Archive

Zite has traded hands again, three years after CNN bought it for $20 million. Flipboard now is acquiring the service, CNN reported, initially pegging the new sale price at $60 million. It later backed away from that figure, calling it "inaccurate." The transaction is a multi-stage deal in which CNN ...

U.S. government agencies are moving briskly into the mobile era, spurred by the fast pace of technological change. The scope of the federal mobile market is broad-based, and to some degree depends upon what is meant by such terms as "wireless," "mobility" and "digital." The parameters of that market...

Kickstarter announced it hit a new milestone Monday: It has surpassed $1 billion in pledges to crowdfund projects worldwide. In total, 5.7 million people have chipped in to fund Kickstarter campaigns, with about 1.6 million people backing more than one project. The pledges have come from 224 countri...

Apple CFO Peter Oppenheimer will retire in September, when he'll be replaced by Corporate Controller Luca Maestri, the company's VP of finance. Maestri will begin taking the reins in June. The move was expected. When Maestri joined Apple last year, the rumor mill began buzzing about his being groome...

Zynga COO Clive Downie on Monday announced the early rollout three mobile-first games: FarmVille 2: Country Escape, New Zynga Poker and New Words With Friends. The soft launch is taking place in certain markets before the games' formal debut in June. The release as a key part of a larger strategy to...

CEO Satya Nadella has begun his much-anticipated shakeup of Microsoft's leadership ranks, just weeks after taking the helm. Tony Bates, EVP of business development and evangelism, and Tami Reller, EVP of marketing, are on the way out. Eric Rudder, EVP of advanced strategy, will take over Bates' duti...

Several members of Hollywood's elite walked out of the Dolby Theatre in Los Angeles clutching golden statues on Sunday, but it might have been Samsung that landed the largest victory at the event. Partway through the show, host Ellen DeGeneres stopped to capture the moment by using a Samsung phone t...

At nearly 30 hours per week, video consumption in the average U.S. broadband household has increased approximately 29 percent since 2010. Although the TV set remains the most popular platform, its usage rates have remained relatively constant, at about 83 percent. However, the time spent consuming v...

Mt. Gox, the largest Bitcoin exchange, filed for Chapter 11 bankruptcy proceedings in Tokyo, Just days after going offline following the publication on Scribd of an internal memo that alleged hackers had stolen nearly 745,000 Bitcoins from its servers over the years. Blaming a weakness in the compan...

A British intelligence agency indiscriminately collected photos from the webcams of Yahoo users and stored them on its servers over a period of several years as part of a surveillance program called "Optic Nerve." The operation was run by the UK's NSA counterpart, GCHQ, according to a top secret doc...

eBay on Wednesday announced it was leading a $134 million investment in Snapdeal, which claims to be India's largest e-commerce marketplace. eBay's first investment in Snapdeal came in mid-2013, when it poured $50 million into the company. Snapdeal merited additional financing because of its complem...

The Comcast Netflix deal represents a completely new and refreshing direction for the industry. It clears away much confusion and illuminates a clearer path for growth for all companies in the battle. This deal represents a watershed moment for Web content providers. Congratulations to both Comcas...

The U.S. Department of Justice and the Office of the Director of National Intelligence reportedly have submitted four proposals to reform the National Security Agency's phone surveillance program. The recommendations come well before the March 28 deadline set by President Obama. Three deal with havi...

Target reported financial results for the quarter during which it suffered a high-profile data breach, revealing how badly the company was stung by the security lapses. In the three months ending Feb. 1, net earnings dropped by 46 percent compared with the year-ago fourth quarter, from $961 million ...

During the heyday of the dot-com boom, then-HP CEO Carly Fiorina espoused a notion called "good enough" computing. Despite significant performance differences between x86 servers and Unix and other enterprise-class systems, the dramatically lower cost of x86-based products would cause organizations ...