Reuters: Internet News

Facebook boosts IPO size by 25 percent, could top $16 billion

Wed, 16 May 2012 13:49:13 -0400

NEW YORK/SAN FRANCISCO (Reuters) - Facebook Inc increased the size of its initial public offering by almost 25 percent, and could raise as much as $16 billion as strong investor demand for a share of the No.1 social network trumps debate about its long-term potential to make money.

Samsung loses $10 billion market value on Apple order report

Wed, 16 May 2012 04:59:56 -0400

SEOUL (Reuters) - Shares in Samsung Electronics Co slumped more than 6 percent on Wednesday, wiping $10 billion off the electronics giant's market value, on a report that Apple placed huge chip orders with troubled Japanese chip rival Elpida.

Facebook IPO triggers retail investor craze

Wed, 16 May 2012 13:05:08 -0400

SAN FRANCISCO (Reuters) - If "Facebook For Dummies" helped you find friends and post pictures on the world's No. 1 online social network, then consider "Facebook IPO Confidential" which purports to teach you "How To Get Rich With The IPO Of The Century."

Google to meet French regulator on privacy policy

Wed, 16 May 2012 12:09:30 -0400

PARIS (Reuters) - Google will meet with France's data protection watchdog next week to answer questions about its new user privacy policy as part of a Europe-wide investigation being led by the French regulator.

Massive Internet photo project to capture "day in life" of world

Tue, 15 May 2012 15:05:13 -0400

STOCKHOLM (Reuters) - Pictures of a house in India, a food cupboard in New Zealand and someone eating breakfast in Sweden were among the first of thousands of photographs sent to an Internet project to capture a day in the life of people all over the world on Tuesday.

Facebook options seen listed on May 29

Tue, 15 May 2012 17:58:01 -0400

(Reuters) - Traders will have their first crack at using options to hedge their bets or speculate on the direction of Facebook shares in two weeks, when U.S. options exchanges expect to list contracts on the hot new stock.

Gamers propel Renren results, shares rise

Tue, 15 May 2012 11:59:44 -0400

(Reuters) - Renren Inc's shares rose 11 percent after the Chinese social networking site posted quarterly results ahead of analysts' estimates, boosted by higher gaming revenue.

Virgin Atlantic rolls out in-flight cellphone service

Tue, 15 May 2012 23:17:47 -0400

(Reuters) - Some passengers on Virgin Atlantic flights can now call home from the air.

Yahoo investors applaud change, fear limbo

Mon, 14 May 2012 21:25:24 -0400

(Reuters) - Yahoo Inc's choice of interim chief executive is a signal the company is returning to its roots selling brand advertising on its consumer websites, analysts say, even as a deal with an activist hedge fund raises new questions about its future.

8,000 contractors said eligible for U.S. cyber guard

Mon, 14 May 2012 19:48:09 -0400

WASHINGTON (Reuters) - Up to 8,000 companies doing business with the Pentagon may be qualified to join a newly expanded U.S. effort to guard sensitive information on private networks, a senior Defense Department official said Monday.