Facebook’s Founder Loses $3 Billion in Two Days
Facebook has been struggling to stay afloat since its IPO event a few months ago. In the last three days, Zuckerberg has lost $3 billion from his own personal net worth, bringing ...
Sprint Loses Money, But Sells 1.5 Million iPhones
Sprint recently shut down its Nextel network, its Network Vision project, and withdrew its investment in Clearwire. Because of these massive changes, Sprint reported a loss of $1.37 billion (46 cents a ...
Google Paid $12.4 Billion for Motorola – Patents Only Worth $5.5 Billion
Google paid quite the premium some months ago to acquire Motorola Mobility. Yesterday, Google filed a document with the SEC to outline the exact worth of Motorola Mobility and what the search ...
AT&T: We Don’t Mind Lower Smartphone Sales
AT&T’s smartphone sales fell nearly 8% last quarter, and the company appears never to have been in a better mood. In fact, the fall in smartphone sales improved their second-quarter profits significantly, ...
Samsung Galaxy Hits 10 Million Sold Ahead of Schedule
The chief executive of Samsung predicted at the beginning of the year that the Galaxy S3 would hit over 10 million units sold by the end of July. It appears, however, that ...
Windows 8 Comes to the Public on October 26th
Microsoft has long danced around the exact availability date of Windows 8, but yesterday they announced that (without further delay) it will be launched for public use on October 26th. On this ...
IBM Has Excellent Quarter; Expectations are High for the Rest of the Year
IBM’s quarterly earnings not only met expectations, but exceeded them significantly. Still, the company did lose some money due to currency fluctuations that caused sales to drop in some countries. Second quarter ...
Welcome Yahoo’s new CEO: Marissa Mayer, Google Exec
Marissa Mayer is a long-time Google executive, and now she’s been named leader of Yahoo’s struggling company. This move comes after the last CEO, Scott Thompson, was kicked out in May for ...
Facebook Stocks Continue to Drop Due to User Decline
The news finally hit the public: Facebook’s number of active users has fallen over the past half year. Within hours of the report, their stocks had dropped 2.8% to $27.45 at 10:53 ...
NBC and Microsoft Sever Their Professional Connection
NBC and Microsoft teamed up for several years to produce quality news for the masses, but according to NBC News yesterday morning, the partnership between Microsoft and NBC is officially over. Microsoft ...