Archive for the ‘Business’ Category

Amazon Snaps Up Clothes.com Along With Zappos…

Interesting little “tidbit” on TechCrunch today about the $928 million sale Zappos to Amazon.com. Seems that Amazon snapped up the domain name Clothes.com while they where at it.

Regardless of the branding considerations, there is no doubt that most serious domainers would like nothing less that to own such a premium name. While Google seems to [...]

Flutter: The New Twitter?

With all the attention Twitter is getting lately, you can’t help but wonder when the micro-blogging service will announce it’s upcoming “business model.”

Making light of the service is not currently in vogue because no one wants to burst the Twitter bubble by posting about potential competitors. Well almost no one. LOL.

Carl Icahn Goes Long On Yahoo Stock

According to both All Things Digital and Tech Crunch, billionaire financier Carl Icahn bought up another 6.7 million shares of Yahoo earlier this week. Icahn owns Yahoo stock that has lost about $900 million in value since he bought about five percent of Yahoo earlier in the year.

Whether Yahoo is close to announcing a new [...]

Twitter tweets “no deal” to Facebook

Kara Swisher broke news that Facebook and Twitter have ended several weeks of “serious talks,” in which Facebook was offering to acquire Twitter for $500 million of its stock. It appears the talks broke down because Twitter executives and Facebook couldn’t agree about actual worth of Facebook stock.

TechCrunch also reported that at the recent Web [...]

Third Quarter Online Ad Revenues Reach $5.9 Billion

The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers LLP (PwC) today announced that Internet advertising revenues reached almost $5.9 billion for the third quarter of 2008. Such growth represents an 11 percent increase over the same period in 2007, while quarter-to-quarter growth is slowing.

As you can clearly see in this chart – growth flattens in [...]

Jerry Yang Call It Quits as CEO of Yahoo!

Jerry Yang has decided to step down as CEO of Yahoo! While Jerry has received a bashing this last year over his decision to pass on the Microsoft deal, Yahoo is still one of the most trafficked sites on the Web -“and still makes more profits than most companies in the sector.”

Yang announced that “I’ll [...]

Hulu Profit Growth Trumps YouTube

There’s a lot of buzz over the Financial Times article on how News Corp backed video site Hulu is showing greater profit growth than competitor YouTube. MediaMemo and PaidContent both dig a bit deeper into the analysis behind the claims.

While Scott Karp over at Publishing 2.0 gives his ten “observations” about what this means for [...]

Online Ad Spending Sees Major Slowdown…

Erick Schonfeld at TechCrunch published an estimate on the current slowdown in advertising revenue generated by Google, Yahoo, Microsoft, and AOL. The sequential growth rate was 12.7 percent in the fourth quarter of 2007, down to 2.8 percent in the first quarter of 2008, 1.1 percent in the second quarter and down to an estimated [...]

Web 2.0 Summit – Yahoo! CEO Jerry Yang

Yahoo! recently confirmed it would cut it workforce by “at least” 10 percent of its global workforce. At the recent Web 2.0 Summit, CEO Jerry Yang talks to John Battelle about the failed Microsoft merger, and the future of Yahoo!

Battelle opens his interview with “so Jerry, besides Yahoo!… how’s things going?” As Yahoo’s stock has [...]

New York Times $400 Million Credit Due In May…

PaidContent.org and the Silicon Alley Insider both commented today on the New York Times revolving credit agreements due in May 2009. The company has only $46 million of cash on hand while advertising revenues are contracting.

Inside it’s 10-Q: “Based on these discussions, we expect that we will be able to manage our debt and credit [...]