>Facebook IPO Halo Boosts Social Media Stocks</title>
		<link>http://allthingsd.com/20120517/facebook-ipo-halo-boosts-social-media-stocks/</link>
		<comments>http://allthingsd.com/20120517/facebook-ipo-halo-boosts-social-media-stocks/#comments</comments>
		<pubDate>Thu, 17 May 2012 10:03:43 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Arvind Bhatia]]></category>
		<category><![CDATA[Eric Jackson]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[GreenCrest Capital]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[LinkedIn]]></category>
		<category><![CDATA[Max Wolff]]></category>
		<category><![CDATA[Pandora]]></category>
		<category><![CDATA[social media]]></category>
		<category><![CDATA[Yelp]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=209200</guid>
		<description><![CDATA[Facebook's imminent IPO might mint a mess of millionaires in Silicon Valley come Friday -- but in the meantime, it seems to be driving wealth in a few newly public Internet companies, as well.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2012/05/facebook-halo.jpg"><img src="http://allthingsd.com/files/2012/05/facebook-halo-380x285.jpg" alt="" title="facebook-halo" width="380" height="285" class="alignright size-medium wp-image-209201" /></a></p>
<p>Facebook&#8217;s imminent IPO might mint a mess of millionaires in Silicon Valley by Friday, but in the meantime, it&#8217;s driving wealth in a few newly public Internet companies, as well.</p>
<p>With the social networking company&#8217;s offering reportedly oversubscribed, some investors are looking for ancillary ways to profit from it, and seem to be turning to Facebook&#8217;s already public social networking peers.</p>
<p>As Arvind Bhatia, a financial analyst who covers Facebook for Sterne Agee, observed: &#8220;I do sense some &#8216;temporary&#8217; momentum for these related social media stocks.&#8221;</p>
<p>Consider: Shares of LinkedIn, Zynga, Pandora, and Yelp have all been trading up in advance of Facebook&#8217;s IPO. On Wednesday, LinkedIn closed at $113.49; on May 1, it was trading around $106. Pandora shares ended Wednesday at $11.37, having closed at $8.56 on May 1. More recently, shares in Yelp &#8212; which had been slipping lower in value &#8212; saw a sudden uptick around May 11.</p>
<p>It&#8217;s the same thing with Zynga, which accounts for about 15 percent of Facebook&#8217;s revenue. While its stock has been down 25 percent in the last month, it&#8217;s been up 2.75 percent in the last five days.</p>
<p>Also on the upswing: RenRen, the so called &#8220;Facebook of China,&#8221; whose shares were up more than 7 percent Tuesday.</p>
<p>You could add Groupon to this list, as well &#8212; although much of the recent upswing in its share price is likely due to <a href="http://allthingsd.com/20120514/groupon-post-earnings-that-top-earlier-estimates/">the company&#8217;s strong first-quarter results</a> that beat Wall Street expectations.</p>
<p><a href="http://allthingsd.com/files/2012/05/Social_media_stocks.jpg"><img src="http://allthingsd.com/files/2012/05/Social_media_stocks-640x245.jpg" alt="" title="Social_media_stocks" width="640" height="245" class="aligncenter size-large wp-image-209204" /></a></p>
<p>Coincidence? Hardly.</p>
<p>More likely, these stocks are all benefiting from the halo of interest surrounding Facebook&#8217;s IPO, an offering that may well prove to be the biggest-ever in the Internet space. Investor drive for a piece of Facebook is becoming the drive for a piece of a company <em>like</em> Facebook or, better yet, one that might be acquired by it.</p>
<p>&#8220;LinkedIn, Zynga, Pandora, Yelp &#8230; these are all potential acquisition bait for Facebook,&#8221;  Ironfire Capital founder Eric Jackson told <strong>AllThingsD</strong>. &#8220;If Facebook is going to trade at a premium &#8212; like $150 billion to $200 billion, why not buy the fish and the bait, too?&#8221;</p>
<p>But this is all pre-IPO chatter. What happens on Friday, and the Monday following &#8212; and in the months to come &#8212; will provide a hard-and-fast answer to the question of whether the Facebook halo has any true longevity.</p>
<p>If Facebook&#8217;s IPO delivers the gains investors expect, sentiment toward the social media stocks may well continue to improve, making the decision to &#8220;buy bait&#8221; the past few days a wise one indeed.</p>
<p>Said GreenCrest Capital analyst Max Wolff: &#8220;By Friday mid-morning Facebook will be the anchor in a sector with several names, a diversity of stories and well over $130 billion in market capitalization.&#8221;</p>
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		<title>Yelp Loss Widens Amid Rising Costs; Revenue Soars</title>
		<link>http://allthingsd.com/20120502/yelp-loss-widens-amid-rising-costs-revenue-soars/</link>
		<comments>http://allthingsd.com/20120502/yelp-loss-widens-amid-rising-costs-revenue-soars/#comments</comments>
		<pubDate>Wed, 02 May 2012 22:10:49 +0000</pubDate>
		<dc:creator>Tess Stynes</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=202756</guid>
		<description><![CDATA[Yelp Inc.'s first-quarter loss widened as the local-business review Web site posted its first quarterly report as a publicly traded company.]]></description>
			<content:encoded><![CDATA[<p>Yelp Inc.&#8217;s first-quarter loss widened as the local-business review Web site posted its first quarterly report as a publicly traded company.</p>
<p>For the year, Yelp projected revenue of $128 million to $132 million, well above recent estimates of analysts polled by Thomson Reuters for $124 million.</p>
<p>For the current quarter, the company forecast revenue of $29 million to $31 million, while analysts expected revenue of $29 million.</p>
<p><a href="http://www.marketwatch.com/story/yelp-loss-widens-amid-rising-costs-revenue-soars-2012-05-02">Read the rest of this post on the original site »</a></p>
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		<title>There’s a Robot in Your Pocket</title>
		<link>http://allthingsd.com/20120502/theres-a-robot-in-your-pocket/</link>
		<comments>http://allthingsd.com/20120502/theres-a-robot-in-your-pocket/#comments</comments>
		<pubDate>Wed, 02 May 2012 21:38:23 +0000</pubDate>
		<dc:creator>Amit Kapur</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[Amit Kapur]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[CitySearch]]></category>
		<category><![CDATA[Foursquare]]></category>
		<category><![CDATA[Foursquare radar]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Gravity]]></category>
		<category><![CDATA[highlight]]></category>
		<category><![CDATA[machine-learning]]></category>
		<category><![CDATA[Myspace]]></category>
		<category><![CDATA[Pandora]]></category>
		<category><![CDATA[personalization]]></category>
		<category><![CDATA[robots]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[Siri]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=202678</guid>
		<description><![CDATA[When I was a kid, I dreamed of someday having my own robot. Today, I’m very excited to see my dream come true because, in fact, there is a robot in each of our pockets.]]></description>
			<content:encoded><![CDATA[<p><img src="http://allthingsd.com/files/2012/05/robots.jpg" alt="" title="robots" width="380" height="285" class="alignright size-full wp-image-202688" />When I was a kid, I dreamed of someday having my own robot. From HAL to R2D2 to KITT, robots were the ultimate technology in my eyes. They could do your chores, order you a pizza, finish your homework, and even warn you when danger was approaching. Today, I’m very excited to see my dream come true because, in fact, there is a robot in each of our pockets.</p>
<p>Let’s begin by drawing the distinction between a tool and a robot. Tools enable us to work more efficiently. Robots do the work for us (in fact, the original word robata means “hard work” in Czech). The vast majority of the Web sites and apps we use today are tools that enable us to work, play and share more efficiently. Over the last few years, through advances in artificial intelligence and data science, Web sites and apps are evolving. There is a new breed of applications focused entirely on working on our behalf. As humans, we constantly seek means to reduce the amount of work needed to reap rewards from a system. While the tools of today allow us to work less, the robots of the future will eliminate much of the work in the first place.</p>
<p>This incredible transformation is happening right before our eyes.</p>
<p><strong>Your Search Robot</strong></p>
<p>A long time ago, we would search for information by painstakingly looking up sources in a card catalog and reading a book. As much of that knowledge moved online, the directory (like Yahoo!) enabled us to browse and find content of interest. In time, the amount of information flowing online overwhelmed the directory &#8212; it would simply require too much work to browse the entire Web. Fortunately, a revolutionary tool, search &#8212; Google, really &#8212; made it very easy to find the documents that contain the answers we&#8217;re looking for. But while search presents us with a huge set of choices, it still takes a lot of work to find the answers.  </p>
<p>Today, a new technology is eliminating that work by acting on our behalf to find the answers and even solve our problems. Siri is an artificial intelligence client that turns our devices into a virtual assistant. It removes the steps between searching for answers and finding them. Have a question about converting metric units? Ask Siri. Need to order your mother flowers? Let Siri handle that. Need to make dinner reservations for your date Friday? Let Siri do the work for you. And we’re just scratching the surface. We possess the vastness of all human knowledge in our pockets, yet much of our usage is limited to Angry Birds. This transformation to intelligent machines means we no longer have to work as hard to apply the knowledge locked in our devices; they’ll do the work for us.</p>
<p><strong>Your Location Robot</strong></p>
<p>In the 20th century, an enormous yellow book was delivered to our doorstep every year. We would heft this behemoth and flip through hundreds of pages to find a local business or restaurant of interest. Eventually, that process gave way to more efficient tools as local information moved online through apps like CitySearch and Yelp. Recently, via the mobile check-in, we can be presented places of interest and people near our current location. This new layer of geographical context is great, but checking in is still work. </p>
<p>Today, ambient location apps like Foursquare, Radar and Highlight are beginning to do that work for us. By passively monitoring our locations, they alert us to interesting people and places around us. Over time, as they learn our preferences, they’ll be able to filter these places and help us discover the best restaurants and people wherever we are. At last, we are within reach of the “Danger, your ex-girlfriend is in the area!” robot.</p>
<p><strong>Your Personal Robot</strong></p>
<p>Not that long ago, the primary way we would discover new media was through browsing a printed newspaper, magazine rack or record store. As this content moved online, it became much more accessible and real-time. As the option pool grows, we have to put in more and more work to find the content that’s interesting to each of us. There are more and better options than we could ever imagine. But it would take an incredible human effort to find all the needles in the growing haystack.</p>
<p>To address this, many Web sites have offered customization tools for users to focus their experience. But manual customization also requires a lot of work, and it usually fails to paint the rich, dynamic picture of who we are and what we like. Fortunately, a solution is emerging from companies like Pandora (and, full disclosure, my own company, Gravity). Using machine learning, these platforms get to know you based on the things you read about, listen to, or share. They can then move way beyond customization by generating adaptive, personalized experiences that bring the best content on any website or app right to the top. It completely shifts the paradigm from you having to search for information to information searching for you. It’s like having a personal robot who thinks just like you do reach across the Web and return the best music, stories, videos, even daily deals everywhere you go. “Welcome back to ESPN, Amit. The surf report in Venice tomorrow is 3-4 feet, and the Lakers are leading by 10 points at the half.”</p>
<p>All of this paints just a small picture of what’s to come. Imagine the applications in fields like education, health care, or personal finance (wouldn’t you love a robot that does your taxes?). As the Internet starts to work for us, it will enrich our lives in ways we can’t even imagine. I, for one, am very excited that my childhood dream of owning my own robot is finally coming true.</p>
<p><em><a href="http://twitter.com/amitk">Amit Kapur</a> is the CEO and co-founder of Gravity, a company that makes the Internet adaptive and personalized. He was formerly the COO of Myspace. As an early Myspace employee, he led the development and growth of Myspace Music and Myspace Mobile. </em></p>
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		<title>Analysts Give Yelp a Lukewarm Review</title>
		<link>http://allthingsd.com/20120411/analysts-give-yelp-a-lukewarm-review/</link>
		<comments>http://allthingsd.com/20120411/analysts-give-yelp-a-lukewarm-review/#comments</comments>
		<pubDate>Wed, 11 Apr 2012 23:20:09 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[analysts]]></category>
		<category><![CDATA[Citi]]></category>
		<category><![CDATA[Goldman Sachs]]></category>
		<category><![CDATA[hold]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Jefferies]]></category>
		<category><![CDATA[Oppenheimer]]></category>
		<category><![CDATA[price target]]></category>
		<category><![CDATA[Reviews]]></category>
		<category><![CDATA[stock price]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=195662</guid>
		<description><![CDATA[Now that Yelp's quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, Forbes writes. But that's because the company's stock price, which has soared 72 percent since last month's IPO, hovers near or above all of the analysts' price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.]]></description>
			<content:encoded><![CDATA[<p>Now that Yelp&#8217;s quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, <a href="http://www.forbes.com/sites/ericsavitz/2012/04/11/yelp-analysts-at-4-bankers-pick-up-coverage-zero-buy-ratings/?partner=yahoofeed">Forbes writes</a>. But that&#8217;s because the company&#8217;s stock price, which has soared 72 percent since last month&#8217;s IPO, hovers near or above all of the analysts&#8217; price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.</p>
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		<title>Retrosift Scans Your Emails for Every (Cringeworthy) Photo You’ve Ever Sent</title>
		<link>http://allthingsd.com/20120330/retrosift-scans-your-emails-for-every-cringeworthy-photo-youve-ever-sent/</link>
		<comments>http://allthingsd.com/20120330/retrosift-scans-your-emails-for-every-cringeworthy-photo-youve-ever-sent/#comments</comments>
		<pubDate>Fri, 30 Mar 2012 15:29:01 +0000</pubDate>
		<dc:creator>Lauren Goode</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Product News]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[Bryan Byrne]]></category>
		<category><![CDATA[email]]></category>
		<category><![CDATA[filter]]></category>
		<category><![CDATA[Gmail]]></category>
		<category><![CDATA[Hotmail]]></category>
		<category><![CDATA[Neil Kumar]]></category>
		<category><![CDATA[old]]></category>
		<category><![CDATA[photo]]></category>
		<category><![CDATA[pictures]]></category>
		<category><![CDATA[Retrosift]]></category>
		<category><![CDATA[Rhett Garber]]></category>
		<category><![CDATA[sort]]></category>
		<category><![CDATA[Yahoo]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=191615</guid>
		<description><![CDATA[A new app that sifts through old photos. Yes, you really wore that.]]></description>
			<content:encoded><![CDATA[<p>Some photos are better left buried. Retrosift is a good reminder of that.</p>
<p><a href="http://allthingsd.com/files/2012/03/Retrosift.png"><img src="http://allthingsd.com/files/2012/03/Retrosift-380x249.png" alt="" title="Retrosift" width="380" height="249" class="alignright size-medium wp-image-191616" /></a></p>
<p>The new online app sifts through all the photos you’ve ever sent via email &#8212; and if your habits were like mine before sharing through mobile apps became the norm, you attached a lot of photos to email &#8212; and organizes them in an album. Photos can be filtered by year or by the name of a person you exchanged photos with.</p>
<p>The app is pretty simple to use: You go to <a href="https://www.retrosift.com/welcome">Retrosift.com</a>, type in your email address and are asked to allow access to the app. Retrosift then begins sifting through your photos, and several minutes later presents them in a timeline. Fond memories and embarrassment ensue. If you&#8217;d like to save or share the pictures, you can send them to Dropbox or Facebook from the app. Retrosift works with Gmail, Hotmail, Yahoo and AOL mail accounts. </p>
<p>And since giving third-party apps access to email is cringeworthy in itself to some people, users can then disallow access to the app once their photos have been dug up. (For example, in Gmail, you can go to Authorizing Applications &#038; Sites under the My Account area in Gmail, and revoke access.)</p>
<p>Retrosift does come at a small cost: The company is charging a one-time fee of five dollars for three months of access to the photo timeline. It&#8217;s not an auto-subscription, so once the three months are up, you lose access to the Retrosift timeline. Of course, the photos are all still there in your email inbox; you&#8217;ll just have to dig to find them yourself, assuming you actually want to do that.</p>
<p>Retrosift was created by three former Yelp employees, Bryan Byrne, Rhett Garber and Neil Kumar, who came up with the idea when Byrne&#8217;s mother was trying to find an email containing a photo of one of her granddaughters, born three years earlier. Byrne says the trio doesn&#8217;t know yet how they plan to build out their company &#8212; or if that&#8217;s even related to the Retrosift app &#8212; and for now, they&#8217;re just looking to build a fun app.</p>
<p>&#8220;Rather than just talk about vaporware and bigger visions, we said, let’s just build a utility that&#8217;s good, and then focus on the big picture,&#8221; Bryne says.</p>
<p>Photo-sharing site Flickr also has a tool that allows people to upload images from their email accounts. Pixable is a mobile and Web app that sorts through your Facebook photos for you, presenting them on a Pinterest-like board and emailing you the top photos of the day from your Facebook network. And lots of other mobile apps now aim to search and sort through the many apps on your mobile phone, including <a href="http://itunes.apple.com/us/app/photocal-sorting-photos-by/id474145607?mt=8">PhotoCal</a>, <a href="http://itunes.apple.com/us/app/photo-sort-organize-your-photos/id349041242?mt=8">Photo-Sort</a> and <a href="http://www.sortshots.com/android/">Sortshots</a>. <a href="http://uncorkedstudios.com/2011/02/27/mac-store-app-review-dupezap/">Other apps </a>aim to zap your duplicate photo files. </p>
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		<title>Will CafePress Impress Wall Street in Its Public Market Debut?</title>
		<link>http://allthingsd.com/20120328/will-cafepress-impress-wall-street-in-its-public-market-debut/</link>
		<comments>http://allthingsd.com/20120328/will-cafepress-impress-wall-street-in-its-public-market-debut/#comments</comments>
		<pubDate>Wed, 28 Mar 2012 22:30:00 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Angie's List]]></category>
		<category><![CDATA[CafePress]]></category>
		<category><![CDATA[Cowen and Co.]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[initial public offering]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[J.P. Morgan Chase]]></category>
		<category><![CDATA[Janney Montgomery Scott]]></category>
		<category><![CDATA[Jefferies & Co.]]></category>
		<category><![CDATA[market capitalization]]></category>
		<category><![CDATA[Nasdaq]]></category>
		<category><![CDATA[PRSS]]></category>
		<category><![CDATA[Raymond James]]></category>
		<category><![CDATA[valuation]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=190936</guid>
		<description><![CDATA[CafePress, which can print just about anything on a mug, poster or T-shirt, is now trying to print money.]]></description>
			<content:encoded><![CDATA[<p>CafePress, which can print just about anything on a mug, poster, iPhone case or T-shirt, is now trying to print money.</p>
<p><img class="alignright size-full wp-image-85702" title="cafepress_1" src="http://allthingsd.com/files/2011/06/cafepress_1.jpg" alt="" width="380" height="285" />The San Mateo, Calif.-based company is looking to raise up to $80 million, for a market valuation of up to $305.6 million.</p>
<p>The company should price tonight at $16 to $18 apiece and start trading tomorrow on Nasdaq under the symbol PRSS.</p>
<p><strong>UPDATE:</strong> This evening, CafePress announced that it priced above the range at $19 a share. It plans to sell 2.5 million shares, and shareholders are looking to unload another two million.</p>
<p>CafePress is the latest consumer-facing technology company to raise money in the public markets. Other recent IPOs falling into this category range from Groupon to Angie&#8217;s List and Yelp.</p>
<p>The two most recent, Angie&#8217;s List and Yelp, have both performed well.</p>
<p>Angie&#8217;s List, which aggregates consumer reviews of service providers, debuted in November at $13 a share and is now trading at $19.91 a share. Yelp, which also aggregates reviews of restaurants and other local businesses, has done even better. After pricing earlier this month at $15 a share, it now trades at $28.10 a share.</p>
<p>Before it pays underwriters, CafePress&#8217;s share of the proceeds will fall between $40 million and $45 million.</p>
<p>In 2011, the company recorded a profit of $3.6 million on revenues of $175 million. Last year, it had 2.7 million customers with an average order of $50 each. A year earlier, it had 2.1 million customers with an average order of $48.</p>
<p>Underwriters include J.P. Morgan, Cowen and Company, Raymond James, Janney Montgomery Scott, and Jefferies.</p>
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		<title>Yelp Soars in Debut</title>
		<link>http://allthingsd.com/20120302/yelp-soars-in-debut/</link>
		<comments>http://allthingsd.com/20120302/yelp-soars-in-debut/#comments</comments>
		<pubDate>Fri, 02 Mar 2012 22:02:12 +0000</pubDate>
		<dc:creator>Lynn Cowan</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[initial public offering]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Lynn Cowan]]></category>
		<category><![CDATA[stock]]></category>
		<category><![CDATA[The Wall Street Journal]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=180122</guid>
		<description><![CDATA[Business reviews site Yelp Inc. got its own five-star review from investors Friday as shares in its initial public offering rose 64 percent.]]></description>
			<content:encoded><![CDATA[<p>Business reviews site Yelp Inc. got its own five-star review from investors Friday as shares in its initial public offering rose 64 percent.</p>
<p>The company&#8217;s stock opened at $22.01 a share on the New York Stock Exchange, up 47 percent from its IPO price of $15, and finished the trading day at $24.58. It sold 7.15 million shares at prices above its expected $12 to $14 range.</p>
<p><a href="http://online.wsj.com/article/SB10001424052970203986604577257193903928040.html">Read the rest of this post on the original site »</a></p>
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		<title>Will Yelp Get Great Reviews From Wall Street Investors in Today's IPO?</title>
		<link>http://allthingsd.com/20120302/will-yelp-get-great-reviews-from-wall-street-investors-in-todays-ipo/</link>
		<comments>http://allthingsd.com/20120302/will-yelp-get-great-reviews-from-wall-street-investors-in-todays-ipo/#comments</comments>
		<pubDate>Fri, 02 Mar 2012 13:53:23 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[General]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[review]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=179936</guid>
		<description><![CDATA[Yet another Web 2.0 company goes public.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120302/will-yelp-get-great-reviews-from-wall-street-investors-in-todays-ipo/yelplogo_616/" rel="attachment wp-att-179938"><img src="http://allthingsd.com/files/2012/03/yelplogo_616-380x209.png" alt="" title="yelplogo_616" width="380" height="209" class="alignright size-medium wp-image-179938" /></a></p>
<p>Yelp, the San Francisco-based reviews site, is poised to go public on the New York Stock Exchange tomorrow, at $15 a share.</p>
<p>That will give the company a $900 million valuation, and allow it to raise almost $125 million.</p>
<p>That&#8217;s a lot of dough for Yelp, which is not yet profitable &#8212; although its 2011 revenues were close to $85 million, up almost 75 percent from the year earlier &#8212; and which is why some are worried the IPO might not reach expectations. Yelp lost $16.7 million in 2011, and $9.6 million in 2010.</p>
<p>Still, the new opening price is above the expected $12 to $14 range. Investors are presumably attracted to Yelp&#8217;s lead position as the place to find the skinny on restaurants, doctors and other services and places.</p>
<p>That added up to 25 million reviews by the end of 2011, according to Yelp&#8217;s filings, with 66 million unique monthly visitors. Yelp was founded in 2004.</p>
<p>Still, Yelp faces intense competition from Google, Facebook and Foursquare, which are all vying for the advertising-driven business.</p>
<p>We&#8217;ll know more soon, of course, and by the end of the day, how investors will judge yet another prominent Web 2.0 company.</p>
<p>Until then, here&#8217;s a <a href="http://allthingsd.com/20100723/yelps-stoppelman-talks-about-geo-location-international-expansion-and-not-google/">video interview with Yelp&#8217;s CEO and co-founder Jeremy Stoppelman</a> in 2010, right after Google tried to buy it (Yahoo also made a run at the company, too):</p>
<p><div class="video-wsj"><object width="640" height="360"><param name="movie" value="http://s.wsj.net/media/swf/microPlayer.swf"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><param name="flashvars" value="videoGUID=FC730C42-071E-4696-A889-B207B64F7C4B&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/"name="microflashPlayer"></param><embed src="http://s.wsj.net/media/swf/microPlayer.swf" bgcolor="#FFFFFF" flashVars="videoGUID={FC730C42-071E-4696-A889-B207B64F7C4B}&playerid=4001&plyMediaEnabled=1&configURL=http://m.wsj.net/video-players/&autoStart=false" base="http://s.wsj.net/media/swf/" name="microflashPlayer" width="640" height="360" seamlesstabbing="false" type="application/x-shockwave-flash" swLiveConnect="true" pluginspage="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"></embed><br />[ See post to watch video ]</div></object></p>
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		<title>Tello Raises $2.7M to Help Businesses Get Mobile Feedback</title>
		<link>http://allthingsd.com/20120228/tello-raises-2-7m-to-help-businesses-get-mobile-feedback/</link>
		<comments>http://allthingsd.com/20120228/tello-raises-2-7m-to-help-businesses-get-mobile-feedback/#comments</comments>
		<pubDate>Wed, 29 Feb 2012 05:00:08 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Bullpen Capital]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[start-ups]]></category>
		<category><![CDATA[TalkBin]]></category>
		<category><![CDATA[Tello]]></category>
		<category><![CDATA[True Ventures]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=179115</guid>
		<description><![CDATA[Tello, which helps businesses solicit feedback through iOS and Android apps and text messages rather than just waiting for it to pop up on Twitter or Yelp, has raised $2.7 million in Series A funding from True Ventures and Bullpen Capital. Katie reviewed the consumer version of the Tello product last year. Google bought a similar start-up called Talkbin last year.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.tello.com">Tello</a>, which helps businesses solicit feedback through iOS and Android apps and text messages rather than just waiting for it to pop up on Twitter or Yelp, has raised $2.7 million in Series A funding from True Ventures and Bullpen Capital. Katie <a href="http://allthingsd.com/20110208/tello-customer-service-ratings-review/">reviewed the consumer version</a> of the Tello product last year. Google <a href="http://allthingsd.com/20110425/google-buys-mobile-customer-feedback-start-up/">bought a similar start-up called Talkbin</a> last year. </p>
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		<title>Apple: App Access to Contact Data Will Require Explicit User Permission</title>
		<link>http://allthingsd.com/20120215/apple-app-access-to-contact-data-will-require-explicit-user-permission/</link>
		<comments>http://allthingsd.com/20120215/apple-app-access-to-contact-data-will-require-explicit-user-permission/#comments</comments>
		<pubDate>Wed, 15 Feb 2012 18:33:44 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[General]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[address book]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[application]]></category>
		<category><![CDATA[contact]]></category>
		<category><![CDATA[featured post]]></category>
		<category><![CDATA[Foursquare]]></category>
		<category><![CDATA[iOS]]></category>
		<category><![CDATA[Path]]></category>
		<category><![CDATA[permission]]></category>
		<category><![CDATA[Tom Neumayr]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=174949</guid>
		<description><![CDATA[In the wake of the Path address book flap, Apple says all apps that want access to your data will have to ask nicely.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/files/2012/02/iphone_apps.png"><img src="http://allthingsd.com/files/2012/02/iphone_apps.png" alt="" title="iphone_apps" width="380" height="285" class="alignright size-full wp-image-174972" /></a>After a week of silence, Apple has finally responded to reports that dozens of iOS applications have been accessing, transmitting and storing user contact data without explicit permission. Path was the <a href="http://mclov.in/2012/02/08/path-uploads-your-entire-address-book-to-their-servers.html">first to be flagged for this</a>, and <a href="http://allthingsd.com/20120215/following-path-address-book-uproar-many-apps-clean-up-their-acts/">others, including Twitter, Yelp and Foursquare</a>, have since tidied up the way they ask for address book data. Apple has faced growing criticism that it has given iOS developers far too much access to address book information without requiring a user prompt.</p>
<p>Today, the company agreed with that assessment, and said that soon, apps that use address book data will require explicit user permission to do so.</p>
<p>&#8220;Apps that collect or transmit a user&#8217;s contact data without their prior permission are in violation of our guidelines*,&#8221; Apple spokesman Tom Neumayr told <strong>AllThingsD</strong>. &#8220;We&#8217;re working to make this even better for our customers, and as we have done with location services, any app wishing to access contact data will require explicit user approval in a future software release.&#8221;</p>
<p>So Apple has done the right thing, <a href="http://www.marco.org/2012/02/09/ios-address-book-should-prompt-users">arguably something it should have done long ago</a>: Assure users that no app can read their contact data without their permission.</p>
<p>Apple&#8217;s comment follows, by minutes, an inquiry from Congress, expressing concerns that iOS developers may be accessing and storing user data without proper permission. &#8220;This incident raises questions about whether Apple’s iOS app developer policies and practices may fall short when it comes to protecting the information of iPhone users and their contacts,&#8221; House Energy &#038; Commerce Committee Chairman Henry Waxman and Commerce Manufacturing and Trade Subcommittee Chair G.K. Butterfield said in a letter to Apple CEO Tim Cook. &#8220;How many iOS apps in the U.S. iTunes Store transmit information from the address book? How many of those ask for the user’s consent before transmitting their contacts’ information?&#8221;</p>
<p>The Committee&#8217;s full letter, below:</p>
<blockquote class="memo" style="background: #faf5e5; font-style: normal;"><p>
Mr. Tim Cook<br />
Chief Executive Officer, Apple Inc.<br />
1 Infinite Loop<br />
Cupertino, CA 95014</p>
<p>Dear Mr. Cook:</p>
<p>Last week, independent iOS app developer Arun Thampi blogged about his discovery that the social networking app “Path” was accessing and collecting the contents of his iPhone address book without ever having asked for his consent.[1] The information taken without his permission &#8212; or that of the individual contacts who own that information &#8212; included full names, phone numbers, and email addresses.[2] Following media coverage of Mr. Thampi’s discovery, Path’s Co-Founder and CEO Dave Morin quickly apologized, promised to delete from Path’s servers all data it had taken from its users’ address books, and announced the release of a new version of Path that would prompt users to opt in to sharing their address book contacts.[3]</p>
<p>This incident raises questions about whether Apple’s iOS app developer policies and practices may fall short when it comes to protecting the information of iPhone users and their contacts.</p>
<p>The data management section of your iOS developer website states: “iOS has a comprehensive collection of tools and frameworks for storing, accessing, and sharing data. &#8230; iOS apps even have access to a device’s global data such as contacts in the Address Book, and photos in the Photo Library.”[4] The app store review guidelines section states: “We review every app on the App Store based on a set of technical, content, and design criteria. This review criteria is now available to you in the App Store Review Guidelines.”[5] This same section indicates that the guidelines are available only to registered members of the iOS Developer Program.[6] However, tech blogs following the Path controversy indicate that the iOS App Guidelines require apps to get a user’s permission before “transmit[ting] data about a user”.[7]</p>
<p>In spite of this guidance, claims have been made that “there’s a quiet understanding among many iOS app developers that it is acceptable to send a user’s entire address book, without their permission, to remote servers and then store it for future reference. It’s common practice, and many companies likely have your address book stored in their database.”[8] One blogger claims to have conducted a survey of developers of popular iOS apps and found that 13 of 15 had a “contacts database with millions of records” &#8212; with one claiming to have a database containing “Mark Zuckerberg’s cell phone number, Larry Ellison’s home phone number and Bill Gates’ cell phone number.”[9]</p>
<p>The fact that the previous version of Path was able to gain approval for distribution through the Apple iTunes Store despite taking the contents of users’ address books without their permission suggests that there could be some truth to these claims. To more fully understand and assess these claims, we are requesting that you respond to the following questions:</p>
<p>- Please describe all iOS App Guidelines that concern criteria related to the privacy and security of data that will be accessed or transmitted by an app.</p>
<p>- Please describe how you determine whether an app meets those criteria.</p>
<p>- What data do you consider to be “data about a user” that is subject to the requirement that the app obtain the user’s consent before it is transmitted?</p>
<p>- To the extent not addressed in the response to question 2, please describe how you determine whether an app will transmit “data about a user” and whether the consent requirement has been met.</p>
<p>- How many iOS apps in the U.S. iTunes Store transmit “data about a user”?</p>
<p>- Do you consider the contents of the address book to be “data about a user”?</p>
<p>- Do you consider the contents of the address book to be data of the contact? If not, please explain why not. Please explain how you protect the privacy and security interests of that contact in his or her information.</p>
<p>- How many iOS apps in the U.S. iTunes Store transmit information from the address book? How many of those ask for the user’s consent before transmitting their contacts’ information?</p>
<p>- You have built into your devices the ability to turn off in one place the transmission of location information entirely or on an app-by-app basis. Please explain why you have not done the same for address book information.</p>
<p>Please provide the information requested no later than February 29, 2012. If you have any questions regarding this request, you can contact Felipe Mendoza with the Energy and Commerce Committee Staff at 202-226-3400.</p>
<p>Sincerely,</p>
<p>Henry A. Waxman, Ranking Member</p>
<p>G.K. Butterfield, Ranking Member</p>
<p>Subcommittee on Commerce, Manufacturing, and Trade<br />
</blockquote class="memo" style="background: #faf5e5; font-style: normal;">
<p>*<em>These are the guidline to which Apple refers</em></p>
<p>17.1: Apps cannot transmit data about a user without obtaining the user&#8217;s prior permission and providing the user with access to information about how and where the data will be used</p>
<p>PLA<br />
3.3.9 You and Your Applications may not collect user or device data without prior user consent, and then only to provide a service or function that is directly relevant to the use of the Application, or to serve advertising. You may not use analytics software in Your Application to collect and send device data to a third party.</p>
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		<title>Following Path Address Book Uproar, Many Apps Clean Up Their Acts</title>
		<link>http://allthingsd.com/20120215/following-path-address-book-uproar-many-apps-clean-up-their-acts/</link>
		<comments>http://allthingsd.com/20120215/following-path-address-book-uproar-many-apps-clean-up-their-acts/#comments</comments>
		<pubDate>Wed, 15 Feb 2012 15:18:30 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Foodspotting]]></category>
		<category><![CDATA[Foursquare]]></category>
		<category><![CDATA[hipster]]></category>
		<category><![CDATA[Instagram]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Path]]></category>
		<category><![CDATA[privacy]]></category>
		<category><![CDATA[security]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[VentureBeat]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=174810</guid>
		<description><![CDATA[App makers, including giants like Twitter and Yelp, say they are updating the way they ask for users' permission to share their contacts.]]></description>
			<content:encoded><![CDATA[<p>At first, before apologizing and <a href="https://allthingsd.com/20120208/path-apologizes-for-and-removes-automatic-user-address-book-uploads/">changing</a> the way his app handles users&#8217; personal phone contacts, Path CEO Dave Morin <a href="http://mclov.in/2012/02/08/path-uploads-your-entire-address-book-to-their-servers.html">claimed</a> that Path&#8217;s process was &#8220;currently the industry best practice.&#8221;</p>
<p>That was an overreach, but it&#8217;s certainly true that other social and local apps access user contact data, and not always transparently and securely.</p>
<p>Now app makers, including giants like Twitter and Yelp, say they are updating the way they ask for users&#8217; permission to access their contacts.</p>
<p><a href="http://allthingsd.com/files/2012/02/Oops.png"><img class="alignright size-medium wp-image-174827" title="Oops" src="http://allthingsd.com/files/2012/02/Oops-356x285.png" alt="" width="356" height="285" /></a>Twitter <a href="http://www.latimes.com/business/technology/la-fi-tn-twitter-contacts-20120214,0,5579919.story">told the Los Angeles Times</a> that it plans to change the language in its &#8220;Find Friends&#8221; feature to &#8220;upload your contacts&#8221; for iPhone and &#8220;import your contacts&#8221; for Android. It currently says &#8220;scan your contacts,&#8221; which would seem to imply Twitter doesn&#8217;t store the data &#8212; which it does.</p>
<p>To be clear, Twitter does ask for users&#8217; permission to look at their address books. What it does that might be more questionable is store that contact info for up to 18 months.</p>
<p>The main reason for apps to store phone contact information seems to be to connect users with friends who join the service at a later date.</p>
<p>However, many apps could do more to access and store this data in an encrypted and anonymized way, as multiple developers have pointed out. VentureBeat has a <a href="http://venturebeat.com/2012/02/14/iphone-address-book/">nice discussion</a> of matching &#8220;hashes&#8221; of user contacts.</p>
<p><div id="attachment_174828" class="wp-caption alignleft" style="width: 390px"><a href="http://allthingsd.com/files/2012/02/foodspotting_non_https.png"><img class="size-medium wp-image-174828" title="foodspotting_non_https" src="http://allthingsd.com/files/2012/02/foodspotting_non_https-380x251.png" alt="" width="380" height="251" /></a><p class="wp-caption-text">VentureBeat tracked Foodspotting&#39;s transmission of unencrypted address book data (image via VentureBeat)</p></div></p>
<p>Many developers and app users have also questioned why Apple doesn&#8217;t do more to police contact uploading. <strong>Update 1</strong>: Two U.S. congressmen are <a href="http://www.broadcastingcable.com/article/480593-Waxman_Butterfield_Seek_Info_From_Apple_On_Info_Sharing.php">now asking</a> Apple to explain the situation. <strong>Update 2</strong>: <a href="http://allthingsd.com/20120215/apple-app-access-to-contact-data-will-require-explicit-user-permission/">Apple has finally commented</a>, saying it will require apps to ask for explicit permission in the future. </p>
<p>VentureBeat&#8217;s Jennifer Van Grove spoke with a group of companies that transmit user contacts about their processes after tracking.</p>
<p>Yelp, Foursquare and Instagram have all updated the latest or upcoming versions of their apps with additional permission prompts around asking for users&#8217; phone contacts. The app makers all said they transmit data securely and don&#8217;t store it, but they wanted to be more transparent, in light of what happened with Path.</p>
<p>Other apps are changing more than just a warning message. Foodspotting was transmitting user data over an unencrypted HTTP connection in plain text, as VentureBeat found by using a traffic-monitoring tool. Foodspotting said it would stop doing that in its next app update.</p>
<p>Another social sharing app called Hipster <a href="http://techcrunch.com/2012/02/08/hipster-ceo-also-apologizes-for-address-book-gate-calls-for-application-privacy-summit-guest-post/">admitted</a> last week that it was automatically uploading users&#8217; phone contacts without asking for their permission, though Hipster said it didn&#8217;t store the info.</p>
<p>(Image courtesy of <a href="http://www.flickr.com/photos/ucumari/2609862751/">Flickr user ucumari</a>.)</p>
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		<title>Yahoo Starts Making Wish List, as Asian Deal Huffs to Finish Line and Board Changes Readied</title>
		<link>http://allthingsd.com/20120206/yahoo-starts-making-wish-list-as-asian-deal-huffs-to-finish-line-and-board-changes-readied/</link>
		<comments>http://allthingsd.com/20120206/yahoo-starts-making-wish-list-as-asian-deal-huffs-to-finish-line-and-board-changes-readied/#comments</comments>
		<pubDate>Mon, 06 Feb 2012 13:45:26 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Media]]></category>
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		<category><![CDATA[activist]]></category>
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		<category><![CDATA[Alibaba Group]]></category>
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		<category><![CDATA[Daniel Loeb]]></category>
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		<category><![CDATA[Jack Ma]]></category>
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		<category><![CDATA[Tim Morse]]></category>
		<category><![CDATA[transaction]]></category>
		<category><![CDATA[Weather Channel]]></category>
		<category><![CDATA[WebMD]]></category>
		<category><![CDATA[Yahoo]]></category>
		<category><![CDATA[Yahoo China]]></category>
		<category><![CDATA[Yahoo Japan]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=170888</guid>
		<description><![CDATA[Here's a big, honking update on the Silicon Valley Internet giant's various machinations for you!]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20120206/yahoo-starts-making-wish-list-as-asian-deal-huffs-to-finish-line-and-board-changes-readied/images-17/" rel="attachment wp-att-171612"><img src="http://allthingsd.com/files/2012/02/images.png" alt="" title="images" width="283" height="178" class="alignright size-full wp-image-171612" /></a></p>
<p>Let&#8217;s be clear on the much-awaited Asian deal that Yahoo and its Asian partners have been working on: While it is certainly still moving forward, once signed, it will not actually officially close until next year.</p>
<p>Yes, that&#8217;s right &#8212; <em>2013</em>!</p>
<p>Still, what everyone and his investor is waiting for is the splashy announcement of the agreement, which involves the Silicon Valley Internet giant, China&#8217;s Alibaba Group and SoftBank, a large shareholder in Yahoo Japan.</p>
<p>Yahoo leadership has been hoping that could happen before Feb. 24, an <a href="http://allthingsd.com/20120109/come-west-daniel-loeb-a-silicon-valley-visit-as-as-yahoos-activist-shareholder-mulls-proxy-fight/">important date after which activist shareholder Daniel Loeb</a> could begin to mount a proxy fight against the current board.</p>
<p>And while the definitive agreement &#8212; involving the sale of Yahoo&#8217;s 33 percent stake in Alibaba and 35 percent stake in Yahoo Japan &#8212; has been moving back and forth among the dealmakers, one source said its completion might take a little longer than that, perhaps even into mid-March.</p>
<p>&#8220;It is one of the most complicated cross-border transactions in a long time,&#8221; said one person close to the situation. &#8220;It&#8217;s three different languages, three time zones and three companies that have not always seen eye to eye.&#8221;</p>
<p>It&#8217;s not that the companies don&#8217;t have the top talent on the effort. For Yahoo, it is CFO Tim Morse (who most recently also warmed the CEO seat, until Scott Thompson&#8217;s recent appointment); for Alibaba, it&#8217;s CEO Jack Ma and CFO Joe Tsai; and, for SoftBank, it is top man Masa Son and his top man Ron Fisher.</p>
<p>To make things even more complex, at the same time as the negotiating is going on, the trio also has to pay mind to how the Internal Revenue Service in the U.S. is going to view the whole deal. </p>
<p><a href="http://allthingsd.com/20120206/yahoo-starts-making-wish-list-as-asian-deal-huffs-to-finish-line-and-board-changes-readied/mk-br479a_cashr_d_20120105182116-2/" rel="attachment wp-att-171215"><img src="http://allthingsd.com/files/2012/02/MK-BR479A_CASHR_D_20120105182116.png" alt="" title="MK-BR479A_CASHR_D_20120105182116" width="262" height="396" class="alignleft size-full wp-image-171215" /></a></p>
<p>As you can see here from a <a href="http://online.wsj.com/article/SB10001424052970204331304577143121744990212.html">Wall Street Journal chart</a>, it&#8217;s a pretty complicated &#8220;cash-rich split-off&#8221; to avoid taxes.</p>
<p>While the IRS cannot take an application for a <a href="http://en.wikipedia.org/wiki/Private_letter_ruling">&#8220;private letter ruling&#8221;</a> until it has an actual agreement in hand, and will not issue one on a hypothetical transaction, the agreement still must be crafted so it is most likely to pass muster.</p>
<p>And only then can anyone move on to the many billions of dollars that Yahoo will instruct Alibaba and SoftBank to pay or contribute in kind for the asset part of the arrangement.</p>
<p>As the Journal noted, in more clarity than I ever could: &#8220;A key part of satisfying tax-code requirements is that the company shedding its shares get assets, not just cash, in exchange for them. Cash can&#8217;t account for more than two-thirds of the transferred value, tax rules say. This restriction was adopted in 2005 to limit misuse of the provision.&#8221;</p>
<p>While Yahoo&#8217;s execs have met about the various possibilities, it is more considering now than anything else.</p>
<p>And although a lot of names have been bandied about &#8212; Weather Channel, WebMD, as well as Glam Media and even Digg &#8212; the more likely direction Yahoo will go in will be different, according to many sources.</p>
<p>First, said sources, the key criteria for the purchase will be to diversify revenue streams, a theme Thompson sounded in his <a href="http://allthingsd.com/20120124/so-new-yahoo-ceo-scott-thompson-how-bad-is-it/">first earnings report</a> recently. That could mean more online commerce, perhaps, rather than advertising or media assets.</p>
<p>Second, said sources, international properties might be more valuable to Yahoo than owning more U.S.-based ones, which opens up a range of interesting possibilities.</p>
<p>This could even include some already held by Alibaba, for example, such as garnering a big stake in its publicly-traded Alibaba.com. That property has become a prime candidate for the deal, said several sources, for a number of reasons.</p>
<p>Technically, via Alibaba, Yahoo already owns some of the e-commerce giant, but not directly. Another possibility is to get back the Yahoo China business, also now owned by Alibaba. </p>
<p>Third, U.S. companies that Yahoo might look at could be unusual and even bold. Two names brought up in recent internal meetings, for example, were Netflix (before its stock revived) and Yelp (which is prepping for an IPO, and which Yahoo once tried to buy already).</p>
<p>And if things were not already needlessly complex in fixing its Asia problem, expect a change in the Yahoo board composition, too, as early as this week. </p>
<p>As I previously reported, at least <a href="http://allthingsd.com/20120117/sources-four-more-board-members-will-be-following-yang-out-the-door/">four directors are expected to move on</a>. More to the point, there will also be replacements announced at the same time.</p>
<p>To stave off Loeb and even give him a perceptible win, sources said the company is considering announcing the changes sooner than later, with the hope that fresh new members will placate other shareholders.</p>
<p>Lastly, with Thompson starting to take the reins after a month there, I would also expect he&#8217;ll weigh in on some significant restructuring (his word, not mine!) at Yahoo soon enough, too.</p>
<p>Complicated? Sure is! Perplexing even? And how! But until Asian and board resolutions, the real work of fixing Yahoo can&#8217;t really begin.</p>
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		<title>TripAdvisor CEO Says Wall Street Underestimates Its Value Now That It's Flying Solo</title>
		<link>http://allthingsd.com/20120109/tripadvisor-ceo-says-wall-street-underestimates-its-value-now-that-its-flying-solo/</link>
		<comments>http://allthingsd.com/20120109/tripadvisor-ceo-says-wall-street-underestimates-its-value-now-that-its-flying-solo/#comments</comments>
		<pubDate>Mon, 09 Jan 2012 14:00:59 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[airfare]]></category>
		<category><![CDATA[airlines]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[comScore]]></category>
		<category><![CDATA[expansion]]></category>
		<category><![CDATA[EXPE]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Facebook Connect]]></category>
		<category><![CDATA[geographic expansion]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Google Flights]]></category>
		<category><![CDATA[Google Hotels]]></category>
		<category><![CDATA[Google Places]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[HomeAway]]></category>
		<category><![CDATA[hotel finder]]></category>
		<category><![CDATA[hotels]]></category>
		<category><![CDATA[IAC]]></category>
		<category><![CDATA[international]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[metasearch]]></category>
		<category><![CDATA[mobile applications]]></category>
		<category><![CDATA[online travel agencies]]></category>
		<category><![CDATA[Orbitz]]></category>
		<category><![CDATA[organic growth]]></category>
		<category><![CDATA[Priceline]]></category>
		<category><![CDATA[Reviews]]></category>
		<category><![CDATA[Stephen Kaufer]]></category>
		<category><![CDATA[stock price]]></category>
		<category><![CDATA[travel]]></category>
		<category><![CDATA[travel agency]]></category>
		<category><![CDATA[trip]]></category>
		<category><![CDATA[TripAdvisor]]></category>
		<category><![CDATA[vacation homes]]></category>
		<category><![CDATA[vacation rental]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=161365</guid>
		<description><![CDATA[TripAdvisor's co-founder and CEO Stephen Kaufer talks to AllThingsD about the media company's prospects for growth now that it has broken off from Expedia and is an independently traded company.]]></description>
			<content:encoded><![CDATA[<p>Stephen Kaufer got the idea for TripAdvisor more than a decade ago, after planning a trip to Mexico and having a difficult time knowing which accommodations his family would enjoy most.</p>
<p><img class="alignright size-medium wp-image-155808" title="tripadvisor_opening bell_stephen Kaufer" src="http://allthingsd.com/files/2011/12/tripadvisor_opening-bell_stephen-Kaufer-380x253.png" alt="" width="380" height="253" />As the father of eight kids &#8212; now all between the ages of 12 and 21 &#8212; he knows a thing or two about the importance of finding the perfect place. (Note: Kaufer delicately calls family trips &#8220;adventures,&#8221; while getaways with his wife are &#8220;vacations.&#8221;)</p>
<p>Since then, TripAdvisor has become the online go-to destination for reviews of hotels from Barbados to bed-and-breakfasts in New York City.</p>
<p>In 2004, Kaufer sold the company to IAC for $210 million, setting off a somewhat complicated operating journey. A year later, TripAdvisor spun out of IAC as part of Expedia. It remained a division within the online travel agency until last month, when it broke off into an independent publicly held company.</p>
<p>Today, the Newton, Mass.-based company has 1,100 employees, attracts more than 50 million unique visitors and has published more than 60 million reviews. It trades on the Nasdaq under the ticker symbol &#8220;TRIP,&#8221; while Expedia continues to trade under the symbol &#8220;EXPE.&#8221;</p>
<p>Kaufer talked to <strong>AllThingsD</strong> about being an independently traded company, and about the media company&#8217;s prospects for growth:</p>
<p><strong>AllThingsD: What is it like to be out from under Expedia&#8217;s wing?</strong></p>
<p><strong>Stephen Kaufer</strong>: There was a joke when we were spun out as part of Expedia from IAC. People asked me, &#8220;What&#8217;s your vision for TripAdvisor?&#8221; I would always say, &#8220;I want to be bigger than Expedia,&#8221; and people&#8217;s response always was, &#8220;That&#8217;s what the little brother might say.&#8221;</p>
<p>A year or two ago, we passed Expedia in comScore metrics, and are still experiencing growth. It&#8217;s a free service that&#8217;s valuable. It&#8217;s worldwide. TripAdvisor is in 21 languages, and three-fourths of the traffic comes from outside of the U.S.</p>
<p><strong>Now that you are out from under Expedia, do you have more flexibility on where you send leads that are generated from people reading reviews on TripAdvisor?</strong></p>
<p>Under Expedia, we had no obligation to send traffic to them &#8230; That never happened, and we were allowed to run independently. But at the end of the day, they [competitors] knew their marketing spend was going into Expedia&#8217;s pocket. That&#8217;s the most exciting thing. We are now completely independent. Expedia now owns no stock, so when I talk to Orbitz or Priceline, these folks can now partner with TripAdvisor without any hint of helping to fuel the competitors.</p>
<p><strong>Why the spinoff now?</strong></p>
<p>It was announced back in April, but basically there was a view that there was a class of investors that liked a pure Internet category leader and a fast-growing media company like TripAdvisor, and there&#8217;s another class that appreciates Expedia, which is in the dominant online travel agency position.</p>
<p>We were blurring the two when they were together. It gives Wall Street the opportunity to invest in either, and each company will find its own set of investors.</p>
<p><strong>Do you think Wall Street is correctly valuing TripAdvisor? (The stock failed to <a href="http://allthingsd.com/20111221/tripadvisor-dips-lower-on-first-day-of-trading/">come roaring out of the gate</a>.)</strong></p>
<p>No. But I&#8217;m not complaining. I think Wall Street, over the next couple of quarters, will appreciate how both companies perform as independent companies. The numbers have been a little hidden because they were jumbled together. &#8230; They&#8217;ve never seen TripAdvisor operate independently. They ask, &#8220;What will you do differently? How will things be the same?&#8221; Watch us, and I think you&#8217;ll like what you see.</p>
<p><strong>Will you grow mostly organically, or through M&amp;A?</strong></p>
<p>We have a good track record on acquisition and product innovation.</p>
<p>The last few acquisitions, you saw a focus on our strategic priorities: A mobile company, a social company, two vacation rental companies and a company in China. Our four key investment areas that we called out are vacation rentals, mobile, social and geographic expansion.</p>
<p><strong>In many ways, TripAdvisor was one of the original social networks, where users shared information on their vacations. Now you see Facebook getting into the space with Facebook Connect and other initiatives, too.</strong></p>
<p>Everyone feels like being able to get travel recommendations from their friends is a natural evolution for getting a better recommendation, period.</p>
<p>There&#8217;s a couple of different angles. Some social travel companies are focused on making planning a group trip easier. No site out there has scale and does that well, and we don&#8217;t do that now. Facebook is a great platform to do it on, and it may be interesting to us in the future.</p>
<p>Our focus is leveraging the friend graph on Facebook and our rich content to give someone the experience of seeing recommendations or ratings from friends.</p>
<p>We love the concept, and we are furiously building up our own product offering to make it more valuable. If it&#8217;s not too early to call someone a leader, we are clearly it, because we have the content and the friend graph. We aren&#8217;t a site that&#8217;s based on Facebook, which is an advantage, because you can do anyting you want to do on the Web or the tablet or mobile.</p>
<p><strong>What about Google moving into travel?</strong></p>
<p>They have a couple of different approaches. They have Google Places, which reviews everything; and they have Google Hotels, which is a hotel finder; and then Google Flights, to help you find the best fare.</p>
<p>With Google Places, they still can&#8217;t seem to generate enough high-quality reviews to be useful. They compete with Yelp and us, and I&#8217;ve yet to be concerned. I was concerned about Google Flights &#8212; a lot &#8212; before they launched, but you cannot book through an online travel agent like Expedia &#8212; only directly through the airlines for now.</p>
<p>It&#8217;s an incomplete product, so I still use TripAdvisor flights, or go to Expedia or Orbitz. They get better results, and maybe aren&#8217;t as fast, but more information is still better.</p>
<p>They say they want to include online travel agents, but the airlines won&#8217;t let them. &#8230; Don&#8217;t mistake my tone for being sympathetic to Google on this one.</p>
<p><strong>What about vacation rentals? HomeAway went public last year.</strong></p>
<p>After HomeAway, there&#8217;s not that much.</p>
<p>We agree it&#8217;s a great market, and it deserves to be online. It helps consumers and there&#8217;s a need to bring a trust element into the equation. Folks who have tried it have liked (renting homes), and a whole lot of people haven&#8217;t tried it, because a hotel is all they&#8217;ve ever tried.</p>
<p>If they are reading hotel reviews, but I see that you are trying to stay seven nights in Orlando, I might say, &#8220;Did you know that you might be able to save money and get a private swimming pool?&#8221; They never would have thought of that as an opportunity, but there&#8217;s lots of great opportunities in Orlando and tons of other cities.</p>
<p>HomeAway dominates the category, but there&#8217;s plenty of room for a second, third and fourth.</p>
<p><strong>I&#8217;m surprised that already three-fourths of your traffic comes from outside the U.S.</strong></p>
<p>Yes, and that portion is growing. We have offices all over the globe, and our biggest investment opportunity is in China. We purchased a metasearch site for air, hotel and train in China. We view international growth as a tailwind to the business.</p>
<p><strong>So what&#8217;s your price target for the stock? It&#8217;s currently trading around $25 a share.</strong></p>
<p>I&#8217;m looking at how I can grow the business over the long term, and that&#8217;s why we are making some of these investments. I might be ahead of it, or other folks ahead of me, but I&#8217;m a nuts-and-bolts operator. I like to build stuff, and getting TripAdvisor to the next level of functionality and awareness is my priority &#8212; not the stock price.</p>
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		<title>Microsoft Finally Dumps Deal Provider Now Owned by Google</title>
		<link>http://allthingsd.com/20120106/microsoft-finally-dumps-deal-provider-now-owned-by-google/</link>
		<comments>http://allthingsd.com/20120106/microsoft-finally-dumps-deal-provider-now-owned-by-google/#comments</comments>
		<pubDate>Fri, 06 Jan 2012 20:06:09 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[8coupons]]></category>
		<category><![CDATA[aggregation]]></category>
		<category><![CDATA[AmazonLocal]]></category>
		<category><![CDATA[Bing Deals]]></category>
		<category><![CDATA[coupons]]></category>
		<category><![CDATA[daily deals]]></category>
		<category><![CDATA[Dealmap]]></category>
		<category><![CDATA[GiltCity]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Google Offers]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[LivingSocial]]></category>
		<category><![CDATA[M&A]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[offers]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[Restaurant.com]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=161036</guid>
		<description><![CDATA[Microsoft has inked a new partnership with 8coupons to replace The Dealmap, which had been providing local offers to Bing Deals for about nine months.]]></description>
			<content:encoded><![CDATA[<p>Microsoft has inked a new partnership with <a href="http://www.8coupons.com/">8coupons</a> to replace The Dealmap, which had been providing local offers to Bing Deals <a href="http://allthingsd.com/20110303/bing-adds-daily-deals-to-search-results-through-partnership/">for about nine months</a>.</p>
<p><img class="alignright size-medium wp-image-161074" title="bingdeals" src="http://allthingsd.com/files/2012/01/bingdeals-329x285.png" alt="" width="329" height="285" />The partnership understandably ended once Microsoft&#8217;s big search rival, Google, <a href="http://allthingsd.com/20110801/google-acquires-daily-deal-provider-for-less-than-6-billion-probably/">acquired The Dealmap in August</a>.</p>
<p>&#8220;We can confirm that Bing is no longer partnering with The Dealmap and is now partnering with local and daily deal aggregator 8coupons,&#8221; a Microsoft spokesperson said. &#8220;We’re excited about the partnership with 8coupons and to be able to offer our customers access to great deals and discounts from across the Web &#8212; all in one place.&#8221;</p>
<p>A spokesperson for 8coupons also confirmed the partnership, adding that it started to replace The Dealmap a couple of weeks ago.</p>
<p>Rather than build a Groupon copycat as Google and Amazon have done, Microsoft has decided to partner with an aggregator that collects offers from various providers around the Web. Deals delivered by 8coupons come from Restaurant.com, Yelp, LivingSocial and GiltCity, among many others, as shown <a href="http://www.bing.com/shopping/deals?q=deals&amp;sscope=sdeals&amp;FORM=PGCA">on the Bing Deals homepage</a>.</p>
<p>Google&#8217;s purchase of The Dealmap was relatively small, especially compared to its failed $6 billion offer to buy Groupon. So far, The Dealmap is being used for the underpinnings of a pilot project that Google Offers has rolled out in the Bay Area.</p>
<p>In San Francisco, <a href="http://allthingsd.com/20111027/google-pumps-up-its-groupon-killer-by-adding-more-than-a-dozen-partners/">Google works with more than a dozen deal providers</a> so that it can offer a variety of deals every day. It believes that in order to have relevant offers for all types of consumers, you need a lot of good deals, not just one a day.</p>
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		<title>Yelp, YouTube and 23andMe Co-Founders All Working on New Start-Ups</title>
		<link>http://allthingsd.com/20111216/yelp-youtube-and-23andme-co-founders-all-working-on-new-start-ups/</link>
		<comments>http://allthingsd.com/20111216/yelp-youtube-and-23andme-co-founders-all-working-on-new-start-ups/#comments</comments>
		<pubDate>Fri, 16 Dec 2011 14:00:55 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[23andMe]]></category>
		<category><![CDATA[Curious]]></category>
		<category><![CDATA[fotons]]></category>
		<category><![CDATA[Jawed Karim]]></category>
		<category><![CDATA[Learnirvana]]></category>
		<category><![CDATA[Lentil]]></category>
		<category><![CDATA[Linda Avey]]></category>
		<category><![CDATA[Russel SImmons]]></category>
		<category><![CDATA[start-ups]]></category>
		<category><![CDATA[Yelp]]></category>
		<category><![CDATA[YouTube]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=154490</guid>
		<description><![CDATA[In recent weeks, I've stumbled onto a few fresh new start-ups from the departed co-founders of current influential tech companies.]]></description>
			<content:encoded><![CDATA[<p>In recent weeks, I&#8217;ve stumbled onto a few fresh new start-ups from the departed co-founders of current influential tech companies. None of them are talking yet about what they&#8217;re doing, but I thought I&#8217;d see what I could find out.</p>
<p>For context: In Silicon Valley, you often find fabulously wealthy people going back to the drawing board &#8212; hoping for another strike of genius so they can prove they&#8217;re good instead of lucky. So-called &#8220;serial entrepreneurs&#8221; are an exalted local species, and everyone wants to be one.</p>
<p>Here are some of the latest efforts on that front, all of whom seem worth keeping an eye on:</p>
<p><img class="alignleft size-full wp-image-154514" title="RusselSimmons" src="http://allthingsd.com/files/2011/12/RusselSimmons.png" alt="" width="202" height="106" /></p>
<p><strong>1.</strong> Yelp co-founder Russel Simmons, who <a href="http://techcrunch.com/2010/06/14/russel-simmons-yelp/">left the local reviews giant a year and a half ago</a>, is working on an education project called <a href="http://learnirvana.com/">Learnirvana</a>.</p>
<p>It looks like Learnirvana&#8217;s first product, <a href="http://lentil.cc/learn/">Lentil</a>, just came out. It&#8217;s a Web tutor program that helps users learn the capital cities of the world or to read Japanese through constant quizzing. The interface is simple and unassuming, and had me recognizing some basic kanji within a few minutes.</p>
<p><img class="alignright size-medium wp-image-154513" title="Learnirvana Lentil" src="http://allthingsd.com/files/2011/12/Learnirvana-Lentil-380x155.png" alt="" width="304" height="124" /></p>
<p>A source said Simmons has been dreaming up this kind of product since before Yelp started. Simmons did not respond to requests for comment.</p>
<p>Yelp <a href="http://allthingsd.com/20111117/yelp-looks-to-raise-100-million-in-ipo/">filed to go public</a> last month.</p>
<p><strong>2.</strong> YouTube co-founder Jawed Karim, <a href="http://www.nytimes.com/2006/10/12/technology/12tube.html">who left the company</a> in its early days to finish grad school (but still made <a href="http://www.nytimes.com/2007/02/07/technology/07cnd-google.html">tens of millions of dollars</a> when it sold to Google), has created a travel photography site called <a href="http://fotons.com/">Fotons</a>.</p>
<p>Fotons&#8217; <a href="http://fotons.com/about">&#8220;about&#8221; page</a> says: &#8220;Our mission is to create the best collection of great photos from around the world. With your help we aim to catalogue every notable country, city, building, river, stadium, statue, castle, library, zoo, island, river, cave, volcano &#8212; you name it.&#8221;</p>
<p><img class="size-medium wp-image-154515 alignleft" title="fotonsJawed" src="http://allthingsd.com/files/2011/12/fotonsJawed-380x239.png" alt="" width="380" height="239" /></p>
<p>Users are told that they can only upload photos they have taken themselves, and that each picture must be at least 1,600 pixels wide or tall.</p>
<p>Karim said over email that Fotons &#8220;is in the middle of some big changes.&#8221; In other words, he warned not to look at the current site as a fully baked product. But that doesn&#8217;t mean it&#8217;s not usable now.</p>
<p>(It should also be noted that both Simmons and Karim worked at PayPal in the early days, and as such are part of the &#8220;PayPal Mafia.&#8221;)</p>
<p><strong>3.</strong> Lastly, and perhaps the most vaguely, 23andMe co-founder Linda Avey &#8212; who <a href="http://allthingsd.com/20090904/23andme-co-founder-linda-avey-leaves-start-up-to-focus-on-alzheimers-research/">left in 2009</a> to start a foundation focused on Alzheimer&#8217;s research &#8212; has a new company called Curious.</p>
<p><img class="size-full wp-image-154516 alignright" title="LindaAvey" src="http://allthingsd.com/files/2011/12/LindaAvey.png" alt="" width="242" height="100" /></p>
<p><a href="http://wearecurio.us/">Curious</a> has a only landing page for now, but a source said the company is working on topics around monitoring and sharing personal health information. Avey did not respond to a request for information.</p>
<p>Based on public posts, it seems Curious has three co-founders: Avey; Mitsu Hadeishi, who was previously at DonorsChoose.org; and <a href="http://www.nytimes.com/library/tech/99/07/circuits/articles/22lemo.html">early blogger</a> Heather Anne Halpert.</p>
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		<title>Yext Cleans Up Mess of Business Listings Info</title>
		<link>http://allthingsd.com/20111212/yext-cleans-up-mess-of-business-listings-info/</link>
		<comments>http://allthingsd.com/20111212/yext-cleans-up-mess-of-business-listings-info/#comments</comments>
		<pubDate>Mon, 12 Dec 2011 23:02:17 +0000</pubDate>
		<dc:creator>Arik Hesseldahl</dc:creator>
				<category><![CDATA[Enterprise]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[address]]></category>
		<category><![CDATA[business listings]]></category>
		<category><![CDATA[enterprise]]></category>
		<category><![CDATA[HopStop]]></category>
		<category><![CDATA[location data]]></category>
		<category><![CDATA[powerlistings]]></category>
		<category><![CDATA[Yahoo]]></category>
		<category><![CDATA[Yelp]]></category>
		<category><![CDATA[Yext]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=153033</guid>
		<description><![CDATA[Yext wants to be a one-stop shop for keeping business listings updated across multiple services.]]></description>
			<content:encoded><![CDATA[<p><a href="http://allthingsd.com/20111212/yext-cleans-up-mess-of-business-listings-info/yext-logo/" rel="attachment wp-att-153045"><img src="http://allthingsd.com/files/2011/12/yext-logo.png" alt="" title="yext-logo" width="200" height="86" class="alignright size-full wp-image-153045" /></a>Time was that when you wanted to locate a certain kind of business, you could reliably turn to the Yellow Pages and find a handful of establishments that met the need of the moment. </p>
<p>Now in the age of everything-on-the-Web, that information is usually obscured by multiple listings, and then once you find the right listing it&#8217;s often inaccurate or outdated. Local businesses open and close and expand so quickly that it&#8217;s difficult to keep track, and any two sites listing information on a given business can contradict each other.</p>
<p>A start-up called Yext is out to fix that with a service it calls PowerListings Turbo. The basic idea is this. Say you&#8217;re a sandwich shop in the West Village that wants to get listed on Yelp and HopStop and Yahoo and Superpages and a handful of other sites where hungry customers might be looking for you. You send your info to Yext, including photos and maybe an opening special, and Yext gets your listing on all those sites.</p>
<p>Now fast forward a few months. Say a better location opens up a block away and you jump at the chance to move because it&#8217;s closer to the subway stop. You move. All that listing info is out of date. Don&#8217;t worry. Send Yext the updated info including the new address and within minutes all the listings on all those other sites get updated, too. </p>
<p>CEO Howard Lerman demonstrated it for me last week and said that one in every five searches for business information returns inaccurate data. And the problem gets only further compounded when you&#8217;re a big company with hundreds or thousands of locations. Update a location once with Yext and it&#8217;s taken care of within minutes across whatever other sites it may be listed on.</p>
<p>Yext works with 36 different sites that host business information and so far is the platform behind 35,000 different listings. The New York-based company has been around since 2006 and has investments from Sutter Hill Ventures, Institutional Venture Partners and WGI Investments, and has raised about $39 million in four rounds.</p>
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		<title>Yelp Looks to Raise $100 Million in IPO</title>
		<link>http://allthingsd.com/20111117/yelp-looks-to-raise-100-million-in-ipo/</link>
		<comments>http://allthingsd.com/20111117/yelp-looks-to-raise-100-million-in-ipo/#comments</comments>
		<pubDate>Thu, 17 Nov 2011 20:48:14 +0000</pubDate>
		<dc:creator>Drew Fitzgerald</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[initial public offering]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=145386</guid>
		<description><![CDATA[Online review service Yelp Inc. filed plans to raise up to $100 million through an initial public offering to help the company raise its visibility in the marketplace.]]></description>
			<content:encoded><![CDATA[<p>Online review service Yelp Inc. filed plans to raise up to $100 million through an initial public offering to help the company raise its visibility in the marketplace.</p>
<p>The company, which offers user-generated reviews of businesses through its website and mobile apps, is seeking to float its shares as a wave of similar social-media companies goes public.</p>
<p><a href="http://online.wsj.com/article/SB10001424052970203611404577044412496187308.html">Read the rest of this post on the original site »</a></p>
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		<title>Benchmark Leads Investment in Online Stationery Site Minted</title>
		<link>http://allthingsd.com/20111115/benchmark-leads-investment-in-online-stationary-site-minted/</link>
		<comments>http://allthingsd.com/20111115/benchmark-leads-investment-in-online-stationary-site-minted/#comments</comments>
		<pubDate>Tue, 15 Nov 2011 14:00:24 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Benchmark Capital]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[greeting cards]]></category>
		<category><![CDATA[IDG Ventures]]></category>
		<category><![CDATA[Jeremy Stoppelman]]></category>
		<category><![CDATA[Marissa Mayer]]></category>
		<category><![CDATA[Menlo Ventures]]></category>
		<category><![CDATA[Minted]]></category>
		<category><![CDATA[stationery]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=143949</guid>
		<description><![CDATA[Online stationery store Minted has secured $5.5 million in a second round of venture funding today. The round was led by Peter Fenton of Benchmark Capital, with IDG Ventures and Menlo Ventures, Marissa Mayer of Google and Jeremy Stoppelman of Yelp also participating. The capital will be used for recruiting and for new product lines. Minted is focused on printing custom greeting cards, wedding cards and other paper products, sourced from a community of independent graphic designers.]]></description>
			<content:encoded><![CDATA[<p>Online stationery store <a href="http://www.minted.com/">Minted</a> has secured $5.5 million in a second round of venture funding today. The round was led by Peter Fenton of Benchmark Capital, with IDG Ventures and Menlo Ventures, Marissa Mayer of Google and Jeremy Stoppelman of Yelp also participating. The capital will be used for recruiting and for new product lines. Minted is focused on printing custom greeting cards, wedding cards and other paper products, sourced from a community of independent graphic designers.</p>
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		<title>Angie's List Expected to Go Public as Soon as Thursday</title>
		<link>http://allthingsd.com/20111114/angies-list-expected-to-go-public-as-soon-as-thursday/</link>
		<comments>http://allthingsd.com/20111114/angies-list-expected-to-go-public-as-soon-as-thursday/#comments</comments>
		<pubDate>Mon, 14 Nov 2011 20:18:42 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Angie's List]]></category>
		<category><![CDATA[consumer reviews]]></category>
		<category><![CDATA[IPO]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=143866</guid>
		<description><![CDATA[Angie's List has built a platform for consumers to review all kinds of home improvement services. Now, the company will face its own public scrutiny, starting as soon as Thursday.]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.angieslist.com">Angie&#8217;s List</a> has built a platform for consumers to review all kinds of home improvement services.</p>
<p>Now, the company will face its own public scrutiny, starting as soon as Thursday.</p>
<p><a href="http://gaskinsco.com/linkto-aa-include-iporated-calendar-101.shtml"><img class="alignright size-full wp-image-139545" title="angieslist-logo" src="http://allthingsd.com/files/2011/11/angieslist-logo.png" alt="" width="285" height="60" />According to IPO watchers</a>, the Indianapolis-based firm is one of nine companies that are anticipating going public this week.</p>
<p>Earlier this month, Angie&#8217;s List said <a href="http://allthingsd.com/20111102/angies-list-may-raise-up-to-131-million-in-ipo/">it planned to sell</a> about 8.8 million shares at $11 to $13 apiece to raise as much as $114 million. Including overallotments, that could increase to $131.5 million.</p>
<p>At the high end of its price target, the company will be valued at $722 million, based on 55.6 million outstanding shares after the offering.</p>
<p>The company will trade on the Nasdaq market under the symbol ANGI.</p>
<p>Angie&#8217;s List is similar to Yelp in that consumers use it to review services, ranging from home improvement to physicians. However, you must be a paying member to read the reviews.</p>
<p>The company, which estimates it will bank $66.4 million to $81.1 million in the IPO, will spend the proceeds on advertising strategy to drive membership growth and for general working capital.</p>
<p>Angie&#8217;s List charges $6.80 a month to receive both home and health and wellness reviews, plus an additional $10 sign-up fee. If users sign up for a year or more, the sign-up fee is waived. One year costs $62.40; four years costs $164.80.</p>
<p>Yelp is reportedly working with bankers and <a href="http://online.wsj.com/article/SB10001424052970204190704577026140347386380.html">is moving closer to an IPO next year</a>.</p>
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		<title>Tech Firms Log On to San Francisco's Mayoral Race</title>
		<link>http://allthingsd.com/20111107/tech-firms-log-on-to-san-franciscos-mayoral-race/</link>
		<comments>http://allthingsd.com/20111107/tech-firms-log-on-to-san-franciscos-mayoral-race/#comments</comments>
		<pubDate>Mon, 07 Nov 2011 10:00:49 +0000</pubDate>
		<dc:creator>Vauhini Vara</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Voices]]></category>
		<category><![CDATA[Brian Wilson]]></category>
		<category><![CDATA[Ed Lee]]></category>
		<category><![CDATA[mayoral election]]></category>
		<category><![CDATA[MC Hammer]]></category>
		<category><![CDATA[Salesforce.com]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[The Wall Street Journal]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Vauhini Vara]]></category>
		<category><![CDATA[Yelp]]></category>
		<category><![CDATA[Zynga]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=141116</guid>
		<description><![CDATA[In Tuesday's mayoral election here, 16 candidates will battle in one of the most competitive contests in years. And to influence the race's outcome, Silicon Valley technology players are getting involved in the election to an unprecedented degree.]]></description>
			<content:encoded><![CDATA[<p>In Tuesday&#8217;s mayoral election here, 16 candidates will battle in one of the most competitive contests in years. And to influence the race&#8217;s outcome, Silicon Valley technology players are getting involved in the election to an unprecedented degree.</p>
<p>In the past several weeks, founders of San Francisco-based Salesforce.com Inc., Twitter Inc., Zynga Inc. and Yelp Inc., along with several investors in those companies, have contributed thousands of dollars to try to keep interim mayor Ed Lee in office. They support Mr. Lee&#8217;s policies that have shaved millions of dollars from some Web companies&#8217; tax liabilities in an effort to ensure they remain based in the city.</p>
<p>One high-profile result of their effort is an online video that appeared last month and that has since gone viral. It features San Francisco Giants pitcher Brian Wilson and musician and Bay Area native MC Hammer singing to the latter&#8217;s 1990s hit &#8220;2 Legit 2 Quit,&#8221; with new lyrics that endorse Mr. Lee.</p>
<p><a href="http://online.wsj.com/article/SB10001424052970204621904577014230782933846.html?mod=WSJ_Tech_LEFTTopNews">Read the rest of this post on the original site &#8217;</a></p>
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		<title>Dibs! Obscure Marketplace Company Nabs Former DoubleClick CEO David Rosenblatt.</title>
		<link>http://allthingsd.com/20111103/dibs-obscure-tech-company-nabs-former-doubleclick-ceo-david-rosenblatt/</link>
		<comments>http://allthingsd.com/20111103/dibs-obscure-tech-company-nabs-former-doubleclick-ceo-david-rosenblatt/#comments</comments>
		<pubDate>Thu, 03 Nov 2011 11:00:46 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[1stdibs]]></category>
		<category><![CDATA[benchmark]]></category>
		<category><![CDATA[David Rosenblatt]]></category>
		<category><![CDATA[DoubleClick]]></category>
		<category><![CDATA[e-commerce]]></category>
		<category><![CDATA[eBay]]></category>
		<category><![CDATA[Gilt Groupe]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Group Commerce]]></category>
		<category><![CDATA[home decor]]></category>
		<category><![CDATA[IAC]]></category>
		<category><![CDATA[Industry Moves]]></category>
		<category><![CDATA[Matt Cohler]]></category>
		<category><![CDATA[Michael Bruno]]></category>
		<category><![CDATA[One Kings Lane]]></category>
		<category><![CDATA[OpenTable]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[VC]]></category>
		<category><![CDATA[Yelp]]></category>
		<category><![CDATA[Zillow]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=139653</guid>
		<description><![CDATA[The low profile of online luxury marketplace 1stdibs evaporates today, with the appointment of David Rosenblatt as CEO and an injection of capital from high-profile Silicon Valley venture firm Benchmark.]]></description>
			<content:encoded><![CDATA[<p>David Rosenblatt has been named the CEO of <a href="http://www.1stdibs.com/">1stdibs</a>, the relatively obscure online marketplace known among antique dealers and interior designers looking for one-of-a-kind furniture, art and lighting.</p>
<p><img class="alignright size-full wp-image-139743" title="david rosenblatt" src="http://allthingsd.com/files/2011/11/david-rosenblatt.png" alt="" width="148" height="207" />The former DoubleClick executive, who sold his company to Google for $3.2 billion, had his pick of high-profile jobs, but instead has landed at a company most people probably have never heard of.</p>
<p>You can be sure that between Rosenblatt&#8217;s appointment and an injection of capital from Benchmark, that&#8217;s about to change.</p>
<p>Both Rosenblatt and Benchmark&#8217;s General Partner Matt Cohler will join the company&#8217;s board. Neither 1stdibs nor Cohler would disclose details of the investment.</p>
<p>In an interview, Rosenblatt told me that, unlike DoubleClick, this is not an advertising play.</p>
<p>&#8220;What was exciting to me about DoubleClick was that it was an opportunity to usher an industry into the digital age,&#8221; he said. &#8220;I think we have a comparable opportunity here at 1stdibs in the luxury marketplace. That&#8217;s what gets me excited about it. It&#8217;s not an ads business.&#8221;</p>
<p><img class="alignleft size-medium wp-image-139744" title="1stdibs_homepage_1102_v6" src="http://allthingsd.com/files/2011/11/1stdibs_homepage_1102_v6-235x285.png" alt="" width="235" height="285" />The company&#8217;s obscurity in tech circles did not dissuade Rosenblatt from the opportunity.</p>
<p>&#8220;I have never come across a company that is as unknown among the Internet crowd, but is known as well as it is in its vertical,&#8221; he said.</p>
<p>Rosenblatt quoted from a Bain &amp; Company study to highlight the size of the opportunity. It found that only three percent of luxury spending was spent online as of 2009, even though the market size totaled $257 billion in 2010.</p>
<p>Already, Rosenblatt said, 1stdibs&#8217; gross merchandise volume of goods (the value of goods sold by dealers on the site) was set to exceed $500 million in 2011. He said the average price of each item sold is $5,000, which sets it apart from other luxury players, like One Kings Lane and Gilt Groupe, both of which are focused on offering daily discounts for items.</p>
<p>1stdibs plans to expand into more categories and geographies for growth. It has already gone beyond furnishings to real estate, fashion, fine art and jewelry. The company is a marketplace, so it makes money by charging dealers a listing fee to post items on the site. Currently, it has 1,200 dealers, who sell 6,000 items a month. Because dealers and sellers connect directly, similarly to eBay, 1stdibs does not stock inventory or have to manage warehouses.</p>
<p>Rosenblatt said he discovered the company through Benchmark&#8217;s Cohler.</p>
<p>Cohler said he learned of the site through his brother, a well-respected interior designer who was helping him decorate his house.</p>
<p><img class="alignright size-medium wp-image-139745" title="1stdibs" src="http://allthingsd.com/files/2011/11/1stdibs-380x159.png" alt="" width="380" height="159" />Cohler said that countless items in his house were found on 1stdibs. &#8220;I was astonished to see how incredibly powerful it was,&#8221; he said.</p>
<p>Ironically, Cohler was able to close the investment with 1stdibs and recruit Rosenblatt faster than it took to redecorate his house, which &#8220;is never really done,&#8221; he joked.</p>
<p>Cohler said that Rosenblatt&#8217;s appointment will lend the company the operational expertise it needs to scale a large Internet company. &#8220;I don&#8217;t think there&#8217;s anyone better in the world to take the company forward,&#8221; he added.</p>
<p>The 1stdibs marketplace was founded in 2001 by Michael Bruno, who had the goal of bringing the Paris flea market &#8212; famous for its one-of-a-kind items &#8212; to the Internet.</p>
<p>Bruno, who Rosenblatt calls a charismatic entrepreneur, will continue to play an active role at the company by working on strategy and consulting directly with customers.</p>
<p>Rosenblatt will continue to sit on the boards of Group Commerce, Twitter and IAC.</p>
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		<title>Yelp's Mobile Visits Could Soar With the Help of Apple's Latest iPhone</title>
		<link>http://allthingsd.com/20111012/yelps-mobile-visits-could-soar-with-the-help-of-apples-latest-iphone/</link>
		<comments>http://allthingsd.com/20111012/yelps-mobile-visits-could-soar-with-the-help-of-apples-latest-iphone/#comments</comments>
		<pubDate>Wed, 12 Oct 2011 19:59:18 +0000</pubDate>
		<dc:creator>Tricia Duryee</dc:creator>
				<category><![CDATA[Commerce]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Blackberry]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[iPhone 4S]]></category>
		<category><![CDATA[local commerce]]></category>
		<category><![CDATA[local reviews]]></category>
		<category><![CDATA[local search]]></category>
		<category><![CDATA[mobile applications]]></category>
		<category><![CDATA[mobile commerce]]></category>
		<category><![CDATA[Siri]]></category>
		<category><![CDATA[voice recognition]]></category>
		<category><![CDATA[Wikipedia]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://allthingsd.com/?p=131642</guid>
		<description><![CDATA[Yelp registered more than 8.5 million visitors in September on its mobile apps and mobile site, a number that is likely to climb even higher with a new partnership with Apple.]]></description>
			<content:encoded><![CDATA[<p>Already, millions of visitors are looking up Yelp reviews on the phone, but that&#8217;s only likely to grow with the recent integration of Apple&#8217;s upcoming iPhone 4S.</p>
<p><img class="alignright size-medium wp-image-131664" title="yelp_moblieweb" src="http://allthingsd.com/files/2011/10/yelp_moblieweb-190x285.png" alt="" width="190" height="285" />In the month of September, Yelp said it registered 8.5 million visitors on its mobile Web site and iPhone, Android and Blackberry applications.</p>
<p>It said nearly 60 percent of that traffic was coming through its apps, but the remainder was from visits to its <a href="http://mobile.yelp.com">mobile Web site</a>. To help those users, Yelp is updating its site today with a better design.</p>
<p>However, Yelp&#8217;s mobile visits are likely to spike in the coming months due to a new partnership with Apple.</p>
<p>Earlier this month, Apple announced it was integrating sites, like Yelp and Wikipedia, into its voice-activated service, called Siri.</p>
<p>In his recent review of the phone, Walt Mossberg <a href="http://allthingsd.com/20111011/the-iphone-finds-its-voice/">had this to say about it</a>:</p>
<blockquote class="memo"><p>Siri can find information in Wikipedia, Yelp and Wolfram Alpha. It successfully answered when I asked it, “Who’s the president of Iran?” (though it misunderstood me the first time) and “Who stars in ‘Boardwalk Empire?’” When I asked for a “French restaurant in Bethesda, Maryland,” it instantly returned a list from Yelp, ranked by user reviews.</p></blockquote>
<p>Yelp will still have a long way to go, however, before a majority of its visits come from mobile.</p>
<p>Compared to the 8.5 million mobile visits in September, 54.5 million visits were made to its traditional PC site.</p>
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		<title>Quora Crams Full Web Site Into New iPhone App</title>
		<link>http://allthingsd.com/20110929/quora-crams-full-web-site-into-new-iphone-app/</link>
		<comments>http://allthingsd.com/20110929/quora-crams-full-web-site-into-new-iphone-app/#comments</comments>
		<pubDate>Thu, 29 Sep 2011 15:01:08 +0000</pubDate>
		<dc:creator>Liz Gannes</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Social]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Charlie Cheever]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[local search]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=126447</guid>
		<description><![CDATA[The Q&#038;A site today launches its first mobile version, a slick iOS app that brings essentially the same functionality and content of its Web site, along with some mobile-specific features.]]></description>
			<content:encoded><![CDATA[<p>The Q&#038;A site <a href="http://www.quora.com/">Quora</a> today launches its first mobile version, a slick iOS app that offers the full functionality and content of its Web site, along with some mobile-specific features, like a filter for nearby topics, push notifications for new answers to users&#8217; recently asked questions, and more prominent search with brisk autosuggest. </p>
<p>Mobile apps often don&#8217;t deliver the full experience of social and user-generated Web sites, given how much content they need to deliver, the constraints of the small screen and the different expectations for mobile participation. For instance, the Wikipedia iPhone app is read-only; Yelp doesn&#8217;t allow users to write full reviews from its apps; and Facebook doesn&#8217;t fully support some more complicated features, like photo tagging, from mobile devices.</p>
<p>Development of the Quora iPhone app was focused on delivering speed and supporting content consumption, and on inspiring lots more local questions and answers, said Quora co-founder Charlie Cheever in an interview this week. (See the map view with local questions pictured below.)</p>
<p>The normally quiet Quora considers the iPhone app its biggest new launch since its Web site, which went live to the public about a year ago and has been incrementally improved since.</p>
<p>Quora execs wouldn&#8217;t share anything terrifically informative about their progress, like traffic or user numbers, but noted that on the topic of local content, their largest userbase by location is now New York City. That&#8217;s important because Quora is often dinged for its Silicon Valley-centricity, a criticism people at the company said is becoming less valid.</p>
<p>Cheever said that he expects Quora&#8217;s next mobile effort will be an Android app.</p>
<p><a href="http://allthingsd.com/files/2011/09/quora-nearby-iphone-screenshots.png"><img src="http://allthingsd.com/files/2011/09/quora-nearby-iphone-screenshots-640x475.png" alt="" title="quora nearby iphone screenshots" width="640" height="475" class="aligncenter size-Hero wp-image-126453" /></a></p>
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		<title>Google's Schmidt at Senate Antitrust Hearing: Eric "Gets It!"</title>
		<link>http://allthingsd.com/20110921/liveblogging-googles-schmidt-at-senate-antitrust-hearing/</link>
		<comments>http://allthingsd.com/20110921/liveblogging-googles-schmidt-at-senate-antitrust-hearing/#comments</comments>
		<pubDate>Wed, 21 Sep 2011 18:03:41 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Al Franken]]></category>
		<category><![CDATA[algorithm]]></category>
		<category><![CDATA[Amy Klobuchar]]></category>
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		<category><![CDATA[Charles Grassley]]></category>
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		<category><![CDATA[congress]]></category>
		<category><![CDATA[David Drummond]]></category>
		<category><![CDATA[Dianne Feinstein]]></category>
		<category><![CDATA[Eric Schmidt]]></category>
		<category><![CDATA[Google]]></category>
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		<category><![CDATA[Herb Kohl]]></category>
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		<guid isPermaLink="false">http://allthingsd.com/?p=123131</guid>
		<description><![CDATA[Google faces the antitrust music in Washington, D.C.]]></description>
			<content:encoded><![CDATA[<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
<p><a href="http://allthingsd.com/20110921/liveblogging-googles-schmidt-at-senate-antitrust-hearing/we-get-it-paper/" rel="attachment wp-att-123179"><img src="http://allthingsd.com/files/2011/09/we-get-it-paper.png" alt="" title="we-get-it-paper" width="275" height="158" class="alignright size-full wp-image-123179" /></a></p>
<p>Ready, aim, fire &#8212; at Google at the <a href="http://judiciary.senate.gov/hearings/hearing.cfm?id=3d9031b47812de2592c3baeba64d93cb">Senate Judiciary Committee&#8217;s antitrust subcommittee hearing</a> <a href="http://allthingsd.com/20110921/google-cries-bing-and-yelp-yelps-as-senate-hearings-commence-today/">happening right now</a> in Washington, D.C. </p>
<p>It is titled: &#8220;The Power of Google: Serving Consumers or Threatening Competition?&#8221;</p>
<p>Here we go:</p>
<p><strong>11:04 am</strong>: As usual in D.C., the Senators on the committee get to pontificate first. </p>
<p>Oh, joy! (I used to live there and cover Congress stuff for the Washington Post from time to time and I am having bad déjà vu right now.)</p>
<p>A quick cut to Google Executive Chairman Eric Schmidt, who is appearing alone. He looks a little peaked, especially as the pols begin to describe the scary behemoth the search giant is.</p>
<p>And also that it is trying to force users to its other products.</p>
<p><em>Rut-roh.</em></p>
<p><strong>11:07 am</strong>: Sen. Mike Lee, the Republican from Utah, who is a Google critic, is talking on about the search giant&#8217;s power, reading from his testimony in a dullish style.</p>
<p>I thought this dude was a Tea Party firebrand!</p>
<p>&#8220;The primary focus should be consumer welfare,&#8221; he says, <em>blah, blah, blaaaaaaah</em>.</p>
<p><strong>11:09 am</strong>: Now, the subcommittee&#8217;s dour chairman, Sen. Herb Kohl from Wisconsin, is introing Schmidt, who is actually being introed by California Sen. Dianne Feinstein.</p>
<p>She is an Eric fan, <em>obvi</em>, praising his accomplishments at Google. But she also gives props to Jeffrey Katz, CEO of Nextag, who is testifying against Google later. Also, let her add, is the fabulous CEO of Yelp, Jeremy Stoppelman, another anti-Google speaker to come.</p>
<p>&#8220;I hope they tango rather than tangle,&#8221; says Feinstein inexplicably about those called to testify. Hey, white geeks can&#8217;t dance, although wrestling would also be hard for them too.</p>
<p>In any case, gotta love these everybody-loving pols!</p>
<p><strong>11:14 am</strong>: Finally, Schmidt, who &#8212; of course &#8212; starts off invoking the last big tech giant who was here getting spanked by Congress. </p>
<p>Schmidt does not name Microsoft &#8212; <em>classy</em>, by which I mean not at all &#8212; but is referring to the software giant.</p>
<p>&#8220;We get it,&#8221; he says about the lessons Google has learned from Microsoft&#8217;s own antitrust troubles back in the day.</p>
<p><strong>11:18 am</strong>: Schmidt is talking about Google and saying he welcomes the competition.</p>
<p>&#8220;Today it&#8217;s Google turn in the spotlight,&#8221; he says, still not uttering the word &#8220;Microsoft,&#8221; much as Microsoft execs have often not been able to say Google. &#8220;One company&#8217;s past [should] not be another company&#8217;s future.&#8221;</p>
<p>Now, the senators can have at him. Kohl is up first.</p>
<p><strong>11:20 am</strong>: The first question is if Google is favoring its own products, via search.</p>
<p>Schmidt harkens back to what he calls early Google lore that it is just trying hard to get consumers stuff quicker. </p>
<p>The need for speed!</p>
<p>&#8220;Is really trusting Google to do the right thing sufficient?,&#8221; asks Kohl, who quotes former President Ronald Reagan&#8217;s famous line: &#8220;Trust but verify.&#8221;</p>
<p>That gives Schmidt the chance to talk about how quickly Google could lose out to competitors and then is onto how hard it is to do what Google does.</p>
<p>It takes extra-smart smartypants. Trust us, he says, as we are <em>smartier</em>!</p>
<p><strong>11:24 am</strong>: Kohl comes back with a damning quote from Google&#8217;s famous Marissa Mayer, who apparently has said that the company favors its own products and <em>why not</em>?</p>
<p>Schmidt says he was not there when she allegedly said this, but that its own testing and intuition tells Google if consumers want a Google map or whatever <em>tout de suite</em>! </p>
<p>Kohl repeats the Mayer quote again: &#8220;We do all the work for the search page, so we put [a Google Maps link] in first.&#8221;</p>
<p>&#8220;I will let Marissa speak for herself,&#8221; says Schmidt, now too deep in the weeds of her verbal faux pas. Get out, Eric!</p>
<p><strong>11:28 am</strong>: Sen. Lee is up, not taking any of this speedy, we-know-best business.</p>
<p>And he has a chart! I love a good chart. It shows Google info always ranks first in listings versus other sites it competes with.</p>
<p>Schmidt has not seen this poll, but thinks it is not accurate.</p>
<p><strong>11:31 am</strong>: Let me note that Schmidt&#8217;s grey suit is fantastic looking. And right behind him, you can see Google&#8217;s top lawyer, the always nattily dressed David Drummond.</p>
<p>Back to the chart! </p>
<p>Lee wants to know why, according to his chart, that Google seems to come up first. </p>
<p>&#8220;Either way, you&#8217;ve cooked it,&#8221; claims Lee.</p>
<p>&#8220;Senator, I can assure you we have not cooked anything,&#8221; counters Schmidt.</p>
<p>(Note: Google does have an excellent cafeteria in Silicon Valley, complete with organic arugula and Kombucha for all.)</p>
<p><strong>11:33 am</strong>: <em>Hoo boy!</em> But Lee&#8217;s time has expired, so Schmidt gets a break in the form of New York&#8217;s Sen. Charles Schumer.</p>
<p>I like the way he says &#8220;ee-no-vation&#8221; for innovation.</p>
<p>He does an expected plug for New York, of course. Somehow it is No. 1 in tech. Not so much, but brag on, Chuck!</p>
<p><strong>11:38 am</strong>: Schumer is <em>still</em> talking about New York and its fab entrepreneurs.</p>
<p>Apparently, he has done a lot of jawboning with start-up dudes (likely over Kombucha) and they think Google is a positive force. </p>
<p>&#8220;Google is actually pretty good, we don&#8217;t see them as rapacious,&#8221; Schumer says the New York nerds tell him.</p>
<p>Is &#8220;rapacious&#8221; the criteria here?</p>
<p>Schumer is running out of time and has yet to ask a question and now is trying to get Schmidt to test Google&#8217;s broadband project in the Hudson Valley.</p>
<p>Now <em>that&#8217;s</em> rapacious!</p>
<p>Is there going to be an actual question here?</p>
<p>Yes: Oh please tell us, genius boy, what could Google do better?</p>
<p><em>Really.</em></p>
<p><strong>11:42 am</strong>: Now, Sen. John Cornyn from Texas is on and asking about the prescription controversy Google was embroiled in recently.</p>
<p>Oops, I missed a bit when someone called me about the <a href="http://allthingsd.com/20110921/former-ebay-ceo-meg-whitman-being-considered-for-hp-ceo-job-to-replace-apotheker/">CEO mess at Hewlett-Packard</a> I reported on earlier.</p>
<p>Onto Senator Amy Klobuchar from Minnesota. She is cleverly using an article about the Vikings football team to ask about how Google&#8217;s super-secret-sauce algorithm works and how it ranks results.</p>
<p>&#8220;Do you think companies should have a lot more certainty in how they are ranked?,&#8221; she asks.</p>
<p><strong>11:51 am</strong>: Schmidt is not really answering, except to say Google is not perfect.</p>
<p>&#8220;We don&#8217;t know how to do it with more certainty,&#8221; he says, which is odd for a company that is perhaps the most irksomely certain group of geeks ever assembled on the planet.</p>
<p>Klobuchar moves to copyright issues. &#8220;There&#8217;s a real problem here,&#8221; agrees Schmidt. </p>
<p>Yes, and some media companies think Google is the problem and has not done enough to fix the problem.</p>
<p>&#8220;It&#8217;s difficult,&#8221; says Schmidt. Well, isn&#8217;t Google <em>smartier</em>? </p>
<p>&#8220;We&#8217;re under great pressure to resolve this,&#8221; he says.</p>
<p><strong>11:55 am</strong>: Klobuchar is still worried about the small businesses, but she wants Google to come to Duluth.</p>
<p>Good lord, it&#8217;s a shakedown in plain sight. Maybe Google isn&#8217;t the scary one here! These pols seem pretty frightening.</p>
<p>Now Iowa Sen. Charles Grassley is saying he will attend some Google event in his state. </p>
<p><em>Of course!</em></p>
<p>Grassley makes a wishy-wishy statement, and we get to hear from Iowans on both sides. </p>
<p>Some are apparently concerned that Google is a troublemaker and some aren&#8217;t.</p>
<p>Iowans, like a lot of folks, are torn. </p>
<p>&#8220;We are happy to be judged,&#8221; says Schmidt.</p>
<p><strong>12:00 pm</strong>: Now it is time for Sen. Al Franken from Minnesota. </p>
<p>&#8220;First let me say, I love Google,&#8221; he says. </p>
<p><em>Otay.</em> I wonder if Franken knows that Google is a giant scary computer.</p>
<p>But, as a citizen of San Francisco, I say he should love whoever he wants!</p>
<p>Franken is also concerned about his love&#8217;s behavior and is taken aback by one of Schmidt&#8217;s previous answers.</p>
<p>It&#8217;s that irksome Marissa Mayer quote again. </p>
<p>When asked if the algo was unbiased, Schmidt apparently was not as sure as shootin&#8217;!</p>
<p>Now, it is onto Yelp and the fiery quotes from Stoppelman about how Google nefariously blocks the review site&#8217;s content.</p>
<p>Eric &#8220;generally&#8221; disagrees with Jeremy. </p>
<p>At one point Google tried to buy Yelp, so this is a fraught situation. </p>
<p>Does Franken know about the previous Google-Yelp hookup? </p>
<p><em>Drama!</em></p>
<p>Schmidt says it is Yelp&#8217;s fault for asking to be removed from the algo. Actually, Yelp only asked Google to stop jacking its fare.</p>
<p><strong>12:11 pm</strong>: Oh <em>noz</em>, another pol? This time Sen. Richard Blumenthal from Connecticut.</p>
<p>He is super-smiley, while calling Google a &#8220;behemoth.&#8221; I like that word a lot and use it for the company often, although I always like to use a qualifier like &#8220;thuggish&#8221; or &#8220;freaky.&#8221;</p>
<p>Back to the blabby Blumenthal, who cannot seem to get out a question. </p>
<p>Wait! He asks if Google can suggest some fixes to &#8220;avoid government regulation.&#8221;</p>
<p>I. Kid. You. Not.</p>
<p><strong>12:21 pm</strong>: Kohl is back and giving Google a little more slap-a-doo. </p>
<p>I like the whole Kohl <em>thang</em> of looking over his glasses down at Schmidt.</p>
<p>He asks: Should we trust Google? Should we?</p>
<p>In my opinion: If your mother says she loves you, you should check it.</p>
<p>So, no! </p>
<p>Schmidt assures him: &#8220;We make mistakes.&#8221;</p>
<p>Lee is then back, asking if Google gives preference to its own products in search?</p>
<p>Exactly the point and a question that is still not answered properly.</p>
<p><strong>12:24 pm</strong>: Lee remains troubled by Schmidt&#8217;s testimony. </p>
<p>He uses terms like &#8220;leverage its natural dominance&#8221; and &#8220;significant market share to disadvantage&#8221; competitors.</p>
<p>Sounds like, um, Microsoft. And then it is back to that niggling Marissa Mayer quote. (Memo to the voluble exec, who apparently never met a microphone she didn&#8217;t want to talk into: You might want to take a day off today at the Googleplex.)</p>
<p>Google-luvin&#8217; Franken is back and he is asking about mobile search.</p>
<p>Where Google is dominant again! (<em>Jellllllo</em>, Al, we in Silicon Valley know that one already!)</p>
<p>He asks if all Android devices come pre-loaded with Google products. Schmidt thinks two-thirds come with it, but handset makers can choose.</p>
<p><strong>12:31 pm</strong>: Back to all-smiles Blumenthal, who says he has come to no conclusion.</p>
<p>But lo! He is not as silly as he seems and goes into an interesting racetrack analogy about how Google owns the track and now has horses and now those horses are winning.</p>
<p><em>Hmmmm&#8230;</em></p>
<p>Schmidt disagrees, natch!</p>
<p>He thinks the Internet is the platform and Google is the GPS.</p>
<p>Metaphor contest!</p>
<p>I think Google is a big tasty banana cream pie we can&#8217;t stop eating, although we know it&#8217;s bad for us.</p>
<p>That or an alien wearing an expensive suit who will soon eat us all.</p>
<p>Franken comes in with a doping horses joke. Remember when he was funny on &#8220;Saturday Night Live&#8221;?</p>
<p>Me neither.</p>
<p>It goes on without a lot of really good discussion. Klobuchar asks something, but I forget it immediately. My bad!</p>
<p>She has a last question about advertisers and privacy. Softball! </p>
<p>Let me write this for Schmidt before he inevitably spits it out: Of course, Google wants to protect privacy.</p>
<p><strong>12:37 pm</strong>: Finally, the second panel of critics. Sadly, I must go to an appointment in Silicon Valley to visit one of its rapacious companies.</p>
<p>Oops, I meant <em>ee-no-vative</em>.</p>
<p>But, no worries, John Paczkowski will take over from here once it gets going again after the break.</p>
<p><strong>12:47 pm</strong>: The panel&#8217;s back in session. The first critic to take a shot at Google, Thomas Barnett, a lawyer for Expedia.</p>
<p><strong>12:51 pm</strong>: Riffing on Schmidt&#8217;s earlier &#8220;We know, we get it&#8221; comment, Barnett argues the opposite.</p>
<p>&#8220;Google doesn&#8217;t get it,&#8221; he says, adding that the company&#8217;s ever-expanding market power is troubling.</p>
<p><strong>12:54 pm</strong>: Google is a monopoly, Barnett continues, and it has a duty not to abuse that position. He concludes by saying antitrust enforcement can and should play a role in maintaining competition in the markets in which it does business.</p>
<p><strong>12:57 pm</strong>: Moving on now to Nextag CEO Katz, who has some tough words for the search giant. &#8220;Today Google doesn&#8217;t play fair,&#8221; he says.</p>
<p>He argues that Google rigs its results to drive consumers to Google Product Search when they search for information to inform their purchases.</p>
<p><strong>1:00 pm</strong>: Next: Stoppelman of Yelp, who wonders if it&#8217;s even possible to create a company like Yelp today because of Google&#8217;s massive market power.</p>
<p><strong>1:04 pm</strong>: Google&#8217;s outside lawyer, Susan Creighton, takes the mic next. Having trouble with the video stream from the Senate, but as best I can tell she talked broadly about the competitive landscape and reiterated Schmidt&#8217;s &#8220;competition is just a click away&#8221; narrative.</p>
<p><strong>1:08 pm</strong>: She concludes by saying government oversight of Google&#8217;s search results rankings would put the company at a disadvantage and turn its search service into something akin to a &#8220;regulated utility.&#8221;</p>
<p><strong>1:09 pm</strong>: Interesting. Creighton says she doesn&#8217;t believe Google has monopoly power.</p>
<p><strong>1:10 pm</strong>: &#8220;Each of you right now can test whether or not you like Google&#8217;s search results and if you don&#8217;t like them it&#8217;s free and instantaneous to try someone else.&#8221;</p>
<p><strong>1:22 pm</strong>: Apologies, the Senate video feed has gone from bad to worse.</p>
<p><strong>1:23 pm</strong>: Franken asks Yelp&#8217;s Stoppelman and Nextag&#8217;s Katz if they could start their companies today given Google&#8217;s market power. </p>
<p>Both say that&#8217;s unlikely.</p>
<p><strong>1:26 pm</strong>: Terse exchange between Franken and Creighton about whether Google paid Apple to be the default search engine on its iOS devices. Lots of back and forth, but Creighton finally concedes that there&#8217;s some sort of financial deal between the two companies.</p>
<p><strong>1:39 pm</strong>: Sen. Lee asks what Google might do to &#8220;level the playing field.&#8221; Stoppelman suggests separating search from its other properties. Pipe dream.</p>
<p><strong>1:40 pm</strong>: Well, it looks like it may be getting near the end of the session, which is a good thing because we get it to by now.</p>
<p>And that is: Nothing significant is going to get said here. </p>
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		<title>Google Cries Bing and Yelp Yelps, as Senate Antitrust Hearings Commence Today</title>
		<link>http://allthingsd.com/20110921/google-cries-bing-and-yelp-yelps-as-senate-hearings-commence-today/</link>
		<comments>http://allthingsd.com/20110921/google-cries-bing-and-yelp-yelps-as-senate-hearings-commence-today/#comments</comments>
		<pubDate>Wed, 21 Sep 2011 07:59:35 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[Media]]></category>
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		<description><![CDATA[Giant Google is scared of tiny Bing -- no, really. Or so its chairman could say later today.]]></description>
			<content:encoded><![CDATA[<p><em>Please see <a href="http://allthingsd.com/about/kara-swisher/ethics/">this disclosure</a> related to me and Google.</em></p>
<p><a href="http://allthingsd.com/20110921/google-cries-bing-and-yelp-yelps-as-senate-hearings-commence-today/osmar_schindler_david_und_goliath-feature/" rel="attachment wp-att-122862"><img src="http://allthingsd.com/files/2011/09/Osmar_Schindler_David_und_Goliath-feature-380x285.png" alt="" title="Osmar_Schindler_David_und_Goliath-feature" width="380" height="285" class="alignright size-medium wp-image-122862" /></a></p>
<p>Later today, Google Executive Chairman Eric Schmidt will appear at the Senate Judiciary Committee&#8217;s antitrust subcommittee for hearings on whether Google is a search bully or not.</p>
<p>Schmidt, according to written testimony obtained by the <a href="http://www.politico.com/">Politico</a> blog, will be trotting out the company&#8217;s longtime argument that its competitors are &#8220;only one click away&#8221; from taking Google down.</p>
<p>And, in what can only be described as a you&#8217;ve-got-to-be-kidding furthering of that meme, Schmidt will apparently claim that Microsoft&#8217;s much tinier Bing search service could catch and pass Google by next year.</p>
<p>Reads the testimony, according to Politico: &#8220;Microsoft&#8217;s Bing launched in June 2009 and has grown so rapidly that some commentators have speculated that it could overtake Google as early as 2012.&#8221;</p>
<p>Say what? Say <em>ridonkulous</em>! The Facebook worry, I get, but costing-Microsoft-a-billion-a-quarter Bing?</p>
<p>That&#8217;s because in the most recent market-share report from comScore, Google had 64.8 percent of the total, with Yahoo at 16.3 percent and Bing at 14.7 percent. Even combining the pair &#8212; who are currently in a search partnership &#8212; they still have less than half the share that Google has.</p>
<p>In any case, although the Google-as-imminently-threatened concept displays a lot of gumption, it&#8217;ll be interesting watching Schmidt try to sell it.</p>
<p>And also to see Google&#8217;s critics call foul.</p>
<p>After Schmidt appears, there will be a second panel, featuring Yelp CEO Jeremy Stoppelman; Jeffrey Katz, CEO of Nextag; and Tom Barnett, spokesman for FairSearch.org and counsel to Expedia.</p>
<p>Stoppelman, who almost sold <a href="http://allthingsd.com/20091221/yelp-is-gone-for-now-but-google-has-plenty-of-fish-left-to-fry/">his online reviews company to Google</a> in late 2009, has since become a vocal detractor of the search giant&#8217;s methods.</p>
<p>In his testimony as well as exhibits, all posted below, Stoppelman paints a more dire picture of Google:</p>
<p>&#8220;When one company controls the market, it ultimately controls consumer choice. If competition really were just &#8216;one click away&#8217; as Google suggests, why have they invested so heavily to be the default choice on web browsers and mobile phones?  Clearly they are not taking any chances.&#8221;</p>
<p>Stay tuned for my liveblog at 11 am PT, as well as other <strong>AllThingsD</strong> coverage of the hearings.</p>
<p><font size="2"><a href="http://www.docstoc.com/docs/95738677/92111-Verbal-Testimony-_10am-final_">9.21.11 Verbal Testimony _10am final_</a></font><br/><object id="_ds_95738677" name="_ds_95738677" width="630" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=95738677&#038;mem_id=1512683&#038;doc_type=docx&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="95738677";var docstoc_title="9.21.11 Verbal Testimony _10am final_";var docstoc_urltitle="9.21.11 Verbal Testimony _10am final_";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
<p><font size="2"><a href="http://www.docstoc.com/docs/95738682/92111-Written-Testimony-_clean_">9.21.11 Written Testimony _clean_</a></font><br/><object id="_ds_95738682" name="_ds_95738682" width="630" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=95738682&#038;mem_id=1512683&#038;doc_type=doc&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="95738682";var docstoc_title="9.21.11 Written Testimony _clean_";var docstoc_urltitle="9.21.11 Written Testimony _clean_";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
<p><font size="2"><a href="http://www.docstoc.com/docs/95738686/92111-Exhibits">9.21.11 Exhibits</a></font><br/><object id="_ds_95738686" name="_ds_95738686" width="630" height="550" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/"><param name="FlashVars" value="doc_id=95738686&#038;mem_id=1512683&#038;doc_type=pptx&#038;fullscreen=0&#038;allowdownload=1" /><param name="movie" value="http://viewer.docstoc.com/"/><param name="allowScriptAccess" value="always" /><param name="allowFullScreen" value="true" /></object><script type="text/javascript">var docstoc_docid="95738686";var docstoc_title="9.21.11 Exhibits";var docstoc_urltitle="9.21.11 Exhibits";</script><script type="text/javascript" src="http://i.docstoccdn.com/js/check-flash.js"></script></p>
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