Business

After much rumor and speculation, Twitter and TweetDeck announced what many had already concluded: the popular third-party client has been acquired by Twitter. The terms of the deal were undisclosed but various news reports put it between $40 million and $50 million. Of perhaps greater interest, at ...

Social media game maker Zynga is reading itself to file for an initial public offering, according to a report in All Things Digital. The filing with the Securities and Exchange Commission could come as soon as this week, or next week at the latest, according to the report's sources. The rumor mill i...

The breach of Sony's PlayStation Network will cost the company at least US$171 million according to the company's preliminary financial forecast released on Monday -- the latest predictions for its fiscal year ending March 2012. The total figure will likely grow. . . and grow. Sony has racked up exp...

Nine months after Barnes & Noble put itself up for auction, Liberty Media made a bid for the retail bookstore chain. John Malone's Liberty Media offered $17 per share for a 70 percent stake in the company, making the potential deal worth over $1 billion. Although the pairing of a media conglomer...

Nine months after Barnes & Noble put itself up for auction, Liberty Media made a bid for the retail bookstore chain. John Malone's Liberty Media offered $17 per share for a 70 percent stake in the company, making the potential deal worth over $1 billion. Although the pairing of a media conglomer...

LinkedIn's doubled stock price after its IPO on Thursday has many wondering if this could be the start of another tech bubble. LinkedIn initially offered 7.84 million shares at $45 each. Within minutes, the shares doubled in price and eventually peaked at $122.70 each. The price lingered around $100...

Amazon has reached a momentum milestone: Its customers are purchasing more Kindle books than print books -- hardcover and paperback combined. This day was clearly coming. In July 2010, Kindle book sales surpassed hardcover sales. By December of that year, Kindle books overtook paperback books, beco...

The Android platform tops the list in sales of smartphone operating systems for the first quarter of 2011, according to a report by market researcher Gartner. Total smartphone sales accounted for 23.6 percent of global handset units overall, and various phones sporting Google's Android OS took 36 pe...

Information technology providers and politicians on both sides of the aisle are applauding the Obama administration for wading into the complex issue of cybersecurity. The administration issued its package of Internet security legislative proposals last week, spurring hopes that the U.S. Congress wo...

LinkedIn made a big splash on its first day as a publicly traded company. It's stock price soared into the stratosphere, far beyond its opening at $45, which turned out to be a good call by LinkedIn executives, who previously considered offering it at $34. The business social network sold 7.84 milli...

If the Internet is the equivalent of our solar system, then Netflix would be Jupiter, its largest planet. That, at least, is the imagery that Sandvine evokes in its latest report, "Global Internet Phenomena Spotlight." Netflix has ascended to the No. 1 Internet traffic spot, the firm found, accounti...

Let's take a peak into the future. Over the next few years, we will see the industry continue to transform itself. Industry leaders may change. We have seen that happen in the smartphone industry already. Are telephone and cable television companies next? Companies like AT&T, Verizon, Comcast,...

A new bill introduced in the U.S. Senate on Tuesday by Sen. Patrick Leahy, D-Vt., calls for electronic surveillance reforms that would require law enforcement to have a probable-cause warrant before obtaining email or other online data, or tracking ongoing mobile activity, among other enhanced legal...

There was a time when businesses names were simply picked out of a hat, literally, and often very successfully. Later, the complexity of the marketplace boosted the name lists to such huge quantities that they had to use larger drums. This is how most business names came about, and on that note, the...

The leak of a memo from HP CEO Leo Apotheker describing a tough upcoming quarter prompted the company to deliver its quarterly earnings report a day earlier than planned. The results for the second quarter were actually in line with expectations, but the company lowered its guidance for the rest of ...