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Facebook ‘to go public with $10bn share offering’
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Facebook makes most of its money through advertisingFacebook will begin the process of becoming a publicly-listed company this week, valuing the social networking site at between $75bn (£48bn) and $100bn, reports suggest.
The company plans to file papers with the US financial watchdog on Wednesday, according to the Financial Times and the Wall Street Journal.
The flotation...
Bill Gates: ‘I wrote Steve Jobs a letter as he was dying. He kept it by his bed’
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Change the world: 'If you have a dream and it comes true, it’s a very cool thing,’ says Bill GatesBill Gates has frugal tastes. Asked to name his luxuries, he lists DVDs, books and takeaway burgers. It is hard, however, to think that any fast-food outlet would get rich on Gates’s custom. During a long list of engagements beginning well before dawn, he consumes...
iPad a solid education tool, study reports
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Apple's new iBooks 2 app is demonstrated for the media at the Guggenheim Museum on January 19.More and more schools are jumping on the digital bandwagon and adopting iPads for daily use in the classroom. Apple’s education-related announcements last week will no doubt bolster the trend, making faculty tools and student textbooks more engaging and accessible.
But...
Yahoo: New CEO, Same results
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Yahoo on Tuesday reported quarterly results in line with analysts’ expectations, a somewhat quiet start for new CEO Scott Thompson.
Yahoo posted a $296 million profit for the fourth quarter of 2011, up 5% compared to last year. Yahoo’s earnings per share were 24 cents. The company’s sales for the quarter came in at 1.3 billion, down 13% from last year. Excluding revenue...
Google in privacy policy changes across its services
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Google has faced privacy concerns from regulators over its social networking sites.Google has changed its privacy policy, streamlining it across its multiple services including search, email, video and social networking sites.
More than 60 different policies will be combined into one that will go into effect 1 March, the company said.
Google said the new policy will give people more...
Apple’s $46 billion sales set new tech record
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Ask Siri how Apple recorded the best quarter in history for a tech company, and her answer should be: “Me.”
Apple sold a stunning 37 million iPhones last quarter, twice what it sold in the same period a year ago. IPad sales doubled to a record 15.4 million. Apple moved 5.2 million Macs, the first time Apple sold more than 5 million of its PCs in a quarter. The company also...
Super Bowl gets social-media command center
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Some 150,000 people are expected to flood into downtown Indianapolis where the game will be played at Lucas Oil Stadium.Super Bowl XLVI host city Indianapolis has concocted a new way to deal with the madness that comes with managing the world’s biggest annual sporting event.
The solution? The Super Bowl’s first-ever social media command center.
A team of strategists, analysts...
Facebook in talks to replace YouTube as Vevo’s host
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While the sources said the discussions are very preliminary and noted that there’s still another year remaining on Vevo’s contract with YouTube, meetings have occurred between Vevo and Facebook at least twice. The most recent talks took place within the past two weeks, the sources said.
Facebook is interested in a similar arrangement to the one Vevo has now with Google’s...
Blackberry maker’s CEOs step down
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RIM has struggled to compete with rivals Apple and Google in recent yearsBlackberry maker Research In Motion (RIM) has said its co-chief executives Mike Lazaridis and Jim Balsillie have stepped down in a shake-up.
Mr Lazaridis, who founded RIM in 1984, will become vice chairman. Mr Balsillie will continue to sit on the board but not have any operational role.
Chief operating officer...
Google says social network has 90M users
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Google CEO Larry Page announced that the company's social network, Google+, is off to a strong start.Google’s infant social network experienced a recent growth spurt.
Google+ has more than 90 million registered users, Google CEO Larry Page said during the company’s earnings presentation on Thursday. That more than doubles the 40 million that Google reported in October.
“We’re...